Reconciliation Australia elevates NAB RAP

18 March 2013

Reconciliation Australia has credited NAB with its first ever ‘Elevate’ status in recognition of the Bank’s continued commitment to its Reconciliation Action Plan (RAP).

The announcement comes ahead of NAB’s fifth annual RAP release, to be launched later this morning by NAB Group CEO Cameron Clyne.

The Elevate classification is seen as the new gold standard of RAP report benchmarking and follows the bank’s appointment of Ernst & Young to review its performance.

“I am very proud of our work with Indigenous Australia and our new ‘Elevate’ recognition from Reconciliation Australia. Our latest RAP demonstrates NAB’s transparency and commitment to this important work and our belief that all Australians should have the opportunity for a better future”, Mr. Clyne said.

In commending NAB’s commitment, Reconciliation Australia CEO Leah Armstrong said: ”NAB’s appointment of Ernst & Young to audit its RAP performance is a progressive step towards ensuring the RAP actions are delivering sustainable outcomes.”

“Reconciliation Australia is confident our people will see this as a positive step towards building trust and strengthening relationships with Aboriginal and Torres Strait Islander people,” she said.

This morning’s release will announce some of the key deliverables achieved by NAB in 2012, including:

  • More than 5,000 Indigenous Australian customers accessed a NAB microfinance (no interest) product (1,000 more than the previous year);
  • Indigenous Money Mentors have been funded to build financial literacy so that clients can better manage their finances – over 5,400 conversations with Indigenous Australians have been initiated since program inception in 2009;
  • 142 Indigenous and Torres Straight Islanders employed by NAB with concerted goals to ensure these staff move beyond traineeships and carve careers within the bank;
  • NAB has incorporated two Indigenous suppliers into its procurement processes and, since becoming a founding member of Supply Nation in 2009, has procured goods and services from nine different certified Indigenous businesses.
  • Working in partnership with the Northern Land Council, NAB has supported traditional owners in the Northern Territory to consider, assess and call for commercial proposals to create economic, social and environmental opportunities on Aboriginal land and sea.

The morning will also unveil NAB’s progressive RAP vision for 2013 and beyond.

The inaugural NAB RAP was launched in 2009 with a vision to address Indigenous disadvantage and build opportunities for Aboriginal and Torres Straight Islanders, as well as for the business. Over the past five years NAB has forged a reputation as Australia’s corporate leader in Indigenous reconciliation planning.

Media contact

Jessica Forrest M: +61 (0) 457 536 958