The role of the CEFC is to stimulate private sector investment into initiatives that help Australia address some of its toughest emissions challenges. It is a responsibility that we do not take lightly and one we must meet with leadership, courage and commercial rigour. To address the opportunities and challenges in the clean energy sector, it is imperative that we attract, develop and retain the highest quality talent. In 2020, we created our first organisation-wide Capability Framework. This identifies 11 core capabilities for CEFC employees and describes the skills, knowledge and attributes required for successful performance at the CEFC. The new Capability Framework is aligned with our strategic direction.
For employees, the Capability Framework provides a structured and transparent approach to career development, designed to help build capabilities for both current and future roles. For managers, the Capability Framework establishes a common language of behavioural expectations, making it easier to provide teams with specific and actionable feedback and development coaching. It is also an important contributor to the identification of employees with the potential to progress and take on more responsibility.
The CEFC actively promotes and encourages individual professional development as a core contributor to our market impact, as well as broadening and deepening the skills of our people. While the COVID-19 pandemic curtailed some development activities in the second half (e.g. formal face to face training and site visits), by May of 2020, employees were provided with a range of opportunities for virtual participation in industry conferences, internal lunch and learn sessions, online learning and executive coaching.
The CEFC approach to professional development includes a wide suite of opportunities for employees: