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Adani

Posted by claire1 claire1
Message 1 of 2 285 Views

Hi, 

Financing the Adani Coal Mine appears completely at odds with Bankwest's environmental marketing information. Does Bankwest through CWB intend to go ahead with their support? If that is the case I plan to refinance my mortage and change my accounts.

 

 

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Re: Adani

Posted by DanaeC DanaeC
Message 2 of 2 282 Views

Hi @claire1, thanks for your enquiry. I can confirm that strict environmental, social and governance standards are incorporated into the CBA Group's business lending decisions and it will only fund projects that meet these standards. The CBA Group is committed to the renewable energy sector and to financing commercially viable renewable energy projects around the world. The CBA Group has been lending to renewable energy projects since 2004, and as at December 2016 its current lending was $2.3 billion. This is five times the amount of lending to coal-fired power generation and an increase on the $1.7 billion in lending a year earlier. Thank you.

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