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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.
55
DitchCarbon score
+18 vs industry average
Commbank’s score of 55 is higher than 69% 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
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2029
2020202120222023202420252026202720282029
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Commbank's reported carbon emissions
CommBank reported total carbon emissions of approximately 667.0 million kg CO2e in 2026. This includes about 6.08 million kg CO2e from Scope 1 emissions, 50.62 million kg CO2e from Scope 2 emissions (purchased electricity), and approximately 610.28 million kg CO2e from Scope 3 emissions. Key contributors to Scope 3 emissions in 2026 included purchased goods and services (approximately 502.69 million kg CO2e) and capital goods (approximately 28.82 million kg CO2e).
Looking back, CommBank's total carbon emissions for 2025 were approximately 694.59 million kg CO2e, comprising around 6.39 million kg CO2e from Scope 1, 58.17 million kg CO2e from Scope 2, and 630.03 million kg CO2e from Scope 3.
CommBank has set a Group-wide Scope 1 and 2 GHG emissions reduction target of 1% by 2030, using a 2020 baseline. Additionally, the company aims to reduce its office intensity target to 31.1 kg CO2e/m2, representing a 51% reduction from its 2023 baseline of 63.8 kg CO2e/m2. For retail operations, CommBank targets a 47% reduction in intensity to 40.6 kg CO2e/m2 from a 2023 baseline of 76.0 kg CO2e/m2 by 2030.
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Commbank’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
9 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Active
RE 100
2030 targetSee details
Active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Commbank1 year ago
55
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