Financial Performance and Remediation Update
CLIMATE METRICS AND TARGETS
ENVIRONMENTAL FINANCING¹
(cumulative $bn)
RENEWABLES EAD AS A % OF ENERGY GENERATION²
70
70
31%
31%
29%
29%
42%
52%
56
43
34
69%
69%
71%
71%
58%
48%
23
13
7
2016
2016
2017
2018
2019
2020
2021
2017
2018
2019
2020
2021
2025
Target
NAB GROUP ELECTRICITY CONSUMPTION FROM
RENEWABLE SOURCES³
(% of total electricity consumption)
7%
3%
2019
2020
31%
2021
100%
2025 Target
■Renewables ■Gas, coal & mixed fuel
NAB GROUP OPERATIONAL GHG EMISSIONS (SCOPE 1 & 2)3,4
(tCO2-e 000's)
Carbon neutral in operations
for over a decade
151
136
123
117
106
89
74
68
2015
baseline
2016
2017
2018
2019
2020
2021
104
(1) This includes NAB's financing of green infrastructure, capital markets, asset finance and new mortgage lending flow for 6 Star residential housing in Australia (new dwellings and significant
renovations) as a cumulative flow of new environmental finance since 1 October 2015. Refer to 2021 Sustainability Data Pack.
(2) NAB methodology (based upon the 1993 ANZSIC codes) at net EAD basis. Excludes exposure to counterparties predominantly involved in transmission and distribution. Vertically integrated retailers
included and categorised as renewable where majority of their generation activities sourced from renewable energy. More detail at https://www.nab.com.au/about-us/social-impact.
(3) NAB's operational environmental numbers are reported on a July-June performance period
(4) Significant progress towards NAB's 2025 science-based target was demonstrated in 2020 and 2021 however performance has been influenced by COVID-19 impacts and we do not expect all of the
reductions achieved to date to be permanent. 2020 and 2019 progress restated due to additional electricity charges at our BNZ operations. Includes our net operational scope 1 and 2 GHG
emissions, 2020 and 2021 figures calculated using a market-based approach
2025
Target
National
Australia
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