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Public Profile
Financial Intermediation
AU
updated 9 days ago

Mystate

Company website

Mystate Limited, commonly referred to as Mystate, is a prominent financial services provider headquartered in Australia. Established in 2006, the company has made significant strides in the banking and financial sector, particularly in Tasmania and other key regions across the country. Mystate offers a range of core products, including personal banking, home loans, and investment services, distinguished by their customer-centric approach and competitive rates. With a commitment to innovation and community engagement, Mystate has positioned itself as a trusted alternative to traditional banks, earning accolades for its service excellence and sustainable practices. As a growing player in the Australian financial landscape, Mystate continues to enhance its offerings, ensuring that it meets the evolving needs of its customers while maintaining a strong market presence.

DitchCarbon Score

How does Mystate's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

31

Industry Average

Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

27

Industry Benchmark

Mystate's score of 31 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.

56%

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Mystate's reported carbon emissions

In 2023, MyState Limited reported total carbon emissions of approximately 55,834,000 kg CO2e. This figure includes 41,000 kg CO2e from Scope 1 emissions, 137,000 kg CO2e from Scope 2 emissions, and 4,341,000 kg CO2e from Scope 3 emissions. The previous year, 2022, saw total emissions of about 49,164,000 kg CO2e, with Scope 1 at 40,000 kg CO2e, Scope 2 at 207,000 kg CO2e, and Scope 3 at 4,622,000 kg CO2e. In 2021, the total emissions were around 4,690,000 kg CO2e, comprising 54,000 kg CO2e from Scope 1, 271,000 kg CO2e from Scope 2, and 4,365,000 kg CO2e from Scope 3. Despite these figures, MyState has not disclosed any specific reduction targets or climate pledges. The emissions data is sourced directly from MyState Limited, with no cascading from a parent or related organization. The company continues to monitor its carbon footprint as part of its commitment to sustainability, although specific initiatives or targets have not been outlined.

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202120222023
Scope 1
54,000
00,000
00,000
Scope 2
271,000
000,000
000,000
Scope 3
4,365,000
0,000,000
0,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Mystate's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Mystate is in AU, which has a very high grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Mystate is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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