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2023-03-17 00:00:00
Briefing: The role of financial institutions in decarbonising the steel sector
2023-03-09 00:00:00
Dutch bank ING supports controversial pipeline to import gas from authoritarian Azerbaijan
2023-02-23 00:00:00
Financial institutions need to address steelmaking’s coal addiction
2023-02-07 00:00:00
What COP15 means for banks: meeting the Global Biodiversity Framework requires protecting Indigenous rights and divesting from harmful industries
2023-03-20 08:50:41
Who dares to finance Eni and Exxon’s dangerous Rovuma gas plans in Mozambique?
2023-03-14 14:59:00
New ING policy could spark bank shift away from financing oil and gas infrastructure
2023-02-24 13:46:14
Pego power station conversion plans halted
2022-12-14 11:08:26
HSBC announces it will no longer finance new oil and gas fields
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2022-11-22 00:00:00
Banking on Thin Ice: Two years in the heat
2022-11-17 00:00:00
BankTrack Global Human Rights Benchmark 2022
2022-10-21 00:00:00
Burning forests in the name of clean energy? How banks are failing to exclude the harmful wood biomass industry from finance
2022-06-28 00:00:00
The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 3
2022-04-05 00:00:00
The BankTrack Human Rights Benchmark Asia
2022-03-30 00:00:00
Banking on Climate Chaos 2022
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Home › Banks ›
Bank
National Australia Bank (NAB)Australia

Active

This profile is actively maintained
Last update: 2023-02-21 15:51:40
National Australia Bank's head offices in Melbourne. Photo: Aaroncrick via Wikimedia Commons (CC BY-SA 3.0)

Active

This profile is actively maintained
Last update: 2023-02-21 15:51:40
About
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
Ownership
listed on Australian Securities Exchange

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

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.

Sustainability
Commitments
Policies
Voluntary standards

National Australia Bank's most important sustainability commitments can be found at the website sections listed below.

Links

Environment and sustainability

ESG-related credit policy and risk settings for coal, oil and gas

2022-06-30 00:00:00

Environmental management policy

Bank policy
2022-06-30 00:00:00 | NAB
2021-11-08 00:00:00

Modern slavery and human trafficking statement

Bank policy
2021-11-08 00:00:00 | NAB
2021-10-20 00:00:00

Update of financing of new coal mining projects

Bank policy
2021-10-20 00:00:00 | NAB
2021-08-31 00:00:00

Human Rights Policy

Bank policy
2021-08-31 00:00:00 | National Australia Bank
2021-02-25 00:00:00

Climate change commitments

Date listed represents date as accessed on website
Bank policy
2021-02-25 00:00:00 | NAB
2021-02-25 00:00:00

ESG Risk Management

Date listed represents date as accessed on website
Bank policy
2021-02-25 00:00:00 | NAB
2020-11-10 00:00:00

Corporate Governance Statement 2020

Bank policy
2020-11-10 00:00:00 | NAB
2020-01-13 00:00:00

Animal welfare principles

Bank policy
2020-01-13 00:00:00 | NAB
2018-04-24 00:00:00

Code of conduct

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

ESG risk principles

Bank policy
2017-12-31 00:00:00 | National Australia Bank
2017-12-31 00:00:00

Supplier sustainability principles

Bank policy
2017-12-31 00:00:00 | National Australia Bank
2016-12-30 00:00:00

Corporate responsibility policy

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

Group environmental management policy

Bank policy
2016-06-15 00:00:00 | National Australia Bank
National Australia Bank (NAB) has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Collective Commitment to Climate Action (CCCA)Tags: climate change | corporate social responsibility | United Nations
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
Global Reporting InitiativeTags: sustainable development | human rights
Natural Capital DeclarationTags: sustainable development | finance | natural resources | corporate social responsibility
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
Taskforce on Nature-related Financial Disclosures (TNFD)Tags: corporate social responsibility | finance
UNEP Finance InitiativeTags: United Nations | sustainable development
United Nations Global CompactTags: United Nations | human rights
Dodgy Deals

National Australia Bank (NAB) is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of National Australia Bank (NAB)'s link to these deals.

Campaigns

Banks and Climate

The 2022 Banking on Climate Chaos report showed that National Australia Bank provided US$ 6.61 in financing to the fossil fuel industry between 2016 and 2021. Find further details on National Australia Bank fossil fuel portfolio and how it compares to other large banks globally on Fossil Banks No Thanks and in the Banking on Climate Chaos report.

 


Banks and Human Rights

BankTrack assessed National Australia Bank in its 2022 Global Human Rights Benchmark, where it achieved 6.5 points out of 14 and was ranked as a follower. In addition, National Australia Bank scored 0 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the "Accountability" section of this profile.

Global Human Rights Benchmark 2022

BankLast update
Country
Score
Ranking
Details
National Australia Bank (NAB)
AUS
6.5
Follower
0
Australia
Score
Follower
6.5
Explanation

National Australia Bank (NAB)'s human rights policies, processes and reporting were assessed as part of the BankTrack Global Human Rights Benchmark 2022. The bank is assessed as a Follower, with a total score of 6.5 out of 14.

Policy: 3/3
Due dilligence: 2/5
Reporting: 0.5/3
Remedy: 1/3


Response Tracking:
The bank was also assessed on its responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations, for which it received an average score of 0/3. See the Response Tracking section of this profile for more details.

Explanation
Laggard
Follower
Front runner
Leader
0 - 3 points
3.5 - 6.5 points
7 - 10 points
10.5 - 14 points
For more details see this page.

Tracking the Net Zero Banking Alliance

National Australia Bank is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.

 

News
BankTrack
Partners
Blog
External
BankTrack news BankTrack blog Partner news Partner blog

NAB fails to address fossil fuel lending loopholes at 2022 AGM

2022-12-16 | Market Forces Australia
Blog
BankTrack news BankTrack blog Partner news Partner blog

New human rights assessment of banks shows slow progress and lack of action to address key gaps on reporting and remedy

BankTrack’s 2022 Global Human Rights Benchmark finds reporting at a standstill, remedy still lacking and no clear leaders
2022-11-17 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Santos announces refinancing of syndicated debt facilities

Santos announced it had executed documentation to amend and extend its two syndicated bank loan facilities totalling US$1.25 billion.
2022-08-30 | Santos
Blog
BankTrack news BankTrack blog Partner news Partner blog

New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

Repeat offenders NAB, ANZ and Westpac bankrolling “bet against the Paris Agreement”

NAB, ANZ and Westpac are among 18 global banks that have loaned to a gas processing facility that paves the way for a carbon bomb at the scale of 15 coal power stations.
2022-01-20 | Market Forces
BankTrack news BankTrack blog Partner news Partner blog

Wet’suwet’en hereditary chief takes fight against Coastal GasLink all the way to the banks

2021-12-20 | National Observer
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks failing to address severe human rights impacts transparently, finds BankTrack research

Findings reinforce the need for regulators to ensure access to effective remedy for people affected by bank finance
2021-12-14 | Nijmegen | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

New Hope Corporation doubles down on coal during farcical 2021 AGM

2021-11-19 | Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

Glasgow wrap-up: updates from banks and civil society at COP26

With COP26 behind us, it’s as clear as ever before that banks must act urgently to help achieve the goal of limiting global warming to 1.5 C.
2021-11-17 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Banks involved in financing at least 200 fossil fuel projects since Paris

BankTrack research sheds new light on finance for fossil fuels by Equator banks
2021-10-26 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

NAB targeted by Indigenous group over stake in Canadian pipeline

BankTrack quoted
2021-10-20 | The Sydney Morning Herald
Blog
BankTrack news BankTrack blog Partner news Partner blog

Wet'suwet'en chiefs demand investors and financiers of Coastal Gaslink to divest from this and all future pipeline projects

Indigenous-led campaign, endorsed by 100+ groups, urges global investors and banks to divest from and stop financing Coastal GasLink and LNG Canada
2021-10-19 | Unceded xʷməθkʷəy̓ əm, Sḵwx̱wú7mesh and səlilwətaɬ territories (Vancouver, Canada) | Gidimt
BankTrack news BankTrack blog Partner news Partner blog

Shareholders push for Australia's banks to stop fossil fuel funding

2021-10-07 | Reuters
Blog
BankTrack news BankTrack blog Partner news Partner blog

Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

210+ groups support urgent call to action
2021-09-23 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming

Civil society organizations urge banks to adopt stringent “No Go” policy for biodiversity rich areas
2021-05-26 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
BankTrack news BankTrack blog Partner news Partner blog

Climate risk sees ANZ divest from Port of Newcastle, the largest thermal coal terminal in the world

2021-02-09 | ABC News
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

NAB to review oil & gas policy after competitors commit to tighten lending to the sector

2020-09-14 | Marketforces.org.au
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Too little, too late

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

NAB, ANZ and Westpac hit with climate risk shareholder resolutions

2019-10-10 | Melbourne, Australia | Market Forces
BankTrack news BankTrack blog Partner news Partner blog

Big Australian banks face shareholder vote on coal lending

2019-10-10 | The Australian Financial Review
BankTrack news BankTrack blog Partner news Partner blog

NAB confirms new CEO Ross McEwan to start in December

2019-09-20 | The Sydney Morning Herald
BankTrack news BankTrack blog Partner news Partner blog

Ross McEwan appointed CEO of National Australia Bank

2019-07-19 | NAB press release
Blog
BankTrack news BankTrack blog Partner news Partner blog

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

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

Our Future: Clean energy a test for banks’ rehabilitation

2019-02-04 | The Advocate
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

NAB hauled over the coals at its AGM

2018-12-19 | Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

Behind banks' smokescreen

What banks aren't telling you about their 'climate ambition'
2018-12-13
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Australian inquiry slams greedy banks and regulator for rampant misconduct

2018-09-28 | Reuters
BankTrack news BankTrack blog Partner news Partner blog

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

2018-05-31 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

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

2018-05-31 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

New research: Australian banks 2ºC scorecard 2018

2018-05-31 | Melbourne | Market Forces
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

'Big four' Australian banks slammed for fossil fuel backing

2017-07-25 | Environmental Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Banks' climate change talk not yet matched by action

BankTrack quoted
2016-11-22 | The Sydney Morning Herald
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2016-02-26 | The Guardian
Blog
BankTrack news BankTrack blog Partner news Partner blog

New poll: Australians draw the line at badly behaving banks

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

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

2015-09-03 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

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

2015-09-03 | The Sydney Morning Herald
BankTrack news BankTrack blog Partner news Partner blog

When NAB ruled out funding Carmichael coal…

2015-09-02 | Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2015-08-07 | Oxfam Australia
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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

2015-06-17 | The Guardian
BankTrack news BankTrack blog Partner news Partner blog

NAB moves in the right direction on Land Grabs

2014-11-17 | Oxfam
Blog
BankTrack news BankTrack blog Partner news Partner blog

Hundreds publicly close bank accounts over fossil fuel investments

2014-10-20 | Melboune | Market Forces
BankTrack news BankTrack blog Partner news Partner blog

Australian banks face more pressure over support for coal projects

2014-07-09 | The Sydney Morning Herald
Blog
BankTrack news BankTrack blog Partner news Partner blog

Big Four Australian banks lose customers over fossil fuel gamble

2014-05-03 | Melbourne | Market Forces
BankTrack news BankTrack blog Partner news Partner blog

Customers switch banks in day of divestment

2014-05-03 | The Age
BankTrack news BankTrack blog Partner news Partner blog

Bank accounts closed in fossil fuels protest

2014-05-02 | The Sydney Morning Herald
Blog
BankTrack news BankTrack blog Partner news Partner blog

Australian banks backing companies accused of land grabs

2014-04-28 | Sydney | Oxfam Australia
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

NAB moves in the right direction on Land Grabs

2014 | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

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

2013-10-17 | Renew Economy
Blog
BankTrack news BankTrack blog Partner news Partner blog

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

2013-06-28 | Melbourne | Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

ANZ biggest gambler on dirty coal and gas exports

2013-05-31 | Melbourne | Market Forces
Blog
BankTrack news BankTrack blog Partner news Partner blog

Report triggers campaign to prevent Australian fossil fuel investment

2013-05-02 | Brisbane | Market Forces
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
BankTrack news BankTrack blog Partner news Partner blog

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
BankTrack news BankTrack blog Partner news Partner blog

Time to Improve the Equator Principles, BankTrack Says

BankTrack quoted
2011-10-24 | Washington | Social Funds
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

Financiers search for sustainable future

BankTrack quoted
2011-10-20 | Washington | Environmental Finance
BankTrack news BankTrack blog Partner news Partner blog

Big banks 'no' to coal plant

2011-05-21 | The Age
BankTrack news BankTrack blog Partner news Partner blog

Banks being urged to lend 'green'

2010-10-02 | Sydney, Australia | The Syndey morning herald
BankTrack news BankTrack blog Partner news Partner blog

Banks under scrutiny over coal funding

BankTrack quoted
2010-10-02 | Sydney, Australia | The Sydney morning herald
Blog
BankTrack news BankTrack blog Partner news Partner blog

NAB the bank with STD*

2010-09-30 | Sydney, Australia | Charles Roche
Blog
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
BankTrack news BankTrack blog Partner news Partner blog

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
Resources
Documents
Links
2023-02-21 00:00:00

Annual report 2022

Annual report
2023-02-21 00:00:00 | NAB
2023-01-27 00:00:00

Background briefing: Just 7% of global banks' energy financing goes to renewables, new data shows

BankTrack publication
2023-01-27 00:00:00 | Profundo for Sierra Club, Fair Finance International, BankTrack, Rainforest Action Network
2022-12-23 00:00:00

2022 Climate Report

Bank document
2022-12-23 00:00:00 | NAB
2022-11-17 00:00:00

BankTrack Global Human Rights Benchmark 2022

BankTrack publication
2022-11-17 00:00:00 | BankTrack
2022-07-14 00:00:00

Letter from BankTrack and Mars se Drine to National Australia Bank on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-14 00:00:00 | BankTrack and Mars se Drine
2022-06-30 00:00:00

Environmental management policy

Bank policy
2022-06-30 00:00:00 | NAB
2022-03-30 00:00:00

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
BankTrack publication
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald
2022-02-25 00:00:00

Annual report 2021

Annual report
2022-02-25 00:00:00 | NAB
2022-02-25 00:00:00

CSR Report 2021

Annual report
2022-02-25 00:00:00 | NAB
2022-02-08 00:00:00

Letter from NAB to BankTrack and Mars se Drine on Jadar mine

Correspondence
2022-02-08 00:00:00 | NAB
2021-12-14 00:00:00

Actions speak louder: Assessing bank responses to human rights violations

BankTrack publication
2021-12-14 00:00:00 | BankTrack
2021-12-13 00:00:00

Letter from BankTrack and Mars se Drine to NAB on lithium mining in Serbia’s Jadar Valley

Correspondence
2021-12-13 00:00:00 | BankTrack and Mars se Drine
2021-11-08 00:00:00

Modern slavery and human trafficking statement

Bank policy
2021-11-08 00:00:00 | NAB
2021-10-20 00:00:00

Update of financing of new coal mining projects

Bank policy
2021-10-20 00:00:00 | NAB
2021-08-31 00:00:00

Human Rights Policy

Bank policy
2021-08-31 00:00:00 | National Australia Bank
2021-06-24 00:00:00

Guidance on Biodiversity Target Setting for PRB signatories

Other document
2021-06-24 00:00:00 | UNEPFI
2021-02-25 00:00:00

Climate change commitments

Date listed represents date as accessed on website
Bank policy
2021-02-25 00:00:00 | NAB
2021-02-25 00:00:00

ESG Risk Management

Date listed represents date as accessed on website
Bank policy
2021-02-25 00:00:00 | NAB
2020-12-08 00:00:00

Collective Commitment to Climate Action - Year One in Review

Other document
2020-12-08 00:00:00 | UNEP FI Principles for Responsible Banking
2020-11-24 00:00:00

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

BankTrack publication
2020-11-24 00:00:00 | BankTrack
2020-11-10 00:00:00

Sustainability report 2020

Annual report
2020-11-10 00:00:00 | NAB
2020-11-10 00:00:00

Corporate Governance Statement 2020

Bank policy
2020-11-10 00:00:00 | NAB
2020-11-05 00:00:00

Annual report FY 2020

Annual report
2020-11-05 00:00:00 | National Australia Bank
2020-05-19 00:00:00

Annual report 2019

Annual report
2020-05-19 00:00:00 | NAB
2020-01-13 00:00:00

Animal welfare principles

Bank policy
2020-01-13 00:00:00 | NAB
2019-12-10 00:00:00

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

Correspondence
2019-12-10 00:00:00 | BankTrack
2019-11-18 00:00:00

CSR report 2019

Annual report
2019-11-18 00:00:00 | NAB
2019-09-30 00:00:00

Sustainability report 2019

Annual report
2019-09-30 00:00:00 | NAB
2019-09-19 00:00:00

Collective Commitment to Climate Action

Other document
2019-09-19 00:00:00 | UNEP FI Principles for Responsible Banking
2019-09-11 00:00:00

Letter from NAB to BankTrack on PRB implementation

Correspondence
2019-09-11 00:00:00 | NAB
2019-06-04 00:00:00

Annual report 2018

Annual report
2019-06-04 00:00:00 | NAB
2019-06-04 00:00:00

CSR report 2018

Annual report
2019-06-04 00:00:00 | NAB
2019-02-01 00:00:00

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

Other document
2019-02-01 00:00:00 | Royal Commission
2019-02-01 00:00:00

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

Other document
2019-02-01 00:00:00 | Royal Commission
2019-02-01 00:00:00

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

Other document
2019-02-01 00:00:00 | Royal Commission
2018-11-27 00:00:00

Environmental Agenda

Bank document
2018-11-27 00:00:00 | NAB
2018-11-26 00:00:00

Bankrolling the climate crisis

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

CSR report 2018

Annual report
2018-11-22 00:00:00 | National Australia Bank
2018-10-31 00:00:00

2018 Equator Principles report

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

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

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

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

NGO document
2018-05-31 00:00:00 | Market Forces
2018-04-24 00:00:00

Annual report 2017

Annual report
2018-04-24 00:00:00 | National Australia Bank
2018-04-24 00:00:00

Sustainability report 2017

Annual report
2018-04-24 00:00:00 | National Australia Bank
2018-04-24 00:00:00

Code of conduct

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

ESG risk principles

Bank policy
2017-12-31 00:00:00 | National Australia Bank
2017-12-31 00:00:00

Supplier sustainability principles

Bank policy
2017-12-31 00:00:00 | National Australia Bank
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
NGO document
2017-11-30 00:00:00 | RAN, TuK Indonesia & Profundo
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
NGO document
2017-11-30 00:00:00 | RAN, OPPUK & International Labor Rights Forum
2017-05-01 00:00:00

Dig Deeper 2016

Annual report
2017-05-01 00:00:00 | NAB
2017-04-01 00:00:00

Annual Financial Report 2016

Annual report
2017-04-01 00:00:00 | NAB
2016-12-30 00:00:00

Corporate responsibility policy

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

Group environmental management policy

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

Annual Financial Report 2015

Annual report
2016-05-01 00:00:00 | NAB
2016-04-01 00:00:00

Dig Deeper 2015

Corporate Responsibility
Annual report
2016-04-01 00:00:00 | NAB
2015-05-13 00:00:00

Annual Review 2014

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

Annual Review 2013

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

Dig Deeper 2013

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

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

NGO document
2015-02-16 00:00:00 | TuK, Profundo
2014-04-30 00:00:00

Banking on Shaky Ground

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

Financing Reef Destruction

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

Annual Financial Report 2012

Annual report
2012-12-31 00:00:00 | National Australia Bank (NAB)
2012-11-09 00:00:00

Annual Review 2012

Annual report
2012-11-09 00:00:00 | NAB
2011-04-26 00:00:00

Annual report 2010

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

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

Correspondence
2010-12-18 00:00:00 | Banktrack
2010-09-30 00:00:00

NAB the bank with STD

Other document
2010-09-30 00:00:00 | Mineral Policy Institute
2010-09-07 00:00:00

Australian banks financing coal and renewable energy

NGO document
2010-09-07 00:00:00 | Profundo for Greenpeace Australia Pacific
2010-04-27 00:00:00

Close the Gap

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

Annual Report 2009

Annual report
2009-10-28 00:00:00 | National Australia Bank Group
2009-10-28 00:00:00

Annual corporate responsibility review 2009

Annual report
2009-10-28 00:00:00 | National Australia Bank Group
2008-01-01 00:00:00

Group Whistleblower policy

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

National Australia Bank's CSR pages

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

Market Forces' campaign on Australian banks

NAB refinances the climate-wrecking Coastal GasLink pipeline

Accountability
Grievances
Response tracking

National Austrial Bank has established a grievance process whereby individuals and communities can raise concerns also regarding human rights issues. Complaints can be lodged via email at grievances@nab.com.au.

Stakeholders may also raise complaints via the OECD National Contact Points (see OECD Watch guidance).

This page evaluates National Australia Bank (NAB)'s responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
Banks and Dirty Diesel: Vitol and Trafigura (May 2017)
0
0
0
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank publicly responded stating that "we do not comment on specific clients or projects". The bank refers to its Human Rights policies, but did not comment on or respond to the substance of the issues raised.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
BankTrack Human Rights Briefing, May 2017
Rio Tinto's Jadar mine, Serbia (Letter, Dec 2021)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank's response neither acknowledges its link to the impact, nor addresses the issues raised
Action
0
Out of 1
Rationale for score
The bank does not describe any engagement with its client or approptriate action
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
Letter to financiers of Rio Tinto, December 2021

Average
100%
0
0
0
0
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