This report measures Australia’s performance against a set of 56 indicators linked to the United Nations Sustainable Development Goals (SDGs). The report builds on targets and measures of progress that the independent National Sustainable Development Council developed in 2018.

This report highlights the actions of 20 Australian superannuation organisations, and the commitments they have made to address emissions funded through their investments.

This report is part of a series focusing on major sectors of the Australian economy as part of the Net Zero Momentum Tracker initiative. The Tracker is designed to bring together and evaluate climate action commitments in order to help the banking sector build momentum towards net zero emissions.

As investors and capital providers, banks are significant to Australia’s transition to a net zero emissions economy. This report finds that 85 per cent of the banks assessed are taking steps to reduce their investment and lending portfolio emissions, but that these commitments are not yet comprehensive or fully aligned with the Paris Climate Agreement.

This is the first in a series of Net Zero Momentum Tracker assessments that focus on key sectors of the Australian economy. The Net Zero Momentum Tracker is an initiative that demonstrates progress towards net zero greenhouse gas emissions in Australia.