ASB Bank Limited Sustainability Profile
ASB Bank Limited, commonly referred to as ASB, is a prominent financial institution headquartered in Auckland, New Zealand. Established in 1847, ASB has evolved into a key player in the banking industry, offering a comprehensive range of services including personal banking, business banking, and wealth management. With a strong presence across New Zealand, ASB is renowned for its innovative digital banking solutions and customer-centric approach. The bank's core products, such as home loans, savings accounts, and investment services, are designed to meet the diverse needs of its clientele. ASB's commitment to sustainability and community engagement further distinguishes it in the competitive financial landscape. Recognised for its excellence, ASB has received numerous awards, solidifying its position as a trusted banking partner for New Zealanders.
DitchCarbon Score
How does ASB Bank Limited'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.
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.
Industry Benchmark
ASB Bank Limited's score of 57 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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ASB Bank Limited, headquartered in New Zealand, currently does not report specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. The bank is a current subsidiary of the Commonwealth Bank of Australia, which means that any relevant emissions data or climate commitments may be inherited from this parent organization. While ASB Bank Limited has not set its own reduction targets or climate pledges, it is aligned with the sustainability initiatives of the Commonwealth Bank of Australia. This includes participation in the Carbon Disclosure Project (CDP) and commitments to renewable energy through the RE100 initiative, both of which are cascaded from the Commonwealth Bank at a level 2 relationship. In summary, ASB Bank Limited is currently in a position where it does not disclose its own emissions data or specific climate commitments, relying instead on the sustainability framework established by its parent company, the Commonwealth Bank of Australia.
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Access structured emissions data, company-specific emission factors, and source documents
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 9,063,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 107,762,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 93,622,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is ASB Bank Limited's Industry?
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ASB Bank Limited's Scope 3 Categories Breakdown
ASB Bank Limited's Scope 3 emissions, which increased by 24% last year and decreased by approximately 28% since 2016, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 48% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 37% of Scope 3 emissions.
Top Scope 3 Categories
ASB Bank Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
ASB Bank Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
