Cbus Sustainability Profile
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 16 is lower than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cbus's reported carbon emissions
In 2022, Cbus reported total carbon emissions of approximately 18,679,080,000 kg CO2e, comprising 1,867,908,000 kg CO2e from Scope 1 emissions, 1,867,908,000 kg CO2e from Scope 2 emissions, and 12,466,111,000 kg CO2e from Scope 3 emissions. This data reflects a comprehensive assessment of their global carbon footprint. Comparatively, in 2021, Cbus's emissions were about 17,660,550,000 kg CO2e, with Scope 1 and Scope 2 emissions each at 1,766,055,000 kg CO2e and Scope 3 emissions at 12,969,871,000 kg CO2e. This indicates a slight increase in total emissions year-on-year. Cbus has not disclosed any specific reduction targets or initiatives as part of their climate commitments. There are no emissions data cascaded from a parent or related organization, indicating that all reported figures are directly from Cbus. Overall, Cbus's emissions data highlights the significant impact of Scope 3 emissions, which represent the majority of their carbon footprint. The absence of reduction targets suggests an opportunity for Cbus to enhance its climate strategy and align with industry standards for sustainability.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 2,031,724,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 2,031,724,000 | 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 |
How Carbon Intensive is Cbus's Industry?
How Carbon Intensive is Cbus's Location?
Cbus'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.
Cbus 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.
