Company acquisition to deliver energy and water assessments

Monday, 14 July, 2008

Green Invest has acquired Sustainable Footprint Pty Ltd, an environmental company focused on delivering energy and water assessments.

“Adding Sustainable Footprint to our group enables us to not only have a full solution that we can provide here in Australia, but also export it as a package overseas, particularly to the North American market, where we can complement our GreenPlumbers organisation,” said the company’s group managing director Ian McMillan.

Sustainable Footprint specialises in delivering corporate sustainability solutions. Its core business is assisting medium to large corporations and community organisations in performing energy and water assessments and educating staff in the area of sustainability.

The Australian federal government is currently introducing three significant initiatives in its efforts to tackle climate change which will have a dramatic impact on the community and business:

  • The National Greenhouse and Energy Reporting Scheme came into effect from 1 July 2008. The scheme imposes significant penalties for corporations failing to register and report. In certain circumstances CEOs may be held personally liable.
  • The Garnaut Climate Change Review draft report released, 4 July 2008 — recommending policies that need to be implemented Australia wide in order to tackle climate change. This is noted as being the central means by which the Rudd government aims to reduce Australia's greenhouse emissions by 60% by 2050.
  • Wednesday 16 July 2008 — Senator Penny Wong, The Minister for Climate Change and Water, is expected to release the federal government’s ‘green paper’ on a proposed emissions trading scheme.

The addition of Sustainable Footprint moves Green Invest into the area of energy sustainability with the installation opportunity for solar panels, lighting upgrades and other energy-efficiency devices.

“I see water and energy as totally complementary and Sustainable Footprint is an exceptionally professional team to support our vision of being the leading player in the fast-changing environmental services area,” said McMillan.

 

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