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Australia’s Largest Bank Says It Will Stop Banking With Companies With No Climate Change Plan

Australia’s Largest Bank Says It Will Stop Banking With Companies With No Climate Change Plan
People walk past a branch of the Commonwealth Bank of Australia branch in Melbourne, on Aug. 11, 2021. William West/AFP via Getty Images
Henry Jom
|Updated:

One of Australia’s big four banks has pledged to its shareholders that it won’t bank with large customers who have no climate transition plan.

Without providing detail to its pledge, Commonwealth Bank of Australia (CBA) Chairman, Paul O’Malley, told shareholders that the bank was taking its climate commitments seriously.

Henry Jom
Henry Jom
Author
Henry Jom is a reporter for The Epoch Times, Australia, covering a range of topics, including medicolegal, health, political, and business-related issues. He has a background in the rehabilitation sciences and is currently completing a postgraduate degree in law. Henry can be contacted at [email protected]
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