{ "@context": "https://schema.org", "@type": "Article", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://www.bankaust.com.au/blog/{{slug}}" }, "headline": "{{title}}", "description": "{{desc}}", "image": "{{image}}", "author": { "@type": "Organization", "name": "Bank Australia", "url": "https://www.bankaust.com.au/" }, "publisher": { "@type": "Organization", "name": "Bank Australia", "logo": { "@type": "ImageObject", "url": "https://cdn.prod.website-files.com/64d5d5beb2a67e9491ecdff8/64d5d5beb2a67e9491ece00c_BA-logo-white.webp" } }, "datePublished": "{{datePublished}}", "dateModified": "{{dateModified}}" }
Alert notice

Changes to cross-brand servicing: From 29 August 2025, we're making changes to our cross-brand servicing operations. Learn more.

2025-07-01 9:47 am
Alert notice

10 September 2025 – Targeted SMS impersonation scams. We’re aware of scam SMS messages impersonating Bank Australia using personal details and fake passcodes to trick customers. Learn more

2022-10-07 2:57 pm
Back to blog
News

Bank Australia commits to 2035 net zero target

Photo journal

Bank Australia has today announced its commitment to achieve net zero emissions across its operations, and lending and investment portfolio by 2035.

The 2035 net zero target is the headline commitment in Bank Australia’s new climate action strategy that sets out its ambitions for the coming decade across the key areas of decarbonisation, climate justice, regenerative finance, and the protection of nature.

The bank is committed to aligning with best practice on net zero for financial institutions as it emerges, including limiting reliance on carbon offsets.

In support of its pathway to net zero emissions, Bank Australia will seek endorsement of its 2030interim emissions reduction targets across its scope 1, 2 and 3 emissions by the Science Based Targets initiative within 12 months. These science based targets will apply to Bank Australia’s operations, as well as its residential and commercial lending and corporate bond portfolios, which make up 84% of its lending and investment activities.

Bank Australia Managing Director Damien Walsh said that now is a critical time for business to take decisive action and commit to deeper and more rapid decarbonisation of the economy.

“Climate change is the most urgent challenge of our time. At Bank Australia, we’ve been listening to our customers and we know it’s their number one concern, and it’s one we share.

“Our 2035 net zero target is the most ambitious of any bank in the country and makes Bank Australia one of the most ambitious banks globally. We hope our stance encourages other banks and financial institutions to accelerate their climate objectives as well.”

“We’ve set an ambitious target to achieve net zero emissions across not only our operations, but across our lending portfolio. We know that to achieve net zero, we’ll need to work in partnership with our customers to reduce their emissions and advocate for rapid electrification of Australian homes.”

“We’ll also be exploring directly investing in projects that drawdown carbon from the atmosphere through our conservation reserve project and committing to financing $1.5 billion of clean energy transition and conservation by 2025.”

“Our strategy has a focus on climate justice, both for regions transitioning away from fossil fuels like the Latrobe Valley and prioritising First Nations leadership and voices on climate action.

“These targets are bold. We don’t yet have all the answers on how we’re going to achieve them, but we’re committed to working hard and being transparent about our progress.”

Visit bankaust.com.au/climate

Related stories

Impact

Episode  - “I’m in the right place.” Accessible Homes Australia is creating beautiful, safe homes for people with disability

On the northern tip of the Gold Coast, Hope Island is a purpose-built housing project that exemplifies inclusive, accessible living. Learn how Accessible Homes Australia (AHA), with the backing of Bank Australia, is helping revolutionise specialist disability accommodation in Australia.

Watch - 2 mins

Impact

How does rewilding in Australia actually work? The Forktree Project explains

On South Australia’s Fleurieu Peninsula, up to 90% of native habitat has been lost since colonisation. Through grassroots rewilding initiative The Forktree Project – a Bank Australia community customer grant recipient – environmental scientist Tim Jarvis is determined to change that, one seed at a t

News

Bank Australia variable loan rate decrease

Bank Australia will decrease variable home loan and commercial rates in response to the RBA’s recent decision to cut the official cash rate.

Impact

‘I absolutely love where I live’: how accessibility and location matter to Shanon

Moving into a thoughtfully designed and purpose-built apartment has been ‘an absolute game changer’ for Shanon, a resident at AccessAccom’s Specialist Disability Housing (SDA) apartments in Woolooware, Sydney.

Impact

Big news: announcing our 2025 community customer grant recipients

At Bank Australia, we believe in the power of community. Every year, our Community Customer Grant Program supports customers making a positive impact within our key impact areas

Impact

Partnering with purpose: Bank Australia and Muru Office Supplies

Who we do business with matters. That’s why we’re proud to announce our new partnership with Muru Office Supplies—a Supply Nation certified, Indigenous-owned business that shares our commitment to creating a more inclusive and equitable future.