Great Southern Bank
Great Southern Bank, formerly known as CUA, is a prominent financial institution headquartered in Australia. Established in 1946, it has evolved into a leading player in the banking sector, primarily serving customers across Queensland, New South Wales, and Victoria. The bank focuses on personal banking services, including home loans, savings accounts, and insurance products, distinguished by its commitment to customer satisfaction and community engagement. With a strong emphasis on ethical banking practices, Great Southern Bank has garnered a reputation for its competitive rates and innovative financial solutions. The bank's dedication to social responsibility and sustainability has positioned it favourably in the market, making it a trusted choice for individuals seeking reliable banking services. As it continues to grow, Great Southern Bank remains committed to enhancing the financial well-being of its customers and the communities it serves.
DitchCarbon Score
How does Great Southern Bank'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
Great Southern Bank's score of 39 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Great Southern Bank's reported carbon emissions
In 2023, Great Southern Bank reported total carbon emissions of approximately 304,134,000 kg CO2e. This figure includes 45,000 kg CO2e from Scope 1 emissions, 825,000 kg CO2e from Scope 2 emissions, and a significant 5,761,000 kg CO2e from Scope 3 emissions, which encompasses investments amounting to 297,503,000 kg CO2e. The bank has set ambitious climate commitments, aiming for a 42% reduction in its absolute Scope 1 and 2 greenhouse gas emissions by 2030, using the fiscal year 2022 as a baseline. This target reflects a proactive approach to mitigating climate impact and aligns with science-based targets submitted to the Science Based Targets initiative (SBTi). In comparison, the previous year's emissions in 2022 were approximately 386,043,000 kg CO2e, indicating a downward trend in total emissions. The breakdown for 2022 included 135,000 kg CO2e from Scope 1, 952,000 kg CO2e from Scope 2, and 5,979,000 kg CO2e from Scope 3 emissions. Great Southern Bank's commitment to reducing its carbon footprint demonstrates its dedication to sustainability and responsible banking practices in Australia.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 141,000 | 000,000 | 000,000 | 00,000 |
| Scope 2 | 1,225,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 3 | 5,814,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
Great Southern Bank is not participating in any 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.
