Bank Australia

Bank Australia's latest carbon emissions data, for 2024, shows a total of approximately 3.5 million kg CO2e. This figure is comprised of Scope 1 emissions totalling about 78,000 kg CO2e, Scope 2 emissions at approximately 531,900 kg CO2e, and Scope 3 emissions amounting to roughly 3.4 million kg CO2e.

For the year 2023, Bank Australia reported total emissions of approximately 2.6 million kg CO2e. Scope 1 emissions were around 78,300 kg CO2e, Scope 2 emissions stood at approximately 681,600 kg CO2e, and Scope 3 emissions were about 2.5 million kg CO2e.

In 2022, total emissions were approximately 925,000 kg CO2e, with Scope 1 emissions at about 66,900 kg CO2e, Scope 2 at approximately 693,700 kg CO2e, and Scope 3 at roughly 858,100 kg CO2e.

In 2021, total emissions were reported as approximately 700,000 kg CO2e, including Scope 1 emissions of about 72,600 kg CO2e, Scope 2 emissions of approximately 806,600 kg CO2e, and Scope 3 emissions of about 627,000 kg CO2e.

Bank Australia has set ambitious climate commitments. The bank is working on a new climate action plan to chart its pathway towards becoming a net-zero emissions bank by 2050. Furthermore, it aims to reduce its Scope 1 and 2 emissions by 16% below 2017 levels by 2025 and is exceeding this goal. Bank Australia also has near-term targets classified as 1.5°C consistent, with targets set for 2025 and 2030, covering 82% of its total investment and lending activities as of 2021.