National Australia Bank

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NAB - Environment

Welcome to our TAKE2 profile page.

We’re committed to tackling climate change. That’s why we’ve made the TAKE2 pledge. Check out the work we’ve been doing to reduce our emissions and our plans for the future.

Make the TAKE2 pledge and join us in helping keep the temperature rise under two degrees.

Our pledge

We recognise that climate change is a significant and complex challenge requiring action at all levels – local, state, national and international - and by all stakeholders. The impacts of climate change and climate-related policy are having a growing effect on our business, our customers and the communities in which we operate.

We believe the financial sector has an important role to play in assisting the transition to a low carbon economy, through both the energy we purchase directly and through financing. This transition however, needs to take place in a considered and balanced manner, supported by a stable policy environment that can underpin the transition and provide investment certainty over time.

That's why we're taking action, and have committed to:

  1. Undertake financing activities of A$55bn over the ten years to September 2025 to help address climate change and support the transition to a low carbon economy (increased from $18bn).
  2. Source 50% of NAB’s Australian electricity demand from new and additional renewable energy projects by 2025 (increased from 10% by 2018).
  3. Engage responsibly on climate policy.
  4. Report climate change information through mainstream reporting channels.
  5. Put a price on carbon and align to the UN Global Compact’s business leadership criteria on carbon pricing.
  6. Using a science-based GHG emission reduction target for our operations, aim to reduce emissions by 21% by June 2025 from a 2015 base year.

Our commitments

Our TAKE2 actions

 

    Climate change programs

     

    Climate change programs we’re involved with

    We mean business
     

    Our stories

    We recognise that environmental factors, such as climate change, are major challenges for our economy and society.

    We believe we have a key role to play in providing finance to assist the transition towards a low carbon economy. That’s why we continue to be the leading arranger (by market share) of project finance to the Australian renewable energy sector.1

    We've committed to three We Mean Business commitments and a science-based emission reduction target, as well as setting our own targets for renewable energy purchasing and clean energy financing.  Further information can be found at nab.com.au/environment.

    1 Project Finance International 2006-2016 Asia Pacific Initial Mandated Lead Arrangers League Tables - MidYear 2016 US$ Project Allocation, NAB analysis ranking against four major Australian banks - cumulative volume as at 30 June 2016.