NAB Says Reducing Its Exposure To Thermal Coal
National Australia Bank Ltd NAB:
REDUCING ITS EXPOSURE TO THERMAL COAL
TARGET IS TO REDUCE THERMAL COAL MINING EXPOSURE TO EFFECTIVELY ZERO BY 2030
IS NOT FINANCING ANY NEW THERMAL COAL MINING PROJECTS – AND HAS NOT SINCE 2015
NOT TAKING ON NEW THERMAL COAL MINING CUSTOMERS
NOT FINANCING NEW OR MATERIAL EXPANSIONS OF COAL-FIRED POWER GENERATION FACILITIES
CAPPED OIL AND GAS EXPOSURES AND HAS SET TARGETS TO REDUCE EMISSIONS FROM ITS LENDING TO THIS SECTOR
WILL SUPPORT CUSTOMERS TO ACCELERATE DECOMMISSIONING OF COAL AND GAS-POWERED ASSETS, WHILE INCREASING FINANCING TO RENEWABLES