Friday 12 June 2020

National Australia Bank reaches ten years of carbon-neutrality milestone

National Australia Bank (NAB) has reached a key milestone in its sustainability journey, having already gone ten years of carbon-neutrality.

The organisation notes it has achieved carbon dioxide emission savings equivalent to the removal of approximately one million cars off the road for a year.

Being the 'first Australian-owned bank to achieve carbon-neutrality' under the National Carbon Offset Standard (NCOS) programme in 2010, the firm has set new goals, including the RE100 commitment to have all electricity from renewable sources by 2025.

As part of NAB’s AUD$70 billion (£38bn) commitment to environmental finance by 2025, more than AUD$17 billion (£9.2bn) grants have already been arranged to support green infrastructure finance.

A further AUD$16 billion (£8.7bn) is mortgage lending for energy-efficient residential housing, supporting more than 41,000 households in Australia.