Specialist medical lender Credabl and the Clean Energy Finance Corporation (CEFC) are empowering healthcare professionals to invest in energy-efficient solutions with the launch of Green Loans. This pioneering initiative supports the sector's transition to a low-carbon future, aligning with Australia's broader sustainability goals.
Backed by a $20 million CEFC investment, Credabl's Green Loan offers healthcare providers reduced interest rates to facilitate the adoption of eco-friendly assets. Eligible investments include solar PV systems, energy-efficient fitouts, electric vehicles (EVs), EV charging infrastructure, and eligible energy efficient commercial property.
Stafford Hamilton, CEO of Credabl, said: "Our work with the CEFC to introduce green loan solutions to the medical sector is a testament to Credabl's unwavering commitment to both our clients and the future of our planet. By offering reduced rate loans for energy efficient assets, we are aligning the pursuit of medical excellence with the urgent need for environmental responsibility.
"This initiative not only reinforces our position as innovators in medical finance but also empowers those who dedicate their lives to healing others to contribute to Australia's journey toward net zero. This is more than just a financial product; it's a step towards a sustainable tomorrow combining the support of medical professionals who make a profound impact in their communities, with advancing our collective environmental goals".
CEFC Executive Director Richard Lovell said: "Healthcare facilities are energy intensive, because of the unique services they provide and the complex technologies they use to keep us well. This is the case for large hospital as well as smaller healthcare practices. At the same time healthcare practitioners recognise that reducing carbon emissions and managing resources more efficiently can bring benefits for human health while improving the sustainability of their operations without compromising the quality of care for patients.
"This new green loan product offers a practical way for healthcare providers like dentists, doctors and vets to reduce emissions and help make the sector greener. By adopting energy efficiency options, healthcare professionals can amplify their support for healthier communities and help build more sustainable healthcare systems for the future[1]."
"Australia's small and medium sized businesses have an important role to play in our energy transition. Green loan products encourage the early adoption of clean energy technologies to improve business sustainability and reduce emissions. The industry specific expertise Credabl brings as a specialised healthcare finance lender aligns with increased advocacy from the healthcare sector for more sustainable action and provides a practical way to transition to renewable energy sources and reducing emissions."
Healthcare contributes approximately 7% of Australia's national carbon emissions[2], with the global healthcare sector ranking among the top emitters. Credabl's Green Loan solution not only reduces environmental impacts but also enhances long-term economic resilience within the healthcare industry.
To support the launch of Green Loans, Credabl is proud to release its Green Report: Sustainable practices for a sustainable practice. Based on over 170 responses by medical professionals, this comprehensive report highlights actionable strategies for adopting eco-friendly practices. It also includes practical insights into green investments in technologies such as solar panels and waste management systems, showcasing how these initiatives can deliver both environmental and financial benefits for healthcare businesses. To access the report, visit our Green Hub
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The CEFC is a specialist investor in Australias transition to net zero emissions by 2050. With access to more than $30 billion from the Australian Government, we work with co-investors, industry and government to drive economy-wide investment in decarbonisation. We invest in renewable energy, energy efficiency and low emissions technologies via the CEFC General Portfolio, the Rewiring the Nation Fund and four Specialised Investment Funds: the Household Energy Upgrades Fund, the Powering Australia Technology Fund, the Advancing Hydrogen Fund and the Clean Energy Innovation Fund. We are governed by an Independent Board, which provides prudent oversight and governance of CEFC culture, investment decisions and risk management. Our Executive and staff bring considerable experience and expertise to our investment and decarbonisation task. In adopting a national approach to the emissions challenge, we invest with commercial rigour, aiming to deliver a positive return across our portfolio.
Credabl is a team of finance specialists providing tailored solutions for medical, dental and veterinary professionals. Through simplified, customised and digitised solutions, Credabl ensures that medical professionals receive the financial attention they deserve in both their personal and professional lives. With niche finance knowledge and specialist industry skills, Credabl is your partner on call.
Lyndall Jenkins
lyndall.jenkins@credabl.com.au
02 9850 5362
[1] Green Building Council Australia, Why live in a green building?
[2] Malik A, Lenzen M, McAlister S, et al. The carbon footprint of Australian health care. Lancet Planet Health 2018; 2: e27–e35.