blog
external news
our news
TCFD: banks supporting better disclosure are not the ones exiting coal project finance
Bank support for FSB Task Force recommendations is welcome, but reveals lack of joined-up thinking
National Australia Bank (NAB)Australia
Active
This profile is actively maintainedSend feedback on this profile
Download as PDF
BankTrack
Created before Nov 2016
Last update: 2017-05-19 11:53:38
Johan Frijns, BankTrack
Share this page:
About
The National Australia Bank Group is one of the four biggest banks in 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 include MLC and Bank of New Zealand.
At the end of 2016 NAB controlled assets worth AUD778 billion. In 2016 it divested its UK subsidiary Clydesdale and Yorkshire Banking Group, following the 2015 sale of its US subsidiary Great Western Bank, as part of a process of refocusing on its core markets of Australia and New Zealand.
| Headquarters |
800 Bourke St W, Docklands
Victoria 3008 Melbourne
Australia
|
| Supervisor | |
| CEO/chair |
Andrew Thorburn Group CEO |
| Annual reports |
Dig Deeper 2016 Annual Financial Report 2016 |
| Website | https://www.nab.com.au/ |
| Ownership |
listed on Australian Securities Exchange
Publicly listed in Australia and overseas. |
Related Dodgy Deals
National Australia Bank (NAB) has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.
|
|
|
|
|
|
Type:
Projects
Active
Great Barrier Reef Coal & Gas Exports Australia
Active
Maules Creek coal mine Australia
There are no projects active for National Australia Bank (NAB) now.
Companies
Active
Trafigura Singapore
Active
Vitol Switzerland
There are no companies active for National Australia Bank (NAB) now.
Dodgy Deals map
Show:
Select sectors:
News
|
|
Type:
Year:
Documents
|
|
|
|
|
|
|
|
|
|
|
|
Type:
Year:
Links
Policies
Voluntary initiatives
National Australia Bank (NAB) has committed itself to the following voluntary standards:Investment policies
Go here for an overview of the bank's sustainability policies.
Issues
National Australia Bank (NAB) and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. National Australia Bank (NAB) adopted the Equator Principles in 2007.
Reporting on the Equator Principles
National Australia Bank (NAB) must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- National Australia Bank (NAB) is in compliance with its reporting obligations. The 2016 report can be found here.
Dodgy Deals
National Australia Bank (NAB) is involved in financing the following Equator Principles projects that BankTrack considers controversial.
There are no projects active for National Australia Bank (NAB) now.
On record
Liquified Natural Gas (LNG) project Papua New Guinea
On record
Woodlark Island Kula Gold Project Papua New Guinea
Human rights
|
True leader
Front runner
Follower
Laggard
|
BankTrack has assessed National Australia Bank (NAB) on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. National Australia Bank (NAB) is assessed as a Laggard, with a total score of 3/12.
|
Equator Principles
Implementation and reporting
National Australia Bank (NAB) is reporting on the implementation here.
Contact and complaints
Equator Principles Dodgy Deals
Good moves
Year:
2014
NAB moves in the right direction on Land Grabs
In November Oxfam congratulated National Australia Bank on taking a significant step forward in playing their part to stop unfair land deals that leave people around the world homeless and hungry. The NAB took the step of releasing a policy on improper land acquisitions which clearly outlines what actions the bank will take to seek to ensure their business dealings respect land rights. Read the Oxfam Australia news story.