Compare Bank Table - Market Forces (2024)

Banks with no record of funding fossil fuels and position statement providedAdelaide Bank$0"In respect of our own carbon footprint we make conscious decisions to reduce and offset our impact and we help others do the same by offering green products and services. As we do not currently lend to projects in the coal and coal seam gas sectors, we are simply taking a pragmatic approach that says it makes no sense to broaden our footprint by starting to do so."Thank them
Send enquiryAustralian Military Bank$0Australian Military Bank "primarily provides retail banking services to its members and does not undertake commercial lending."Thank them
Send enquiryAustralian Mutual Bank$0"Australian Mutual Bank does not have any direct investments in the fossil fuel industry. Nor are there direct investments in gambling, armaments, persistent chemicals, or animal testing. Australian Mutual Bank’s banking services are directed to improving the economic and social well-being of members as opposed to corporate speculative gain."Thank them
Send enquiryAustralian Unity$0"The bank does not do commercial lending and isn’t a lender to the fossil fuel industry."Thank them
Send enquiryAuswide Bank$0"Auswide Bank does not finance companies engaged principally in the exploration, mining, manufacture or export of thermal coal or coal seam gas. Nor do we intentionally invest directly in companies specialising in these areas. We are always committed to the protection of our environment in both our banking and operating practices and endeavour at all times to be a responsible corporate citizen."Thank them
Send enquiryAWA Alliance Bank$0"AWA's mission is to significantly contribute to an improved and sustainable future for our members and their communities, as such, our lending and investment portfolio precludes any involvement in the fossil fuel industry."Thank them
Send enquiryBank Australia$0"Bank Australia has not made and will not make any loans to the fossil fuel industry, including coal and coal seam gas. Bank Australia is also conscious of the impact of its own operations and has been carbon neutral since 2011."Thank them
Send enquiryBank First$0"Bank First does not directly invest in listed or unlisted shares. It also does not invest in fossil fuels and has no plans to do so."Thank them
Send enquiryBank of us (formerly B&E)$0"As a customer owned bank, Bank of us operates by the values that are important to our community. We can confirm that we have no loans or investments in coal or mining industries"Thank themBankVic$0"BankVic lends only to members for personal purposes. We do not lend to businesses nor invest in the fossil fuel industry."Thank them
Send enquiryBDCU Alliance Bank$0"We make conscious decisions to reduce and offset our impact and we help others do the same by offering green products and services and reviewing how we go about our business. We do not currently lend to projects in the coal and coal seam gas sectors and given our commitment to reducing our environmental footprint, it makes sense to continue this approach throughout our business including the investments we make’’Thank them
Send enquiryBendigo Bank$0"In respect of our own carbon footprint we make conscious decisions to reduce and offset our impact and we help others do the same by offering green products and services. As we do not currently lend to projects in the coal and coal seam gas sectors, we are simply taking a pragmatic approach that says it makes no sense to broaden our footprint by starting to do so."Thank them
Send enquiryBeyond Bank$0"Beyond Bank Australia does not have any investments with fossil-fuel associated companies. We're a community focused bank and we work closely with community groups to create good together through health, education and the environment."Thank them
Send enquiryCoastline Credit Union$0"Coastline is a community banking organisation which supports local social programs for the benefit of the Macleay, Hastings and Manning regions in the Mid North Coast of NSW. Coastline does not provide finance to or invest in large corporate entities or companies who undertake exploration, extraction or manufacturing of fossil fuel products."Thank them
Send enquiryCommunity First Credit Union$0"Community First has no investments in the fossil fuel industry. Our size relative to other financial institutions in Australia means that we rarely if ever hold any outside investments in wholesale markets."Thank them
Send enquiryCredit Union SA$0"Credit Union SA's principle activities are the provision of retail financial services including accepting member deposits and advancing loans to members. The Credit Union primarily invests funds received from members deposits in retail loans to members. The remaining funds are primarily held in cash and liquid investments with other financial institutions to meet minimum liquidity compliance requirements under the Australian Prudential Regulatory Authority (APRA). No funds are directly invested by the Credit Union in the fossil fuel industry. "Thank them
Send enquiryDefence Bank$0"We can confirm that Defence Bank do not and will not provide loans to fund new coal or gas mining, transport or export projects that enter the boundary of the Great Barrier Reef World Heritage Area."Thank them
Send enquiryDelphi Bank$0"In respect of our own carbon footprint we make conscious decisions to reduce and offset our impact and we help others do the same by offering green products and services. As we do not currently lend to projects in the coal and coal seam gas sectors, we are simply taking a pragmatic approach that says it makes no sense to broaden our footprint by starting to do so."Thank them
Send enquiryEndeavour Mutual Bank$0"Endeavour Mutual Bank does not have any direct investments in the fossil fuel industry. Nor are there direct investments in gambling, armaments, persistent chemicals, or animal testing. Australian Mutual Bank’s banking services are directed to improving the economic and social well-being of members as opposed to corporate speculative gain."Thank them
Send enquiryFirefighters Mutual Bank (formerly Fire Board (NSW) Employees Credit Union & Fire Brigades Employees' Credit Union)$0"The Bank does not use members’ deposits to directly lend to, buy equity or debt in, any large-scale greenhouse polluting activities from fossil fuel exploration, extraction, production and use. The Bank does not use members’ funds to finance large-scale greenhouse-gas pollution.Thank them
Send enquiryFirst Choice Credit Union$0"First Choice Credit Union does not invest in the fossil fuel industry."Thank them
Send enquiryG&C Mutual Bank$0"1) We have no direct investments in any large scale polluting activity or company. 2) We do not use members fund to finance large greenhouse gas production. 3) We do not use members deposits to directly lend to, buy equity or debt in, any large-scale greenhouse polluting activities from fossil fuel exploration, extraction, production and use."Thank them
Send enquiryGateway Bank$0Gateway Bank "does not have any direct investment in fossil fuel industries, nor does it intend on investing in any fossil fuels industries in the future."Thank them
Send enquiryGoulburn Murray Credit Union$0"GMCU does not lend to or invest in the fossil fuel (coal, gas and oil) industry."Thank themGreater Bank$0"The Greater does not invest or lend to companies directly involved in the fossil fuel industry."Thank them
Send enquiryGreat Southern Bank (formerly CUA)$0"CUA does not directly finance the coal and gas sector and we do not lend directly to companies within those sectors. As Australia's largest credit union, CUA's business is the provision of personal banking products and services and our business banking customers are typically within the SME sector."Thank them
Send enquiryHealth Professionals Bank$0"The Bank does not use members’ deposits to directly lend to, buy equity or debt in, any large-scale greenhouse polluting activities from fossil fuel exploration, extraction, production and use. The Bank does not use members’ funds to finance large-scale greenhouse-gas pollution.Thank them
Send enquiryHeritage Bank$0"Heritage Bank does not invest with companies involved in coal and gas production."Thank them
Send enquiryHorizon Bank$0"Horizon Bank is a responsible and influential environmental citizen, as such, Horizon Bank does not directly invest in, or provide loans to, any company in the fossil fuel industry."Thank them
Send enquiryHume Bank$0"As a customer owned organisation, Hume Bank operates by the values that are important to our community. We seek to be a sustainable organisation in every way. We can confirm that we have no loans to coal or mining industries nor any investments in these sectors."Thank them
Send enquiryHunter United$0“Hunter United is a customer-owned mutual providing retail banking services to its members and does not undertake commercial lending." Thank them
Send enquiryIMB$0"IMB's investment policy precludes investment by IMB in shares and therefore IMB does not hold and shares in companies such as those you describe [in the fossil fuel industry]. IMB does not have any equity investments in the fossil fuel sector. IMB Treasury does not have any direct investments in the fossil fuel sector."Thank them
Send enquiryJudo Bank$0"We do not invest in the fossil fuel industry. As a challenger bank primarily providing business lending to Australian small and medium-sized enterprises and serving Australian retail term deposit and residential and investment housing loan customers, we are not involved in directly financing large fossil fuel industry projects or companies."Thank them
Send enquiryLaboratories Credit Union (LCU)$0"We're helping to create a better planet by refusing to lend money to the fossil fuel industry. We also offer a range of green products to help encourage our members to purchase goods, like cars and home improvements (eg. solar and water saving devices), that are kinder to our environment.”Thank them
Send enquiryMaleny Credit Union (MCU)$0"MCU will endeavour to avoid financial or any other support to individuals or businesses whose activities are detrimental or destructive of the environment, harmful to members of society or inhumane."Thank them
Send enquiryMOVE Bank$0With regard to investments in the fossil fuel industry (coal, gas and oil), MOVE Bank states: "We can confirm that MOVE Bank does not actively invest in these industries. We do hold investments with other financial institutions, but cannot confirm what their relationship with these industries may be."Thank them
Send enquiryMyState Bank$0"As a company that is committed to a sustainable community, MyState does not directly invest in any coal, gas or oil projects. Our investment policy states that we invest our money with other approved deposit taking institutions (ADIs)."Thank them
Send enquiryNewcastle Permanent$0"Newcastle Permanent is a customer-owned (or mutual) retail banking institution that deploys its funds primarily for home loans, personal lending, and small businesses. Although Newcastle Permanent is the largest building society in Australia, being a relatively smaller financial institution compared to the major and regional banks, Newcastle Permanent is not involved in financing large mining projects."Thank them
Send enquiryPeople's Choice Credit Union$0"No, we don't have any equity investments in the fossil fuel sector, nor do we lend directly to companies in those sectors. This is because as a credit union our business banking clients are SMEs [small and medium enterprises] rather than large corporate entities."Thank them
Send enquiryPolice Bank$0"Police Bank provides personal banking services to our members and does not directly invest in projects involved in the coal, gas and oil sectors."Thank them
Send enquiryPolice Credit Union$0""As part of our pledge to operate in an environmentally sustainable manner in 2008, we committed to reducing our carbon emissions by at least 5% a year. In 2018, we well exceeded our goal, achieving a 100% carbon neutral position, two years ahead of target. Police Credit Union does not fund fossil fuels." Thank them
Send enquiryQBANK (Formerly Queensland Police Credit Union)$0“QBANK does not directly lend to or directly invest in projects or businesses involved in the coal, gas and oil sectors.”Thank them
Send enquiryQudos Bank$0"The Board will only allow our customer’s money to be placed in deposits with: 1) the Commonwealth Government or the government of an Australian State or Territory; 2) a financial institution guaranteed by the Commonwealth Government or the government of an Australian State or Territory; and 3) Authorised Deposit Taking Institutions (ie banks) trading in Australia who are rated at least investment grade. By restricting our investments to deposits with the government or other banks and credit unions we are not investing in unethical investments and do not support the coal/fossil fuel industries or environmentally detrimental projects."Thank them
Send enquiryQueensland Country Bank$0“Queensland Country does not invest directly in the fossil fuel industry.”Thank them
Send enquiryRabobank$0"Rabobank finances the sustainable development of the food & fibre industry and as a global Food & Agriculture bank, the fossil fuel industry is not relevant for us. As such, Rabobank Australia & New Zealand does not finance the primary production of fossil fuels and has communicated in a number of cases our concerns about exploring unconventional fuels such as CSG, Shale Gas and Tar Sands."Thank them
Send enquiryRACQ Bank$0"RACQ Bank does not invest in or lend to the fossil fuel industry."Thank them
Send enquiryRegional Australia Bank$0"We do not invest in or lend to the coal or gas industries, and prefer to invest in clean technologies and refine our banking product to reward socially responsible and environmentally friendly initiatives."Thank them
Send enquiryRural Bank$0"In respect of our own carbon footprint we make conscious decisions to reduce and offset our impact and we help others do the same by offering green products and services. As we do not currently lend to projects in the coal and coal seam gas sectors, we are simply taking a pragmatic approach that says it makes no sense to broaden our footprint by starting to do so."Thank them
Send enquiryService One Alliance Bank$0"SERVICE ONE does not directly invest or lend to companies that are involved in Fossil Fuels."Thank them
Send enquirySouthern Cross Credit Union$0"Southern Cross Credit Union does not support investment in the fossil fuel industry. We believe reducing our carbon footprint is vitally important and as such we actively support sustainability initiatives within our business and the greater community."Thank them
Send enquirySouth West Slopes Credit Union$0"SWSCU does NOT invest in coal, oil or gas companies that are involved with unsustainable environmental nor climate impacting organisations.”Thank them
Send enquirySummerland Credit Union$0"Summerland does not have any loans to organisations involved in the fossil fuel exploration/export business. Summerland's primary lending focus is concentrated around residential mortgages, small/medium business and community organisations as well as personal loans."Thank them
Send enquirySydney Mutual Bank$0"Sydney Mutual Bank does not have any direct investments in the fossil fuel industry. Nor are there direct investments in gambling, armaments, persistent chemicals, or animal testing. Sydney Mutual Bank’s banking services are directed to improving the economic and social well-being of members as opposed to corporate speculative gain."Thank them
Send enquiryTeachers Mutual Bank$0"The Bank does not use members’ deposits to directly lend to, buy equity or debt in, any large-scale greenhouse polluting activities from fossil fuel exploration, extraction, production and use. The Bank does not use members’ funds to finance large-scale greenhouse-gas pollution.Thank them
Send enquiryThe Mutual Bank$0"The Mutual Bank does not invest directly in the fossil fuel industry, nor are we directly involved in financing large scale mining projects that cause harm to our natural environment."Thank them
Send enquiryTraditional Credit Union$0"Nil business lending offered."Thank them
Send enquiryTransport Mutual Credit Union$0"Transport Mutual Credit Union does not invest in the fossil fuel industry."Thank them
Send enquiryUniBank (formerly unicredit)$0"The Bank does not use members’ deposits to directly lend to, buy equity or debt in, any large-scale greenhouse polluting activities from fossil fuel exploration, extraction, production and use. The Bank does not use members’ funds to finance large-scale greenhouse-gas pollution.Thank them
Send enquiryUp Bank$0"Deposits provided through the Up apps are held by Bendigo and Adelaide Bank ... Bendigo Bank does not currently lend to and has no plans to lend to projects in the coal and coal seam gas sectors."Thank them
Send enquiryVolt Bank$0Position received July 2021: "Volt Bank does not currently invest in or lend money to companies in the fossil fuel industry and has no plans to in the future."Thank them
Send enquiryWAW Credit Union$0"WAW does not invest in gas or coal."Thank them
Send enquiryBanks that have previously funded fossil fuels but no longer doSuncorp Bank$0Market Forces' research shows that Suncorp Bank did make loans to fossil fuels in 2008/2009, but the bank has since released the following position statement stating that they have withdrawn from the sector - "We no longer have any exposure [to fossil fuel companies] as Suncorp Bank only provides lending to personal, SME and agribusiness clients so does not have exposure to large corporations including fossil fuel projects."
NOTE: Suncorp also undertakes insurance activities. Check marketforces.org.au/insurance for an update on Suncorp's insurance business.Thank them
Send enquiryBanks with no record of funding fossil fuels but no position statement providedBank of Heritage Isle$0No position statement provided to Market ForcesRequest positionBankstown City Unity Bank$0No position statement provided to Market ForcesRequest positionBCU$0No position statement provided to Market ForcesRequest positionBorder Bank$0No position statement provided to Market ForcesRequest positionBNK Bank$0No position statement provided to Market ForcesRequest positionBroken Hill Community Credit Union$0No position statement provided to Market ForcesRequest positionCairns Bank$0No position statement provided to Market ForcesRequest positionCapricornian, The$0No position statement provided to Market ForcesRequest positionCentral Murray Credit Union$0No position statement provided to Market ForcesRequest positionCentral West Credit Union$0No position statement provided to Market ForcesRequest positionCIRCLE Alliance Bank$0No position statement provided to Market ForcesRequest positionCoastline Credit Union$0No position statement provided to Market ForcesRequest positionDalby Credit Union$0No position statement provided to Market ForcesRequest positionDnister Ukrainian Credit Co-operative$0No position statement provided to Market ForcesRequest positionFamily First Credit Union$0No position statement provided to Market ForcesRequest positionFirefighters Credit Co-operative$0No position statement provided to Market ForcesRequest positionFire Service Credit Union$0No position statement provided to Market ForcesRequest positionFirst Option Bank$0No position statement provided to Market ForcesRequest positionGeelong Bank$0No position statement provided to Market ForcesRequest positionGoldfields Money$0No position statement provided to Market ForcesRequest positionGympie Credit Union$0No position statement provided to Market ForcesRequest positionHunter United$0No position statement provided to Market ForcesRequest positionIllawarra Credit Union$0No position statement provided to Market ForcesRequest positionLLL (Lutheran Laypeople's League of Australia)$0No position statement provided to Market ForcesRequest positionLysaght Credit Union$0No position statement provided to Market ForcesRequest positionMacArthur Credit Union$0No position statement provided to Market ForcesRequest positionMacquarie Credit Union$0No position statement provided to Market ForcesRequest positionMyLife MyFinance$0No position statement provided to Market ForcesRequest positionNorthern Inland Credit Union$0No position statement provided to Market ForcesRequest positionNova Alliance Bank$0No position statement provided to Market ForcesRequest positionOrange Credit Union$0No position statement provided to Market ForcesRequest positionP&N Bank$0No position statement provided to Market ForcesRequest positionPulse Credit Union$0No position statement provided to Market ForcesRequest positionPepper Money$0No position statement provided to Market ForcesRequest positionReliance Bank$0No position statement provided to Market ForcesRequest positionSouth West Credit$0No position statement provided to Market ForcesRequest positionTyro$0No position statement provided to Market ForcesRequest positionUnity Bank$0No position statement provided to Market ForcesRequest positionWarwick Credit Union$0No position statement provided to Market ForcesRequest positionWoolworths Employees' Credit Union$0No position statement provided to Market ForcesRequest position