CBA improves small business sustainability tool | Australian Broker News
Investment Loans
CBA improves small business sustainability tool
Bank faucets Aussie corporations to assist small companies attain sustainability
Investment Loans
By
Noel Sales Barcelona
Commonwealth Bank is now working intently with BioPak, an eco-friendly packaging manufacturing firm, and vitality start-up EnergyFlex to enhance its Sustainability Action Tools, geared toward serving to small companies attain their sustainability objectives.
The first of its type in Australia, CBA’s Sustainability Action Tool was launched in 2023 and was specifically designed to help small enterprises in making their environmental outcomes higher and decreasing their manufacturing prices by offering them help to find sustainable supplies for his or her companies.
CBA mentioned it recognised that discovering a dependable supply of sustainable, but reasonably priced uncooked supplies for his or her manufacturing may very well be problematic and dear.
“We know by our analysis that the highest ache factors for small companies searching for to embed sustainability into their business mannequin are prices, discovering sustainable suppliers and an absence of time and sources,” mentioned Kerryn Saward, CBA’s common supervisor for Everyday Business Banking.
“Our Sustainability Action Tool addresses these ache factors – as a substitute of spending their restricted time visiting completely different web sites, business house owners can merely reply a couple of fast questions and entry a variety of knowledge that most closely fits their wants in a single easy-to-navigate useful resource.”
EnergyFlex co-founder and CEO Garry Harding mentioned the utilization of the sustainability tool will carry higher monetary and environmental outcomes to the consumer. Harding co-founded EnergyFlex with Craig Phasey. Both are Australian Air Force veterans.
“The ever-increasing price of vitality provides actual stress to any small business and impacts the complete provide chain. We are very excited to work with CBA’s Sustainability Action Tool and assist small companies drive down price and carbon emissions by higher understanding the renewable vitality transition,” Harding mentioned.
BioPak additionally expressed excessive hopes that its partnership with CBA by its Sustainability Action Tool can have a optimistic environmental and financial influence within the area.
“We’re extremely proud to be a part of this challenge serving to companies work in direction of round financial system options that put the planet first,” mentioned BioPak CEO Gary Smith.
“We are witnessing a shift in attitudes and vital momentum almost about sustainability, with so many SMEs trying to discover significant methods to assist minimise their environmental influence.”
Keep up with the most recent information and occasions
Join our mailing checklist, it’s free!
