Bank Australia Sustainability Profile
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 70% 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 78,000 kg CO2e from Scope 1 emissions, primarily from mobile and stationary combustion, and 531,900 kg CO2e from Scope 2 emissions, which are related to purchased electricity. The majority of their emissions, about 3,416,900 kg CO2e, fall under Scope 3, encompassing business travel, employee commuting, and purchased goods and services. In 2023, the bank's total emissions were approximately 2,618,700 kg CO2e, with Scope 1 emissions at 78,300 kg CO2e and Scope 2 emissions at 681,600 kg CO2e. Scope 3 emissions for that year were about 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 working towards a long-term goal of achieving net-zero emissions by 2050, with a climate action plan currently in development. Their near-term targets are aligned with the Science Based Targets initiative (SBTi), aiming for a 1.5°C pathway, covering 82% of their total investment and lending activities. The bank's emissions data is independently reported and does not cascade from any parent organization.
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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 |
How Carbon Intensive is Bank Australia's Industry?
How Carbon Intensive is Bank Australia's Location?
Bank Australia's Scope 3 Categories Breakdown
Bank Australia's Scope 3 emissions, which increased by 35% last year and increased by approximately 280% since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 57% of Scope 3 emissions.
Top Scope 3 Categories
Bank 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.
Bank Australia has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Bank Australia's sustainability data and climate commitments