Mystate
Mystate Limited, commonly referred to as Mystate, is a prominent financial services provider headquartered in Australia. Established in 2006, the company has made significant strides in the banking and financial sector, particularly in Tasmania and other key regions across the country. Mystate offers a range of core products, including personal banking, home loans, and investment services, distinguished by their customer-centric approach and competitive rates. With a commitment to innovation and community engagement, Mystate has positioned itself as a trusted alternative to traditional banks, earning accolades for its service excellence and sustainable practices. As a growing player in the Australian financial landscape, Mystate continues to enhance its offerings, ensuring that it meets the evolving needs of its customers while maintaining a strong market presence.
DitchCarbon Score
How does Mystate'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
Mystate's score of 31 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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Mystate's reported carbon emissions
In 2023, Mystate reported total carbon emissions of approximately 55,834,000 kg CO2e. This figure includes Scope 1 emissions of about 41,000 kg CO2e, Scope 2 emissions of approximately 137,000 kg CO2e, and significant Scope 3 emissions totalling around 4,341,000 kg CO2e. Comparatively, in 2022, the total emissions were about 49,164,000 kg CO2e, with Scope 1 at 40,000 kg CO2e, Scope 2 at 207,000 kg CO2e, and Scope 3 at approximately 4,622,000 kg CO2e. The 2021 emissions were lower, at around 4,690,000 kg CO2e, with Scope 1 emissions of 54,000 kg CO2e, Scope 2 at 271,000 kg CO2e, and Scope 3 at about 4,365,000 kg CO2e. Despite these figures, Mystate has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction strategies suggests a need for further development in their sustainability efforts.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 54,000 | 00,000 | 00,000 |
| Scope 2 | 271,000 | 000,000 | 000,000 |
| Scope 3 | 4,365,000 | 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.
Mystate 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.
