Australian Prudential Regulation Authority Sustainability Profile
The Australian Prudential Regulation Authority (APRA) is a key regulatory body headquartered in Sydney, Australia. Established in 1998, APRA oversees the financial services industry, ensuring the stability and safety of banks, credit unions, insurance companies, and superannuation funds across the nation. With a focus on prudential regulation, APRA's core services include risk assessment, compliance monitoring, and the enforcement of financial standards. Its unique approach combines rigorous oversight with a commitment to fostering a resilient financial system. Recognised for its pivotal role in maintaining financial stability, APRA has achieved significant milestones, including the implementation of the Basel III framework in Australia. As a leading authority in the financial sector, APRA continues to uphold its reputation for excellence in regulatory practices, contributing to the overall health of the Australian economy.
DitchCarbon Score
How does Australian Prudential Regulation Authority'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 Public Administration 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
Australian Prudential Regulation Authority's score of 14 is lower than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Australian Prudential Regulation Authority's reported carbon emissions
In 2023, the Australian Prudential Regulation Authority (APRA) reported total carbon emissions of approximately 1,012,638 kg CO2e. This figure includes 662,681 kg CO2e from Scope 2 emissions, which primarily arise from purchased electricity, and 349,957 kg CO2e from Scope 3 emissions, encompassing indirect emissions such as business travel and employee commuting. Notably, APRA did not report any Scope 1 emissions. Despite the significant total emissions, APRA has not established specific reduction targets or initiatives as part of its climate commitments. The absence of documented reduction strategies indicates a need for further development in their climate action framework. APRA's emissions data is not cascaded from any parent organisation, ensuring that the reported figures are solely reflective of its own operations. As the regulatory body for Australia's financial services, APRA's commitment to addressing climate change remains crucial in the context of the broader industry landscape.
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| 2023 | |
|---|---|
| Scope 1 | - |
| Scope 2 | 639,058 |
| Scope 3 | 426,046 |
How Carbon Intensive is Australian Prudential Regulation Authority's Industry?
How Carbon Intensive is Australian Prudential Regulation Authority's Location?
Australian Prudential Regulation Authority's Scope 3 Categories Breakdown
Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Business Travel" being the largest emissions source at 62% of Scope 3 emissions.
Top Scope 3 Categories
Australian Prudential Regulation Authority'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.
Australian Prudential Regulation Authority 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.
