Bank Of Queensland
Bank of Queensland Limited (BOQ) is a prominent financial institution headquartered in Brisbane, Australia. Established in 1874, BOQ has evolved into a key player in the Australian banking sector, primarily serving the retail and commercial banking markets across Queensland and other major regions. With a diverse range of core products and services, including personal loans, home loans, and business banking solutions, BOQ distinguishes itself through its customer-centric approach and innovative offerings. The bank's unique franchise model empowers local branches, fostering strong community ties and personalised service. Recognised for its commitment to customer satisfaction, BOQ has achieved notable milestones, including consistent growth in its market position and a strong reputation for reliability. As a trusted name in the banking industry, Bank of Queensland continues to adapt and thrive in an ever-evolving financial landscape.
DitchCarbon Score
How does Bank Of Queensland'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 Of Queensland's score of 56 is higher than 97% 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 Of Queensland's reported carbon emissions
In 2024, Bank of Queensland (BOQ) reported total emissions of approximately 3,325,000 kg CO2e, comprising 328,000 kg CO2e from Scope 1 and about 3,293,000 kg CO2e from Scope 2. This marks a reduction from 2023, where emissions were approximately 3,658,000 kg CO2e, with Scope 1 emissions at 359,000 kg CO2e and Scope 2 at about 3,598,000 kg CO2e. BOQ has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions by 90% and Scope 3 emissions by 40% by 2030, using a 2020 baseline. This commitment reflects a significant effort to align with global climate goals. Additionally, BOQ is dedicated to achieving 100% renewable electricity for its operations by 2025, further supporting its sustainability initiatives. The bank is also committed to maintaining operational carbon neutrality through certification with the Australian Government's Climate Active program. Furthermore, BOQ plans to cease funding for equipment involved in fossil fuel extraction by the end of 2024, demonstrating a proactive approach to reducing its carbon footprint across all scopes. Overall, BOQ's emissions reduction targets and initiatives illustrate its commitment to addressing climate change and promoting sustainability within the financial sector.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 252,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 5,007,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 36,944,000 | 00,000,000 | 00,000,000 | - | - |
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 Of Queensland 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.
