Bank Of Queensland

Bank Of Queensland, an AU-based financial intermediation services provider, reported total emissions of approximately 40,331,000 kg CO2e in 2024. This figure includes Scope 1 emissions of 328,000 kg CO2e, Scope 2 emissions (location-based) of 3,293,000 kg CO2e, and Scope 3 emissions totalling 40,003,000 kg CO2e. Key contributors to Scope 3 emissions in 2024 were employee commute (5,108,000 kg CO2e) and business travel (1,792,000 kg CO2e).

Looking ahead to 2025, Bank Of Queensland anticipates a reduction in total emissions to approximately 35,970,000 kg CO2e, with projected Scope 1 emissions of 270,000 kg CO2e, Scope 2 emissions (location-based) of 2,785,000 kg CO2e, and Scope 3 emissions of 35,700,000 kg CO2e.

In 2023, the bank's reported Scope 1 and Scope 2 emissions combined were 30,199,000 kg CO2e, consisting of 359,000 kg CO2e from Scope 1 and 3,658,000 kg CO2e from Scope 2 (location-based). Full Scope 3 data was not available for 2023.

Bank Of Queensland has set ambitious climate commitments. It aims to achieve a 90% reduction in organisational Scope 1 and 2 emissions and a 40% reduction in organisational supply chain Scope 3 emissions by 2030, compared to a 2020 baseline. Additionally, the bank is committed to sourcing 100% of its operational electricity from renewable sources by 2025. These targets align with the goal of achieving net-zero emissions by 2050.