Commbank Sustainability Profile
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 65 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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Commbank's reported carbon emissions
In 2025, Commonwealth Bank of Australia (Commbank) reported total carbon emissions of approximately 5,592,000 kg CO2e for Scope 1 and 125,000 kg CO2e for Scope 2 in Australia, resulting in a combined total of about 5,717,000 kg CO2e. Globally, Commbank's emissions included approximately 67,780,000 kg CO2e for Scope 1, 5,592,000 kg CO2e for Scope 2, and 67,383,000 kg CO2e for Scope 3, which encompasses significant categories such as business travel and employee commuting. Commbank has set ambitious reduction targets, aiming for a 51% decrease in Scope 1 emissions intensity to 31.1 kg CO2e/m² by 2030, compared to a 2023 baseline of 63.8 kg CO2e/m². Additionally, the bank targets a 47% reduction in Scope 2 emissions intensity to 40.6 kg CO2e/m² by 2030, down from a baseline of 76.0 kg CO2e/m² established in 2023. The emissions data is not cascaded from any parent organization, and all figures are directly reported by Commonwealth Bank of Australia. The bank's commitment to reducing its carbon footprint aligns with industry standards and reflects its dedication to addressing climate change.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 9,063,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 107,762,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 93,622,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Commbank's Industry?
How Carbon Intensive is Commbank's Location?
Commbank's Scope 3 Categories Breakdown
Commbank's Scope 3 emissions, which increased by 24% last year and decreased by approximately 28% since 2016, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 48% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 37% of Scope 3 emissions.
Top Scope 3 Categories
Commbank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Commbank has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
