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 79% 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 kg CO2e for Scope 1 and 2 combined, and about 12,466,111,000 kg CO2e for Scope 3 emissions. This reflects a slight increase from 2021, where Scope 1 and 2 emissions were around 17,660,550 kg CO2e, and Scope 3 emissions were approximately 12,969,871,000 kg CO2e. Cbus has not set specific reduction targets or initiatives as part of their climate commitments, nor do they have any data cascaded from a parent organisation. Their emissions data is independently reported, indicating a commitment to transparency in their environmental impact. The organisation's carbon intensity for Scope 1 and 2 emissions was reported at about 31,590 kg CO2e/m² in 2022, which is a critical metric for assessing their operational efficiency in relation to carbon output. Overall, while Cbus has made strides in reporting their emissions, they currently lack defined reduction targets or initiatives to mitigate their carbon footprint.
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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.
