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 0 is lower 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 2022, Bank Australia reported total carbon emissions of approximately 766,500 kg CO2e. This figure includes 66,900 kg CO2e from Scope 1 emissions, which primarily stem from direct operations, and a significant 699,600 kg CO2e from Scope 3 emissions, encompassing indirect emissions such as business travel and employee commuting. The bank has made notable progress in reducing its carbon footprint, achieving a reduction from about 965,100 kg CO2e in 2020 to 766,500 kg CO2e in 2022. This represents a substantial decrease of approximately 198,600 kg CO2e over the two-year period. Bank Australia has set ambitious near-term targets aligned with the 1.5°C climate goal, aiming to cover 82% of its total investment and lending activities by 2030. These targets are designed to ensure that emissions from the bank's operations (Scopes 1 and 2) are consistent with the necessary reductions to limit global warming. However, the bank has not committed to a net-zero target as of now. Overall, Bank Australia's commitment to reducing its carbon emissions reflects a proactive approach to climate change, positioning itself as a responsible financial institution in Australia.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 65,700 | 00,000 | 00,000 |
| Scope 2 | - | - | - |
| Scope 3 | 899,300 | 000,000 | 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.
