Fossil fuels – where does your bank stand?
We’ve created the table below to help you find out which banks do and don’t have a record of funding fossil fuels. Use it to compare the fossil fuel investment positions of over 115 banks, credit unions and building societies.
Each institution is sorted into categories clearly defining those that fund fossil fuels and those with no recent record of funding the industry. Importantly, you can take action and contact every single bank, credit union and building society listed.
To find out more about how this bank comparison table and our research was compiled read this background. Our how to switch banks page also provides handy step-by-step materials to help you switch banks.
DID YOU KNOW?
From 2016 to 2022
the Big Four Banks loaned
$57.5 Billion
to dirty fossil fuels
- Banks funding fossil fuels and their subsidiaries
- Banks with no record of funding fossil fuels since 2016
- All Banks A-Z
Name | Amount loaned | Position | Take Action |
---|---|---|---|
Banks funding fossil fuels | |||
AMP | $0.530bn | loaned to fossil fuels from 2016 - 2020. AMP (via AMP Capital Investors) also holds more than $1 billion of shares in numerous coal, oil and gas companies, including Whitehaven Coal, Woodside Petroleum and ExxonMobil (shareholdings current as of latest filing date reported by financial data provider Refinitiv Eikon in June 2020). | ![]() |
ANZ | $18.609bn | loaned to fossil fuels globally from 2016 - 2022 | ![]() ![]() |
Bank of China | $5.258bn | loaned to fossil fuels in Australia from 2016 - 2020 | ![]() |
Bank of Queensland | $16.4m | lending exposure to companies directly involved in the extraction of fossil fuels (as of 31 August 2020). However BOQ has committed to not provide such finance moving forward and says it will reduce the $16.4m of fossil fuel finance arrangements to zero by the end of 2024. It also clarified that: "BOQ has no exposure to coal-fired power generators and has no appetite for lending to this sector." | ![]() ![]() |
Citi | $1.439bn | loaned to fossil fuels from 2016 - 2020 | ![]() |
Commonwealth Bank | $15.791bn | loaned to fossil fuels globally from 2016 - 2022 | ![]() ![]() |
HSBC | $1.375bn | loaned to fossil fuels in Australia from 2016 - 2020 | ![]() |
ING | $0.722bn | loaned to fossil fuels in Australia from 2016 - 2020 | ![]() |
Macquarie | $5.026bn | loaned to fossil fuels globally from 2016 - 2020. Macquarie (via Macquarie Investment Management and other subsidiaries) also holds more than $2.5 billion of shares in numerous coal, oil and gas companies, including Peabody Energy Corp, BP, Chevron and Shell (shareholdings current as of latest filing date reported by financial data provider Refinitiv Eikon in June 2020). | ![]() |
National Australia Bank | $14.093bn | Loaned to fossil fuels globally from 2016 - 2022 | ![]() ![]() |
Westpac | $9.013bn | loaned to fossil fuels globally from 2016 - 2022 | ![]() ![]() |
Banks owned by those funding fossil fuels | |||
86 400 | N/A | On 3 Feb 2020 (prior to the acquisition of 86 400 by NAB), 86 400 provided the following statement: "We’re committed to operating a sustainable and socially responsible business. You’ll be pleased to hear that we don’t invest in or lend money to companies in the fossil fuels industry, for example." As of 19 May 2021, 86 400 is owned by NAB which is invested in fossil fuels. | ![]() |
Bank of Melbourne | N/A | Owned by Westpac which lends to fossil fuels | ![]() |
BankSA | N/A | Owned by Westpac which lends to fossil fuels | ![]() |
Bankwest | N/A | Owned by Commonwealth Bank which lends to fossil fuels | ![]() |
ME Bank | N/A | On 1 Nov 2018 (prior to the acquisition of ME Bank by Bank of Queensland), ME Bank provided the following statement: "ME does not have any investments in the mining industry, including the coal and gas export industries, and does not intend to invest in these industries in future." As of 1 July 2021, ME Bank is owned by Bank of Queensland which is invested in fossil fuels. | ![]() |
RAMS | N/A | Owned by Westpac which lends to fossil fuels | ![]() |
St George | N/A | Owned by Westpac which lends to fossil fuels | ![]() |
UBank | N/A | Owned by National Australia Bank which lends to fossil fuels | ![]() |
Name | Amount Invested | Position | Take Action |
---|---|---|---|
Banks with no record of funding fossil fuels and position statement provided | |||
Adelaide Bank | $0 | "In respect of our own carbon footprint we make conscious decisions to reduce and offset our impact and we help others do the same by offering green products and services. As we do not currently lend to projects in the coal and coal seam gas sectors, we are simply taking a pragmatic approach that says it makes no sense to broaden our footprint by starting to do so." | ![]() ![]() |
Australian Military Bank | $0 | Australian Military Bank "primarily provides retail banking services to its members and does not undertake commercial lending." | ![]() ![]() |
Australian Mutual Bank | $0 | "Australian Mutual Bank does not have any direct investments in the fossil fuel industry. Nor are there direct investments in gambling, armaments, persistent chemicals, or animal testing. Australian Mutual Bank’s banking services are directed to improving the economic and social well-being of members as opposed to corporate speculative gain." | ![]() ![]() |
Australian Unity | $0 | "The bank does not do commercial lending and isn’t a lender to the fossil fuel industry." | ![]() ![]() |
Auswide Bank | $0 | "Auswide Bank does not finance companies engaged principally in the exploration, mining, manufacture or export of thermal coal or coal seam gas. Nor do we intentionally invest directly in companies specialising in these areas. We are always committed to the protection of our environment in both our banking and operating practices and endeavour at all times to be a responsible corporate citizen." | ![]() ![]() |
AWA Alliance Bank | $0 | "AWA's mission is to significantly contribute to an improved and sustainable future for our members and their communities, as such, our lending and investment portfolio precludes any involvement in the fossil fuel industry." | ![]() ![]() |
BCU | $0 | "Lending at P&N Bank excludes large-scale activities, projects and industries involved in exploration, extraction or production of fossil fuels or in electricity generation from fossil fuels." Note: BCU Bank has merged with P&N Bank and has the same policy position. | ![]() ![]() |
Bank Australia | $0 | "Bank Australia has not made and will not make any loans to the fossil fuel industry, including coal and coal seam gas. Bank Australia is also conscious of the impact of its own operations and has been carbon neutral since 2011." | ![]() ![]() |
Bank First | $0 | "Bank First does not directly invest in listed or unlisted shares. It also does not invest in fossil fuels and has no plans to do so." | ![]() ![]() |
Bank of us (formerly B&E) | $0 | "As a customer owned bank, Bank of us operates by the values that are important to our community. We can confirm that we have no loans or investments in coal or mining industries" | ![]() |
BankVic | $0 | "BankVic lends only to members for personal purposes. We do not lend to businesses nor invest in the fossil fuel industry." | ![]() ![]() |
BDCU Alliance Bank | $0 | "We make conscious decisions to reduce and offset our impact and we help others do the same by offering green products and services and reviewing how we go about our business. We do not currently lend to projects in the coal and coal seam gas sectors and given our commitment to reducing our environmental footprint, it makes sense to continue this approach throughout our business including the investments we make’’ | ![]() ![]() |
Bendigo Bank | $0 | "In respect of our own carbon footprint we make conscious decisions to reduce and offset our impact and we help others do the same by offering green products and services. As we do not currently lend to projects in the coal and coal seam gas sectors, we are simply taking a pragmatic approach that says it makes no sense to broaden our footprint by starting to do so." | ![]() ![]() |
Beyond Bank | $0 | "Beyond Bank Australia does not have any investments with fossil-fuel associated companies. We're a community focused bank and we work closely with community groups to create good together through health, education and the environment." | ![]() ![]() |
Coastline Credit Union | $0 | "Coastline is a community banking organisation which supports local social programs for the benefit of the Macleay, Hastings and Manning regions in the Mid North Coast of NSW. Coastline does not provide finance to or invest in large corporate entities or companies who undertake exploration, extraction or manufacturing of fossil fuel products." | ![]() ![]() |
Community First Credit Union | $0 | "Community First has no investments in the fossil fuel industry. Our size relative to other financial institutions in Australia means that we rarely if ever hold any outside investments in wholesale markets." | ![]() ![]() |
Credit Union SA | $0 | "Credit Union SA's principle activities are the provision of retail financial services including accepting member deposits and advancing loans to members. The Credit Union primarily invests funds received from members deposits in retail loans to members. The remaining funds are primarily held in cash and liquid investments with other financial institutions to meet minimum liquidity compliance requirements under the Australian Prudential Regulatory Authority (APRA). No funds are directly invested by the Credit Union in the fossil fuel industry. " | ![]() ![]() |
Defence Bank | $0 | "We can confirm that Defence Bank do not and will not provide loans to fund new coal or gas mining, transport or export projects that enter the boundary of the Great Barrier Reef World Heritage Area." | ![]() ![]() |
Delphi Bank | $0 | "In respect of our own carbon footprint we make conscious decisions to reduce and offset our impact and we help others do the same by offering green products and services. As we do not currently lend to projects in the coal and coal seam gas sectors, we are simply taking a pragmatic approach that says it makes no sense to broaden our footprint by starting to do so." | ![]() ![]() |
Endeavour Mutual Bank | $0 | "Endeavour Mutual Bank does not have any direct investments in the fossil fuel industry. Nor are there direct investments in gambling, armaments, persistent chemicals, or animal testing. Australian Mutual Bank’s banking services are directed to improving the economic and social well-being of members as opposed to corporate speculative gain." | ![]() ![]() |
Firefighters Mutual Bank (formerly Fire Board (NSW) Employees Credit Union & Fire Brigades Employees' Credit Union) | $0 | "The Bank does not use members’ deposits to directly lend to, buy equity or debt in, any large-scale greenhouse polluting activities from fossil fuel exploration, extraction, production and use. The Bank does not use members’ funds to finance large-scale greenhouse-gas pollution. | ![]() ![]() |
First Choice Credit Union | $0 | "First Choice Credit Union does not invest in the fossil fuel industry." | ![]() ![]() |
G&C Mutual Bank | $0 | "1) We have no direct investments in any large scale polluting activity or company. 2) We do not use members fund to finance large greenhouse gas production. 3) We do not use members deposits to directly lend to, buy equity or debt in, any large-scale greenhouse polluting activities from fossil fuel exploration, extraction, production and use." | ![]() ![]() |
Gateway Bank | $0 | Gateway Bank "does not have any direct investment in fossil fuel industries, nor does it intend on investing in any fossil fuels industries in the future." | ![]() ![]() |
Goulburn Murray Credit Union | $0 | "GMCU does not lend to or invest in the fossil fuel (coal, gas and oil) industry." | ![]() |
Greater Bank | $0 | "The Greater does not invest or lend to companies directly involved in the fossil fuel industry." | ![]() ![]() |
Great Southern Bank (formerly CUA) | $0 | "CUA does not directly finance the coal and gas sector and we do not lend directly to companies within those sectors. As Australia's largest credit union, CUA's business is the provision of personal banking products and services and our business banking customers are typically within the SME sector." | ![]() ![]() |
Health Professionals Bank | $0 | "The Bank does not use members’ deposits to directly lend to, buy equity or debt in, any large-scale greenhouse polluting activities from fossil fuel exploration, extraction, production and use. The Bank does not use members’ funds to finance large-scale greenhouse-gas pollution. | ![]() ![]() |
Heritage Bank | $0 | "Heritage Bank does not invest with companies involved in coal and gas production." | ![]() ![]() |
Horizon Bank | $0 | "Horizon Bank is a responsible and influential environmental citizen, as such, Horizon Bank does not directly invest in, or provide loans to, any company in the fossil fuel industry." | ![]() ![]() |
Hume Bank | $0 | "As a customer owned organisation, Hume Bank operates by the values that are important to our community. We seek to be a sustainable organisation in every way. We can confirm that we have no loans to coal or mining industries nor any investments in these sectors." | ![]() ![]() |
Hunter United | $0 | “Hunter United is a customer-owned mutual providing retail banking services to its members and does not undertake commercial lending." | ![]() ![]() |
IMB | $0 | "IMB's investment policy precludes investment by IMB in shares and therefore IMB does not hold and shares in companies such as those you describe [in the fossil fuel industry]. IMB does not have any equity investments in the fossil fuel sector. IMB Treasury does not have any direct investments in the fossil fuel sector." | ![]() ![]() |
Judo Bank | $0 | "We do not invest in the fossil fuel industry. As a challenger bank primarily providing business lending to Australian small and medium-sized enterprises and serving Australian retail term deposit and residential and investment housing loan customers, we are not involved in directly financing large fossil fuel industry projects or companies." | ![]() ![]() |
Laboratories Credit Union (LCU) | $0 | "We're helping to create a better planet by refusing to lend money to the fossil fuel industry. We also offer a range of green products to help encourage our members to purchase goods, like cars and home improvements (eg. solar and water saving devices), that are kinder to our environment.” | ![]() ![]() |
Maleny Credit Union (MCU) | $0 | "MCU will endeavour to avoid financial or any other support to individuals or businesses whose activities are detrimental or destructive of the environment, harmful to members of society or inhumane." | ![]() ![]() |
MOVE Bank | $0 | With regard to investments in the fossil fuel industry (coal, gas and oil), MOVE Bank states: "We can confirm that MOVE Bank does not actively invest in these industries. We do hold investments with other financial institutions, but cannot confirm what their relationship with these industries may be." | ![]() ![]() |
MyState Bank | $0 | "As a company that is committed to a sustainable community, MyState does not directly invest in any coal, gas or oil projects. Our investment policy states that we invest our money with other approved deposit taking institutions (ADIs)." | ![]() ![]() |
Newcastle Permanent | $0 | "Newcastle Permanent is a customer-owned (or mutual) retail banking institution that deploys its funds primarily for home loans, personal lending, and small businesses. Although Newcastle Permanent is the largest building society in Australia, being a relatively smaller financial institution compared to the major and regional banks, Newcastle Permanent is not involved in financing large mining projects." | ![]() ![]() |
P&N Bank | $0 | "Lending at P&N Bank excludes large-scale activities, projects and industries involved in exploration, extraction or production of fossil fuels or in electricity generation from fossil fuels." Note: BCU Bank has merged with P&N Bank and has the same policy position. | ![]() ![]() |
People's Choice Credit Union | $0 | "No, we don't have any equity investments in the fossil fuel sector, nor do we lend directly to companies in those sectors. This is because as a credit union our business banking clients are SMEs [small and medium enterprises] rather than large corporate entities." | ![]() ![]() |
Police Bank | $0 | "Police Bank provides personal banking services to our members and does not directly invest in projects involved in the coal, gas and oil sectors." | ![]() ![]() |
Police Credit Union | $0 | ""As part of our pledge to operate in an environmentally sustainable manner in 2008, we committed to reducing our carbon emissions by at least 5% a year. In 2018, we well exceeded our goal, achieving a 100% carbon neutral position, two years ahead of target. Police Credit Union does not fund fossil fuels." | ![]() ![]() |
QBANK (Formerly Queensland Police Credit Union) | $0 | “QBANK does not directly lend to or directly invest in projects or businesses involved in the coal, gas and oil sectors.” | ![]() ![]() |
Qudos Bank | $0 | "The Board will only allow our customer’s money to be placed in deposits with: 1) the Commonwealth Government or the government of an Australian State or Territory; 2) a financial institution guaranteed by the Commonwealth Government or the government of an Australian State or Territory; and 3) Authorised Deposit Taking Institutions (ie banks) trading in Australia who are rated at least investment grade. By restricting our investments to deposits with the government or other banks and credit unions we are not investing in unethical investments and do not support the coal/fossil fuel industries or environmentally detrimental projects." | ![]() ![]() |
Queensland Country Bank | $0 | “Queensland Country does not invest directly in the fossil fuel industry.” | ![]() ![]() |
Rabobank | $0 | "Rabobank finances the sustainable development of the food & fibre industry and as a global Food & Agriculture bank, the fossil fuel industry is not relevant for us. As such, Rabobank Australia & New Zealand does not finance the primary production of fossil fuels and has communicated in a number of cases our concerns about exploring unconventional fuels such as CSG, Shale Gas and Tar Sands." | ![]() ![]() |
RACQ Bank | $0 | "RACQ Bank does not invest in or lend to the fossil fuel industry." | ![]() ![]() |
Regional Australia Bank | $0 | "We do not invest in or lend to the coal or gas industries, and prefer to invest in clean technologies and refine our banking product to reward socially responsible and environmentally friendly initiatives." | ![]() ![]() |
Rural Bank | $0 | "In respect of our own carbon footprint we make conscious decisions to reduce and offset our impact and we help others do the same by offering green products and services. As we do not currently lend to projects in the coal and coal seam gas sectors, we are simply taking a pragmatic approach that says it makes no sense to broaden our footprint by starting to do so." | ![]() ![]() |
Service One Alliance Bank | $0 | "SERVICE ONE does not directly invest or lend to companies that are involved in Fossil Fuels." | ![]() ![]() |
Southern Cross Credit Union | $0 | "Southern Cross Credit Union does not support investment in the fossil fuel industry. We believe reducing our carbon footprint is vitally important and as such we actively support sustainability initiatives within our business and the greater community." | ![]() ![]() |
South West Slopes Credit Union | $0 | "SWSCU does NOT invest in coal, oil or gas companies that are involved with unsustainable environmental nor climate impacting organisations.” | ![]() ![]() |
Summerland Credit Union | $0 | "Summerland does not have any loans to organisations involved in the fossil fuel exploration/export business. Summerland's primary lending focus is concentrated around residential mortgages, small/medium business and community organisations as well as personal loans." | ![]() ![]() |
Sydney Mutual Bank | $0 | "Sydney Mutual Bank does not have any direct investments in the fossil fuel industry. Nor are there direct investments in gambling, armaments, persistent chemicals, or animal testing. Sydney Mutual Bank’s banking services are directed to improving the economic and social well-being of members as opposed to corporate speculative gain." | ![]() ![]() |
Teachers Mutual Bank | $0 | "The Bank does not use members’ deposits to directly lend to, buy equity or debt in, any large-scale greenhouse polluting activities from fossil fuel exploration, extraction, production and use. The Bank does not use members’ funds to finance large-scale greenhouse-gas pollution. | ![]() ![]() |
The Mutual Bank | $0 | "The Mutual Bank does not invest directly in the fossil fuel industry, nor are we directly involved in financing large scale mining projects that cause harm to our natural environment." | ![]() ![]() |
Traditional Credit Union | $0 | "Nil business lending offered." | ![]() ![]() |
Transport Mutual Credit Union | $0 | "Transport Mutual Credit Union does not invest in the fossil fuel industry." | ![]() ![]() |
UniBank (formerly unicredit) | $0 | "The Bank does not use members’ deposits to directly lend to, buy equity or debt in, any large-scale greenhouse polluting activities from fossil fuel exploration, extraction, production and use. The Bank does not use members’ funds to finance large-scale greenhouse-gas pollution. | ![]() ![]() |
Up Bank | $0 | "Deposits provided through the Up apps are held by Bendigo and Adelaide Bank ... Bendigo Bank does not currently lend to and has no plans to lend to projects in the coal and coal seam gas sectors." | ![]() ![]() |
Volt Bank | $0 | Position received July 2021: "Volt Bank does not currently invest in or lend money to companies in the fossil fuel industry and has no plans to in the future." | ![]() ![]() |
WAW Credit Union | $0 | "WAW does not invest in gas or coal." | ![]() ![]() |
Banks that have previously funded fossil fuels but no longer do | |||
Suncorp Bank | $0 | Market Forces' research shows that Suncorp Bank did make loans to fossil fuels in 2008/2009, but the bank has since released the following position statement stating that they have withdrawn from the sector - "We no longer have any exposure [to fossil fuel companies] as Suncorp Bank only provides lending to personal, SME and agribusiness clients so does not have exposure to large corporations including fossil fuel projects." NOTE: Suncorp also undertakes insurance activities. Check marketforces.org.au/insurance for an update on Suncorp's insurance business. | ![]() ![]() |
Banks with no record of funding fossil fuels but no position statement provided | |||
Bank of Heritage Isle | $0 | No position statement provided to Market Forces | ![]() |
Bankstown City Unity Bank | $0 | No position statement provided to Market Forces | ![]() |
Border Bank | $0 | No position statement provided to Market Forces | ![]() |
BNK Bank | $0 | No position statement provided to Market Forces | ![]() |
Broken Hill Community Credit Union | $0 | No position statement provided to Market Forces | ![]() |
Cairns Bank | $0 | No position statement provided to Market Forces | ![]() |
Capricornian, The | $0 | No position statement provided to Market Forces | ![]() |
Central Murray Credit Union | $0 | No position statement provided to Market Forces | ![]() |
Central West Credit Union | $0 | No position statement provided to Market Forces | ![]() |
CIRCLE Alliance Bank | $0 | No position statement provided to Market Forces | ![]() |
Coastline Credit Union | $0 | No position statement provided to Market Forces | ![]() |
Dalby Credit Union | $0 | No position statement provided to Market Forces | ![]() |
Dnister Ukrainian Credit Co-operative | $0 | No position statement provided to Market Forces | ![]() |
Family First Credit Union | $0 | No position statement provided to Market Forces | ![]() |
Firefighters Credit Co-operative | $0 | No position statement provided to Market Forces | ![]() |
Fire Service Credit Union | $0 | No position statement provided to Market Forces | ![]() |
First Option Bank | $0 | No position statement provided to Market Forces | ![]() |
Geelong Bank | $0 | No position statement provided to Market Forces | ![]() |
Goldfields Money | $0 | No position statement provided to Market Forces | ![]() |
Gympie Credit Union | $0 | No position statement provided to Market Forces | ![]() |
Hunter United | $0 | No position statement provided to Market Forces | ![]() |
Illawarra Credit Union | $0 | No position statement provided to Market Forces | ![]() |
LLL (Lutheran Laypeople's League of Australia) | $0 | No position statement provided to Market Forces | ![]() |
Lysaght Credit Union | $0 | No position statement provided to Market Forces | ![]() |
MacArthur Credit Union | $0 | No position statement provided to Market Forces | ![]() |
Macquarie Credit Union | $0 | No position statement provided to Market Forces | ![]() |
MyLife MyFinance | $0 | No position statement provided to Market Forces | ![]() |
Northern Inland Credit Union | $0 | No position statement provided to Market Forces | ![]() |
Nova Alliance Bank | $0 | No position statement provided to Market Forces | ![]() |
Orange Credit Union | $0 | No position statement provided to Market Forces | ![]() |
Pulse Credit Union | $0 | No position statement provided to Market Forces | ![]() |
Pepper Money | $0 | No position statement provided to Market Forces | ![]() |
Reliance Bank | $0 | No position statement provided to Market Forces | ![]() |
South West Credit | $0 | No position statement provided to Market Forces | ![]() |
Tyro | $0 | No position statement provided to Market Forces | ![]() |
Unity Bank | $0 | No position statement provided to Market Forces | ![]() |
Warwick Credit Union | $0 | No position statement provided to Market Forces | ![]() |
Woolworths Employees' Credit Union | $0 | No position statement provided to Market Forces | ![]() |
Name | Amount Invested | Position | Take Action |
---|---|---|---|
86 400 | N/A | On 3 Feb 2020 (prior to the acquisition of 86 400 by NAB), 86 400 provided the following statement: "We’re committed to operating a sustainable and socially responsible business. You’ll be pleased to hear that we don’t invest in or lend money to companies in the fossil fuels industry, for example." As of 19 May 2021, 86 400 is owned by NAB which is invested in fossil fuels. | ![]() |
Adelaide Bank | $0 | "In respect of our own carbon footprint we make conscious decisions to reduce and offset our impact and we help others do the same by offering green products and services. As we do not currently lend to projects in the coal and coal seam gas sectors, we are simply taking a pragmatic approach that says it makes no sense to broaden our footprint by starting to do so." | ![]() ![]() |
AMP | $0.530bn | loaned to fossil fuels from 2016 - 2020. AMP (via AMP Capital Investors) also holds more than $1 billion of shares in numerous coal, oil and gas companies, including Whitehaven Coal, Woodside Petroleum and ExxonMobil (shareholdings current as of latest filing date reported by financial data provider Refinitiv Eikon in June 2020). | ![]() |
ANZ | $18.609bn | loaned to fossil fuels globally from 2016 - 2022 | ![]() ![]() |
Australian Military Bank | $0 | Australian Military Bank "primarily provides retail banking services to its members and does not undertake commercial lending." | ![]() ![]() |
Australian Mutual Bank | $0 | "Australian Mutual Bank does not have any direct investments in the fossil fuel industry. Nor are there direct investments in gambling, armaments, persistent chemicals, or animal testing. Australian Mutual Bank’s banking services are directed to improving the economic and social well-being of members as opposed to corporate speculative gain." | ![]() ![]() |
Australian Unity | $0 | "The bank does not do commercial lending and isn’t a lender to the fossil fuel industry." | ![]() ![]() |
Auswide Bank | $0 | "Auswide Bank does not finance companies engaged principally in the exploration, mining, manufacture or export of thermal coal or coal seam gas. Nor do we intentionally invest directly in companies specialising in these areas. We are always committed to the protection of our environment in both our banking and operating practices and endeavour at all times to be a responsible corporate citizen." | ![]() ![]() |
AWA Alliance Bank | $0 | "AWA's mission is to significantly contribute to an improved and sustainable future for our members and their communities, as such, our lending and investment portfolio precludes any involvement in the fossil fuel industry." | ![]() ![]() |
Bank of us (formerly B&E) | $0 | "As a customer owned bank, Bank of us operates by the values that are important to our community. We can confirm that we have no loans or investments in coal or mining industries" | ![]() ![]() |
BCU | $0 | "Lending at P&N Bank excludes large-scale activities, projects and industries involved in exploration, extraction or production of fossil fuels or in electricity generation from fossil fuels." Note: BCU Bank has merged with P&N Bank and has the same policy position. | ![]() ![]() |
Bank Australia | $0 | "Bank Australia has not made and will not make any loans to the fossil fuel industry, including coal and coal seam gas. Bank Australia is also conscious of the impact of its own operations and has been carbon neutral since 2011." | ![]() ![]() |
Bank First | $0 | Does not directly invest in listed or unlisted shares. Also "does not invest in fossil fuels and has no plans to do so." | ![]() ![]() |
Bank of China | $5.258bn | loaned to fossil fuels in Australia from 2016 - 2020 | ![]() |
Bank of Heritage Isle | $0 | No position provided | ![]() |
Bank of Melbourne | N/A | Owned by Westpac which is invested in fossil fuels | ![]() |
Bank of Queensland | $16.4m | lending exposure to companies directly involved in the extraction of fossil fuels (as of 31 August 2020). However BOQ has committed to not provide such finance moving forward and says it will reduce the $16.4m of fossil fuel finance arrangements to zero by the end of 2024. It also clarified that: "BOQ has no exposure to coal-fired power generators and has no appetite for lending to this sector." | ![]() ![]() ![]() |
BankSA | N/A | Owned by Westpac which is invested in fossil fuels | ![]() |
Bankstown City Unity Bank | $0 | No position provided | ![]() |
BankVic | $0 | "BankVic lends only to members for personal purposes. We do not lend to businesses nor invest in the fossil fuel industry." | ![]() ![]() |
Bankwest | N/A | Owned by Commonwealth Bank which is invested in fossil fuels | ![]() |
BDCU Alliance Bank | $0 | "We make conscious decisions to reduce and offset our impact and we help others do the same by offering green products and services and reviewing how we go about our business. We do not currently lend to projects in the coal and coal seam gas sectors and given our commitment to reducing our environmental footprint, it makes sense to continue this approach throughout our business including the investments we make’’ | ![]() ![]() |
Bendigo Bank | $0 | "In respect of our own carbon footprint we make conscious decisions to reduce and offset our impact and we help others do the same by offering green products and services. As we do not currently lend to projects in the coal and coal seam gas sectors, we are simply taking a pragmatic approach that says it makes no sense to broaden our footprint by starting to do so." | ![]() ![]() |
Beyond Bank | $0 | "Beyond Bank Australia does not have any investments with fossil-fuel associated companies. We're a community focused bank and we work closely with community groups to create good together through health, education and the environment." | ![]() ![]() |
BNK Bank | $0 | No position provided | ![]() |
Border Bank | $0 | No position provided | ![]() |
Broken Hill Community Credit Union | $0 | No position provided | ![]() |
Cairns Bank | $0 | No position provided | ![]() |
Capricornian | $0 | No position provided | ![]() |
Central Murray Credit Union | $0 | No position provided | ![]() |
Central West Credit Union | $0 | No position provided | ![]() |
CIRCLE Alliance Bank | $0 | No position provided | ![]() |
Citi | $1.439bn | loaned to fossil fuels from 2016 - 2020 | ![]() |
Coastline Credit Union | $0 | "Coastline is a community banking organisation which supports local social programs for the benefit of the Macleay, Hastings and Manning regions in the Mid North Coast of NSW. Coastline does not provide finance to or invest in large corporate entities or companies who undertake exploration, extraction or manufacturing of fossil fuel products." | ![]() ![]() |
Commonwealth Bank | $15.791bn | loaned to fossil fuels globally from 2016 - 2022 | ![]() ![]() |
Country First Credit Union | $0 | No position provided | ![]() |
Credit Union SA | $0 | "Credit Union SA's principle activities are the provision of retail financial services including accepting member deposits and advancing loans to members. The Credit Union primarily invests funds received from members deposits in retail loans to members. The remaining funds are primarily held in cash and liquid investments with other financial institutions to meet minimum liquidity compliance requirements under the Australian Prudential Regulatory Authority (APRA). No funds are directly invested by the Credit Union in the fossil fuel industry. " | ![]() ![]() |
Dalby Credit Union | $0 | No position provided | ![]() |
Defence Bank | $0 | "We can confirm that Defence Bank do not and will not provide loans to fund new coal or gas mining, transport or export projects that enter the boundary of the Great Barrier Reef World Heritage Area." | ![]() ![]() |
Delphi Bank | $0 | "In respect of our own carbon footprint we make conscious decisions to reduce and offset our impact and we help others do the same by offering green products and services. As we do not currently lend to projects in the coal and coal seam gas sectors, we are simply taking a pragmatic approach that says it makes no sense to broaden our footprint by starting to do so." | ![]() ![]() |
Dnister Ukrainian Credit Co-operative | $0 | No position provided | ![]() |
Endeavour Mutual Bank | $0 | "Endeavour Mutual Bank does not have any direct investments in the fossil fuel industry. Nor are there direct investments in gambling, armaments, persistent chemicals, or animal testing. Australian Mutual Bank’s banking services are directed to improving the economic and social well-being of members as opposed to corporate speculative gain." | ![]() ![]() |
Family First Credit Union | $0 | No position provided | ![]() |
Fire Brigades Employees' Credit Union | $0 | No position provided | ![]() |
Firefighters Credit Co-operative | $0 | No position provided | ![]() |
Firefighters Mutual Bank (formerly Fire Board (NSW) Employees Credit Union & Fire Brigades Employees' Credit Union) | $0 | "The Bank does not use members’ deposits to directly lend to, buy equity or debt in, any large-scale greenhouse polluting activities from fossil fuel exploration, extraction, production and use. The Bank does not use members’ funds to finance large-scale greenhouse-gas pollution. | ![]() ![]() |
Fire Service Credit Union | $0 | No position provided | ![]() |
First Choice Credit Union | $0 | "First Choice Credit Union does not invest in the fossil fuel industry." | ![]() ![]() |
First Option Bank | $0 | No position provided | ![]() |
G&C Mutual Bank | $0 | "1) We have no direct investments in any large scale polluting activity or company. 2) We do not use members fund to finance large greenhouse gas production. 3) We do not use members deposits to directly lend to, buy equity or debt in, any large-scale greenhouse polluting activities from fossil fuel exploration, extraction, production and use." | ![]() ![]() |
Gateway Bank | $0 | Gateway Bank "does not have any direct investment in fossil fuel industries, nor does it intend on investing in any fossil fuels industries in the future." | ![]() ![]() |
Geelong Bank | $0 | No position provided | ![]() |
Goldfields Money | $0 | No position provided | ![]() |
Goulburn Murray Credit Union | $0 | "GMCU does not lend to or invest in the fossil fuel (coal, gas and oil) industry." | ![]() |
Greater Bank | $0 | "The Greater does not invest or lend to companies directly involved in the fossil fuel industry." | ![]() ![]() |
Great Southern Bank (formerly CUA) | $0 | "CUA does not directly finance the coal and gas sector and we do not lend directly to companies within those sectors. As Australia's largest credit union, CUA's business is the provision of personal banking products and services and our business banking customers are typically within the SME sector." | ![]() ![]() |
Gympie Credit Union | $0 | No position provided | ![]() |
Health Professionals Bank | $0 | "The Bank does not use members’ deposits to directly lend to, buy equity or debt in, any large-scale greenhouse polluting activities from fossil fuel exploration, extraction, production and use. The Bank does not use members’ funds to finance large-scale greenhouse-gas pollution. | ![]() ![]() |
Heritage Bank | $0 | "Heritage Bank does not invest with companies involved in coal and gas production." | ![]() ![]() |
Horizon Bank | $0 | "Horizon Bank is a responsible and influential environmental citizen, as such, Horizon Bank does not directly invest in, or provide loans to, any company in the fossil fuel industry." | ![]() ![]() |
HSBC | $1.375bn | loaned to fossil fuels in Australia from 2016 - 2020 | ![]() |
Hume Bank | $0 | "As a customer owned organisation, Hume Bank operates by the values that are important to our community. We seek to be a sustainable organisation in every way. We can confirm that we have no loans to coal or mining industries nor any investments in these sectors." | ![]() ![]() |
Hunter United | $0 | “Hunter United is a customer-owned mutual providing retail banking services to its members and does not undertake commercial lending." | ![]() |
Illawarra Credit Union | $0 | No position provided | ![]() |
IMB | $0 | "IMB's investment policy precludes investment by IMB in shares and therefore IMB does not hold and shares in companies such as those you describe [in the fossil fuel industry]. IMB does not have any equity investments in the fossil fuel sector. IMB Treasury does not have any direct investments in the fossil fuel sector." | ![]() ![]() |
ING | $0.722bn | loaned to fossil fuels in Australia from 2016 - 2020 | ![]() |
Judo Bank | $0 | "We do not invest in the fossil fuel industry. As a challenger bank primarily providing business lending to Australian small and medium-sized enterprises and serving Australian retail term deposit and residential and investment housing loan customers, we are not involved in directly financing large fossil fuel industry projects or companies." | ![]() ![]() |
Laboratories Credit Union (LCU) | $0 | “LCU provides personal banking services to our members. We do not lend to the fossil fuel sector and we won't in the future either. We're helping to create a better planet by refusing to lend money to the fossil fuel industry. We also offer a range of green products to help encourage our members to purchase goods, like cars and home improvements (eg. solar and water saving devices), that are kinder to our environment.” | ![]() |
LLL (Lutheran Laypeople's League of Australia) | $0 | No position provided | ![]() |
Lysaght Credit Union | $0 | No position provided | ![]() |
MacArthur Credit Union | $0 | No position provided | ![]() |
Macquarie | $5.026bn | loaned to fossil fuels globally from 2016 - 2020. Macquarie (via Macquarie Investment Management and other subsidiaries) also holds more than $2.5 billion of shares in numerous coal, oil and gas companies, including Peabody Energy Corp, BP, Chevron and Shell (shareholdings current as of latest filing date reported by financial data provider Refinitiv Eikon in June 2020). | ![]() |
Macquarie Credit Union | $0 | No position provided | ![]() |
Maleny Credit Union (MCU) | $0 | "MCU will endeavour to avoid financial or any other support to individuals or businesses whose activities are detrimental or destructive of the environment, harmful to members of society or inhumane." | ![]() ![]() |
ME Bank | N/A | On 1 Nov 2018 (prior to the acquisition of ME Bank by Bank of Queensland), ME Bank provided the following statement: "ME does not have any investments in the mining industry, including the coal and gas export industries, and does not intend to invest in these industries in future." As of 1 July 2021, ME Bank is owned by Bank of Queensland which is invested in fossil fuels. | ![]() ![]() |
MOVE Bank | $0 | With regard to investments in the fossil fuel industry (coal, gas and oil), MOVE Bank states: "We can confirm that MOVE Bank does not actively invest in these industries. We do hold investments with other financial institutions, but cannot confirm what their relationship with these industries may be." | ![]() ![]() |
MyState Bank | $0 | "As a company that is committed to a sustainable community, MyState does not directly invest in any coal, gas or oil projects. Our investment policy states that we invest our money with other approved deposit taking institutions (ADIs)." | ![]() ![]() |
National Australia Bank | $14.093bn | Loaned to fossil fuels globally from 2016 - 2022 | ![]() ![]() |
Newcastle Permanent | $0 | "Newcastle Permanent is a customer-owned (or mutual) retail banking institution that deploys its funds primarily for home loans, personal lending, and small businesses. Although Newcastle Permanent is the largest building society in Australia, being a relatively smaller financial institution compared to the major and regional banks, Newcastle Permanent is not involved in financing large mining projects." | ![]() ![]() |
Northern Inland Credit Union | $0 | No position provided | ![]() |
Nova Alliance Bank | $0 | No position provided | ![]() |
Orange Credit Union | $0 | No position provided | ![]() |
P&N Bank | $0 | "Lending at P&N Bank excludes large-scale activities, projects and industries involved in exploration, extraction or production of fossil fuels or in electricity generation from fossil fuels." Note: BCU Bank has merged with P&N Bank and has the same policy position. | ![]() ![]() |
People's Choice Credit Union | $0 | "No, we don't have any equity investments in the fossil fuel sector, nor do we lend directly to companies in those sectors. This is because as a credit union our business banking clients are SMEs [small and medium enterprises] rather than large corporate entities." | ![]() ![]() |
Pepper Money | $0 | No position provided | ![]() |
Police Bank | $0 | "Police Bank provides personal banking services to our members and does not directly invest in projects involved in the coal, gas and oil sectors." | ![]() ![]() |
Police Credit Union | $0 | "As part of our pledge to operate in an environmentally sustainable manner in 2008, we committed to reducing our carbon emissions by at least 5% a year. In 2018, we well exceeded our goal, achieving a 100% carbon neutral position, two years ahead of target. Police Credit Union does not fund fossil fuels." | ![]() ![]() |
Pulse Credit Union | $0 | No position provided | ![]() |
Qudos Bank | $0 | "The Board will only allow our customer’s money to be placed in deposits with: 1) the Commonwealth Government or the government of an Australian State or Territory; 2) a financial institution guaranteed by the Commonwealth Government or the government of an Australian State or Territory; and 3) Authorised Deposit Taking Institutions (ie banks) trading in Australia who are rated at least investment grade. By restricting our investments to deposits with the government or other banks and credit unions we are not investing in unethical investments and do not support the coal/fossil fuel industries or environmentally detrimental projects." | ![]() ![]() |
QBANK (Formerly Queensland Police Credit Union) | $0 | “QBANK does not directly lend to or directly invest in projects or businesses involved in the coal, gas and oil sectors.” | ![]() ![]() |
Queensland Country Bank | $0 | “Queensland Country does not invest directly in the fossil fuel industry.” | ![]() ![]() |
Rabobank | $0 | "Rabobank finances the sustainable development of the food & fibre industry and as a global Food & Agriculture bank, the fossil fuel industry is not relevant for us. As such, Rabobank Australia & New Zealand does not finance the primary production of fossil fuels and has communicated in a number of cases our concerns about exploring unconventional fuels such as CSG, Shale Gas and Tar Sands." | ![]() ![]() |
RACQ Bank | $0 | "RACQ Bank does not invest in or lend to the fossil fuel industry." | ![]() ![]() |
RAMS | N/A | Owned by Westpac which is invested in fossil fuels | ![]() |
Regional Australia Bank | $0 | "We do not invest in or lend to the coal or gas industries, and prefer to invest in clean technologies and refine our banking product to reward socially responsible and environmentally friendly initiatives." | ![]() ![]() |
Reliance Bank | $0 | No position provided | ![]() |
Rural Bank | $0 | "In respect of our own carbon footprint we make conscious decisions to reduce and offset our impact and we help others do the same by offering green products and services. As we do not currently lend to projects in the coal and coal seam gas sectors, we are simply taking a pragmatic approach that says it makes no sense to broaden our footprint by starting to do so." | ![]() ![]() |
Service One Alliance Bank | $0 | "SERVICE ONE does not directly invest or lend to companies that are involved in Fossil Fuels." | ![]() ![]() |
South West Slopes Credit Union | $0 | "SWSCU does NOT invest in coal, oil or gas companies that are involved with unsustainable environmental nor climate impacting organisations.” | ![]() ![]() |
Southern Cross Credit Union | $0 | "Southern Cross Credit Union does not support investment in the fossil fuel industry. We believe reducing our carbon footprint is vitally important and as such we actively support sustainability initiatives within our business and the greater community." | ![]() ![]() |
South West Credit | $0 | No position provided | ![]() |
St George | N/A | Owned by Westpac which is invested in fossil fuels | ![]() |
Summerland Credit Union | $0 | "Summerland does not have any loans to organisations involved in the fossil fuel exploration/export business. Summerland's primary lending focus is concentrated around residential mortgages, small/medium business and community organisations as well as personal loans." | ![]() ![]() |
Suncorp Bank | $0 | Market Forces' research shows that Suncorp Bank did make loans to fossil fuels in 2008/2009, but the bank has since released the following position statement stating that they have withdrawn from the sector - "We no longer have any exposure [to fossil fuel companies] as Suncorp Bank only provides lending to personal, SME and agribusiness clients so does not have exposure to large corporations including fossil fuel projects." NOTE: Suncorp also undertakes insurance activities. Check marketforces.org.au/insurance for an update on Suncorp's insurance business. | ![]() ![]() |
Sydney Mutual Bank | $0 | "Sydney Mutual Bank does not have any direct investments in the fossil fuel industry. Nor are there direct investments in gambling, armaments, persistent chemicals, or animal testing. Sydney Mutual Bank’s banking services are directed to improving the economic and social well-being of members as opposed to corporate speculative gain." | ![]() ![]() |
Teachers Mutual Bank | $0 | "The Bank does not use members’ deposits to directly lend to, buy equity or debt in, any large-scale greenhouse polluting activities from fossil fuel exploration, extraction, production and use. The Bank does not use members’ funds to finance large-scale greenhouse-gas pollution. | ![]() ![]() |
The Mutual Bank | $0 | "The Mutual Bank does not invest directly in the fossil fuel industry, nor are we directly involved in financing large scale mining projects that cause harm to our natural environment." | ![]() ![]() |
Traditional Credit Union | $0 | "Nil business lending offered." | ![]() ![]() |
MyLife MyFinance | $0 | No position provided | ![]() |
Transport Mutual Credit Union | $0 | "Transport Mutual Credit Union does not invest in the fossil fuel industry." | ![]() ![]() |
Tyro | $0 | No position provided | ![]() |
UBank | N/A | Owned by National Australia Bank which is invested in fossil fuels | ![]() |
UniBank (formerly unicredit) | $0 | "The Bank does not use members’ deposits to directly lend to, buy equity or debt in, any large-scale greenhouse polluting activities from fossil fuel exploration, extraction, production and use. The Bank does not use members’ funds to finance large-scale greenhouse-gas pollution. | ![]() ![]() |
Unity Bank | $0 | No position provided | ![]() |
Up Bank | $0 | "Deposits provided through the Up apps are held by Bendigo and Adelaide Bank ... Bendigo Bank does not currently lend to and has no plans to lend to projects in the coal and coal seam gas sectors." | ![]() ![]() |
Volt Bank | $0 | Position received July 2021: "Volt Bank does not currently invest in or lend money to companies in the fossil fuel industry and has no plans to in the future." | ![]() ![]() |
Warwick Credit Union | $0 | No position provided | ![]() |
WAW Credit Union | $0 | "WAW does not invest in gas or coal." | ![]() ![]() |
Westpac | $9.013bn | loaned to fossil fuels globally from 2016 - 2022 | ![]() ![]() |
Woolworths Employees' Credit Union | $0 | No position provided | ![]() |