Similarly, you may ask, is Bendigo Bank an ethical bank?
Bendigo Bank today launched the first ethical deposit account to be associated with an Australian bank. "This arrangement was enacted after the Trustees assured themselves of Bendigo Bank's commitment to ethical investment and community values," said the Trust's Chairperson, Kathleen Townsend.
Furthermore, does Commonwealth Bank support fossil fuels? Australia's biggest lender to fossil fuels
Commonwealth Bank has loaned more than $12 billion to the dirty coal, oil and gas sectors since January 2016, shortly after committing to help limit global warming in line with the Paris Agreement. This is more than three times its lending to renewables.
Additionally, which banks support fossil fuels?
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| Name | Amount loaned since 2016 | Position |
|---|---|---|
| National Australia Bank | $7,274m | Loaned to fossil fuels globally since 2016 |
| Westpac | $5,396m | loaned to fossil fuels globally since 2016 |
| Banks owned by those funding fossil fuels | ||
| Bank of Melbourne | N/A | Owned by Westpac which lends to fossil fuels |
Which Australian banks support fossil fuels?
Of the big four, the Commonwealth Bank had the highest total loans to the fossil fuel sector ($12bn) and had loaned the most to expansionary fossil fuel projects ($2.8bn) since 2016. ANZ had made $2.2bn in loans to expansionary projects; NAB about $1.2bn; and Westpac about $840m.
