Climate change: three of Australia’s big four banks reviewing exposure to fossil fuels

Commonwealth, NAB and ANZ are each analysing the financial position of business customers in sectors exposed to climate change

Three of Australia's big four banks are reviewing their exposure to fossil fuels, including their lending practices to households and farmers, in response to climate change.

The Commonwealth Bank is conducting a "detailed climate policy review" that will be released publicly pending board approval, and NAB has a working group reviewing the risks from global temperatures rising two degrees.