Reserve Bank of Australia Sustainability Profile
The Reserve Bank of Australia (RBA), headquartered in Sydney, is the nation's central bank and a pivotal institution in the Australian financial system. Established in 1959, the RBA plays a crucial role in monetary policy, financial stability, and the issuance of currency, ensuring the smooth functioning of the economy across major operational regions in Australia. As a key player in the banking industry, the RBA is responsible for setting interest rates and managing inflation, with a focus on fostering sustainable economic growth. Its unique core services include the management of Australia's foreign reserves and the oversight of payment systems, which contribute to the stability and efficiency of the financial sector. The RBA's commitment to transparency and accountability has solidified its position as a trusted authority in the Australian economy, marked by significant milestones such as the introduction of the Australian dollar in 1966.
DitchCarbon Score
How does Reserve Bank of Australia'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
Reserve Bank of Australia's score of 27 is lower than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Reserve Bank of Australia's reported carbon emissions
In 2024, the Reserve Bank of Australia (RBA) reported total carbon emissions of approximately 12,629,966 kg CO2e across all scopes. This includes Scope 1 emissions of about 1,262,966 kg CO2e, with fugitive emissions contributing approximately 140,712 kg CO2e. Scope 2 emissions were significantly higher, totalling around 18,427,153 kg CO2e. Additionally, Scope 3 emissions amounted to approximately 2,246,679 kg CO2e, with notable contributions from business travel (about 186,303 kg CO2e) and purchased goods and services (approximately 1,494,187 kg CO2e). In 2023, the RBA's emissions were reported at approximately 12,763,775 kg CO2e for Scope 2 (market-based), while Scope 1 emissions were about 1,726,203 kg CO2e, including mobile and stationary combustion. Scope 3 emissions for that year were around 3,335,571 kg CO2e, with business travel accounting for approximately 192,159 kg CO2e. Despite these figures, the RBA has not set specific reduction targets or climate pledges, indicating a lack of formal commitments to reduce emissions at this time. The emissions data is not cascaded from any parent organisation, and all figures are directly reported by the Reserve Bank of Australia.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 1,727,203 | 0,000,000 |
| Scope 2 | 12,763,775 | 00,000,000 |
| Scope 3 | 6,678 | 0,000,000 |
How Carbon Intensive is Reserve Bank of Australia's Industry?
How Carbon Intensive is Reserve Bank of Australia's Location?
Reserve Bank of Australia's Scope 3 Categories Breakdown
Reserve Bank of Australia's Scope 3 emissions, which increased significantly last year and increased significantly since 2023, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 10% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 67% of Scope 3 emissions.
Top Scope 3 Categories
Reserve Bank of Australia'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.
Reserve Bank of Australia 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.
