NAB has been named ‘Shared Value Organisation of the Year’ at the 2021 Shared Value Awards.
The Awards recognise organisations across the Asia Pacific that are using shared value to create new and innovative solutions to societal challenges.
NAB Social Impact Executive, Sasha Courville said NAB had a strong shared value history which grew from individual projects like NAB Assist and Clean Energy Finance, to now being part of the Group Strategy.
“A key objective of the long-term pillar in our Group Strategy is to drive commercial solutions to society’s biggest challenges, like climate change, affordable housing and Indigenous business,” Ms Courville said.
“As a founding and only Australian signatory to the United Nations Environment Programme Finance Initiative’s Collective Commitment to Climate Action, NAB has a goal to achieve net zero portfolio emissions by 2050. This means setting sector-specific targets to decarbonise our lending portfolio and working with customers to support their transition plans.
“NAB has also promoted strong advocacy through initiatives such as the Australian National Outlook Project, which is a partnership with CSIRO, industry and civil society organisations to promote a sustainable future. This led to NAB setting a $2 billion target to finance affordable and specialist housing by 2023.
“As a bank that’s here to serve customers well and help our communities prosper, we are honoured to be recognised for our long-term approach.”
NAB was judged across criteria including demonstrating that a variety of shared value projects and initiatives were being explored or developed, a strong focus on delivering measurable social and commercial outcomes, and clear leadership support.
NAB has received previous Shared Value awards for Shared Value Champion of the Year (Ann Sherry, 2019), and Shared Value Trailblazer of the Year (Sasha Courville, 2018).