ENVIRONMENTAL PERFORMANCE AND ECOLOGICALLY SUSTAINABLE DEVELOPMENT
The following table details the CEFC’s Ecologically Sustainable Development (ESD) activities in accordance with section 516A(6) of the Environment Protection and Biodiversity Conservation Act 1999 (EPBC Act).
ESD reporting requirement
How the CEFC’s activities accorded with the principles of ESD
At the very core of all of the CEFC’s activities is a strong alignment to the principles of ESD.
As defined in the CEFC Act, the CEFC exists to facilitate financial flows to ‘renewable energy’, ‘energy efficiency’ and ‘low emissions’ technologies.
By mobilising capital investment in renewable energy, low-emissions technology and energy efficiency in Australia, the CEFC’s activity results in an increased flow of funds for the commercialisation and deployment of such Australian-based technologies and thus prepares and positions the Australian economy and industry for a carbon constrained world.
Outcomes contributing to ESD
The CEFC has a single appropriations outcome to:
Facilitate increased flows of finance into Australia’s clean energy sector, applying commercial rigour to investing in renewable energy, low-emissions and energy efficiency technologies, building industry capacity, and disseminating information to industry stakeholders
This outcome contributes directly to the principles of ESD.
As at 30 June 2015, the CEFC had committed over $1.4 billion in projects with a total project value of over $3.5 billion. The CEFC invests for a positive return, with its more than 55 direct investments and 34 projects co-financed under aggregation programs.
These CEFC investments are expected to achieve abatement of 4.2 million tonnes of CO2 -e per annum, representing a positive net benefit to the taxpayer in the order of $2.30 per tonne CO2 -e. The CEFC does not claim that this abatement occurs independently of complimentary policy, such as the RET.
They help to improve energy productivity for businesses across Australia, lower emissions, develop local industries, increase competitiveness, and generate new employment opportunities.
|Activities that affect the environment||
As stated above, core investment activity by the CEFC is expected to yield a affect the positive impact on the environment. More information on the CEFC’s investments environment and their specific effects on the environment, including case studies can be found at Section 1 of this Annual Report.
In order to perform its functions, the CEFC has 57 FTE staff based in three locations (Sydney and Brisbane) which service Australia nationally. The nature of this operational activity has minimal impact on the environment in line with the CEFC aim to have as little impact as possible. The principal environmental impacts include:
During the year, staffing numbers grew from 50 to 57 FTE — an increase of 14 per cent. This resulted in some increases in consumption and GHG emissions.
|Measures taken to minimise the effect of activities on the environment||
The CEFC’s current sustainability measures are intended to reduce the taken to Corporation’s environmental footprint.
The CEFC has two open plan offices, allowing easier control of air conditioning; environment employees are provided with a central printing facility allowing for fewer high capacity multi-function devices (which have energy saving modes when not in use); the CEFC provides energy efficient computer monitors and laptops to all employees, which they are encouraged to turn off each evening; the CEFC’s occupied premises in both Brisbane and Sydney are fitted with sensor and LED lighting and purchase green power; both CEFC office buildings have been designed to achieve a 5.0-star NABERS Energy Rating; an energy use dashboard features in the Brisbane office reception area to indicate energy and water usage.
Water is recycled at both premises. A grey water system is in operation at the CEFC’s Brisbane premises and a black water system is in operation at CEFC’s Sydney premises.
Other Resource Consumption
CEFC office furniture has been selected for its high recycled/recyclable content; a follow-me printing system is installed to save paper with default printing set to double sided, black and white; 100% recycled printer paper is used.
Greenhouse Gas Emissions
The CEFC is committed to carbon offsetting all employee flights.
There are no car parks associated with either the Brisbane or Sydney lease and employees are encouraged to walk, run or cycle to work and to utilise public transport. No corporate car parks or corporate vehicles are provided to employees. During the 2014–2015 year, the CEFC heavily utilised its video conferencing facilities in our Brisbane and Sydney offices to reduce inter-office flight requirements.