As a customer-owned bank, Bank Australia aims to champion sustainability in its banking practices including a strong commitment to social responsibility.

The Bank aims to empower its customers and communities to make positive impacts through their financial decisions. Bank Australia commits to support environmentally sustainable projects, reducing carbon emissions and aiding climate change mitigation.

The Bank has broad lending restrictions including for fossil fuels, live export and gambling. The company actively engages in community initiatives, supports affordable housing, and promotes financial inclusion, aligning with ethical investors' desire for social and environmental responsibility. The company offers fee-free products for low-income earners.

Annually, Bank of Australia allocates up to 4% of post-tax profits towards various social and environmental causes to maintain their mission to give back to the community.  

Positive contribution 

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The University of Melbourne's Green bond program directs money raised towards environmentally responsible projects. Initial projects included sustainable buildings (four with 6-star environmental ratings), with funds also able to be used for energy-efficient systems and the promotion of renewable energy on campus.

The University’s reporting for its green bonds includes updates on how bond proceeds are used in environmentally sustainable projects. The University of Melbourne also delivers strong educational benefits through its core teaching and research mission.

Our periodic ethical reviews of universities and ethical engagement consider universities’ approach to the use of animals in research including measures to find alternatives to the use of animals and to reduce the suffering of animals which are used.  

SDG contribution

What are SDGs?
 

	Sustainable cities and communities
	Climate action

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The Australian Government’s Department of Climate Change, Energy, the Environment and Water estimates more than $80 billion of investment is needed in Australia alone to fund renewable energy generation, like solar, wind and battery technology in the next 6 years for us to keep up with our global pledges on carbon emissions and global warming.

Our Infrastructure Debt Fund supplies debt to fund the development of renewable energy projects such as solar, wind, and batteries, as well as loans for social infrastructure such as schools and hospitals, and property projects with a social or environmental benefit such as social housing.

SDG contribution

What are SDGs?
 

Affordable and clean energy

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