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                    Environmental upgrade finance

                    The City of Melbourne can help building owners obtain finance for retrofit works that reduce energy use, save water and lower carbon emissions.

                    We are offering environmental upgrade agreements through the 1200 Buildings program. Environmental upgrade agreements provide you with competitive finance to retrofit your existing commercial buildings located in the City of Melbourne municipality.

                    What is an environmental upgrade agreement?

                    An environmental upgrade agreement (EUA) is a contract between you (the building owner), financial institution and us (City of Melbourne via Sustainable Melbourne Fund).

                    Diagram of relationships for an environmental upgrade agreement contract between a building owner, a bank and City of Melbourne

                    Once the agreement is in place, the bank forwards the loan to you. We collect the loan repayments through a rates charge then pass the repayment to the bank.

                    Want to know more?

                    You can get easy-to-access information about using environmental upgrade finance and its benefits at Better Building Finance. Better Building Finance is a joint initiative by the Sustainable Melbourne Fund and ClimateWorks.

                    The Sustainable Melbourne Fund administers environmental upgrade finance for the City of Melbourne.

                    Document download

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                    Environmental Upgrade Agreements - A Banking Perspective: Get More for Less
                    Robert White from NAB presents on the benefits of using Environmental Upgrade Agreements for commercial building retrofits.
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