Bank Australia
Bank Australia, headquartered in Australia, is a customer-owned bank that has been serving the community since its establishment in 1957. With a strong presence across major operational regions, including Victoria and New South Wales, the bank focuses on providing ethical banking solutions that prioritise social and environmental responsibility. Specialising in personal banking, home loans, and business banking, Bank Australia distinguishes itself through its commitment to sustainability and community investment. The bank's unique approach includes financing projects that align with positive environmental outcomes, setting it apart in the competitive banking industry. Recognised for its customer-centric model, Bank Australia has achieved notable milestones, including being named a leader in responsible banking practices. With a growing customer base, it continues to strengthen its market position as a trusted alternative to traditional banks.
DitchCarbon Score
How does Bank 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
Bank Australia's score of 50 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank Australia's reported carbon emissions
In 2024, Bank Australia reported total carbon emissions of approximately 3,494,800 kg CO2e. This figure includes Scope 1 emissions of about 78,000 kg CO2e, primarily from mobile and stationary combustion, and Scope 2 emissions of approximately 531,900 kg CO2e. The majority of their emissions, around 3,416,900 kg CO2e, fall under Scope 3, which encompasses business travel, employee commuting, and purchased goods and services. Comparatively, in 2023, the bank's total emissions were about 2,618,700 kg CO2e, with Scope 1 emissions at 78,300 kg CO2e and Scope 2 emissions at 681,600 kg CO2e. The Scope 3 emissions for that year were approximately 2,540,400 kg CO2e. Bank Australia has set ambitious targets to reduce its Scope 1 and 2 emissions by 16% below 2017 levels by 2025. As of 2023, they are on track to meet this goal. Additionally, the bank is developing a climate action plan aimed at achieving net-zero emissions by 2050, reflecting their commitment to long-term sustainability. The bank's portfolio targets cover 82% of its total investment and lending activities, aligning with the reductions necessary to limit global warming to 1.5°C. These targets are consistent with the Science Based Targets initiative (SBTi) guidelines, demonstrating Bank Australia's proactive approach to climate action.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 65,700 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | - | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 899,300 | 000,000 | 000,000 | 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.
Bank Australia is participating in some 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.
