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 95% 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, Commbank reported total carbon emissions of approximately 71,149,000 kg CO2e globally, with specific emissions of about 7,258,000 kg CO2e from Scope 1, 33,000 kg CO2e from Scope 2 (market-based), and a significant 145,247,000 kg CO2e from Scope 3. In Australia, the bank's emissions totalled around 56,891,000 kg CO2e, comprising 5,195,000 kg CO2e from Scope 1 and 51,696,000 kg CO2e from Scope 3, while Scope 2 emissions were negligible. Commbank has set ambitious reduction targets to enhance its sustainability efforts. By 2030, the bank aims to achieve a 51% reduction in Scope 1 emissions intensity, targeting 31.1 kg CO2e per square metre, down from a baseline of 63.8 kg CO2e per square metre established in 2023. Additionally, for Scope 2 emissions, Commbank is targeting a 47% reduction in intensity, aiming for 40.6 kg CO2e per square metre, compared to a baseline of 76.0 kg CO2e per square metre from 2023. These commitments reflect Commbank's dedication to addressing climate change and reducing its carbon footprint across its operations.
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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.
