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We work to make a positive impact for people and the planet, and this past year has been no exception. By banking together, we can make the world a better place.
We share a belief with our customers that money can be used to create a world where people and the planet thrive. This report demonstrates how we have worked to achieve the best possible outcomes for our customers and remained true to our purpose during the 2024 financial year.
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It’s time to raise the bar on climate action. We know that 2050 is too late, and that our customers care deeply about taking decisive action. We want to help Australia build the future we all deserve. The time for change is now.
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We know protecting nature and preserving biodiversity of plants and animals are important issues to our customers.
So, together with our customers and partners, we’re working towards a 2030 where nature is protected and recovering. Our nature and biodiversity strategy recognises the links between nature and biodiversity and Bank Australia’s other impact priorities.
We believe everyone is entitled to live in an affordable home that meets their needs. We are also active in developing green homes through our impact lending business.
This strategy sets our vision to 2030 for walking together towards First Nations justice, reconciliation and self-determination. Now more than ever we need to continue progressing reconciliation, and our ongoing commitment to the full realisation of the Uluru Statement from the Heart.
Bank Australia was the first Australian bank to join the Global Alliance for Banking on Values (GABV).
Criteria includes:
✓ Genuine commitment to social or environmental change
✓ Triple bottom line commitment to people, planet, and prosperity
We’re stepping up to help protect the climate and future generations by actively supporting the shift towards a decarbonised economy.
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Together with our partners and Traditional Owners represented by the Barengi Gadjin Land Council, we're helping care for a 2,117 hectare conservation reserve in Western Victoria. It's home to 251 native plant and 283 native animal species, and this work is a thriving and collaborative example of science-based conservation in action.
The way we see it, the awarding of bonuses to drive sales increases the risk of unethical behaviour that may negatively impact customers. That’s why we don’t pay bonuses to our executives or employees.
We continue to create and keep jobs in Australia, and all our staff are based in Australia.
48% Metro Victoria
28% Regional Victoria – Gippsland
9% Regional Victoria – Western
15% QLD / SA / ACT / NSW
We’ve been carbon neutral since 2011 and we’re certified by the Australian Government’s Climate Active program (formerly National Carbon Offset Scheme).
We’ve been carbon neutral since 2011 and we’re certified by the Australian Government’s Climate Active program (formerly National Carbon Offset Scheme).
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“It’s quite radical for someone of my generation, that the bank isn’t giving all its profits to a few shareholders. And I think that’s fantastic.”
