Bank Of Queensland

Bank Of Queensland's reported carbon emissions

Bank of Queensland (BOQ), an organisation within the financial intermediation services sector in Australia (AU), has established several climate commitments. The company aims to achieve net zero emissions by 2050 and has set near-term targets. For fiscal year 2024, BOQ reported Scope 1 emissions of approximately 328,000 kg CO2e and Scope 2 emissions of about 3,293,000 kg CO2e. In the previous year, 2023, total emissions were approximately 30,199,000 kg CO2e, comprising Scope 1 emissions of roughly 359,000 kg CO2e and Scope 2 emissions of approximately 3,658,000 kg CO2e. BOQ's climate strategy includes a commitment to reduce organisational Scope 1 and 2 emissions by 90% by 2030, against a 2020 baseline. Additionally, the bank has committed to reducing its organisational supply chain Scope 3 emissions by 40% by the same year. A significant milestone in their operational strategy is the commitment to source 100% renewable electricity by 2025. The bank's targets are aligned with the trajectory required to meet the global goal of net zero emissions by 2050.