Created before Nov 2016
Last update: 2018-04-24 15:54:00
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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.
800 Bourke St W, Docklands
Victoria 3008 Melbourne
Andrew Thorburn |
Annual report 2017|
Sustainability report 2017
listed on Australian Securities Exchange
Publicly listed in Australia and overseas.
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Dodgy Deals map
Big four banks quit coal only to invest in other fossil fuels, research finds
Banking royal commission: all you need to know – so far
Report finds major banks ramped up fossil fuel financing to $115 billion in 2017
NAB knew about Austrac issues for two years, document reveals
TCFD: banks supporting better disclosure are not the ones exiting coal project finance
Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
Financing of coal industry expansion by top banks undermining Paris Agreement
New polling shows half of customers prepared to change banks over fossil fuels – as prominent Australians demand climate action
Australia's biggest banks pump billions into fossil fuels despite climate pledges
New poll: Australians draw the line at badly behaving banks
No excuse: How Australia’s big four banks can better respond to land grabs
Australian banks: New Report highlights gulf between renewable and fossil fuel financing
Australian banks 'favour fossil fuel projects over renewables by $6 to $1'
Australian and French banks target of protests on both sides of the world for investing in Australian coal projects
Sixty prominent Australians call on ‘big four’ banks to end fossil fuel investment
While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning
BankTrack to Equator Principles banks; ‘get the Outside Job done’
New rules for Equator Principles, but no new commitments from banks
BankTrack calls upon banks to Close the Gap on investment policies
Equator Principles: Action, not words needed
The human cost of conflict palm oil - revisited
Major international banks continue to finance palm oil company Indofood despite evidence of systemic labor abuses
Banking with Principles? Second Edition June 2016
Dig Deeper 2014
Voluntary initiativesNational Australia Bank (NAB) has committed itself to the following voluntary standards:
Go here for an overview of the bank's sustainability policies.
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 involved in financing the following Equator Principles projects that BankTrack considers controversial.
Liquified Natural Gas (LNG) project Papua New Guinea
Woodlark Island Kula Gold Project Papua New Guinea
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.
Implementation and reporting
National Australia Bank (NAB) is reporting on the implementation here.
Contact and complaints
Equator Principles Dodgy Deals
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.