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 16 is lower than 73% 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 significant carbon emissions totalling approximately 18,679,080,000 kg CO2e across all scopes. This includes about 1,867,908,000 kg CO2e from Scope 1 emissions and an equal amount from Scope 2 emissions. The majority of their emissions, approximately 12,466,111,000 kg CO2e, stemmed from Scope 3 activities. Comparatively, in 2021, Cbus's emissions were slightly lower, with total emissions of about 17,660,550,000 kg CO2e, comprising 1,766,055,000 kg CO2e from Scope 1, 1,766,055,000 kg CO2e from Scope 2, and 12,969,871,000 kg CO2e from Scope 3. Cbus has not disclosed any specific reduction targets or initiatives as part of their climate commitments. There are no reported SBTi (Science Based Targets initiative) reduction targets or other formal climate pledges. The absence of emissions data for Australia in 2021 and 2020 indicates a lack of local reporting during those years. Overall, Cbus's emissions data reflects a substantial carbon footprint, with a clear need for enhanced climate action and transparency in their sustainability efforts.
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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 |
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 participating in any of the initiatives that 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.
