Corporate Home > Greenwashing Campaigns > Pretending We’re Climate Friendly

Committed to FOSSIL FUELS

We have a unique role in, and are committed to, pretending we support environmental wellbeing.

PRETENDING WE’RE CLIMATE FRIENDLY

Our bank has a massive role in lending money to fossil fuel projects, while still making it look like we give a shit about climate change.

WE’RE SLOWING THE TRANSITION TO A LOW-CARBON ECONOMY

In 2020, we loaned $2 to fossil fuels for every $1 we loaned to renewable energy. Sometimes fossil fuel loans are even dressed up as ‘sustainability loans’.

GREENWASHING AT ITS FINEST

At NAB, we spearheaded a $500 million loan to the world’s largest coal port (the Port of Newcastle), and then called it a “sustainability-linked loan”. That’s why we’re so keen to pretend we give a shit about the climate.

We’re still supporting a high-carbon economy

Our dedicated teams around the world have loaned billions of dollars to companies and projects expanding the fossil fuel industry since 2016.

WE’RE NOT MAKING THIS UP

To create this website and these videos, The Chaser has joined forces with Market Forces, an advocacy group which targets financial institutions all around the world and calls them out for supporting climate unfriendly projects.

To find out more about NAB’s climate unfriendly approach to business, visit the Market Forces website:

FIND OUT MORE at MARKETFORCES

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Since 2016, NAB has undermined its climate commitments by lending billions of dollars to companies and projects expanding the polluting coal, oil and gas industries. In 2020, for every dollar NAB loaned to renewables, it has loaned $2 to fossil fuels.