A Few

Key results

Certified green bond

First bank to issue a Climate Bonds Standard certified green bond.

Clean energy

Re-financed 16 onshore wind farms in the UK.

Energy equipment discount

Discounted finance for energy efficient equipment upgrades by 0.7% p.a.

Why is this important?

We know that managing the environment well is good for business. So we’re working to help our customers understand environmental risks and providing products and services (some new) to make it easier for our customers reduce their environmental impacts whilst improving their long-term profitability.

What do we do?

We are providing products and services that enable our customers to make long-term decisions that are good for the environment and their bottom line. We became an inaugural signatory to the Natural Capital Declaration – an initiative of the Natural Capital Finance Alliance – in 2011 and we are integrating consideration of environmental impacts and dependencies into how into our day-to-day risk management practices and decision-making.

The transition to a low-carbon, resource-efficient economy in which our natural assets are valued and managed sustainably will require the scaling-up of private-sector investment in clean technology applications and systems for natural capital management around the world, both in developed and developing economies. From power generation and energy efficiency measures to transport infrastructure and smart agricultural practices, significant investment in existing and new technologies will be necessary.

Mitigating climate change requires changing the way we use energy – and how we invest in energy development. Renewable energy and energy efficiency technologies promise significant potential for reducing greenhouse gas emissions and protecting the environment. Alongside measures to reduce the demand for emissions-intensive goods and services, significant stock of public and private infrastructure will also need to be replaced or modified. This provides an opportunity to invest in the technology, physical plant and equipment and infrastructure that will deliver emissions reduction outcomes.

How did we do it?

Four dedicated teams provide products and services to our customers to help them address environmental challenges or make the most of environmental opportunities.

  1. Capital Financing team, who have recognised the inherent growth in the clean energy sector, and are exploring and developing a range of financing solutions to support our customers’ needs, including providing green bonds to the market.
  2. Financial Advisory team, who advise clients on raising capital for projects in renewable energy, infrastructure, natural resources, real estate and agriculture.
  3. Specialised Finance team, who provide project finance and asset finance solutions to customers across a number of key industry sectors – specifically to larger-scale infrastructure4, energy5 and natural resource6 projects, including the financing of renewable energy.
  4. Agribusiness team, who provide specialised finance and banking solutions to our agribusiness customers across all related industries – including the first stage post-farm gate processing sector. Our team is located in every state, and is on the ground in 110 locations.

Important information

1. Amount includes new transactions and re-financing.

2. Project Finance International 2006–2016 Asia Pacific Initial Mandated Lead Arrangers League Tables – MidYear 2016 US$ Project Allocation, NAB analysis ranking against four major banks – cumulative volume as at 30 June 2016.

3. NAB has retained DNV GL to provide an independent verification statement on the compliance of the NAB Climate Bond with the Climate Bond Standard. On 7th December, 2015 DNV GL provided the annual update of the original verification statement, to reflect the ongoing compliance of NAB the Climate Bond with the Climate Bond Standard, based on the NAB Climate Bond eligible asset portfolio effective as at 1 November 2015.

4. Large-scale infrastructure includes national critical projects such as Public Private Partnerships in areas of education, health, social housing, justice, water and rail.

5. Energy projects include traditional power projects, energy distribution and transmission. Renewable projects are a key focus for the team and include such sectors as wind, solar and geothermal power.

6. Natural resource projects are arranged across selected mining and mining-related infrastructure.

A few pages

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Natural value

We’re integrating natural capital considerations into our day-to-day decision making and risk assessment processes.

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Our environmental targets, assurance and certifications help us operate more efficiently while addressing key environmental challenges.