Credabl green loan a sustainability booster for healthcare
Discounted loans support healthier communities while building more sustainable healthcare operations
A pioneering discounted green loan product from Credabl, backed by the CEFC, supports Australia’s doctors, dentists and vets to adopt clean energy technologies to improve business sustainability and reduce emissions.
$20 million
CEFC commitment
Up to 0.65%
discount
Healthcare
sustainability
This is more than just a financial product; it’s a step towards a sustainable tomorrow combining the support of medical professionals who make a profound impact in their communities, with advancing our collective environmental goals.Stafford HamiltonCEO, Credabl
Our investment
The CEFC has committed $20 million to specialist healthcare financier Credabl for a green loan product providing a discount of up to 0.65 per cent for clients undertaking sustainability upgrades.
Borrowers can apply for the discount finance when acquiring eco-friendly practice assets such as solar PV, energy efficient fixtures and fitouts, electric vehicles (EVs) and EV charging infrastructure, and eligible energy efficient commercial property.
The industry specific expertise Credabl brings as a specialised healthcare finance lender aligns with increased advocacy from the healthcare sector for more sustainable action and provides a practical way to transition to renewable energy sources and reducing emissions.Richard LovellExecutive Director, CEFC
OUR IMPACT
Healthcare’s emissions reduction opportunity
Healthcare contributes to approximately 4.4 per cent of the world’s greenhouse gas emissions, with estimates showing that the global healthcare sector would be the fifth largest emitter if it were a nation.1 The impact of climate change on human health has been recognised as a priority by the World Health Organisation, which supports a rapid transition to a clean energy economy.2
In Australia, the healthcare sector has been identified as a significant contributor to national carbon emissions, with estimates suggesting it could be responsible for up to seven per cent of national emissions.3
Healthcare facilities are energy intensive, because of the unique services they provide and the complex technologies they use. At the same time healthcare practitioners recognise that reducing carbon emissions and managing resources more efficiently can bring benefits for human health while improving the sustainability of their operations without compromising the quality of care for patients.
Aligning healthcare with environmental responsibility
The CEFC is working with Credabl to provide a green loan product as a practical way for healthcare providers like dentists, doctors and vets to reduce emissions and help make the sector greener.
By adopting energy efficiency options, healthcare professionals can amplify their support for healthier communities and help build more sustainable healthcare systems for the future.
Learn more about Credabl.
1. Karliner J, Slotterback S, Boyd R, Ashby B, Steele K. Health Care’s Climate Footprint: How the Health Sector Contributes to the Global Climate Crisis and Opportunities for Action. 2019.2. World Health Organisation, Climate Change, 2023.3 Malik A, Lenzen M, McAlister S, et al. The carbon footprint of Australian health care. Lancet Planet Health 2018; 2: e27–e35.
