Commbank
Commonwealth Bank of Australia, often referred to as Commbank, is a leading financial institution headquartered in Sydney, Australia. Established in 1911, it has grown to become one of the largest banks in the country, serving millions of customers across Australia and internationally. Operating primarily in the banking and financial services industry, Commbank offers a diverse range of products, including personal and business banking, investment services, and insurance. Its innovative digital banking solutions set it apart, providing customers with seamless access to their finances. With a strong market position, Commbank has consistently been recognised for its commitment to customer service and technological advancement, earning accolades for its mobile banking app and online services. As a trusted name in finance, Commbank continues to shape the future of banking in Australia and beyond.
DitchCarbon Score
How does Commbank'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 Financial Intermediation 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
Commbank's score of 40 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Commbank's reported carbon emissions
In 2023, Commbank reported total carbon emissions of approximately 67,433,000 kg CO2e, with Scope 1 emissions at about 7,891,000 kg CO2e, Scope 2 emissions at approximately 74,577,000 kg CO2e, and Scope 3 emissions reaching about 134,730,000 kg CO2e. This marked a significant increase in emissions compared to previous years, reflecting the challenges faced in reducing carbon footprints amid growing operational demands. In 2022, the bank's total emissions were approximately 35,745,000 kg CO2e, with Scope 1 emissions at about 6,667,000 kg CO2e, Scope 2 emissions at approximately 5,900,000 kg CO2e, and Scope 3 emissions at around 76,643,000 kg CO2e. This indicates a notable increase in emissions from 2022 to 2023. Commbank has not publicly disclosed specific reduction targets or initiatives aimed at decreasing its carbon emissions, nor has it committed to the Science Based Targets initiative (SBTi). The absence of documented reduction targets suggests a need for enhanced climate commitments in line with industry standards. Overall, Commbank's emissions data highlights the importance of developing robust strategies to address climate change and reduce carbon footprints across all scopes of emissions.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 9,063,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 107,762,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 0,000,000 | - | 00,000 | 00,000 |
| Scope 3 | 93,622,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 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.
Commbank is committed to some 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.
