The role NAB plays in the transition to the low-carbon economy



NAB notes the recent release of the Intergovernmental Panel on Climate Change’s Special Report on the impacts of global warming above 1.5 degrees Celsius above pre-industrial levels.

NAB’s views on climate change are clear and publicly available, including in our annual Sustainability Report and financial reports.

We support the transition to a low-carbon economy, consistent with the global agreement reached in Paris to limit global warming to less than two degrees above pre-industrial levels.

We recognise that, as a global provider of financial products, we play a key role in financing the low-carbon transition and green growth. This includes engaging responsibly and constructively in climate change policy development with our wide range of stakeholders.

We look to promote our actions and commitments in this area whenever possible. This includes participating in the United Nations Environment Program Finance Initiative pilot of Recommendations of the Taskforce on Climate-related Financial Disclosures, and the Australian National Outlook project with the CSIRO.

Through this work, and in collaboration with other organisations in climate-related research initiatives, we have developed our climate change knowledge and insight, and conducted various modelling and climate scenario testing.

In addition to supporting our customers through the low-carbon transition, we commit to working actively with our stakeholders – including the industry associations of which NAB is a member – to share our knowledge and data, and advocate for policy and actions that will limit global warming to less than two degrees.

We are also committed to ensuring that our industry associations advocate for policy aligned with this goal. To this end, we will continue to review the advocacy activities of those industry associations, and commit to relevant disclosure to shareholders. Where we identify a material misalignment, we will take this into consideration when deciding whether to renew our membership.



Related Articles

  • Economy

Ross McEwan appointed ABA Chair

Upon his appointment to Chair of the Australian Banking Association, NAB Group CEO Ross McEwan said he had three priorities for the industry.

  • 08.12.2023
  • Time to read 1 min read
  • Media Release

NAB partners with Plenti for secured auto/EVs and renewables lending

NAB has agreed to enter a strategic partnership with fintech lender Plenti Group Limited.

  • 28.11.2023
  • Time to read 1 min read
  • Superannuation

Super Funds continue to increase allocation to international assets: NAB report

Australian Superannuation Funds are edging closer to 50% allocation to international assets as they seek diversification and attractive risk-adjusted returns, according to the NAB Super Insights Report 2023.

  • 27.11.2023
  • Time to read 2 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.