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Banks
The big banks are funding a huge problem
Despite the urgent need to stop global warming, and the havoc being wreaked on our land, water, air, health and communities, Australia’s big four banks continue to play a critical role in supporting the dirty fossil industry.
As a community, we have the power to change the big banks. But we need you to join our campaign, ensuring your money is used as a force for good.
You can join the movement – put your bank on notice, telling it that if it continues to choose fossil fuels, you’ll choose another bank.
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Tell your bank that if it continues to choose fossil fuels, you’ll choose another bank.
Learn how the big four banks are using your money to
fund fossil fuels
Compare banks
Compare the fossil fuel investment positions of over 106 banks, credit unions & mutuals
Banking climate failure
The broken climate promises of Australia’s Big Four banks
ANZ
Australia’s climate laggard
ANZ is Australia’s biggest funder of dirty fossil fuels, providing a total of $19.8 billion to the coal, oil and gas industries in the eight years since the Paris Agreement was signed.
CommBank
Still backing fossil fuel expansion
Commonwealth Bank is Australia’s second biggest funder of dirty fossil fuels since the Paris Agreement, having loaned a total of $16.1 billion to the coal, oil and gas industries from 2016-2023. But unlike the other big four Australian banks, the trend is heading in the right direction for CommBank.
NAB
Australia’s most regressive bank on climate
NAB is Australia’s most regressive bank when it comes to funding fossil fuels, having provided the most of the big four Australian banks in 2023 at $1.4 billion.
Westpac
Funding the world’s climate wreckers
Westpac has provided a total of $9.8 billion to the coal, oil and gas industries in the eight years since the Paris Agreement was signed. What is most concerning are the companies the bank continues to provide or arrange finance for.
Japanese megabanks
The Japanese megabanks MUFG, SMBC Group and Mizuho are among the world’s top financiers supporting the fossil fuel industry.
2023 AGM Season
ANZ, NAB and Westpac continue to undermine their commitments to the Paris Agreement by financing companies that are expanding the fossil fuel industry.
2024 AGM Season
Shareholder pressure increasing on ANZ, NAB and Westpac as the banks look to reassess their support for climate wreckers in 2025.
Did you know?
From 2016 to 2023
the Big Banks loaned
$61 Billion
to dirty fossil fuels.
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