Sustainability Victoria’s Energy Efficient Office Buildings program

Find out how you can save money and energy by improving building performance

Sustainability Victoria’s Smarter Resources Smarter Business - Energy Efficient Office Buildings program provides funding and support for building owners to improve energy efficiency. Eligible building owners can access matched funding amounts of between $20,000 to $150,000 to carry out an opportunities analysis, building tuning and monitoring activities.

Research has shown that by making some simple adjustments to building system controls and operations, building owners can expect to save an average of $10,000 per year in energy costs (based on an average sized office of 2,500m2).

Eligible buildings must be:

  • Non-premium, non-A grade buildings as defined by the Property Council of Australia
  • Primarily used as an office
  • Located in Victoria
  • Built prior to, and not have had a major refurbishment or retrofit since, 2007
  • Compliant with relevant legislative requirements including Essential Safety Measures

Apply today
To download an application form visit or call 1300 363 744. Funding is approved on a rolling basis until program funding is exhausted, so don’t miss out. 



Sustainability Legal Updates

30 September 2011

Environmental Upgrade Agreements

Mary Digiglio, partner at SWAAB Attorneys, and PFA have prepared a report explaining the purpose and meaning of Environment Upgrade Agreements.

To download a PDF copy of the report please click Environmental Upgrade Agreements


22nd April 2011

CBD Legislation

Mary Digiglio, partner at SWAAB Attorneys recently gave a presentation at the Australian Property Institute on CBD legislation.

To view the full presentation please click CBD Legislation


22nd April 2011

IAS 137 - Accounting for the damage

The proposed IAS 137 is forcing finance chiefs to rethink how they manage their liabilities for cleaning up contaminated land - and at least one company is ready with a solution.

To read the full article please click IAS 137 Accounting for the Damage


14th December 2010

Building Energy Efficiency Update

The Commercial Buildings Mandatory Disclosure Regime has undergone amendments, effective 29 November 2010, related to mixed use buildings and refurbishments. The Local Government Amendment (Environmental Upgrade Agreements) Bill 2010 facilitates a financing mechanism for building owners to implement major long term energy efficiency upgrades to buildings.

For further information click PFA (ADPIA) Mandatory Disclosure of Office Building Energy Efficiency

A copy of the Local Government Amendment (Environmental Upgrade Agreements) Bill 2010 can be downloaded from the website of NSW Parliament.



Low Carbon Australia helping your competitive advantage

There is no better time for business and industry to take steps to improve the energy performance of their buildings and operations, helping reduce costs and become energy smart and carbon savvy.

Investing in building retrofits, smarter new energy technologies and industry process upgrades is critical for long-term sustainability and positioning for the low carbon economy. This can help Australian business retain competitive advantage and will also be kinder to the environment.

Low Carbon Australia is ready right now to provide business with clean energy finance in the form of loans, equipment leases and capital for equipment which will upgrade the efficiency of their operations or buildings. This offers  a smart way for business to take advantage of new energy savings technologies like LED lighting and highly efficient heating and cooling equipment through to advanced co-gen and tri-gen projects.

Low Carbon Australia has announced a new Request for Proposals looking for investment ready projects which have undergone the appropriate feasibility studies. Projects could include but are not limited to the office and retail sector; distribution and warehousing industries; education and health; manufacturing; leisure and community sectors as well as local government.

More information on Low Carbon Australia can be found in the following publications:

Low Carbon Australia Fact Sheet

Low Carbon Australia E3 Leaflet

Low Carbon Australia Brochure


API/PFA - Building Better Returns Research Report

Research commissioned by the Australian Property Institute (API) and the Property Funds Association of Australia (PFA) is the first major Australian study to assess the added value of green office buildings in their financial performance. The research was undertaken by the University of Western Sydney (UWS) and the University of Maastricht, Netherlands in conjunction with Jones Lang LaSalle and CBRE.

The report identifies the future challenges and opportunities for the green office building agenda in Australia and provides the economic rationale for sustainable property investment and development.

Sponsors of the project are NAB and Brookfield Multiplex (Platinum Sponsors), Johnson Controls and Verdigris Capital (Gold Sponsors) and Cbus and Local Government Super (Supporting Sponsors).

Additional information: API Building Better Returns Report



API/PFA Seminar - Building Better Returns

API/PFA  recently ran a seminar in Sydney and Melbourne on Building Better Returns which was presented by Dr Nils Kok, co-author of the ground breaking US study Doing Well by Doing Good.

The main topics of discussion were:

  • Latest update on the US study
  • Discussion on emerging global trends
  • Sustainability credentials that international institutional investors are looking for
  • Views on the development of the sustainability/investment sector and the future drivers
  • What is happening in the Australian context - an overview of the Austrlian Research being undertaken by the University of Western Sydney and Maastricht University in conjunction with CBRE and JLL - "Building Better Returns?"

Click here to view the presentation by Nils Kok - Building Better Returns

Click here to view the presentation by IPD - Green Property Index



Tax Breaks for Green Building Consultation

PFA made a submission to the Department of Climate Change and Energy Efficiency (DCCEE) regarding tax breaks for green buildings.

For further information and to view the full submission, please click here.



Commercial Building Disclosure

The CBD website gives the latest information from the Government about the Commercial Building Disclosure  program.

From 1 November 2010 most sellers or lessors of office space of 2,000 square metres or more will be required to obtain and disclose an up-to-date energy efficiency rating.

Click here to view the CBD website.


The A-Z of Property Sustainability

From ABGR to WGBC and everything about sustainability and commercial property in between.  Here's PFA's new A-Z Guide to sustainability.  What exactly are absorption chillers?  What's tri-generation?  What does "ESG" stand for? What's "FTSE 4 Good"?  All the major acronyms, government programs and funding bodies are defined here, with links for further reading.  A product of the PFA Sustainability Committee.

Click here to download a copy of the PFA A-Z of Property Sustainability


While the opportunities associated with embracing sustainability may have been overlooked previously (with the belief that it is just an “additional cost”), recent research and emerging industry response has confirmed there can be substantial benefits for investing in property with strong sustainability criteria. Such benefits may include:

- Greater returns
- Tighter yields
- Better lease covenants
- Rent premium
- Lower outgoings
- Long-term security

Education segments and sustainability market updates will be posted on this website regularly and PFA undertakes to further educate members on emerging sustainability trends via the annual conference and other forums as required.



UN Global Compact-Accenture CEO Study 2010

PRI (Principals for Responsible Investment) Report

Property and Sustainability Report

Drapac Sustainability Presentation

PFA (ADPIA) Mandatory Disclosure of Office Building Energy Efficiency



Australian Conservation Foundation

Australian Sustainable Built Environment Council

Best Foot Forward

City of Melbourne

Department of Environment and Heritage NSW


EPA Victoria

Global Reporting Initiative



Green Building Council of Australia

GPT Group

ICLEI Local Governments for Sustainability

Institute for Global Ethics

National Australian Built Environment Rating System

National Centre for Sustainability

Property Council of Australia

Responsible Investment Association Australasia

Rocky Mountain Institute

Social Venture Network


Sustainability Victoria

Sustainable Melbourne

Sustainable Melbourne Fund

The Fifth Estate

The Sustainable Living Foundation

The Wilderness Society

UN Global Compact

Vancouver Valuation Accord

Wuppertal Institute for Climate, Environment and Energy

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