Climate commitments
No direct lending exposure to coal, coal seam gas, crude oil, natural gas, native forest logging projects.1
Reduce absolute emissions 50% by 2030 and 95% by 2040 (operational and financed).
Reduce Scope 1 & 2 emissions 90% by 2025 and 92% by 2030.
100% renewable electricity by 2025.
Maintain business travel emissions 25% below 2020 baseline.
Maintain carbon neutral status.2
Climate Strategy
Bendigo and Adelaide Bank is well-positioned to strategically support our customers, communities and stakeholders to prepare for and adapt to the impacts and opportunities presented by our changing climate.
Our Climate Strategy ensures that risks and opportunities are managed so that we can best deliver on our purpose to feed into the prosperity of communities. The Climate & Nature Action Plan guides us to deliver four outcomes:
- A climate integrated business: effective and integrated risk management and opportunity realisation throughout our business.
- Climate resilient customers and communities: build preparedness for physical & transitional impacts in the communities we serve.
- Reduced emissions and natural impact: real world reductions in emissions and impacts on nature in our business and with our customers.
- Trust: continue to grow trust through governance, authentic engagement and transparent disclosure.
Things you should know
1 Our Bank does not and will not provide finance directly to projects or large-scale electricity generation in the following sectors: coal; coal seam gas; crude oil; natural gas; native forest logging. For example, we do not provide finance directly to grid connected fossil fuel electricity generation however, we may provide equipment finance to support a customer’s backup diesel generator.
2 2024 will be submitted and verified by Climate Active by October 2024.
