Investor Presentaiton
COMMERCIAL RESPONSES - CLIMATE CHANGE
OUR COMMITMENTS
Commitment
Achieving a Paris Agreement aligned net zero emissions lending
portfolio by 2050
Environmental financing target of $70bn by 2025
Cap thermal coal mining exposures at Sep 2019 levels, reduce thermal
coal mining financing by 50% by 2028 to be effectively zero by 2035
Source 100% of our electricity consumption from renewable sources by
2025
8 Environmental operational performance targets: 2025
OUR EXPOSURES
Progress
Initial financed emissions estimate completed, pathway mapping under
way (next slide)
$42.5bn cumulative progress1
11.4% ($87m) reduction from FY19. Expected 50% reduction by 2026,
and effectively zero by 2030
7% of electricity use from renewable sources in FY20 | Signed up to
RE100
Detailed performance in 2020 Sustainability Report
Energy generation EAD by fuel source² ($bn)
Resource EAD by type ($bn)
7.79
11.54
7.13
7.26
7.37
10.47
10.64
1.16
■Gold Ore Mining
1.45
■Gas
0.59
0.94
0.98
0.52
1.03
9.33
0.12
0.35
0.12
80'0
0.58
0.62
1.15
■Metallurgical Coal
0.75
0.89
0.74
■ Coal
1.04
1.08
1.25
1.16
Mining
0.76
0.84
1.06
0.63
■Thermal Coal Mining
0.87
0.67
■ Mixed Fuel
1.94
1.74
2.39
1.87
1.93
2.21
0.76
2.18
■Iron Ore Mining
2.05
■ Other/Mixed
1.40
1.07
1.18
1.47
1.31
Renewable
0.89
1.03
Renewables
■Other Mining
1.40
■ Hydro
72% of energy
generation EAD
2.18
2.09
2.35
2.35
Wind
at Sep 2020
■Mining Services
■ Oil & Gas Extraction ³
3.74
3.73
4.09
2.74
Mar 19
Sep 19
Mar 20
Sep 20
Mar 19
Sep 19
Mar 20
Sep 20
44
(1) Represented as a cumulative amount of new environmental finance since 1 October 2015. Detailed breakdown available in 2020 Sustainability Data Pack, available 11 November.
(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) A significant contributor to the reduction of $1.3bn in the Resources portfolio since Sep-19 is AUD currency appreciation of USD denominated exposures and lower mark-to-market positions of treasury
related products in the Oil & Gas extraction sector.
National
Australia
BankView entire presentation