CBA improves small business sustainability tool

CBA improves small business sustainability tool | Australian Broker News

Investment Loans

CBA improves small business sustainability tool

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Bank faucets Aussie corporations to assist small companies attain sustainability

Investment Loans

By
Noel Sales Barcelona

Commonwealth Bank is now working carefully with BioPak, an eco-friendly packaging manufacturing firm, and vitality start-up EnergyFlex to enhance its Sustainability Action Tools, aimed toward serving to small companies attain their sustainability objectives.

The first of its variety 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 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 means of 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 assets,” mentioned Kerryn Saward, CBA’s common supervisor for Everyday Business Banking.

“Our Sustainability Action Tool addresses these ache factors – as an alternative of spending their restricted time visiting completely different web sites, business homeowners can merely reply a couple of fast questions and entry a variety of knowledge that most accurately 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 convey higher monetary and environmental outcomes to the shopper. Harding co-founded EnergyFlex with Craig Phasey. Both are Australian Air Force veterans.

“The ever-increasing value of vitality provides actual strain to any small business and impacts your entire provide chain. We are very excited to work with CBA’s Sustainability Action Tool and assist small companies drive down value and carbon emissions by higher understanding the renewable vitality transition,” Harding mentioned.

BioPak additionally expressed excessive hopes that its partnership with CBA by means of its Sustainability Action Tool could have a constructive 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 economic system options that put the planet first,” mentioned BioPak CEO Gary Smith.

“We are witnessing a shift in attitudes and important momentum with reference to sustainability, with so many SMEs seeking to discover significant methods to assist minimise their environmental influence.”