Gender equity

Empowering women is an important element of how NAB supports our employees, serves customers well and helps the broader community prosper in an increasingly global marketplace. We’re signed up to the UN Women’s Empowerment Principles established by UN Women and the UN Global Compact Office.

Our workplace gender equity objectives

We’re focused on reducing the gender pay gap and having a 40% to 60% gender balance throughout our business, including our Board and Subsidiary Boards.

You can view our measurable objectives, approved by the Board, on our Corporate Governance website.

We’re focused on fairness

We’re committed to fair and equitable remuneration for all employees, consistent with our market and performance framework. We actively address barriers to equal pay for all genders.

We’ve also extended 16 weeks of paid parental leave to eligible parents at NAB, regardless of gender.

We believe it’s important to recognise the interdependencies at play when it comes to equity. While the NAB pay gap is lower than WGEA’s benchmark for the banking industry at 22.4%, there is much work to do to meet our 2025 target of a less than 10% gender pay gap.

With heightened expectations for every team to implement strategies to support female representation, we’ve seen some great initiatives being developed, including Private Wealth’s 1500 Degrees Program. 1500 Degrees (the melting point of glass) is a nine-month program designed to prepare women for more senior roles. This is achieved through learning, networks, and sponsorship opportunities.

Gender pay gap reports

More information about NAB’s gender pay gap for our Australian and UK based workforce is available through these reports:

NAB’s 2023 Gender Pay Gap report (PDF, 170KB), opens in new window (Australia based workforce only)

NAB UK Gender Pay Gap Report 2023 (PDF, 769KB), opens in new window (UK based workforce only)