Cbus
Cbus, officially known as Cbus Superannuation Fund, is a leading industry superannuation fund headquartered in Melbourne, Australia. Established in 1984, Cbus primarily serves the construction, building, and allied industries, providing tailored superannuation solutions to its members across Australia. With a strong focus on sustainable investment, Cbus offers a range of core products and services, including retirement savings, insurance options, and financial advice, all designed to meet the unique needs of its members. The fund is recognised for its commitment to responsible investment practices and has achieved significant milestones, including substantial growth in funds under management. Cbus holds a prominent position in the Australian superannuation market, consistently ranking among the top industry funds, and is dedicated to maximising retirement outcomes for its members through innovative financial strategies and member engagement initiatives.
DitchCarbon Score
How does Cbus'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 Construction Work 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
Cbus's score of 19 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Cbus's reported carbon emissions
In 2023, Cbus reported total carbon emissions of approximately 23,767,860 kg CO2e from Scope 1 and Scope 2, alongside about 13,569,316 kg CO2e from Scope 3 emissions. This marks a notable increase in emissions compared to previous years, with 2022 figures showing approximately 19,272,330 kg CO2e for Scope 1 and Scope 2, and about 13,303,729 kg CO2e for Scope 3. Over the years, Cbus has demonstrated a commitment to reducing its carbon footprint. In 2021, the total emissions were approximately 17,700,360 kg CO2e for Scope 1 and Scope 2, and around 12,969,871 kg CO2e for Scope 3, indicating a trend of fluctuating emissions levels. The organisation has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges, suggesting a need for clearer commitments in this area. Cbus's emissions profile highlights the importance of addressing both direct (Scope 1 and 2) and indirect (Scope 3) emissions, which are significantly higher, particularly in the context of financed emissions. The organisation's emissions intensity for financed Scope 1 and 2 emissions was reported at approximately 0.03868 tCO2e per million dollars invested in 2023, reflecting ongoing efforts to manage and report on their environmental impact.
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Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 2,035,649,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 2,035,649,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 11,159,429,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
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.
Cbus is not committed to any 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.
