Direct Lobbying Transparency
| Overall Assessment | Comment | Score |
|---|---|---|
| Comprehensive | National Australia Bank Limited (NAB) has demonstrated comprehensive transparency in its climate lobbying activities. The company has disclosed specific climate policies it has engaged with, including consultations with the Department of Agriculture, Fisheries and Forestry on the Agricultural and Land Sectoral Plan, the Department of Treasury on Australia's Sustainable Finance Strategy and Climate-related Financial Disclosure Exposure Draft Legislation, and the Australian Sustainability Reporting Standards Boards on the Disclosure of Climate-related Financial Information. Additionally, NAB has engaged with the Department of Climate Change, Energy, Environment and Water on the National Adaptation Plan Issues Paper and the Climate Change Authority's 2024 Issues Paper on Targets, Pathways, and Progress. These references clearly identify the policies and legislative areas NAB has lobbied, ensuring transparency in its climate-related lobbying activities. NAB has also disclosed both direct and indirect lobbying mechanisms, including direct consultations with government entities, participation in industry roundtables, and contributions to industry association submissions and statements. Specific targets include the Department of Agriculture, Fisheries and Forestry, the Department of Treasury, the Australian Sustainability Reporting Standards Boards, the Department of Climate Change, Energy, Environment and Water, and the Climate Change Authority. These disclosures provide clarity on both the methods of engagement and the entities targeted. Furthermore, NAB has been transparent about the specific outcomes it seeks through its lobbying efforts, advocating for sectoral pathways, sustainable finance, emissions reduction, energy efficiency and electrification, climate disclosure and consistent reporting regimes, managing climate risk, just transition for workers and communities, natural disasters, climate resilience, and biodiversity. These clearly stated goals reflect NAB's desired policy changes and outcomes, demonstrating alignment with its climate-related objectives. | 4 |