focus areas

Climate change

We recognise the direct impact our operations can have on the environment and the impact climate change can have on our business.  

Resource scarcity

We recognise increased competition for scarce natural resources has the potential to limit economic growth and business operations.

Natural Value

We recognise biodiversity and ecosystem services are essential to sustaining human wellbeing.

Why is this important?

Taking a strategic and sustainable approach to managing our business is not just important for the environment, it’s essential for the long-term growth and resilience of our organisation. That’s why we’re committed to understanding and managing the environmental aspects and impacts and the dependency of our business on the environment and natural capital.

What we do?

We recognise that addressing environmental challenges like climate change, resource scarcity and natural capital loss and degradation is crucial. As regulations evolve and markets change, we understand our relationships with customers, suppliers and other stakeholders, as well as our growth as an organisation, will partially depend on how we manage the environmental aspects, impacts and dependencies of our business.

Our Environmental Agenda

Our Environmental Agenda incorporates strategies covering:

  • Climate Change – we recognise the direct impact our operations can have on the environment and the impact climate change can have on our business.
  • Resource Scaracity – we recognise increased competition for scarce natural resources has the potential to constrain economic growth and affect operational costs.
  • Natural Value – we recognise biodiversity and ecosystem services are essential to sustaining human wellbeing. And we acknowledge they need to be better understood and valued appropriately, so companies can determine associated risks and opportunities.

Download our Environmental Agenda.

Our Policy

Our commitment to managing our environmental impact is guided by our Group Environmental Management Policy (PDF, 123KB) and Group Environment Reporting and Offset Management Policy (PDF, 107KB). We recognise that a sustainable approach to the way we do business isn't only good for the environment, but it also makes us more resilient as a company. It's part of our plan for long-term growth.

The Policy requirements are supported by the Environmental Reporting and Offset Management Standard Operating Procedure (PDF, 48KB).

Our environmental policies are structured so that our environmental management is aligned to the ISO14001 Environmental Management System standard, and provide a consistent framework across our business. We implement environmental management practices in each region giving due regard to differences in regulatory requirements and operating practices.


Our Group Regulatory, Compliance and Operational Risk Committee is responsible for providing governance related to our Environmental Agenda. Environmental sustainability is a core part of our business supported by environmental specialists working in our Risk, Corporate Responsibility, Capital Financing, Financial Advisory, Specialised Finance, Agribusiness, Property and Shared Services functions.

Environmental sustainability requirements are also embedded into our policies, standards and management frameworks, including our building design and operating standards, and our risk management frameworks.

Having the big conversations

We believe that business has a role to play in advocating on environmental issues.

From providing advisory services, information sessions and workshops, to taking part in consultation on policy developments and joining industry initiatives, we’re committed to engaging in meaningful conversations about environmental issues with our employees, customers, Government, industry peers, business and the broader community.

We continue to participate in government and industry consultation processes related to the development of a range of environmental policies.

For example, internationally we participate in a number of working groups as part of membership of the United Nations Environment Programme Finance Initiative (UNEP FI). We continue our participation in the UNEP FI / World Resources Institute / 2o Investing Initiative Portfolio Carbon Initiative (PCI) to develop guidance for the finance sector on carbon risk disclosure metrics. We are also the Chair of Natural Capital Declaration Working Group 3.

Through UNEP FI and Sustainable Business Australia, NAB employees attended COP 21 as observers. COP 21 was the 21st Conference of the Parties (COP) meeting of the United Nations Framework Convention on Climate Change (UNFCCC) held in Paris in December 2015.

In 2014, through involvement in the Climate Change Advisory Group of UNEP FI, we helped develop the ‘Demystifying Private Climate Finance’ report which focused on the role of private climate finance in mitigating and adapting to climate change. This was funded by the Australian and Swiss governments, and was intended to be the first in the Demystifying series of contributions to the multilateral negotiations on climate finance, the Green Climate Fund and its Private Sector Facility.

NAB Group is also a member of a range of global finance sector and industry-led initiatives, and we’re signatories to, or have committed to, a number of voluntary corporate standards and principles. You can read more about this in memberships and recognitions.

Engaging our people

Our ongoing carbon neutral commitment continues to inspire and engage our people as we work towards creating a more environmentally sustainable workplace. We’re continually working to increase the environmental awareness of our employees and embed it throughout the business.

As part of this awareness, we’ve incorporated Environmental, Social and Governance risk (ESG) into our internal risk compliance training. And we use a range of channels, like our internal social media, intranet, email updates and video, to communicate with our people about our environmental initiatives.

We also assist our employees in reducing their own environmental impact through initiatives like interest-free loans for annual public transport tickets in Australia and the UK, and employee discounts for sustainable products and services in Australia.

Across the Group, our employees are involved in a variety of environmental initiatives, like Earth Hour, tree planting, Ride To Work Day and World Environment Day events.

In Australia and New Zealand, our employees have engaged in a range of initiatives that support our Natural Value agenda.

In Asia, staff in our Hong Kong office have established an Urban Farm on the Hysan Place office rooftop.

We have set environmental targets and report annually on our progress against these annually as part of our environmental performance and in our Dig Deeper report. Aspects of our environmental performance and reporting is subject to independent assurance and third party certification.

A few pages

You might be interested in

Climate change

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. That's why we're taking action.

Resource scarcity

We’re working towards minimising waste and reducing consumption.

Natural value

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

Environmental performance

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