Bendigo And Adelaide Bank

Bendigo and Adelaide Bank, an AU-based financial intermediation services company, reported total Scope 1, 2, and 3 emissions of approximately 37.3 million kg CO2e in 2026. This comprised about 1.1 million kg CO2e from Scope 1, 6 million kg CO2e from Scope 2 (location-based), and 30.3 million kg CO2e from Scope 3 emissions.

In 2025, the bank's reported emissions included approximately 960,000 kg CO2e for Scope 1, 6.4 million kg CO2e for Scope 2 (location-based), and 33.3 million kg CO2e for Scope 3, with 2.5 billion kg CO2e attributed to investments. For 2024, emissions were approximately 1.3 million kg CO2e (Scope 1), 6.6 million kg CO2e (Scope 2 location-based), and 29.2 million kg CO2e (Scope 3). In 2023, the bank reported Scope 1 emissions of approximately 1.4 million kg CO2e, Scope 2 location-based emissions of about 7.5 million kg CO2e, and Scope 3 emissions of roughly 27.9 million kg CO2e. Looking back to 2022, emissions were approximately 1.4 million kg CO2e for Scope 1, 5.1 million kg CO2e for Scope 2 (location-based), and 16.1 million kg CO2e for Scope 3.

Bendigo and Adelaide Bank has committed to ambitious climate action, including a net-zero target. The bank aims to reduce its Scope 1 and Scope 2 operational emissions by 90% by 2025 and 92% by 2030, using a 2020 baseline. The bank's portfolio targets, validated by the Science Based Targets initiative (SBTi), cover 71% of its total investment and lending activities by total assets as of FY2020. These near-term targets for Scope 1 and 2 are consistent with a 1.5°C global warming limit.