Sustainable Banking

Australia’s largest retail banks – often known as the big four – have been praised as leaders in corporate sustainability reporting. Despite receiving numerous sustainability awards, a closer examination of their operations reveals a different picture.

This report looks at the social, environmental and governance performance of the big four banks and how it contrasts with their lauded efforts. The report recommends ways in which banks can be moved to go beyond the symbolic gestures and more authentically integrate sustainability into their operations.

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Introduction

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This chapter examines the sustainability reporting performance of Australian banks and how it contrasts with public opinion around bank behaviour. How does this situation sit on the current backdrop of government regulation and voluntary codes?

Despite receiving a raft of international sustainability awards only 26% of the Australian public believe banks behave ethically and responsibly if they regulate themselves.

pdfHow Does Sustainable Banking Add Up? Chapter 1308.09 KB