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‘Wake up to nature risk’: World-record vote sends a clear signal to ANZ on deforestation
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FIRST EVER TOKENISED CORPORATE BOND ISSUED IN AUSTRALIA
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- Banking, Environment
- 12/12/2025
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NAB shareholders owning $9.74bn in shares call on the bank to do better on deforestation
Investors owning $9.74 billion of shares in Australia’s largest agribusiness bank have backed a resolution calling on NAB to disclose deforestation linked to its lending.* The resolution on disclosure of financed deforestation, facilitated by the Australian Conservation Foundation and co-filed by SIX, Australian Ethical, Melior Investment Management, was supported by 13.98% of shares voted at NAB’s AGM today. A second resolution, calling on the bank to set out a strategy to eliminate financed deforestation, was supported by 10.39% of NAB shares voted. Jolene George, head of corporate advocacy at the Australian Conservation Foundation, said: “The support for the resolution on…
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