National Australia Bank

National Australia Bank Limited and its controlled entities (together known as the NAB Group) are a financial services organisation that provides a comprehensive and integrated range of banking and financial products and services, including wealth management. NAB Group has operations in Australia, New Zealand, the United Kingdom, the United States (US) and parts of Asia.  

“Maintaining our carbon neutral status is an important part of our strategy to reduce our contribution to the impact of climate change.”

Type of certification

Organisation.

How long have you been certified carbon neutral?

Since 2010.

Why are you carbon neutral?

NAB recognises that climate change is a significant risk and a major challenge for the global economy and society. We support the transition to a low carbon economy, consistent with the global agreement reached in Paris to limit global warming to less than 2 degrees above pre-industrial levels. Maintaining our carbon neutral status is an important part of our strategy to reduce our contribution to the impact of climate change. It also illustrates our commitment to 'lead by example' in the delivery of our Environmental Agenda.

What are the benefits of your carbon neutral certification?

Climate change is having an increasing impact on NAB's business, our customers, and the communities in which we operate. Our carbon neutral certification is an example of actions we are taking to reduce this impact. We recognise that, as a global provider of financial products, we have a key role in financing the low carbon transition. We also recognise that NAB's environmental focus is a source of pride and engagement with our employees and we provide opportunities for employees to get involved via volunteering and workplace giving.

What offset projects do you support?

The total portfolio of offsets purchased and retired to date includes offsets issued under the Australian Emissions Reduction Fund, the Gold Standard, the Verified Carbon Standard, the New Zealand Emissions Trading Scheme and the Clean Development Mechanism. Our purchased offsets have come from over 40 separate projects to date including savanna burning projects in Australia, forestry projects in Australia, New Zealand and Papua New Guinea, solar projects in China and Taiwan, wind farm projects in China and India, and a rice husk power plant in Thailand.

Why did you choose these projects?

When purchasing our offsets, we look for opportunities that deliver not only accredited and verified emissions reductions, but also provide health, education and additional social and environmental benefits and infrastructure for local communities in the areas in which the offset projects are delivered. Our current focus is on offsets from renewable energy to support the transition to a low carbon economy.

How can the community support you?

Our green term deposit allows customers to be active in addressing climate change while saving for their future.

What else are you doing to reduce emissions?

We continue to transform our building portfolio and decommission older commercial sites as we move into new energy efficiency purpose-built buildings. We have installed solar PV panels on our branches and a data centre and continue to look for improvement opportunities associated with HVAC, lighting and cooling, as well as upgrading and optimising assets within our buildings.

What has been the impact of your action?

Overall total Scope 1, 2 and 3 greenhouse gas emissions relating to energy from our Australian-based business decreased by 6 per cent in comparison to the previous environmental reporting year (1 July 2017 - 30 June 2018).

What advice would you give to a business considering certification?

If you are considering Climate Active certification you are likely already doing the hard work. Taking the next step to becoming carbon neutral certified provides comfort to your stakeholders and the general public that there is rigour around the work you're already doing. When buying offsets, consider the broader impact that the projects have on the community they're coming from. Your project selection should reflect what's important to your stakeholders - e.g. type, location, co-benefits - and this will be unique for your business.

Find out more...

Public Disclosure Statement

CERTIFICATION TYPE:
Organisation

YEAR

2019-20

PUBLICATION DATE:
2021-02-23

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Public Disclosure Statement

CERTIFICATION TYPE:
Organisation

YEAR

2018-19

PUBLICATION DATE:
2020-03-26

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Public Disclosure Statement

CERTIFICATION TYPE:
Organisation

YEAR

2017-2018

PUBLICATION DATE:
2019-11-11

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Public Disclosure Statement

CERTIFICATION TYPE:
Organisation

YEAR

2016-2017

PUBLICATION DATE:
2019-11-11

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Public Disclosure Statement

CERTIFICATION TYPE:
Organisation

YEAR

2015-2016

PUBLICATION DATE:
2019-11-11

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Public Disclosure Statement

CERTIFICATION TYPE:
Organisation

YEAR

2014-2015

PUBLICATION DATE:
2019-11-11

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Public Disclosure Statement

CERTIFICATION TYPE:
Organisation

YEAR

2013-2014

PUBLICATION DATE:
2019-11-11

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Public Disclosure Statement

CERTIFICATION TYPE:
Organisation

YEAR

2012-2013

PUBLICATION DATE:
2019-11-11

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Public Disclosure Statement

CERTIFICATION TYPE:
Organisation

YEAR

2011-2012

PUBLICATION DATE:
2019-11-11

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Public Disclosure Statement

CERTIFICATION TYPE:
Organisation

YEAR

2010-2011

PUBLICATION DATE:
2019-11-11

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