Langdon Ingredients, located in Derrimut, is the first recipient of an innovative funding model provided by Council to undertake environmental building upgrades.
Mayor of Brimbank, Cr John Hedditch says Council is very pleased to sign the first environmental agreement with Langdon Ingredients, offering the business a smarter way to access capital for their environmental building improvements.
“The agreements enable owners of any non-residential property in Brimbank to access funding for environmental upgrades such as energy efficient lighting, solar energy, double-glazing, water efficiency and waste minimisation.
Launched in March this year (2017), Council now offers local businesses an opportunity to access funding for environmental upgrades to their premises made possible through environmental agreements.
“The initiative allows businesses to access loans administered through the Council rate system. This removes the need for upfront capital, whilst competitive interest rates and low-cost financing make these arrangements a cost effective way to reduce the risks associated with rising energy costs.
“The environmental agreements provide businesses an opportunity to replace old and inefficient equipment with newer more efficient technologies and reap the benefits of operating a more sustainable and efficient building.
“Council is actively working to assist its community, including businesses to reduce greenhouse gas emissions, reduce their utility expenses and to improve energy security,” Cr Hedditch said.
The initiative recognises that commercial and industrial uses are some of the largest contributors to greenhouse gas emissions.
The agreements have been identified as having the potential to reduce greenhouse gas emissions from the commercial and industrial sector by a significant 215,000 tonnes of carbon dioxide equivalent (tCo2 e).
Brimbank City Council undertakes the initiative in partnership with the Sustainable Melbourne Fund. Sustainable Melbourne Fund is a third party administrator for all councils offering environment agreements, and they are responsible for approving suppliers for the project and administering the agreements.