NAB lower-cost loans drive clean energy opportunities for business
Manufacturing, transport, recycling and more encouraged to invest in sustainability to cut emissions
Farmers, manufacturers, and businesses can use the CEFC-backed NAB Green Finance for Vehicles and Equipment program to invest in zero-emission vehicles, manufacturing equipment and recycling facilities.
$200 million
CEFC commitment
Discounted
finance rates
Electric vehicles
equipment upgrades
Business customers recognise the opportunities that come from green investment and transitioning to more sustainable business practices. We are training bankers on the key climate risks our customers are facing. Providing customers with not just the know-how but the access to low-cost green finance will help drive meaningful change.Rachel SladeGroup Executive for Business and Private Banking, NAB
Our investment
The CEFC is working with Australia’s largest business and agri lender NAB to cut borrowing costs for manufacturers, businesses and farmers seeking to invest in emissions reduction activities.
The CEFC has committed $200 million to the NAB Green Finance for Vehicles and Equipment program, as part of a $300 million investment commitment that also includes the NAB Agribusiness – Emissions Reduction Incentive Program.
NAB Green Finance for Vehicles and Equipment program offers a 0.5 per cent interest rate discount on investments in manufacturing, transport and recycling, as well as industry more broadly.
Customer loans range from ~$10,000 to $5 million.
Eligible activities may include:
- Manufacturing: Projects in production and/or manufacturing facilities that produce key components used in renewable energy generation, including solar, wind and battery storage.
- Transport: Manufacturers focused on producing net zero emissions vehicles, from cars and trucks to buggies and earthmoving equipment.
- Recycling: Facilities that repair or reuse products or components, as well as those producing recycled glass, metal, paper, and plastic from post-consumer waste.
The CEFC does not provide loans directly to consumers. Visit the NAB website for more information, including loan eligibility.
OUR IMPACT
Creating new clean energy economy opportunities
The CEFC works with retail financial institutions to support tailored asset finance products that encourage Australian businesses to lift the sustainability of their operations.
The CEFC asset finance program is structured to support individual borrowers such as small businesses, farmers and electric vehicle buyers seeking best-in-class clean energy assets when considering new equipment purchases, property fit-outs and vehicles.
By tapping into the customer base of co-financiers, CEFC capital benefits customers through lower interest rates, giving these borrowers a meaningful incentive to invest in emissions reduction and be part of the clean energy economy of the future.
Our transition to net zero emissions offers important growth potential right across our economy. This includes exciting new business opportunities for a diverse range of manufacturers and industry, from those involved in the clean energy supply chain to electric vehicles and recycling. At the same time, new technologies and production approaches are lifting the sustainability of our farms.Richard LovellExecutive Director Debt Markets, CEFC
