Bank Australia
Bank Australia, headquartered in Australia, is a customer-owned bank that has been serving the community since its establishment in 1957. With a strong presence across major operational regions, including Victoria and New South Wales, the bank focuses on providing ethical banking solutions that prioritise social and environmental responsibility. Specialising in personal banking, home loans, and business banking, Bank Australia distinguishes itself through its commitment to sustainability and community investment. The bank's unique approach includes financing projects that align with positive environmental outcomes, setting it apart in the competitive banking industry. Recognised for its customer-centric model, Bank Australia has achieved notable milestones, including being named a leader in responsible banking practices. With a growing customer base, it continues to strengthen its market position as a trusted alternative to traditional banks.
DitchCarbon Score
How does Bank Australia'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
Bank Australia's score of 38 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Bank Australia's reported carbon emissions
In 2023, Bank Australia reported total carbon emissions of approximately 2,618,700 kg CO2e. This figure includes 78,300 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 681,600 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. The majority of their emissions, about 2,540,400 kg CO2e, fall under Scope 3, which includes emissions from business travel, employee commuting, and other indirect activities. Bank Australia has set significant climate commitments, targeting a reduction in emissions consistent with the 1.5°C pathway. Their portfolio targets cover approximately 82% of total investment and lending activities as of 2021. This includes a commitment to reduce emissions from company operations (Scopes 1 and 2) by 2030. Notably, as of 2021, required activities constituted 12% of their total investment and lending, while optional activities made up 71%, and out-of-scope activities accounted for 17%. Overall, Bank Australia is actively working towards reducing its carbon footprint and aligning its operations with global climate goals, although it has not yet committed to a net-zero target.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 65,700 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | - | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 899,300 | 000,000 | 000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
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.
Bank Australia is committed to some reduction initiatives 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.
