Share

Share

PM Tony Abbott launches NAB’s sixth Reconciliation Action Plan

The Prime Minister, the Honourable Tony Abbott, this morning launched NAB’s sixth Reconciliation Action Plan (RAP) with NAB Group CEO, Cameron Clyne, outlining NAB’s continued commitment to Indigenous Australia.

The only RAP in Australia to be independently assured by an external auditor, the document outlines NAB’s performance and targets in the areas of financial inclusion, employment, business relationships, cultural understanding and a new focus on innovation.

In 2013 NAB ensured that:
– More than 1,150 clients improved financial capability through the Indigenous Money Mentor program. A report on the program found that it created $4.20 in social value per dollar invested.
– The number of Indigenous employees at NAB increased by 13% to 161.
– 74% more Indigenous trainees were offered real jobs at NAB following their traineeship.
– The number of staff seconded to Indigenous organisations was up by 71% to 29.
– More employees received cross cultural training, increasing by 31% to 230.
– More than 15 Indigenous suppliers were engaged with NAB procurement via education sessions, direct engagement and tier 1 supplier introductions.

Cameron Clyne, NAB Group CEO said NAB has chosen for its RAP to be reviewed by EY for the second year running to ensure that its corporate Indigenous programs are effective and outcome focused.

“Corporate Australia is transparent in its promises to shareholders. We need to extend the same courtesy to Indigenous Australia if we are to play a role in addressing Indigenous disadvantage.

“This is why we have invested in having our RAP independently assured and focused on measuring the impact of our programs. We believe our promises to Indigenous Australia should be opened up to scrutiny and I would encourage other corporates to join us in this practice,” he said.

See NAB Media Release for further information.

Announcements

SEE ALL TOPICS

Related Articles

  • Full Year Results

NAB announces its 2024 Full Year Result

NAB and its customers continue to benefit from the focused execution of its strategy and a more stable operating environment, today announcing a sound Full Year result to the market.

  • 07.11.2024
  • Time to read 2 min read
  • Customers

Becoming Australia and NZ’s most customer-centric company

NAB has this week launched an evolution of its strategy, with CEO Andrew Irvine saying it’s time to raise the bar.

  • 24.10.2024
  • Time to read 1 min read
  • Business

New NAB Portal Pay to simplify and streamline property payments

NAB’s new payment platform will help reduce the complexities and administration burden traditionally associated with property sales and rental transactions.   

  • 20.09.2024
  • Time to read 3 min read

Quick links

National Australia Bank — NAB

Sometimes When The Unexpected Happens, We Realise What We Truly Value. Whether A Home, Farm, Business Or Your Passion, NAB Is Here To Support You.

Business Research and Insights

For more business news and analysis, visit NAB’s Business Research and Insights.