- Challenging environment reflected in financial results
- Sustained low rate environments in Australia and New Zealand expected to impact Group NIM by ~6bps in FY21
- Subdued demand for credit until confidence returns
- Australian business system growth expected to be ~2% in FY21
- Australian housing system growth expected to be <0.5% in FY21
- COVID-19 impacts on various sectors (Aviation, Tourism, Hospitality, Entertainment, Retail Trade, Commercial Property)
- Uncertainty around economic outlook including impact of stimulus
- Falling commodity prices and potential impact from geopolitical tensions
National Australia Bank Limited
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
Renewable Energy
7%
of total energy
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2018 | 181.3K tCO2e (Scope 1 2 & 3) |
| 2016-10 to 2017-09 | 185.9K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced thermal coal mining financing by 11.4% ($87m) from FY19. Expected 50% reduction by 2026, and effectively zero by 2030
- $42.5bn cumulative progress towards environmental financing target of $70bn by 2025
- 7% of electricity use from renewable sources in FY20
- #1 Australian bank for global renewables transactions, and 20th largest lender to renewable energy industry in the world in FY20
- #1 Australian company in Corporate Knights 2020 Global 100 Most Sustainable Companies Index
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 10% by 2025
- Reduce thermal coal mining financing by 50% by 2028 to be effectively zero by 2035
📅 Medium-term
- Achieve 30% renewable energy by 2030
- Environmental financing target of $70bn by 2025
🔭 Long-term
- Net zero emissions by 2050
- Achieving a Paris Agreement aligned net zero emissions lending portfolio by 2050
🌱 ESG Focus Areas
Climate changeSustainable agricultureFinancial health and resilienceIndigenous economic participationInfrastructure and urbanisationOur peopleESG risk managementSupply chain managementHuman rights, including modern slaveryIncentivising sustainable financingOur future core business and market-leading data analyticsPartnerships that matterNatural disaster preparedness, relief and recovery