Photo by Harli Marten on Unsplash

A green retirement is on the cards for residents of Ingenia Communities senior’s lifestyle residences, with the company securing a $75 million investment from the Clean Energy Finance Corporation to reduce emissions across new and existing properties.

The green bank’s investment will finance a pilot of the Green Building Council of Australia’s new Green Star Homes Standard across 30 of the company’s homes. Introduced last year, a home with the new Green Star stamp is guaranteed to be healthy, resilient and energy efficient.

The money will also flow to a range of other energy efficiency and renewable energy projects that will help the group meet its target to reduce carbon emissions by 30 per cent in the next five years, and be carbon neutral operations by 2035.

“As our portfolio and business matures, we want to be at the forefront of developing more sustainable communities, providing our residents with affordable homes, lower energy costs and liveable communities that will enhance their quality of life,” Ingenia Communities Group chief executive officer Simon Owen said.

“Our commitment to reduce our emissions is representative of that ambition.”

The built environment has been a focal point for the Australia’s green bank in recent years as “a great opportunity to accelerate Australia’s pathway to a lower emissions economy” and lower energy bills at the same time.

“Buildings account for more than half of our national electricity use and almost a quarter of emissions across the Australian economy,” CEFC CEO Ian Learmonth said.

“Australia’s leading property companies have been recognised for their progress against international sustainability benchmarks and we must look for ways to extend this across our built environment.”