{"id":7197,"date":"2022-05-31T08:56:10","date_gmt":"2022-05-30T22:56:10","guid":{"rendered":"https:\/\/350.org.au\/?p=7197"},"modified":"2022-05-31T10:02:48","modified_gmt":"2022-05-31T00:02:48","slug":"how-do-the-big-4-banks-stack-up-to-the-iea-net-zero-emissions-scenario","status":"publish","type":"post","link":"https:\/\/world.350.org\/australia\/how-do-the-big-4-banks-stack-up-to-the-iea-net-zero-emissions-scenario\/","title":{"rendered":"How do the big 4 banks stack up to the IEA Net Zero Emissions Scenario?"},"content":{"rendered":"<p>350.org\u2019s scorecard compares lending policies of the big 4 banks to criteria set out by the Oxford Sustainable Finance Group, which produced a briefing paper in March 2022 on the implications of the IEA NZE by 2050 Scenario for Financial Institutions who have committed to Net Zero Emissions<\/p>\n<a href=\"https:\/\/350.org.au\/files\/2022\/05\/Screen-Shot-2022-05-31-at-8.59.45-am.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-7201\" src=\"https:\/\/350.org.au\/files\/2022\/05\/Screen-Shot-2022-05-31-at-8.59.45-am-700x226.png\" alt=\"\" width=\"700\" height=\"226\" srcset=\"https:\/\/world.350.org\/australia\/files\/2022\/05\/Screen-Shot-2022-05-31-at-8.59.45-am-700x226.png 700w, https:\/\/world.350.org\/australia\/files\/2022\/05\/Screen-Shot-2022-05-31-at-8.59.45-am-1024x330.png 1024w, https:\/\/world.350.org\/australia\/files\/2022\/05\/Screen-Shot-2022-05-31-at-8.59.45-am-768x248.png 768w, https:\/\/world.350.org\/australia\/files\/2022\/05\/Screen-Shot-2022-05-31-at-8.59.45-am-1536x495.png 1536w, https:\/\/world.350.org\/australia\/files\/2022\/05\/Screen-Shot-2022-05-31-at-8.59.45-am.png 2048w, https:\/\/world.350.org\/australia\/files\/2022\/05\/Screen-Shot-2022-05-31-at-8.59.45-am-430x139.png 430w, https:\/\/world.350.org\/australia\/files\/2022\/05\/Screen-Shot-2022-05-31-at-8.59.45-am-20x6.png 20w, https:\/\/world.350.org\/australia\/files\/2022\/05\/Screen-Shot-2022-05-31-at-8.59.45-am-1280x413.png 1280w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/a>\n<h6>*NAB\u2019s policy says: \u201cWe will only consider directly financing greenfield gas extraction in Australia where it plays a role in underpinning national energy security\u201d; \u201cWe will not directly finance greenfield gas extraction projects outside Australia\u201d; and \u201cWe will not directly finance greenfield oil extraction projects or onboard new customers with a predominant focus on oil extraction\u201d<br \/>\n** The latest climate science shows that we need to reach net-zero emissions far sooner than 2050, with Australian emissions needing to be at net zero by 2035 at the latest.<\/h6>\n<p>&nbsp;<\/p>\n<blockquote><p>\u00a0\u201cBanks that are still funding oil and gas expansion are committed to greenwashing, not the Paris Agreement. The only credible way banks can play their part in reducing emissions in line with what science demands is to stop funding fossil fuel expansion.\u201d &#8211; Lucy Manne, CEO of 350.org.au Australia<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Learn how Commbank, ANZ, Westpac and NAB perform against the International Energy Agency\u2019s recommendations. <\/p>\n","protected":false},"author":909,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46,17],"tags":[],"class_list":["post-7197","post","type-post","status-publish","format-standard","hentry","category-investigations","category-publications"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How do the big 4 banks stack up to the IEA Net Zero Emissions Scenario? - 350 Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/world.350.org\/australia\/how-do-the-big-4-banks-stack-up-to-the-iea-net-zero-emissions-scenario\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How do the big 4 banks stack up to the IEA Net Zero Emissions Scenario? - 350 Australia\" \/>\n<meta property=\"og:description\" content=\"Learn how Commbank, ANZ, Westpac and NAB perform against the International Energy Agency\u2019s recommendations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/world.350.org\/australia\/how-do-the-big-4-banks-stack-up-to-the-iea-net-zero-emissions-scenario\/\" \/>\n<meta property=\"og:site_name\" content=\"350 Australia\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-30T22:56:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-31T00:02:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/350.org.au\/files\/2022\/05\/Screen-Shot-2022-05-31-at-8.59.45-am-700x226.png\" \/>\n<meta name=\"author\" content=\"kellyalbion\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"kellyalbion\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/world.350.org\\\/australia\\\/how-do-the-big-4-banks-stack-up-to-the-iea-net-zero-emissions-scenario\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/world.350.org\\\/australia\\\/how-do-the-big-4-banks-stack-up-to-the-iea-net-zero-emissions-scenario\\\/\"},\"author\":{\"name\":\"kellyalbion\",\"@id\":\"https:\\\/\\\/world.350.org\\\/australia\\\/#\\\/schema\\\/person\\\/c08290c548e130cf3ac91b4f012e9842\"},\"headline\":\"How do the big 4 banks stack up to the IEA Net Zero Emissions Scenario?\",\"datePublished\":\"2022-05-30T22:56:10+00:00\",\"dateModified\":\"2022-05-31T00:02:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/world.350.org\\\/australia\\\/how-do-the-big-4-banks-stack-up-to-the-iea-net-zero-emissions-scenario\\\/\"},\"wordCount\":196,\"publisher\":{\"@id\":\"https:\\\/\\\/world.350.org\\\/australia\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/world.350.org\\\/australia\\\/how-do-the-big-4-banks-stack-up-to-the-iea-net-zero-emissions-scenario\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/350.org.au\\\/files\\\/2022\\\/05\\\/Screen-Shot-2022-05-31-at-8.59.45-am-700x226.png\",\"articleSection\":[\"Investigations\",\"Publications\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/world.350.org\\\/australia\\\/how-do-the-big-4-banks-stack-up-to-the-iea-net-zero-emissions-scenario\\\/\",\"url\":\"https:\\\/\\\/world.350.org\\\/australia\\\/how-do-the-big-4-banks-stack-up-to-the-iea-net-zero-emissions-scenario\\\/\",\"name\":\"How do the big 4 banks stack up to the IEA Net Zero Emissions Scenario? 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