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Australia: Put your bank on notice over coal and gas

NAB Australia pdf

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Victoria Docklands headquarters (image by Decryption512 CC BY 2.5)
about NAB

The National Australia Bank Group is one of the four biggest banks of Australia. It was founded in 1982 as the National Commercial Banking Corporation of Australia Limited. The Group is structured around regional banking and wealth management operations, active in international capital markets and institutional banking business. Its subsidiaries included:

At the end of 2015 NAB controlled assets worth AUD945 billion. In its 2015 annual financial report NAB announced its strategy to exit the UK banking business and start the process of demerging Clydesdale and Yorkshire bank. The bank's focus will be on Australia and New Zealand.


ownership
listed on Australian Securities Exchange

Publicly listed in Australia and overseas.


image
headquarters
800 Bourke St W, Docklands
Victoria 3008 Melbourne
Australia
CEO/chair
Andrew Thorburn
Group CEO
 
banktrack contact

Johan Frijns, BankTrack 

voluntary initiatives:

investment policies of NAB

Go here for an overview of the bank's sustainability policies. 

ESG Risk Principles
May 13, 2015 | NAB Group
Policy from 2014
Improper land acquisition policy statement
Nov 30, 2014 | NAB
Group environmental policy
Jun 18, 2013 | NAB
Environmental policy
Jan 01, 2008 | National Australia Bank Group
Corporate responsibility policy
Jun 16, 2007 | National Australia Bank
CR policy

equator principles
NAB has adopted the Equator Principles. For more information on how NAB implements the Equator Principles go to the Equator page of NAB.

human rights
True leader Front runner Follower Laggard
BankTrack has assessed NAB on its implementation of the UN Guiding Principles on Business and Human Rights. NAB is assessed as a Laggard, with a total score of 3/12.
PolicyDue dil.ReportingRemedy
1/30.5/31/30.5/3
For more details, see Banking with Principles? 2016 update.
image
headquarters
800 Bourke St W, Docklands
Victoria 3008 Melbourne
Australia
CEO/chair
Andrew Thorburn
Group CEO
 
banktrack contact

Johan Frijns, BankTrack 

NAB and the Equator Principles

Implementation and reporting

NAB is reporting on the implementation here.


Contact and complaints

Equator Principles dodgy deals
dodgy deals on record
Liquified Natural Gas (LNG) project
Papua New Guinea
Liquified Natural Gas (LNG) is natural gas that has been chilled to liquid form, reducing it to one-six-hundredth of its original volume for transportation by ship to destinations…
Woodlark Island Kula Gold Project
Papua New Guinea
The Woodlark Island Goldmine Project mine is a proposed and approved open cut mine in the centre of Woodlark Island. The island is isolated and has a mainly subsistence population…

image
headquarters
800 Bourke St W, Docklands
Victoria 3008 Melbourne
Australia
CEO/chair
Andrew Thorburn
Group CEO
 
banktrack contact

Johan Frijns, BankTrack 

Great Barrier Reef Coal & Gas Exports
Australia
Australia is on the verge of an unprecedented coal boom. The epicentre of this expansion is the yet-to-be-developed Galilee Basin in Central Queensland. Galilee is the proposed…
Maules Creek coal mine
Australia
Whitehaven Coal's Maules Creek mine is a part thermal, part semi soft coking coal mine being developed in the Gunnedah Basin in Northern New South Wales. It would produce…
check dodgy deals on record
image
headquarters
800 Bourke St W, Docklands
Victoria 3008 Melbourne
Australia
CEO/chair
Andrew Thorburn
Group CEO
 
banktrack contact

Johan Frijns, BankTrack 

BankTrack has identified controversial issues with the companies listed below that require attention from national Australia Bank Group.

Adani
India
Adani is a large Indian resources, logistics and energy company with big expansion plans. It was founded by Indian billionaire Gautam Adani, in 1988. It has coal mining interests…
Anglo American
United Kingdom
Anglo American is a British multinational mining company headquartered in London, United Kingdom. It is the world's largest producer of platinum, with around 40% of world…
BHP Billiton
Australia
BHP Billiton is the world's largest mining company. It occupies significant positions in major commodity businesses, including aluminium, energy coal and metallurgical coal,…
Glencore
Switzerland
Glencore plc (formerly Glencore Xstrata) is an Anglo-Swiss multinational commodity trading and mining company. The company was created through a merger of Glencore with Xstrata…
Rio Tinto
Australia
Rio Tinto is a mining and exploration company involved in each stage of metal and mineral production and processing. Rio Tinto is one of the largest publicly listed mining…
Wilmar Group
Singapore
Wilmar International (WLIL.SI), founded in 1991 and headquartered in Singapore is one of the world's largest agribusinesses. It is involved in a wide range of businesses,…
check company profiles on record
image
headquarters
800 Bourke St W, Docklands
Victoria 3008 Melbourne
Australia
CEO/chair
Andrew Thorburn
Group CEO
 
banktrack contact

Johan Frijns, BankTrack 


 = dodgy deal
 = company profile
image
headquarters
800 Bourke St W, Docklands
Victoria 3008 Melbourne
Australia
CEO/chair
Andrew Thorburn
Group CEO
 
banktrack contact

Johan Frijns, BankTrack 

2016 2015 2014 2013 2012 2011 2010
image
headquarters
800 Bourke St W, Docklands
Victoria 3008 Melbourne
Australia
CEO/chair
Andrew Thorburn
Group CEO
 
banktrack contact

Johan Frijns, BankTrack 

image
headquarters
800 Bourke St W, Docklands
Victoria 3008 Melbourne
Australia
CEO/chair
Andrew Thorburn
Group CEO
 
banktrack contact

Johan Frijns, BankTrack 

ALL 2014
image
headquarters
800 Bourke St W, Docklands
Victoria 3008 Melbourne
Australia
CEO/chair
Andrew Thorburn
Group CEO
 
banktrack contact

Johan Frijns, BankTrack 

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