We're committed to understanding and managing the impacts and dependencies of our business on the environment.
We’re proud to have been the first bank in the world to issue a Climate Bonds Standard certified green bond. The Climate Bonds Standard is a benchmark that assists investors in prioritising investments that finance climate change solutions.
In December 2014 NAB issued a green bond in the domestic market, raising AUD300 million, which was ring-fenced for financing a portfolio of renewable energy assets including wind farms and solar energy facilities in Victoria, South Australia, Tasmania, Western Australia, NSW and the ACT.
Not only was this the first bank-issued bond to be certified in compliance with international Climate Bonds Standard, it was the first time an Australian issuer had brought a 'green bond' to the local market.
In February 2017 NAB issued its second green bond, and the first offshore green bond by an Australian bank, raising EUR500m for financing a portfolio of wind farms and solar energy facilities in the UK and Europe, plus electrified rail infrastructure in the UK and Australia.