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 higher than 80% 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 13,569,316,000 kg CO2e, comprising 2,376,786,000 kg CO2e from Scope 1 and 2, and 11,569,316,000 kg CO2e from Scope 3 emissions. This follows a trend of significant emissions, with 2022 figures showing approximately 13,303,729,000 kg CO2e, 2021 at about 12,969,871,000 kg CO2e, 2020 at around 8,119,470,000 kg CO2e, and 2019 at approximately 11,159,429,000 kg CO2e. Cbus has disclosed emissions across all three scopes, indicating a comprehensive approach to carbon accounting. However, there are currently no specific reduction targets or initiatives outlined in their climate commitments. The organisation's emissions intensity for Scope 1 and 2 is approximately 0.03868 tCO2e per million USD invested in 2023, reflecting their ongoing efforts to manage emissions relative to revenue. Cbus's climate strategy appears to be in the early stages, with no formal reduction targets established under the Science Based Targets initiative (SBTi) or other frameworks. As a significant player in the industry, Cbus's future commitments and actions will be crucial in addressing climate change and reducing their carbon footprint.
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Access structured emissions data, company-specific emission factors, and source documents
| 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.
