Bank Australia

Bank Australia, a financial intermediation services company headquartered in Australia, reported total carbon emissions of approximately 3.49 million kg CO2e in 2024. This figure includes Scope 1 emissions of 78,000 kg CO2e, Scope 2 emissions of 531,900 kg CO2e (location-based), and Scope 3 emissions of 3.41 million kg CO2e. Key contributors to Scope 3 emissions in 2024 were purchased goods and services (1.93 million kg CO2e), employee commute (720,800 kg CO2e), and business travel (468,800 kg CO2e).

Looking back, total emissions were approximately 2.61 million kg CO2e in 2023, 925,000 kg CO2e in 2022, 699,600 kg CO2e in 2021, and 965,100 kg CO2e in 2020.

Bank Australia is committed to climate action, aiming to become a net-zero emissions bank by 2050. The bank also has a near-term absolute reduction target for Scope 1 and 2 emissions, aiming for a 16% reduction below 2017 levels by 2025. This target is considered consistent with keeping global warming to 1.5°C, according to the Science Based Targets initiative (SBTi). Bank Australia's portfolio targets, as of 2021, cover 82% of its total investment and lending activities.