We invest to lead the market, addressing some of Australia's toughest emissions challenges - in agriculture, energy generation and storage, infrastructure, property, transport and waste.
The CEFC catalyses private sector investment in the nation’s clean energy sector and we are governed by an independent Board that reports to the Australian Parliament through our responsible ministers.
We are a corporate Commonwealth entity working within the governance regime of the Public Governance, Performance and Accountability Act 2013 (Cth) (The PGPA Act).
As set out in the CEFC Act, Investment Mandate, the PGPA Act and as generally accepted in the private sector, the Board has responsibility for overseeing the efficient and effective operation of the CEFC. This includes prudent oversight and governance of investment decisions and risk management. The Board delegates some of its powers to the CEO and individual Board members, and the CEO further delegates to senior members of staff. The Executive Team is responsible for implementing the Board’s decisions, conducting portfolio reviews and managing day-to-day investment matters.
The Board Charter details the Board’s role and responsibilities and its relationship with Management. The Audit and Risk Committee and the People and Culture Committee and the two standing Board Committees which assist the Board in its oversight role. The Board Committee Charters detail the leadership, composition and responsibilities of each Committee and how they exercise their authority:
The CEO has responsibility for the day-to-day management of the CEFC, assisted by the Executive team and four executive committees:
- Executive Investment Committee – which reviews all investment proposals.
- Joint Investment Committee – operated in conjunction with the Australian Renewable Energy Agency (ARENA) and which reviews all investment proposals relating to the Clean Energy Innovation Fund.
- Asset Management Committee – which oversees the management of the investment portfolio.
- Executive Risk Committee – which oversees performance and risk management for the Corporation's investments and for the Corporation itself.