The National Australia Bank (NAB) has teamed up with Melbourne Business School (MBS) to innovate in the area of climate awareness.
Amid the growing global urgency to combat climate change, NAB aims to boost its climate capability. Their objective is to solidify the bank’s stance on supporting emission reductions and marching towards net-zero emissions.
NAB stands as a relationship bank with a strong emphasis on fostering relationships. As described in their 2022 Climate Report, they prioritise assisting their customers to decarbonise, adapt, and build resilience to ever-changing environmental and market factors.
The newly unveiled climate training programme is designed to offer foundational insights into climate change, NAB’s response to the crisis, and sector-specific training modules tailored for bankers engaging with customers in pivotal sectors.
This holistic training endeavour is an extension of NAB’s previous initiatives where they provided climate risk and adaptation training to 350 Agribusiness bankers and approximately 100 Corporate and Institutional bankers. The new programme will commence with a ‘climate foundation’ module to be launched later this year, followed by sector-specific modules focused on transport, agribusiness, commercial real estate, and residential real estate.
The alliance between NAB and Melbourne Business School isn’t just about creating a curriculum; it’s about creating relevance. With the bank’s vast market segments in mind, the programme is being designed and delivered hand-in-hand with the bank to ensure its applicability across different banking roles.
NAB Chief Climate Officer Jacqueline Fox said, “This is an exciting step that supports our ‘whole of bank’ approach to the climate transition and it will allow all NAB colleagues to access relevant, science-based climate training at work.”
Further adding, “NAB is a relationship bank and we’re focused on a relationship-led approach to support the climate transition. It is also important that we are helping customers to manage climate-related risk and meet increasing stakeholder expectations of both NAB and our business customers.”
Melbourne Business School Professor Glenn Hoetker remarked, “Our co-design and co-delivery model ensures that NAB bankers are learning from credible, highly regarded climate experts and educators at Melbourne Business School so they can confidently apply it in their everyday jobs.”
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