Commonwealth Bank of Australia, often referred to as Commbank, is a leading financial institution headquartered in Sydney, Australia. Established in 1911, Commbank has grown to become a pivotal player in the financial intermediation services sector, excluding insurance and pension funding. The bank operates extensively across Australia and has a significant presence in New Zealand and Asia.
Commbank offers a diverse range of core products and services, including personal banking, business solutions, and investment services, distinguished by their innovative digital platforms and customer-centric approach. The bank has achieved notable milestones, such as being one of the first to introduce online banking in Australia, solidifying its market position as a trusted financial partner. With a commitment to sustainability and community engagement, Commbank continues to lead in the financial services industry, adapting to the evolving needs of its customers.
+31 vs industry average
Commbank’s score of 68 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Commbank's reported carbon emissions
CommBank's (Commonwealth Bank of Australia) disclosed carbon emissions for 2025 show a total of 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, with Scope 2 (location-based) at about 58.2 billion kg CO2e. Scope 3 emissions for 2025 were approximately 62.1 billion kg CO2e, with business travel accounting for about 20.4 billion kg CO2e and employee commute for around 24.6 billion kg CO2e. Upstream leased assets contributed about 10.2 billion kg CO2e, and fuel and energy-related activities were approximately 6.8 billion kg CO2e.
In 2024, total emissions were not explicitly provided as a sum of all scopes. However, Scope 1 emissions were approximately 7.3 billion kg CO2e, Scope 2 (market-based) were around 33,000 kg CO2e, and Scope 2 (location-based) were approximately 63.8 billion kg CO2e. Scope 3 emissions for 2024 totalled about 76.6 billion kg CO2e.
For 2023, total emissions were approximately 70.3 billion kg CO2e, with Scope 1 at about 7.9 billion kg CO2e and Scope 2 (market-based) at approximately 12,000 kg CO2e. Scope 2 (location-based) were reported at about 74.7 billion kg CO2e, and Scope 3 emissions were around 70.3 billion kg CO2e.
Emissions data for 2022 totalled approximately 41 billion kg CO2e. Scope 1 emissions were about 6.7 billion kg CO2e, Scope 2 (market-based) were approximately 1.8 billion kg CO2e, and Scope 2 (location-based) were around 83.2 billion kg CO2e. Scope 3 emissions were approximately 41 billion kg CO2e.
In 2021, total emissions were around 38 billion kg CO2e, with Scope 1 at approximately 8.8 billion kg CO2e and Scope 2 (location-based) at about 95.8 billion kg CO2e. Scope 3 emissions were approximately 38 billion kg CO2e.
Earlier reported total emissions include approximately 57.8 billion kg CO2e in 2020, 186 billion kg CO2e in 2019, 182 billion kg CO2e in 2018, 197 billion kg CO2e in 2017, 210 billion kg CO2e in 2016, 223 billion kg CO2e in 2015, and 242 billion kg CO2e in 2014. For these earlier years, Scope 1 and 2 combined emissions are often reported, rather than individual scope breakdowns.
CommBank has set intensity reduction targets:
- A near-term target for office Scope 1 emissions of 31.1 kg CO2e per square metre by 2030, representing a 51% reduction from a 2023 baseline of 63.8 kg CO2e per square metre.
- A near-term target for retail Scope 2 emissions of 40.6 kg CO2e per square metre by 2030, a 47% reduction from a 2023 baseline of 76.0 kg CO2e per square metre.
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Commbank’s Climate Goals (2030 & 2050)
2 goals2030
51% reduction in Scope 1
Our office target is 31.1 kgCO2-e/m2, a reduction of 51% compared to our 2023 baseline of 63.8 kgCO2-e/m2.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
7 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Commbank
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