NAB has assessed the decarbonisation transition of 86% of its largest greenhouse gas emitting customers, with the transport and supporting infrastructure sector still proving to be the worst performing sector.
The Australasian Centre for Corporate Responsibility has recommended a vote in favour of Origin Energy's climate transition plan, and has withdrawn a resolution intended for the company's annual general meeting.
The ANZ won't fund a decarbonisation project if it has serious concerns about the climate credentials of the company behind it, the bank's senior executives have warned.
The Commonwealth Bank has announced emissions targets for customers in four industries, and will do the same for other sectors, as well as for its home loan portfolio.
Instead of divesting its emissions-intensive assets, Macquarie Group aims to hold on to them and help them transition to lower emissions operation, its chair Glenn Stevens told today's annual general meeting.
About $70 billion of investment needs to flow out of emissions-intensive industries by 2030, as part of efforts to reach net-zero by 2050, according to a Deloitte analysis commissioned by NAB.