Great Southern Bank Sustainability Profile
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 36 is higher than 56% 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 6,631,000 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 601,637,000 USD. Comparatively, in 2022, the bank's total emissions were about 7,066,000 kg CO2e, with Scope 1 emissions at 135,000 kg CO2e, Scope 2 at 952,000 kg CO2e, and Scope 3 at 5,979,000 kg CO2e. This indicates a reduction of approximately 435,000 kg CO2e in total emissions year-on-year. Great Southern Bank has set ambitious climate commitments, aiming for a 42% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using the fiscal year 2022 as a baseline. This target aligns with science-based targets submitted to the Science Based Targets initiative (SBTi), demonstrating the bank's commitment to addressing its operational emissions effectively. The bank's emissions data is not cascaded from any parent organisation, indicating that these figures are independently reported. Great Southern Bank's ongoing efforts reflect a proactive approach to climate responsibility within the financial sector 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 |
How Carbon Intensive is Great Southern Bank's Industry?
How Carbon Intensive is Great Southern Bank's Location?
Great Southern Bank's Scope 3 Categories Breakdown
Great Southern Bank's Scope 3 emissions, which decreased by 4% last year and decreased by approximately 1% since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Investments" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Great Southern Bank'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.
Great Southern Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
