Following the Energy Transition Into Property

Recent geopolitical tensions and rising oil prices have reinforced the energy transition story, with consumers now increasingly transitioning towards car electrification.

Sales of EVs and hybrids accounted for a record 45% share of new car sales in April, while EV sales are up 157% year-on-year. Despite this momentum, EVs still represent only 2% of all cars on Australian roads, highlighting the significant runway for further acceleration in the energy transition.

Our responsible investment strategy continues to monitor the energy transition, and we believe that as parts of the economy continue to transition, so too will the property and built environment sectors.

Some examples that we have seen recently across our portfolio include initiatives such as:

– EV charging
– Energy-efficient and smart building systems
– Water efficiency measures
– Rooftop solar

Examples include loan facilities secured across industrial warehouses in Laverton and residential apartments in Southport.