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National Australia Bank (NAB)Australia
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Created before Nov 2016
Last update: 2020-05-19 11:35:54

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National Australia Bank's head offices in Melbourne. Photo: Aaroncrick via Wikimedia Commons (CC BY-SA 3.0)

About National Australia Bank (NAB)

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. 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.

Website https://www.nab.com.au/
Headquarters
800 Bourke St W, Docklands Victoria
3008 Melbourne
Australia
CEO/chair Ross McEwan
CEO
Supervisor
Reserve Bank of Australia
Annual reports Sustainability report 2020
Annual report FY 2020
Annual report 2019
Ownership
listed on Australian Securities Exchange

National Australia Bank's shareholder structure can be accessed here.

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.

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Policy Assessments

Banks, climate and energy

Bank policy scores on fossil fuel financing

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
National Australia Bank
2020-03-01
AUS
21
21
0
Australia
Profile
Laggard
21
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 21 points out of 200

3.5 points out of 120 for oil and gas policy.

17.5 points out of 80 for coal policy.

See: Banking on Climate Change - policy scores

Explanation

A bank can obtain a total of 200 policy points for its overall fossil fuel policies; 120 possible points for oil and gas policies and 80 possible points for coal policies. Based on this score banks are then classified as laggards (0-50 points), followers (50.5-100 points), front runners (100.5-150 points) or leaders (150.5-200 points).

For more details see this page.

Bank policy scores on fossil fuel expansion

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
National Australia Bank
2020-03-01
AUS
13
13
0
Australia
Profile
Laggard
13
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 13 points out of 89

1.5 points for a weak exclusion of tar sands projects: NAB prohibits financing for tar sands extraction projects, but not pipelines or transportation.

1.5 points for a weak exclusion of Arctic oil and gas projects: NAB prohibits financing for "oil and gas projects within or impacting the Arctic National Wildlife Refuge."

4 points for a moderate exclusion of coal mining projects: NAB prohibits financing for new thermal coal mining projects.

6 points for a strong exclusion of coal power projects: NAB prohibits financing for new or expanded coal-fired power plants.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-06-07 00:00:00

Climate change commitments

Date listed represents date as accessed on website
2019-06-07 00:00:00
csr policies
2019-01-01 00:00:00

ESG policy for oil and gas sector

Page seven of NAB's 2018 CSR report
2019-01-01 00:00:00
csr policies
2019-10-21 00:00:00

ESG Risk Management

Date listed represents date as accessed on website
2019-10-21 00:00:00
Explanation

The scores for a bank's policies restricting expansion of fossil fuels - in each area, prohibitions against financing projects and/or companies expanding that area - are aggregated into a fossil fuel expansion policy score.

The point-based policy ranking for fossil fuel expansion consists of the following distribution:

  • Coal mining: 14 points​
  • Coal power: 14 points
  • Other coal: 7 points
  • Tar sands: 9 points
  • Arctic oil and gas: 9 points
  • Offshore oil and gas: 9 points
  • Fracked oil and gas: 9 points
  • LNG: 9 points
  • Other oil and gas: 9 points

A bank can obtain a total of 89 policy points for its fossil fuel expansion policy. Based on this score, banks are then classified as laggards (0-22.25 points), followers (22.25-44.5 points), front runners (44.5-66.75 points) or leaders (66.75-89 points).

For more details see this page.

Bank policy scores on oil and gas financing

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
National Australia Bank
2020-03-01
AUS
3.5
3.5
0
Australia
Profile
Laggard
3.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 3.5 points out of 120

1.5 points out of 20 for tar sands policy: see here.

1.5 points out of 20 for Arctic oil and has policy: see here.

0.5 point out of 20 for other/conventional oil and gas: see here.

See: Banking on Climate Change - policy scores

Explanation

For each of the six subsectors, 20 possible policy points can be obtained, so a bank can obtain a total of 120 policy points for its oil and gas policies. Based on this score banks are then classified as laggards (0-30 points), followers (30.5-60 points), front runners (60.5-90 points) or leaders (90.5-120 points).

For more details see this page.

Bank policy scores on tar sands

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
National Australia Bank
2020-03-01
AUS
1.5
1.5
0
Australia
Profile
Laggard
1.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 1.5 points out of 20

1.5 points for a weak exclusion of tar sands projects: NAB prohibits financing for tar sands extraction projects, but not pipelines or transportation.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-01-01 00:00:00

ESG policy for oil and gas sector

Page seven of NAB's 2018 CSR report
2019-01-01 00:00:00
Explanation

The point-based policy ranking above assesses bank policies in four ways:

 1) Restriction on direct financing for tar sands projects.

  • None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)

2) Restriction on financing for companies that expand tar sands.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for tar sands.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in tar sands above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its tar sands policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points). 

For more details see this page.

Bank policy scores on Arctic oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
National Australia Bank
2020-03-01
AUS
1.5
1.5
0
Australia
Profile
Laggard
1.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 1.5 points out of 20

1.5 points for a weak exclusion of Arctic oil and gas projects: NAB prohibits financing for "oil and gas projects within or impacting the Arctic National Wildlife Refuge."

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-01-01 00:00:00

ESG policy for oil and gas sector

Page seven of NAB's 2018 CSR report
2019-01-01 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for Arctic oil and gas projects.

  • None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)

2) Restriction on financing for companies that expand Arctic oil and gas. 

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for Arctic oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in Arctic oil and gas above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its Arctic oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on offshore oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
National Australia Bank
2020-03-01
AUS
0
0
0
Australia
Profile
Laggard
0
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 20

See: Banking on Climate Change - policy scores

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for offshore oil and gas projects.

  • None (0), weak exclusion (1.5), strong exclusion (4)

2) Restriction on financing for companies that expand offshore oil and gas.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for offshore oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in offshore oil and gas above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its offshore oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on fracked oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
National Australia Bank
2020-03-01
AUS
0
0
0
Australia
Profile
Laggard
0
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 20

See: Banking on Climate Change - policy scores

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for fracked oil and gas projects.

  • None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)

2) Restriction on financing for companies that expand oil and gas fracking.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for oil and gas fracking.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in oil and gas fracking above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its fracking policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on LNG

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
National Australia Bank
2020-03-01
AUS
0
0
0
Australia
Profile
Laggard
0
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 20

See: Banking on Climate Change - policy scores

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for LNG projects.

  • None (0), weak exclusion (1.5), strong exclusion (4)

2) Restriction on financing for companies that expand LNG.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for LNG.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in LNG above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its LNG policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on other/conventional oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
National Australia Bank
2020-03-01
AUS
0.5
0.5
0
Australia
Profile
Laggard
0.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0.5 point out of 20

0.5 point for enhanced due diligence/Equator Principles commitment regarding other/conventional oil and gas companies: NAB is a signatory to the Equator Principles.

See: Banking on Climate Change - policy scores

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for other/conventional oil and gas projects.

  • None (0), weak exclusion (1.5), strong exclusion (4)

2) Restriction on financing for companies that expand other/conventional oil and gas. 

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for other/conventional oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in other/conventional oil and gas above a certain threshold.

  • None (0), enhanced due diligence/Equator Principles commitment (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its other/conventional oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on coal financing

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
National Australia Bank
2020-03-01
AUS
17.5
17.5
0
Australia
Profile
Laggard
17.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 17.5 points out of 80

11 points out of 32 for coal mining policy: see here.

6.5 points out of 32 for coal power policy: see here.

See: Banking on Climate Change - policy scores

Explanation

For both coal mining and coal power, 32 possible policy points can be obtained, while for other coal,16 possible policy points can be obtained. So a bank can obtain a total of 80 policy points for its coal policies. Based on this score banks are then classified as laggards (0-20 points), followers (20.5-40 points), front runners (40.5-60 points) or leaders (60.5-80 points).

For more details see this page.

Bank policy scores on coal mining

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
National Australia Bank
2020-03-01
AUS
11
11
0
Australia
Profile
Laggard
Follower
11
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 11 points out of 32

4 points for a moderate exclusion of coal mining projects: NAB prohibits financing for new thermal coal mining projects.

4 points for a weak phase-out commitment regarding coal mining companies: NAB commits to its thermal coal mining financing to be effectively zero by 2035.

3 points for a weak exclusion threshold for coal mining companies: NAB prohibits new thermal coal mining clients.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-10-21 00:00:00

ESG Risk Management

Date listed represents date as accessed on website
2019-10-21 00:00:00
csr policies
2019-06-07 00:00:00

Climate change commitments

Date listed represents date as accessed on website
2019-06-07 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal mining projects.

  • None (0), mountaintop removal mining exclusion (0.5), weak exclusion (2), moderate exclusion (4), strong exclusion (6)

2) Restriction on financing for companies that expand coal mining.

  • None (0), weak exclusion (4), strong exclusion (8)

3) The bank’s commitment to phase-out financing for coal mining.

  • None (0), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)

4) The bank’s commitment to exclude companies active in coal mining above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)

A bank can obtain a total of 32 policy points for its coal mining policy. Based on this score banks are then classified as laggards (0-8 points), followers (8.5-16 points), front runners (16.5-24 points) or leaders (24.5-32 points).

For more details see this page.

Bank policy scores on coal power

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
National Australia Bank
2020-03-01
AUS
6.5
6.5
0
Australia
Profile
Laggard
6.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 6.5 points out of 32

6 points for a strong exclusion of coal power projects: NAB prohibits financing for new or expanded coal-fired power plants.

0.5 point for enhanced due diligence regarding coal power companies: NAB conducts enhanced due diligence for coal power clients.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-10-21 00:00:00

ESG Risk Management

Date listed represents date as accessed on website
2019-10-21 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal power projects.

  • None (0), weak exclusion (2), moderate exclusion (4), strong exclusion (6)

2) Restriction on financing for companies that expand coal power.

  • None (0), weak exclusion (4), strong exclusion (8)

3) The bank’s commitment to phase-out financing for coal power.

  • None (0), proportional reduction (1), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)

4) The bank’s commitment to exclude companies active in coal power above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)

A bank can obtain a total of 32 policy points for its coal power policy. Based on this score banks are then classified as laggards (0-8 points), followers (8.5-16 points), front runners (16.5-24 points) or leaders (24.5-32 points).

For more details see this page.

Bank policy scores on coal infrastructure

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
National Australia Bank
2020-03-01
AUS
0
0
0
Australia
Profile
Laggard
0
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 20

See: Banking on Climate Change - policy scores

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal infrastructure projects.

  • None (0), weak exclusion (1), strong exclusion (3)

2) Restriction on financing for companies that expand coal infrastructure.

  • None (0), weak exclusion (2), strong exclusion (4)

3) The bank’s commitment to phase-out financing for coal infrastructure.

  • None (0), exposure reduction (1), weak phase-out (2), strong phase-out (4)

4) The bank’s commitment to exclude companies active in coal infrastructure above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (4), full exclusion (5)

A bank can obtain a total of 16 policy points for its coal infrastructure policy. Based on this score banks are then classified as laggards (0-4 points), followers (4.5-8 points), front runners (8.5-12 points) or leaders (12.5-16 points)

For more details see this page.

Banks and human rights

BankTrack Human Rights Benchmark 2019

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
National Australia Bank (NAB)
AUS
100
Australia
Laggard
Follower
Front runner
Leader
Explanation

National Australia Bank (NAB)'s human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark in November 2019. The bank is assessed as a Front runner, with a total score of 6.5 out of 14.

Policy: 3/3
Due dilligence: 1/5
Reporting: 1/3
Remedy: 1.5/3

For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

Equator Banks fail communities on consultation and grievance mechanisms, new study finds

BankTrack research into nine projects financed ‘under Equator’ finds routine failures to conduct proper community consultation and a lack of effective project-level grievance mechanisms
2020-11-24 | Nijmegen | BankTrack
blog
external news
our news

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
blog
external news
our news

Equator Principles requirements missing for most projects, finds new BankTrack study

Research into 37 projects financed 'under Equator' finds project-level grievance mechanisms or stakeholder engagement processes cannot be evidenced in 65% of cases
2020-08-11 | BankTrack
blog
external news
our news

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
blog
external news
our news

Too little, too late

National Australia Bank’s new climate policy an exercise in greenwash
2019-11-15 | Market Forces
blog
external news
our news

NAB, ANZ and Westpac hit with climate risk shareholder resolutions

2019-10-10 | Melbourne, Australia | Market Forces
blog
external news
our news

Big Australian banks face shareholder vote on coal lending

2019-10-10 | The Australian Financial Review
blog
external news
our news

NAB confirms new CEO Ross McEwan to start in December

2019-09-20 | The Sydney Morning Herald
blog
external news
our news

Ross McEwan appointed CEO of National Australia Bank

2019-07-19 | NAB press release
blog
external news
our news

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
blog
external news
our news

Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
blog
external news
our news

Our Future: Clean energy a test for banks’ rehabilitation

2019-02-04 | The Advocate
blog
external news
our news

Banks massively financing fossil fuels unclear about future of ... fossil fuels

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen
blog
external news
our news

NAB hauled over the coals at its AGM

2018-12-19 | Market Forces
blog
external news
our news

Behind banks' smokescreen

What banks aren't telling you about their 'climate ambition'
2018-12-13
blog
external news
our news

Principles must bring commitments

Banks endorsing draft Principles for Responsible Banking called upon to urgently act on what they sign
2018-11-26 | Paris | BankTrack
blog
external news
our news

Australian inquiry slams greedy banks and regulator for rampant misconduct

2018-09-28 | Reuters
blog
external news
our news

Big four banks quit coal only to invest in other fossil fuels, research finds

2018-05-31 | The Guardian
blog
external news
our news

Big four banks quit coal only to invest in other fossil fuels, research finds

2018-05-31 | The Guardian
blog
external news
our news

New research: Australian banks 2ºC scorecard 2018

2018-05-31 | Melbourne | Market Forces
blog
external news
our news

Banking royal commission: all you need to know – so far

The inquiry into banks and financial services firms has revealed malpractice that in some cases has ruined lives
2018-04-19 | The Guardian
blog
external news
our news

Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

Despite 2017 being the costliest year on record for weather disasters, new report reveals that banks increased extreme fossil fuel financing last year, led by a more than doubling in lending to tar sands companies and pipelines.
2018-03-28 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

NAB knew about Austrac issues for two years, document reveals

NAB non-compliance with anti money laundering laws
2018-03-27 | Sidney Morning Herald
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
2017-07-31 | Ryan Brightwell – BankTrack, Yann Louvel – BankTrack
blog
external news
our news

'Big four' Australian banks slammed for fossil fuel backing

2017-07-25 | Environmental Finance
blog
external news
our news

Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing

- Oil traders Trafigura and Vitol received over $100 billion in loans since 2012
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
2017-05-23 | Nijmegen | BankTrack
blog
external news
our news

Banks' climate change talk not yet matched by action

2016-11-22 | The Sydney Morning Herald
blog
external news
our news

Financing of coal industry expansion by top banks undermining Paris Agreement

2016-11-14 | Marrakech, Morocco | BankTrack, Friends of the Earth France, Market Forces, Rainforest Action Network, urgewald
blog
external news
our news

New polling shows half of customers prepared to change banks over fossil fuels – as prominent Australians demand climate action

2016-09-15 | Melbourne | Market Forces
blog
external news
our news

Australia's biggest banks pump billions into fossil fuels despite climate pledges

2016-02-26 | The Guardian
blog
external news
our news

New poll: Australians draw the line at badly behaving banks

Oxfam Australia release "Still Banking on Land Grabs"
2016-02-15 | Melbourne | Oxfam Australia
blog
external news
our news

NAB rules out funding Adani's Carmichael mine as buyer LG pulls out

2015-09-03 | The Guardian
blog
external news
our news

National Australia Bank rules out funding Adani's Carmichael coal mine

2015-09-03 | The Sydney Morning Herald
blog
external news
our news

When NAB ruled out funding Carmichael coal…

2015-09-02 | Market Forces
blog
external news
our news

No excuse: How Australia’s big four banks can better respond to land grabs

2015-08-07 | Oxfam Australia
blog
external news
our news

Australian banks: New Report highlights gulf between renewable and fossil fuel financing

ANZ confirmed as Australia’s biggest fossil fuel lender
2015-06-18 | Melbourne | Market Forces
blog
external news
our news

Australian banks 'favour fossil fuel projects over renewables by $6 to $1'

2015-06-17 | The Guardian
blog
external news
our news

NAB moves in the right direction on Land Grabs

2014-11-17 | Oxfam
blog
external news
our news

Hundreds publicly close bank accounts over fossil fuel investments

2014-10-20 | Melboune | Market Forces
blog
external news
our news

Australian banks face more pressure over support for coal projects

2014-07-09 | The Sydney Morning Herald
blog
external news
our news

Big Four Australian banks lose customers over fossil fuel gamble

2014-05-03 | Melbourne | Market Forces
blog
external news
our news

Customers switch banks in day of divestment

2014-05-03 | The Age
blog
external news
our news

Bank accounts closed in fossil fuels protest

2014-05-02 | The Sydney Morning Herald
blog
external news
our news

Australian banks backing companies accused of land grabs

2014-04-28 | Sydney | Oxfam Australia
blog
external news
our news

Australian and French banks target of protests on both sides of the world for investing in Australian coal projects

2014-02-26 | Melbourne and Paris | Market Forces and Les Amis de la Terre
blog
external news
our news

Stranded assets, anyone? Testing times for the fossil fuel market

2013-10-17 | Renew Economy
blog
external news
our news

Sixty prominent Australians call on ‘big four’ banks to end fossil fuel investment

2013-06-28 | Melbourne | Market Forces
blog
external news
our news

ANZ biggest gambler on dirty coal and gas exports

2013-05-31 | Melbourne | Market Forces
blog
external news
our news

Report triggers campaign to prevent Australian fossil fuel investment

2013-05-02 | Brisbane | Market Forces
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
blog
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

Big banks 'no' to coal plant

2011-05-21 | The Age
blog
external news
our news

Banks being urged to lend 'green'

2010-10-02 | Sydney, Australia | The Syndey morning herald
blog
external news
our news

Banks under scrutiny over coal funding

2010-10-02 | Sydney, Australia | The Sydney morning herald
blog
external news
our news

NAB the bank with STD*

2010-09-30 | Sydney, Australia | Charles Roche
blog
external news
our news

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack

Documents

Type:
Year:
our publications
2020-11-24 00:00:00

"Trust Us, We're Equator Banks": Part II

2020-11-24 00:00:00 | BankTrack
annual reports
2020-11-10 00:00:00

Sustainability report 2020

2020-11-10 00:00:00 | NAB
annual reports
2020-11-05 00:00:00

Annual report FY 2020

2020-11-05 00:00:00 | National Australia Bank
annual reports
2020-05-19 00:00:00

Annual report 2019

2020-05-19 00:00:00 | NAB
csr policies
2020-01-13 00:00:00

Animal welfare principles

2020-01-13 00:00:00 | NAB
correspondence
2019-12-10 00:00:00

Letter from BankTrack to NAB on the bank's progress on its fossil fuel finance since COP24

2019-12-10 00:00:00 | BankTrack
csr policies
2019-11-30 00:00:00

Human rights policy

2019-11-30 00:00:00 | NAB
annual reports
2019-11-18 00:00:00

CSR report 2019

2019-11-18 00:00:00 | NAB
csr policies
2019-10-21 00:00:00

ESG Risk Management

Date listed represents date as accessed on website
2019-10-21 00:00:00 | NAB
correspondence
2019-09-11 00:00:00

Letter from NAB to BankTrack on PRB implementation

2019-09-11 00:00:00 | NAB
csr policies
2019-06-07 00:00:00

Climate change commitments

Date listed represents date as accessed on website
2019-06-07 00:00:00 | NAB
annual reports
2019-06-04 00:00:00

Annual report 2018

2019-06-04 00:00:00 | NAB
annual reports
2019-06-04 00:00:00

CSR report 2018

2019-06-04 00:00:00 | NAB
other documents
2019-02-01 00:00:00

Final Report Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry-1

2019-02-01 00:00:00 | Royal Commission
other documents
2019-02-01 00:00:00

Final Report Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry-2

2019-02-01 00:00:00 | Royal Commission
other documents
2019-02-01 00:00:00

Final Report Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry-3

2019-02-01 00:00:00 | Royal Commission
csr policies
2019-01-01 00:00:00

ESG policy for oil and gas sector

Page seven of NAB's 2018 CSR report
2019-01-01 00:00:00 | NAB
our publications
2018-11-30 00:00:00

Group Human Rights Policy

2018-11-30 00:00:00 | National Australia Bank
ngo documents
2018-11-26 00:00:00

Bankrolling the climate crisis

Aotearoa’s financial ties to the fossil fuel industry
2018-11-26 00:00:00 | 350.org New Zealand
annual reports
2018-11-22 00:00:00

CSR report 2018

2018-11-22 00:00:00 | National Australia Bank
bank documents
2018-10-31 00:00:00

2018 Equator Principles report

2018-10-31 00:00:00 | National Australia Bank
csr policies
2018-10-31 00:00:00

Modern slavery and human trafficking statement

2018-10-31 00:00:00 | National Australia Bank
correspondence
2018-10-16 00:00:00

Letter from BankTrack and 120 organisations to NAB on Demands FBNT campaign

2018-10-16 00:00:00 | BankTrack and 120 organisations
ngo documents
2018-05-31 00:00:00

2° Scorecard - Are Australia's big four banks living up to their climate commitments?

2018-05-31 00:00:00 | Market Forces
annual reports
2018-04-24 00:00:00

Annual report 2017

2018-04-24 00:00:00 | National Australia Bank
annual reports
2018-04-24 00:00:00

Sustainability report 2017

2018-04-24 00:00:00 | National Australia Bank
csr policies
2018-04-24 00:00:00

Code of conduct

2018-04-24 00:00:00 | National Australia Bank
csr policies
2017-12-31 00:00:00

ESG risk principles

2017-12-31 00:00:00 | National Australia Bank
csr policies
2017-12-31 00:00:00

Supplier sustainability principles

2017-12-31 00:00:00 | National Australia Bank
csr policies
2017-12-14 00:00:00

Update of financing of new coal mining projects

2017-12-14 00:00:00 | NAB
ngo documents
2017-11-30 00:00:00

Major international banks continue to finance palm oil company Indofood despite evidence of systemic labor abuses

Forest & Finance Briefing
2017-11-30 00:00:00 | RAN, TuK Indonesia & Profundo
ngo documents
2017-11-30 00:00:00

The human cost of conflict palm oil - revisited

How PepsiCo, Banks and the Roundtable on Sustainable Palm Oil perpetuate Indofood's worker exploitation
2017-11-30 00:00:00 | RAN, OPPUK & International Labor Rights Forum
annual reports
2017-05-01 00:00:00

Dig Deeper 2016

2017-05-01 00:00:00 | NAB
annual reports
2017-04-01 00:00:00

Annual Financial Report 2016

2017-04-01 00:00:00 | NAB
csr policies
2016-12-30 00:00:00

CSR policy 2017

2016-12-30 00:00:00 | National Australia Bank
our publications
2016-06-30 00:00:00

Banking with Principles? Second Edition June 2016

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2016-06-30 00:00:00 | BankTrack
csr policies
2016-06-15 00:00:00

Group environmental management policy

2016-06-15 00:00:00 | National Australia Bank
annual reports
2016-05-01 00:00:00

Annual Financial Report 2015

2016-05-01 00:00:00 | NAB
annual reports
2016-04-01 00:00:00

Dig Deeper 2015

Corporate Responsibility
2016-04-01 00:00:00 | NAB
annual reports
2015-05-13 00:00:00

Annual Review 2014

(Integrated annual report)
2015-05-13 00:00:00 | NAB
annual reports
2015-05-13 00:00:00

Dig Deeper 2014

NAB's 2014 Dig Deeper paper delves into NAB's Corporate Responsibility performance over the past year.
2015-05-13 00:00:00 | NAB
annual reports
2015-05-13 00:00:00

Annual Review 2013

(Integrated Annual Report 2013)
2015-05-13 00:00:00 | NAB
annual reports
2015-05-13 00:00:00

Dig Deeper 2013

Read about our approach to Corporate Responsibility
2015-05-13 00:00:00 | NAB
ngo documents
2015-02-16 00:00:00

Kuasa Taipan Kelapa sawit di Indonesia

in Bahasa Indonesia
2015-02-16 00:00:00 | TuK, Profundo
ngo documents
2015-02-16 00:00:00

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

2015-02-16 00:00:00 | TuK, Profundo
csr policies
2014-11-24 00:00:00

Improper land acquisition policy statement

2014-11-24 00:00:00 | NAB
ngo documents
2014-04-30 00:00:00

Banking on Shaky Ground

Australia's big four banks and land grabs
2014-04-30 00:00:00 | Oxfam
ngo documents
2013-05-02 00:00:00

Financing Reef Destruction

How banks are using our money to destroy a natural icon
2013-05-02 00:00:00 | Market Forces
annual reports
2012-12-31 00:00:00

Annual Financial Report 2012

2012-12-31 00:00:00 | National Australia Bank (NAB)
annual reports
2012-11-09 00:00:00

Annual Review 2012

2012-11-09 00:00:00 | NAB
annual reports
2011-04-26 00:00:00

Annual report 2010

2011-04-26 00:00:00 | National Australia Bank
correspondence
2010-12-18 00:00:00

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

2010-12-18 00:00:00 | Banktrack
other documents
2010-09-30 00:00:00

NAB the bank with STD

2010-09-30 00:00:00 | Mineral Policy Institute
ngo documents
2010-09-07 00:00:00

Australian banks financing coal and renewable energy

2010-09-07 00:00:00 | Profundo for Greenpeace Australia Pacific
our publications
2010-04-27 00:00:00

Close the Gap

Benchmarking investment policies of international banks
2010-04-27 00:00:00 | BankTrack
annual reports
2009-10-28 00:00:00

Annual Report 2009

2009-10-28 00:00:00 | National Australia Bank Group
annual reports
2009-10-28 00:00:00

Annual corporate responsibility review 2009

2009-10-28 00:00:00 | National Australia Bank Group
bank documents
2008-01-01 00:00:00

Group Whistleblower policy

2008-01-01 00:00:00 | National Australia Bank Group

Links

Market Forces interactive map of coal and gas exports projects in Australia

http://www.marketforces.org.au/banks/map/

Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry

https://financialservices.royalcommission.gov.au/Pages/default.aspx

National Australia Bank's CSR pages

https://www.nab.com.au/about-us/corporate-responsibility

Policies

Voluntary initiatives

National Australia Bank (NAB) has committed itself to the following voluntary standards:
  • Carbon Disclosure Project
  • Collective Commitment to Climate Action (CCCA)
  • Equator Principles
  • Global Reporting Initiative
  • Natural Capital Declaration
  • Principles for Responsible Banking (PRB)
  • Task Force on Climate-related Financial Disclosures
  • UNEP Finance Initiative
  • United Nations Global Compact

Investment policies

National Australia Bank's web page on corporate social responsibility can be accessed here.

Year:
csr policies
2020-01-13 00:00:00

Animal welfare principles

2020-01-13 00:00:00 | NAB
csr policies
2019-11-30 00:00:00

Human rights policy

2019-11-30 00:00:00 | NAB
csr policies
2019-10-21 00:00:00

ESG Risk Management

Date listed represents date as accessed on website
2019-10-21 00:00:00 | NAB
csr policies
2019-06-07 00:00:00

Climate change commitments

Date listed represents date as accessed on website
2019-06-07 00:00:00 | NAB
csr policies
2019-01-01 00:00:00

ESG policy for oil and gas sector

Page seven of NAB's 2018 CSR report
2019-01-01 00:00:00 | NAB
csr policies
2018-10-31 00:00:00

Modern slavery and human trafficking statement

2018-10-31 00:00:00 | National Australia Bank
csr policies
2018-04-24 00:00:00

Code of conduct

2018-04-24 00:00:00 | National Australia Bank
csr policies
2017-12-31 00:00:00

ESG risk principles

2017-12-31 00:00:00 | National Australia Bank
csr policies
2017-12-31 00:00:00

Supplier sustainability principles

2017-12-31 00:00:00 | National Australia Bank
csr policies
2017-12-14 00:00:00

Update of financing of new coal mining projects

2017-12-14 00:00:00 | NAB
csr policies
2016-12-30 00:00:00

CSR policy 2017

2016-12-30 00:00:00 | National Australia Bank
csr policies
2016-06-15 00:00:00

Group environmental management policy

2016-06-15 00:00:00 | National Australia Bank
csr policies
2014-11-24 00:00:00

Improper land acquisition policy statement

2014-11-24 00:00:00 | NAB

Equator Principles

Implementation and reporting

National Australia Bank (NAB) is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

active

Coastal GasLink pipeline Canada

Pipeline Transportation of Natural Gas
on record

Liquified Natural Gas (LNG) project Papua New Guinea

Oil and Gas Extraction
on record

Woodlark Island Kula Gold Project Papua New Guinea

Mining

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…
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