Bank Of Queensland Sustainability Profile
Bank of Queensland Limited (BOQ) is a prominent financial institution headquartered in Brisbane, Australia. Established in 1874, BOQ has evolved into a key player in the Australian banking sector, primarily serving the retail and commercial banking markets across Queensland and other major regions. With a diverse range of core products and services, including personal loans, home loans, and business banking solutions, BOQ distinguishes itself through its customer-centric approach and innovative offerings. The bank's unique franchise model empowers local branches, fostering strong community ties and personalised service. Recognised for its commitment to customer satisfaction, BOQ has achieved notable milestones, including consistent growth in its market position and a strong reputation for reliability. As a trusted name in the banking industry, Bank of Queensland continues to adapt and thrive in an ever-evolving financial landscape.
DitchCarbon Score
How does Bank Of Queensland'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 Of Queensland's score of 54 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank Of Queensland's reported carbon emissions
In 2024, Bank of Queensland (BOQ) reported total emissions of approximately 3,325,000 kg CO2e, comprising 328,000 kg CO2e from Scope 1 and about 3,293,000 kg CO2e from Scope 2. This marks a significant reduction from 2023, where total emissions were approximately 3,019,900 kg CO2e, with Scope 1 emissions at 359,000 kg CO2e and Scope 2 emissions at about 3,658,000 kg CO2e. BOQ has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions by 90% and Scope 3 emissions by 40% by 2030, using a 2020 baseline. This commitment reflects a proactive approach to addressing climate change and aligns with industry standards for emission reductions. Additionally, BOQ is on track to achieve 100% renewable electricity by 2025, further enhancing its sustainability profile. The bank's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. Overall, BOQ's initiatives demonstrate a strong commitment to reducing its carbon footprint and contributing to global climate goals.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 429,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 4,583,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 41,896,000 | 00,000,000 | - | - |
How Carbon Intensive is Bank Of Queensland's Industry?
How Carbon Intensive is Bank Of Queensland's Location?
Bank Of Queensland'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.
Bank Of Queensland 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.
