2009 Corporate Responsibility Review

Our focus areas

STRATEGIC FOCUS PROGRESS 2009 WHATS NEXT?
Getting Our House in Order
  • Achieved a reduction of around 14,380 tCO2-e in greenhouse emissions from our buildings, air travel and vehicle fleets, towards our Group-wide reduction target of 33,000 tCO2-e (which excludes Great Western Bank) by end June 2010.
  • Completed over 200 energy efficiency projects across our property portfolio in Australia, representing an estimated annual emissions reduction of around 23,500 tCO2-e since 2006.
  • Finalised Group-wide carbon inventory guidelines.
  • Occupied Ecologically Sustainably Designed (ESD) buildings in Auckland, Wellington, North Sydney and Melbourne.
  • Offset business travel emissions in UK and Australia.
  • First UK high street bank to be awarded the Carbon Trust Standard.
  • Power savings of 800,000 kWh in the UK, by enabling the switching off of desktop PCs at night.
  • Established baseline energy and emissions reporting on buildings, air travel and vehicle fleet for Great Western Bank in the US.
  • Achieve carbon neutrality across the Group by end of September 2010.
  • Achieve ISO 14001 EMS accreditation in the UK.
  • Tri-generation plant to come online in Australia, with projected savings of over 20,000 tCO2-e per year.
  • Occupy more sustainable buildings in Perth, Adelaide, Sydney and Auckland.
  • Develop post 2010 emissions reduction targets.
  • Commence 'Paper Cuts' initiative in Australia to reduce our paper, print and postage.
  • Review and update our environment strategies across each region.
Engaging Our People
  • Held Group-wide climate change conference in August 2009.
  • Conducted second employee environmental survey in Australia, which showed 80% of employees are aware of NAB's environmental initiatives. Also conducted first survey in New Zealand.
  • Participated in Earth Hour and World Environment Day across the Group, supported Ride to Work day in Australia and Bike Week in New Zealand.
  • Expanded employee engagement through voluntary employee green teams in Australia and communication channels such as NABTV / BNZTV.
  • Published our second Carbon Neutral Update report in Australia.
  • Continue to support Earth Hour, World Environment Day and other global initiatives.
  • Continue to grow voluntary employee environmental activities globally.
  • Organise environmental expos across Australian head offices.
  • Develop a pilot environmental training course for employees.
  • Extend availability of Earthwatch fellowships.
Understanding Risks and Opportunities
  • Undertook high level analysis of impacts of emissions trading on industry sectors in Australia.
  • Commenced climate change engagement program with top 100 institutional banking customers.
  • Undertake economic modelling of the impacts of emissions trading in Australia.
Helping Our Customers
  • Expanded our portfolio of renewable energy projects (measured by an 88% increase in design rated megawatt generation capacity).
  • Established the BNZ Kauri Forest in conjunction with the Kauri 2,000 Trust – 1,100 Kauri seedlings planted for 11 issues of Kauri bonds.
  • Launched e-statements in Australia, New Zealand and the US.
  • Expanded our environmental markets coverage to provide support for customers likely to be regulated by the proposed Australian Carbon Pollution Reduction Scheme and the New Zealand Emission Trading Scheme.
  • Continue to expand our support of renewable and alternative energy projects.
  • Target 15% increase in the uptake of online statement registrations in Australia.
Consultation and Partnerships
  • Signed Poznan and Copenhagen communiqués.
  • Supported World Wide Views on Global Warming and Youth Decide to give everyday Australians a voice on climate change.
  • Participated in pilot for National Greenhouse and Energy Reporting online reporting system in Australia.
  • Participated in the UK Government taskforce on implementation of the Carbon Reduction Commitment (CRC) Energy Efficiency Scheme.
  • Sponsored the 2009 Australian and New Zealand Climate Change & Business Conference, as well as the Green Capital business events program.
  • Continued sponsorship support of a range of environmental not-for-profit organisations including: Earthwatch, CERES in Australia, National Trust England in the UK and Save the Kiwi Trust in New Zealand.
  • Undertake stakeholder engagement as part of a review and update of our environment strategies across each region.
  • Review and further develop environmental partnerships with community organisations and not-for-profit groups.

 

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