18 October 2018
Commenting on NAB’s commitment to review advocacy of its industry associations to ensure that they are aligned with its own position on climate and energy policy, Dan Gocher, Director of Climate & Environment, The Australasian Centre for Corporate Responsibility (ACCR) said:
“ACCR commends NAB for being the first ASX100 company to publicly acknowledge the need to take action on the scientific conclusions of the IPCC’s special report on the impacts of 1.5°C of global warming.
“The carbon lobby’s corrosive influence on climate and energy policy in this country is crumbling rapidly, as investors demand it gets out of the way. The reign of the Business Council of Australia and Minerals Council on climate and energy chaos is over.
“The impact of the IPCC 1.5 report on the financial services sector, regulators, and policy makers cannot be underestimated. We have been warned that if we do not take urgent and drastic action to reduce emissions, that we will face increasingly catastrophic impacts from climate change.
“NAB’s leadership on the IPCC 1.5 report is a clear signal to the Australian government that they can no longer obfuscate attempts to negotiate a climate and energy policy that is backed by science.”
Contact: Daniel Gocher 0410550337