Bank of Melbourne
This brand is rated based on Westpac
Sorry, we don't know enough about Bank of Melbourne yet.
Bank of Melbourne is a subsidiary of Westpac.
Westpac is taking steps to decarbonize its portfolio. It still lends to the fossil fuel and mining sectors but it lends a significantly larger portion to renewable energy projects.
The main reason for the bad rating is because, according to the Banking on Climate Chaos report, Westpac continues to finance fossil fuel expansion (i.e., new fossil fuel infrastructure).
Last reviewed:
Bank.Green was founded on the belief that banks have had an easy time from their customers for too long. Mass movements will pull us out of the climate crisis – and they'll pull Bank of Melbourne out, too.
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