(12 March 2024 – Australia) Commonwealth Bank (CommBank) has launched a new loan to support Australian businesses financing assets and initiatives that can reduce emissions, build climate change resilience and protect natural resources.
CommBank’s new Business Green Loan is targeted at commercial enterprises seeking competitive funding for sustainability practises such as renewable energy projects, energy efficient building upgrades, and pollution reduction initiatives.
Terms can be adjusted to suit the individual needs of corporates depending on their projects, assets and funding needs.
“There has been a big shift in the types of conversations we are having with our business customers, from small businesses to our largest corporate clients – customers recognise the opportunity to implement sustainable practices that not only advance their environmental goals but also lower operating costs” commented CBA Executive General Manager Business Lending, Grant Cairns.
“As Australia’s leading business bank, we have an important role to play in financing the nation’s transition and we are committed to supporting businesses to finance initiatives and assets that will help drive a more sustainable future.