Bendigo Bank
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Return to Summary of all ProvidersPrimary activity : Project developerThe person or organisation that set up an offset generating project for the purpose of selling carbon offsets and reducing greenhouse gas emissions. , RetailerCarbon offset retailers either fund or purchase carbon offsets in large quantities and then on sell them to individual consumers in smaller quantities. Price (per tonne CO2e) : AU$11 - AU$20
Summary
Bendigo Bank's view on the role of carbon offsets in addressing climate change"Carbon Offsets allow customers to take responsibility for the emissions that they cause or those that they are unable to avoid through other means. Carbon Offsets are one solution in the Generation Green suite which includes green home loans and green personal loans. Green loans encourage customers to reduce their impact on the environment through using less energy and water in their home or vehicle. "
Detailed InformationClick on the tabs below for more information:
Summary
Role in the Carbon Offset Market[Q1]Project developer, RetailerMain client base[Q3]Retail customers, Corporates and Local governmentOffset Products
Offset Products
Price(s) per tonne[Q17]AU$11 - AU$20Project Type(s)[Q23]- Afforestation / reforestation with multiple locally occurring species of vegetationProject Location(s)[Q27]- DomesticAre offsets packaged with other services (such as footprinting, carbon neutrality etc)?[Q10]No
[Find out more about project types]Offset Quality
Offset Quality
Organisation is licensed to provide financial advice (or to be an authorised representative in providing financial advice) in the context of brokerage of carbon commodities[Q23a]Information not providedOffsets generated and sold by Bendigo Bank[Q33a]Non-accredited forestry offsetsHow does your organisation calculate the amount and price of carbon offset required by customers?[Q10]- Personal contact from clients with specific needs for type of offset and tonnageDo you provide quality assurance or technical documentation on your web site or on request?[Q16]http://www.bendigobank.com.au/public/generationgreen/carbon_offsets/inde...
Is your organisation audited by an independent third party for the sale and retirement of offsets and / or RECs?[Q16b] NoDoes your organisation supply National Carbon Offset Standard (NCOS) or NCOS compliant abatement to customers from 1st July 2010?[Q18] No
[Q19]What evidence of purchase can customers expect to receive when buying carbon offsets from your organisation?- Certificate for amount of offset purchased
- Tax InvoiceWhat documentation is available to customers about the carbon offset project/s as part of the education and quality assurance process?[Q22]- We do not supply independent documentation to customers
- Information not supplied
[Find out more about issues relating to offsetting]
[Find out more about Certification Standards]Resources
Resources
Do you provide a carbon footprint calculation service for your customers?[Q12]- NoOther carbon management services[Q11]- Gifts
- Green Home and Personal Loans
[Find out more about carbon offsetting]Projects
Project Information
Natimuk | VIC

General Information
[Q22, Q25]Own Project | Native vegetation re-establishment in one of Victoria's most endangered EVC
Price per tonne of CO2e[Q24]$15
Project Location(s)[Q27, Q28]Australia | VICProject Size (tonnes of CO2e)[Q29] 7,000 tonnes during the 30 year growth periodQuality
Date project started to generate verified emission reductions (VERs) / offset credits[Q31]- 1 Aug 2008Crediting period of the project (in years)[Q32]- 30 yearsAccreditation or certification achieved as at May 2010[Q33a]- Non-accredited forestry offsetsRelevant third party verification (not accreditation / certification)[Q35]- Greenhouse friendlyGreenhouse Friendly 'The Greenhouse Friendly™ initiative has been operating since 2001 to certify carbon neutralA voluntary mechanism where an activity, event, household, business or organisation is responsible for no net emissions of greenhouse gases and can therefore be declared carbon neutral in that specific area. Carbon neutrality can be achieved by reducing emissions as far as possible (e.g. energy efficiency, purchasing renewable energy) and then purchasing offsets for any residual emissions in order to achieve zero net emissions. products and services and approve abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. credits for sale on the voluntary market, including to Greenhouse Friendly™ certified product and service providers. Introduction of the Carbon Pollution Reduction SchemeAustralia's cap and trade scheme which will come in to effect in 2010. The CPRS will place a limit, or cap, on the amount of carbon pollution industry can emit and allow trading of carbon credits. It will concentrate on the biggest polluters, by placing obligations on around 1000 Australian companies in total. However it will effect all Australians through indirect price increases. (the Scheme) has implications for Greenhouse Friendly™. The Scheme will have broad sectoral coverage, which means there will be less scope to pursue offset activities with offsets limited to emissions sources uncovered by the Scheme. This means the Scheme will impact on the types of abatement that can be provided, because abatement in sectors covered by the Scheme will no longer be additional to “business as usual”. For these reasons Greenhouse Friendly™ will wind up on 1 July 2010. Greenhouse Friendly™ certification of carbon neutral products and services will continue to operate until 1 July 2010. Applications for new abatement projects have closed. Abatement may be generated by current Greenhouse Friendly™ abatement providers up to 1 July 2010, and may still be sold and purchased after that date. methodology applied by accredited assesor
Are the verified emission reductions created from this project NCOS compliant abatement?[Q36]- No
Is this project additional to Australia's commitments under Kyoto[Q37]- NoDo you forward sellThe sale of carbon offsets for emissions reductions or sequestration that have not yet occurred and therefore can not be precisely measured. abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. from this project[Q38]- Only forward sold abatementThe registry on which offsets from this project are registered[Q39]- No registry of offsets take place.The process for retiring offsets from this project off the market[Q40]- The offsets are retired concurrently at the time of purchase by our customerHow is the retirement of abatement verified to your client?[Q41]- Tax Receipt
- Certificate (with amount of abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. purchased)The ancillary or co-benefits of this project[Q42]- Conservation and biodiversity outcomes
Reforestation - Central Tasmainia | TAS

General Information
[Q22, Q25]Own Project | Native vegeation re-establishment in one of Tasmania's most endangered EVC
Price per tonne of CO2e[Q24]AU$15
Project Location(s)[Q27, Q28]Australia | TASProject Size (tonnes of CO2e)[Q29] 1,000 tonnes during the 30 year growth periodQuality
Date project started to generate verified emission reductions (VERs) / offset credits[Q31]- 1 Oct 2009Crediting period of the project (in years)[Q32]- 30 yearsAccreditation or certification achieved as at May 2010[Q33a]- Non-accredited forestry offsetsRelevant third party verification (not accreditation / certification)[Q35]- Non-accredited forestry offsets
Are the verified emission reductions created from this project NCOS compliant abatement?[Q36]- No
Is this project additional to Australia's commitments under Kyoto[Q37]- NoDo you forward sellThe sale of carbon offsets for emissions reductions or sequestration that have not yet occurred and therefore can not be precisely measured. abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. from this project[Q38]- Only forward sold abatementThe registry on which offsets from this project are registered[Q39]- No external registration takes place.The process for retiring offsets from this project off the market[Q40]- The offsets are retired concurrently at the time of purchase by our customerHow is the retirement of abatement verified to your client?[Q41]- Tax Receipt
- Certificate (with amount of abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. purchased)The ancillary or co-benefits of this project[Q42]- Habitat restoration; water quality improvements
Macedon Ranges | VIC

General Information
[Q22, Q25]Own Project | The project seeks to reinstate as far as possible the pre 1750 Ecological Vegetation Class (EVC) as determined by the Department of Sustainability and Environment, using local provenance seed. The project uses a mixture of establishment techniques, including tubestock planting and direct seeding. The carbon on the project site is secured through the use of a private forestry agreement. This project site is approximately 70 hectares in size. Carbon is calculated ex-ante, and will be sequestered over the lifetime of the project.
Price per tonne of CO2e[Q24]AU$11
Project Location(s)[Q27, Q28]Australia | VICProject Size (tonnes of CO2e)[Q29] Approximately 20,000 over the lifetime of the project.Quality
Date project started to generate verified emission reductions (VERs) / offset credits[Q31]- 1 Jan 2007Crediting period of the project (in years)[Q32]- 99 yearsAccreditation or certification achieved as at May 2010[Q33a]- Non-accredited forestry offsetsAre the verified emission reductions created from this project NCOS compliant abatement?[Q36]- No
Is this project additional to Australia's commitments under Kyoto[Q37]- NoDo you forward sellThe sale of carbon offsets for emissions reductions or sequestration that have not yet occurred and therefore can not be precisely measured. abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. from this project[Q38]- Only forward sold abatementThe registry on which offsets from this project are registered[Q39]- No external registry takes place.The process for retiring offsets from this project off the market[Q40]- The offsets are retired concurrently at the time of purchase by our customerHow is the retirement of abatement verified to your client?[Q41]- Tax Receipt
- Certificate (with amount of abatementA reduction in the amount or intensity of greenhouse gas emissions as a result of actions taken by a company or individual. purchased)The ancillary or co-benefits of this project[Q42]- The project offers significant co-benefits including the provision of biodiversity, and water quality services, reduced erosion (the site had several areas of active erosion prior to project implementation). The project also offers significant land systems benefits, reducing water infiltration in a high salinity recharge area.Contact Details
Contact Details
For more information please contact:
Bendigo Bank
www.bendigobank.com.au/generationgreen
1300 304 541
Customers can purchase Carbon Offsets from any Bendigo Bank branch across Australia.Information Submitted by Bendigo Bank in April 2010




