CEFC and Credabl help cut healthcare sector emissions with cost effective green loans

28 February 2025

The CEFC has invested in a pioneering discount green loan product for healthcare providers, working with specialist non-bank lender Credabl to boost the uptake of energy efficient equipment and solar PV at dental practices, doctors’ surgeries and other healthcare offices around Australia.

The $20 million CEFC finance supports a suite of discount green loans to help Credabl clients undertake energy efficiency initiatives, with a reduction of up to 0.65 per cent annually. 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 Australian healthcare sector has been identified as a significant contributor to national carbon emissions, with estimates suggesting the healthcare system could be responsible for up to seven per cent of national emissions.¹

CEFC Executive Director Richard Lovell said: “Healthcare facilities are energy intensive, because of the unique services they provide and the complex technologies they use to keep us well. This is the case for large hospital as well as smaller healthcare practices. 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.

“This new green loan product offers 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 future².”

Australia’s small and medium sized businesses have an important role to play in our energy transition. Green loan products encourage the early adoption of clean energy technologies to improve business sustainability and reduce emissions. 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 Lovell

Executive Director, CEFC

Credabl CEO Stafford Hamilton said: “Our work with the CEFC to introduce green loan solutions to the medical sector is a testament to Credabl's unwavering commitment to both our clients and the future of our planet. By offering discounted loans for energy efficient assets, we are aligning the pursuit of medical excellence with the urgent need for environmental responsibility. 

“This initiative not only reinforces our position as innovators in medical finance but also empowers those who dedicate their lives to healing others to contribute to Australia's journey toward net zero. 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”.

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.³ 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.⁴

In a little over a decade, CEFC backed asset finance programs similar to this latest investment commitment have provided discounted green loans for almost 80,000 projects, supporting business, households and farmers to cut their emissions. 

About Credabl

Credabl is a team of finance specialists providing tailored solutions for medical, dental and vets. Through simplified, customised and digitised solutions, Credabl ensures that medical professionals receive the financial attention they deserve in both their personal and professional lives. With niche finance knowledge and specialist industry skills, Credabl is your partner on call.

1. Malik A, Lenzen M, McAlister S, et al. The carbon footprint of Australian health care. Lancet Planet Health 2018; 2: e27–e35.2. Green Building Council Australia, Why live in a green building?3. 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. 2019.4. World Health Organisation, Climate Change, 2023.