Commbank

Commbank's reported carbon emissions

CommBank, a financial intermediation services provider based in Australia, has reported significant carbon emissions across its operations. For the fiscal year 2025, its total emissions amounted to approximately 67.8 billion kg CO2e. This includes Scope 1 emissions of about 5.6 billion kg CO2e and Scope 2 emissions (market-based) of approximately 125,000 kg CO2e. Scope 3 emissions for FY2025 were around 62.1 billion kg CO2e, with business travel and employee commute being significant contributors. In the previous year, FY2024, total emissions were approximately 147.8 billion kg CO2e, comprising Scope 1 emissions of about 7.3 billion kg CO2e and Scope 2 (market-based) of roughly 33,000 kg CO2e. Scope 3 emissions for FY2024 stood at approximately 76.6 billion kg CO2e. CommBank has set near-term intensity reduction targets. For office spaces, the goal is to achieve 31.1 kg CO2e per square metre by 2030, representing a 51% reduction from the 2023 baseline of 63.8 kg CO2e per square metre. For retail spaces, the target is 40.6 kg CO2e per square metre by 2030, a 47% reduction from the 2023 baseline of 76.0 kg CO2e per square metre. These targets specifically address Scope 1 and Scope 2 emissions related to its facilities. The organisation also discloses production emission factors for materials such as aluminium and cement, as well as aviation emissions intensity.