- First customer-owned bank to release a TCFD statement.
- First Australian bank to measure their financed greenhouse gas (GHG) emissions using the Partnership for Carbon Accounting Financials (PCAF) guidance.
- Launched our first CAP including a commitment to net zero by 2040.
Climate change is accelerating, and the time for action is now. That’s why we’ve developed a Climate Action Plan (CAP), which outlines our focus areas and commitments, and the actions we will take to meet them over the next few years.
We will review and refine our CAP regularly to ensure our focus areas and commitments remain meaningful, relevant and in the best interests of our customers.
Alignment to purpose
Our approach to climate change aligns closely with our purpose of helping all Australians own their own home. After all, a house may not feel like a home without a safe and sustainable environment, and a thriving community around it.
Our Climate Action Plan
We are focusing on the areas we believe can have the biggest impact, meet the expectations of our customers, and our priorities as a responsible bank.
Our journey so far
For more than 75 years we have advocated for a fair and equitable Australia. Our name has recently changed, but our commitment tobeing a responsible bank and doing business the right way has not.
We continue to demonstrate strong financial performance and are well positioned for future growth. But we need to manage how we grow responsibly and do it in a sustainable manner.