Reserve Bank of Australia
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 32 is higher than 55% 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 26,000,798 kg CO2e. This figure 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 at about 18,427,153 kg CO2e, while Scope 3 emissions totalled around 2,246,679 kg CO2e, which includes business travel emissions of approximately 139,956 kg CO2e and purchased goods and services emissions of about 1,494,187 kg CO2e. In 2023, the RBA's emissions were slightly lower, with total emissions reported at approximately 23,000,000 kg CO2e. This included Scope 1 emissions of about 1,726,203 kg CO2e, with mobile combustion accounting for approximately 8,729 kg CO2e and stationary combustion for about 1,718,474 kg CO2e. Scope 2 emissions were reported at approximately 19,830,125 kg CO2e, while Scope 3 emissions were around 6,678 kg CO2e, with business travel contributing approximately 192,159 kg CO2e and purchased goods and services at about 3,323,571 kg CO2e. Currently, the RBA has not set specific reduction targets or initiatives, nor do they participate in any industry-standard climate pledges such as SBTi. The emissions data is not cascaded from any parent organisation, indicating that the RBA's reporting is independent. The bank's commitment to addressing climate change remains to be defined, as no formal climate commitments have been disclosed.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 1,727,203 | 0,000,000 |
| Scope 2 | 19,830,125 | 00,000,000 |
| Scope 3 | 6,678 | 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.
Reserve Bank of Australia 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.
