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.
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 the fossil fuel investment positions of over 106 banks, credit unions & mutuals
Banking climate failure
How Australia’s big four banks are still funding new fossil fuels
Australia’s climate laggard
ANZ is Australia’s biggest funder of dirty fossil fuels, providing a total of $18.6 billion to the coal, oil and gas industries in the seven years since the Paris Agreement was signed.
Still backing fossil fuel expansion
Commonwealth Bank is Australia’s second biggest funder of dirty fossil fuels, providing a total of $15.8 billion to the coal, oil and gas industries since the Paris Agreement was signed. But unlike the other big four Australian banks, the trend is heading in the right direction for CommBank.
Australia’s most regressive bank on climate
NAB is Australia’s most regressive bank when it comes to funding fossil fuels, having provided a total of $4.5 billion in 2021 and 2022. This almost matched Australia’s biggest fossil fuel lender ANZ’s $4.6 billion.
Backing Australia’s worst climate wreckers
Westpac has provided a total of $9 billion to the coal, oil and gas industries in the seven years since the Paris Agreement was signed. Westpac has shown no sign of letting up on its climate-wrecking lending spree either.
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.
Did you know?
From 2016 to 2022
the Big Banks loaned
to dirty fossil fuels.