A Few

Key results

Science-based target

Set to reduce our greenhouse gas emissions by 21% from 2015 levels by 2025.  

$55b environmental financing target

Financing activities planned to help address climate change and support the transition to a low carbon economy increased to $55b by 2025.  

Why is this important?

NAB recognises that climate change is a significant risk and a major challenge for the global economy and society. We support the transition to a low carbon economy, consistent with the global agreement reached in Paris to limit global warming to less than 2 degrees above pre-industrial levels (the Paris Agreement).

The impacts of climate change and climate-related policy are having a growing effect on our business, our customers, and the communities in which we operate.

We believe we have a key role to play in providing finance to assist the low carbon transition. That’s why we continue to be the leading arranger (by market share) of project finance for renewable energy in Australia1.

A long-standing objective of our climate change strategy has been to learn by doing and then incorporate this knowledge into how we manage environment, social and governance (ESG) risks and provide products and services to assist our customers.

During the 2017 financial year, our Climate Change Working Group refreshed the NAB Group’s climate change strategy. Considerations included further opportunities to reduce our own carbon footprint, assisting customers through the low carbon transition and helping them to adapt and build resilience to the physical impacts of climate change.

Our climate change strategy therefore focuses on the following four areas:

  • Leadership commitments
  • Developing climate change knowledge and insights
  • Supporting our customers through the low-carbon transition
  • Investing in organisational capability to identify and respond to climate change risks and opportunities

For more details about our climate change strategy and governance refer to our Sustainability Report (PDF, 5.2 MB).

Download our Environmental Agenda. (PDF, 279 KB)

Important Information

1. Project Finance International 2006-2017 Asia Pacific Initial Mandated Lead Arrangers League Tables – MidYear 2017 US$ Project Allocation, NAB analysis ranking against four major Australian banks – cumulative volume as at 30 June 2017.

What do we do?

A few pages

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