Annual Report 2019–20
Accelerating clean energy investment
Backing technology and innovation
to transform our economy
Hear from CEO Ian Learmonth
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.
* Portfolio of investment commitments at 30 June 2020, after allowing for repayments, amortisation and cancellations on total commitments of $8.2b since inception.
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.