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.
We look at the banks’ financing of environmentally risky or unsustainable projects. Does their provision of environmentally beneficial products offset their financing of investments that will have a significant negative environmental impact?
How does sustainable banking add up? Chapter 379.13 KB