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 49 is higher than 70% 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 2024, Commonwealth Bank of Australia (Commbank) reported total carbon emissions of approximately 56,891,000 kg CO2e. This figure includes 5,195,000 kg CO2e from Scope 1 emissions, while Scope 2 emissions were reported as 58,312,000 kg CO2e (location-based), and Scope 3 emissions totalled 51,696,000 kg CO2e. Commbank has set ambitious reduction targets for its emissions. For Scope 1, the bank aims to achieve an intensity target of 31.1 kg CO2e/m² by 2030, representing a 51% reduction from its 2023 baseline of 63.8 kg CO2e/m². Additionally, for Scope 2, the target is set at 40.6 kg CO2e/m², a 47% reduction from the 2023 baseline of 76.0 kg CO2e/m², also to be achieved by 2030. The bank's commitment to sustainability is evident in its comprehensive approach to emissions reporting and reduction initiatives, aligning with industry standards and climate terminology. Commbank's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported.
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| 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 participating in some of the initiatives that 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.
