Gender equity

Empowering women is an important element of how NAB supports our employees, serves customers well and helps the broader community prosper in an increasingly global marketplace. We’re signed up to the UN Women’s Empowerment Principles established by UN Women and the UN Global Compact Office.

Our workplace gender equity objectives

We’re focused on reducing the gender pay gap and having a 40% to 60% gender balance throughout our business, including our Board and Subsidiary Boards.

You can view our measurable objectives, approved by the Board, on our Corporate Governance website.

We’re focused on fairness

We’re committed to fair and equitable remuneration for all employees, consistent with our market and performance framework. We actively address barriers to equal pay for all genders.

Our leave options are inclusive of all genders and include (for eligible colleagues):

• 16 weeks paid parental leave, regardless of gender.
• Four weeks paid gender affirmation leave.
• 10 days paid carers leave per year.
• Pregnancy loss leave.
• Pre-natal/pre-adoption leave of up to one week.

We believe it’s important to recognise the interdependencies at play when it comes to equity. There was a reduction in the average gender pay gap to 15.1%, down from 15.8% in 2023. While the NAB pay gap is lower than WGEA’s benchmark for the banking industry at 17.6%, there is much work to do to meet our 2025 target of a less than 10% gender pay gap.

With heightened expectations for every team to implement strategies to support female representation, we continue to deliver some great initiatives, including Business and Private Bank’s 1500 Degrees Program. 1500 Degrees (the melting point of glass) is a nine-month program designed to prepare women for more senior roles. This is achieved through learning, networks, and sponsorship opportunities.

Gender pay gap reports

More information about NAB’s gender pay gap for our Australian and UK based workforce is available through these reports:

NAB’s 2024 Gender Pay Gap report (PDF, 163KB), opens in new window (Australia based workforce only)

NAB UK 2024 Gender Pay Gap Report (PDF, 206KB), opens in new window (UK based workforce only)