Annual Report 2019–20
Accelerating clean energy investment
Backing technology and innovation
Hear from CEO Ian Learmonth
to transform our economy
The CEFC is a specialist investor with a deep sense of purpose:
to be at the forefront of Australia’s successful transition to a low carbon economy.
We invest in new and emerging technologies and opportunities on behalf of all Australians, operating with the support of the Australian Government. As a specialist investor we have a clear focus on clean energy to deliver benefits for generations to come. Our approach is founded on our shared values: to make a positive impact, to collaborate with others, to champion integrity and to embrace innovation.
Investment in a secure, affordable and sustainable energy future will stimulate the Australian economy as well as accelerate the progress already made in transitioning to a low emissions economy.Steven Skala AOChair, CEFC
Our continued strong financial performance and sound technology and systems enabled us to invest through the economic disruption of the COVID-19 pandemic.Ian LearmonthCEO, CEFC
Investing across Australia
The CEFC operates with a national focus, with our investment commitments stretching across Australia, including national and state-based projects and programs.
National commitments are those investments that have the potential to be deployed nation-wide, including smaller scale clean energy investments via our asset financing programs, as well as CEFC commitments in climate bonds, green bonds and equity funds with a specialist clean energy focus.
Lifetime national commitments totalled almost $2.8 billion at 30 June 2020, with a total investment value of $11.2 billion. Lifetime state-based commitments reached $5.4 billion at 30 June 2020, with a total investment value of $16.7 billion.
Acknowledgement of Country
The CEFC acknowledges the Traditional Owners of Country throughout Australia and recognises their continuing connection to land, waters and culture.
We pay our respects to their Elders – past, present and emerging.