Renewables a key part of banking
NAB has completed 150-plus renewable energy finance transactions and lent over $11.5 billion. Renewables now make up 75 per cent of its total energy exposures.
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NAB has completed 150-plus renewable energy finance transactions and lent over $11.5 billion. Renewables now make up 75 per cent of its total energy exposures.
The two-year 'Inspire' project report from the IPA highlights solidarity and a need for common reporting standards.
Banks have a pivotal role to play in accelerating the transition to a low carbon economy; they can direct financing towards activities that are aligned to the Paris Agreement, and away from those that are not. They are the key intermediaries of the investment required to reach net zero. And they can help their clients with strategies and products that support the transition toward a sustainable economy. Some are doing better than others.
As part of NAB’s goal of aligning its lending portfolio to net-zero emissions by 2050, today NAB joined the UN-convened Net Zero Banking Alliance
NAB today announced a milestone in its clean energy journey, having successfully closed 150 renewable energy transactions around the world and