National Australia Bank (NAB) Australia

Active This profile is actively maintained Send feedback on this profile

Created before Nov 2016 Last update: Feb 25 2021

About National Australia Bank (NAB) The National Australia Bank Group is one of the four biggest banks in Australia. It was founded in 1982 as the National Commercial Banking Corporation of Australia Limited. The Group is structured around regional banking and wealth management operations, active in international capital markets and institutional banking business. Its subsidiaries include MLC and Bank of New Zealand. In 2016 it divested its UK subsidiary Clydesdale and Yorkshire Banking Group, following the 2015 sale of its US subsidiary Great Western Bank, as part of a process of refocusing on its core markets of Australia and New Zealand.

Website https://www.nab.com.au/

Headquarters 800 Bourke St W, Docklands Victoria 3008 Melbourne Australia

CEO/chair Ross McEwan CEO

Supervisor Reserve Bank of Australia

Annual Sustainability report 2020 Annual report FY 2020 reports Annual report 2019

Ownership listed on Australian Securities Exchange National Australia Bank's shareholder structure can be accessed here.

Complaints National Australia Bank does not operate a complaints channel for individuals and communities that may be adversely and affected by its finance. The bank sets out channels for general complaints here. grievances Stakeholders may also raise complaints via the OECD National Contact Points (see OECD Watch guidance).

Sustainability

Voluntary standards National Australia Bank (NAB) has committed itself to the following voluntary standards: Carbon Disclosure Project Collective Commitment to Climate Action (CCCA) Equator Principles Global Reporting Initiative Natural Capital Declaration Principles for Responsible Banking (PRB) Task Force on Climate-related Financial Disclosures UNEP Finance Initiative United Nations Global Compact

Investment policies National Australia Bank's web page on corporate social responsibility can be accessed here.

Climate change commitments Date listed represents date as accessed on website Feb 25 2021 | NAB ESG Risk Management Date listed represents date as accessed on website Feb 25 2021 | NAB

Corporate Governance Statement 2020 Nov 10 2020 | NAB

Human Rights Policy Oct 26 2020 | NAB

Animal welfare principles Jan 13 2020 | NAB

Sustainability report 2019 Sep 30 2019 | NAB

Group Human Rights Policy Nov 30 2018 | National Australia Bank

Modern slavery and human trafficking statement Oct 31 2018 | National Australia Bank

Code of conduct Apr 24 2018 | National Australia Bank

ESG risk principles Dec 31 2017 | National Australia Bank

Supplier sustainability principles Dec 31 2017 | National Australia Bank

Update of financing of new coal mining projects Dec 14 2017 | NAB

Corporate responsibility policy Dec 30 2016 | National Australia Bank

Group environmental management policy Jun 15 2016 | National Australia Bank

Improper land acquisition policy statement Nov 24 2014 | NAB

BankTrack campaigns and National Australia Bank (NAB)

Human rights

True leader BankTrack has assessed National Australia Bank (NAB) on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. National Australia Bank (NAB) is assessed as a Laggard, with a total score of 3/12. Front runner Policy: 1/3 Due dilligence: 0.5/3 Reporting: 1/3 Remedy: 0.5/3 Follower For more details, see Banking with Principles? 2016 update. Laggard

Equator Principles

Implementation and reporting The Equator Principles require that adopting banks publicly report on the implementation of the principles. You can find the reporting requirements for EPFIs here.

National Australia Bank (NAB) is reporting on the implementation here. Contact and complaints The Equator Principles currently lack a formal complaints mechanism. Should you have any concerns or complaints about how the Equator Principles are being applied in a specific project in which National Australia Bank (NAB) is also involved, please get in touch with our Equator Principles team.

Equator Principles Dodgy Deals BankTrack is monitoring the following Equator Principles projects that are co-financed by National Australia Bank (NAB) -note that some files may be on record, no longer updated-:

Projects

Coastal GasLink pipeline Canada Pipeline Transportation of Natural Gas active

Liquified Natural Gas (LNG) project Papua New Guinea LNG Terminal on record

Woodlark Island Kula Gold Project Papua New Guinea Mining on record Good moves

2014

NAB moves in the right direction on Land Grabs In November Oxfam congratulated National Australia Bank on taking a significant step forward in playing their part to stop unfair land deals that leave people around the world homeless and hungry. The NAB took the step of releasing a policy on improper land acquisitions which clearly outlines what actions the bank…

Related Dodgy Deals

National Australia Bank (NAB) has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects

Coastal GasLink pipeline Canada active Pipeline Transportation of Natural Gas

Liquified Natural Gas (LNG) project Papua New Guinea on record LNG Terminal

Great Barrier Reef Coal & Gas Exports Australia on record Coal Mining | Fossil Fuels Bulk Stations and Terminals | Oil and Gas Extraction

Maules Creek coal mine Australia on record Coal Mining

Woodlark Island Kula Gold Project Papua New Guinea on record Mining

Companies

Wilmar International Singapore active Agriculture for Palm Oil

Adaro Energy Indonesia active Coal Electric Power Generation | Coal Mining Rio Tinto Australia on record Coal Mining | Mining | Nuclear Electric Power Generation

BHP Billiton Australia on record Coal Mining | Mining | Oil and Gas Extraction

Anglo American United Kingdom on record Coal Mining | Mining

Glencore Switzerland on record Coal Mining

Trafigura Singapore on record Commodities Trading | Oil and Gas Extraction

Vitol Switzerland on record Commodities Trading | Oil and Gas Extraction