We are committed to playing our part as we navigate climate change and an economy in transition.
Climate commitments
The Bank has set the following targets to guide climate action and assess performance. All commitments are measured against a 2020 baseline. Please see our most recent Climate Disclosure and ESG Data Summary for further detail on these commitments and our performance.
No direct lending exposure to coal, coal seam gas, crude oil, natural gas, native forest logging projects.1
Reduce Scope 1 and 2 emissions by 92% by 2030.
Maintain carbon neutral status.
Maintain 100% renewable energy.
Reduce Commercial Real Estate emissions to 11.68 kgCO2e/m2 (-70%) by 2030.2
Reduce Residential Mortgages emissions to 7.26 kgCO2e/m2 (-59%) by 2030.2
Support Agri customers through climate-related insights, banker capability and engagement with highest emitting customers.2
Climate Strategy
Bendigo and Adelaide Bank is well-positioned to strategically support our customers, communities and stakeholders to prepare for and adapt to the impacts and opportunities presented by our changing climate.
Our Climate Strategy ensures that risks and opportunities are managed so that we can best deliver on our purpose to feed into the prosperity of communities. The Climate & Nature Action Plan guides us to deliver four outcomes:
- A climate integrated business: effective and integrated risk management and opportunity realisation throughout our business.
- Climate resilient customers and communities: build preparedness for physical & transitional impacts in the communities we serve.
- Reduced emissions and natural impact: real world reductions in emissions and impacts on nature in our business and with our customers.
- Trust: continue to grow trust through governance, authentic engagement and transparent disclosure.
Things you should know
1 Our policy is not to provide finance directly to projects or large-scale electricity generation in the following sectors: coal; coal seam gas; crude oil; natural gas; native forest logging. For example, we do not provide finance directly to grid connected fossil fuel electricity generation however, we may provide equipment finance to support a customer’s backup diesel generator.
2 BEN 1.5˚C is Bendigo Bank’s evolved, data-led climate approach, replacing our absolute emissions reduction commitment. It uses intensity-based targets aligned with the Paris Agreement and SBTi's 1.5°C pathway, focusing decarbonisation efforts on key sectors: agriculture, residential mortgages, and commercial real estate in its place. Refer to the 2025 Climate Disclosure for more information.
