Great Southern Bank launches 2025-28 Climate Transition Plan
30 June 2025
Great Southern Bank has released its 2025-28 Climate Transition Plan, outlining the next phase of action to reduce environmental footprint, manage climate-related risks, and support customers through climate transition.
The new plan builds on progress made under the 2022–24 Climate Action Plan, setting out clear priorities and targets that reflect the bank’s role as a responsible, customer-owned organisation committed to helping Australians own their own home - now and in the future.
Key commitments include:
- Achieving net zero emissions by 2040
- Source 100% renewable energy for all offices and branches by 2030
- Maintaining carbon neutral certification for its business operations
- Supporting disaster resilience and recovery through targeted customer initiatives
- Partnering with community, industry, NGOs and government to drive meaningful climate action
CEO Paul Lewis said: “Our Climate Transition Plan focuses on the areas where we can have the biggest impact - for our customers, our communities, and the environment. It reflects our ongoing ambition to be a responsible bank and our belief that doing business sustainably is in the best interests of all Australians.”
The 2025-28 plan builds on strong foundations laid under the previous Climate Action Plan, which saw:
- Validation of the bank’s net zero targets by the Science Based Targets initiative (SBTi)
- A new Responsible Investment Policy excluding direct fossil fuel investments
- The launch of green financial products for customers to help customers reduce emissions
- 11 of 29 locations so far (as at end of FY25) transitioned to renewable energy as part of the move to 100% by 2030
Building on its 80-year history as a customer-owned bank, Great Southern Bank will continue to support housing resilience and affordability. This includes helping customers access energy-efficient upgrades, promoting renewable energy adoption, and advocating for adequate home and contents insurance.
As part of its commitment to social impact, the bank will also continue its three-year partnership with Mission Australia to reduce emissions and energy costs for tenants.
Read more about the Great Southern Bank’s 2025-28 Climate Transition Plan.