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By September 2010, National Australia Bank Group intends to become carbon neutral.
In Australia, NAB is responsible for more than 90% of National Australia Bank Group's total greenhouse gas emissions.
Becoming carbon neutral means reducing and neutralising the greenhouse gas emissions we generate.
We will do this through a range of energy reduction initiatives including:
- Reducing the amount of power used to run heating and cooling, light and security in our buildings as well as office equipment like computers and printers.
- Replacing 50% of our car fleet with more fuel efficient vehicles and introducing hybrid vehicles.
- Setting air travel reduction targets to further decrease emissions from business travel.
We will also acquire 10% of our electricity from accredited renewable energy sources like wind and solar power by 2010.
Carbon offsets will be purchased to cancel out emissions we cannot avoid.
A progress report titled Carbon Neutral Update (PDF, 1.3Mb), was released in April 2008 and provides a detailed overview of what the bank is doing in the Australian region to reduce its carbon footprint.
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The National Australia Bank Group web site has extensive information about our environmental commitments and reporting.
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