Commonwealth Bank Sustainability Profile
Commonwealth Bank, often referred to as CommBank, is a leading financial institution headquartered in the United States, with significant operations across North America and beyond. Founded in 1911, the bank has established itself as a key player in the banking and financial services industry, offering a diverse range of products including personal banking, business solutions, and investment services. CommBank is renowned for its innovative digital banking solutions, which enhance customer experience and streamline financial management. The bank's commitment to sustainability and community engagement further distinguishes it in a competitive market. With a strong market position, Commonwealth Bank has received numerous accolades for its customer service and technological advancements, solidifying its reputation as a trusted financial partner.
DitchCarbon Score
How does Commonwealth Bank'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 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
Commonwealth Bank's score of 29 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Commonwealth Bank, headquartered in the US, currently does not provide specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. The bank's climate commitments and reduction initiatives are also not detailed, with no documented reduction targets or climate pledges available. However, it is important to note that Commonwealth Bank's emissions data and performance metrics are cascaded from its parent company, Citizens Financial Group, Inc., at a cascade level of three. This means that any relevant emissions data or climate initiatives would be derived from Citizens Financial Group's reporting and commitments. As of now, Commonwealth Bank has not established specific science-based targets (SBTi) or documented significant reduction achievements. The lack of available data highlights the need for further transparency in their climate strategy and emissions management.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | 0,000,000 | 0,000,000 |
| Scope 2 | - | - | - | - | - | - | - | 00,000,000 | - |
| Scope 3 | - | - | - | - | - | - | - | 0,000,000 | 0,000,000 |
How Carbon Intensive is Commonwealth Bank's Industry?
How Carbon Intensive is Commonwealth Bank's Location?
Commonwealth Bank's Scope 3 Categories Breakdown
Commonwealth Bank's Scope 3 emissions, which decreased by 1% last year and decreased by approximately 1% since 2023, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 31% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 88% of Scope 3 emissions.
Top Scope 3 Categories
Commonwealth Bank'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.
Commonwealth Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
