At their next meeting in August, the Board of Commbank will be approving the bank's new climate policy. There is a good chance that the policy will rule out Commbank funding for new coal projects like Adani's mega mine.
The Board needs to know that their customers and the public will no longer accept the funding of climate-destroying, reef-wrecking projects. It needs to approve strong and robust climate policy that is in line with the bank's previous stance on support for the Paris Agreement.
That means no new coal - and certainly no Adani.
Westpac have already shown that it is a climate leader, and Commbank now needs to catch up with a public statement and good policy ruling out the Adani mine.
Dear Commbank Board of Directors:
Catherine Livingstone AO Ian Narev Shirish Apte Sir David Higgins Launa Inman Brian Long Andrew Mohl Mary Padbury Wendy Stops Harrison Young
We demand that you show leadership and commitment to your own climate promises and enact a strong climate policy that rules out funding for new coal projects including the Adani mine.
Your biggest competitors, Westpac and NAB, have already shown that they're willing to put the safe climate future of our children ahead of dodgy and destructive projects. We urge you to step up and show leadership: rule out Adani, rule out new coal.