MyState

Sustainability Report and Carbon Intensity Rankings

Is MyState doing their part?

Their DitchCarbon score is 39

MyState has a DitchCarbon Score of 39 out of 100, indicating a lower performance in sustainability measures. This score suggests that MyState’s carbon intensity is relatively high, reflecting a need for improvement in reducing emissions. The company’s current strategies may not be sufficiently effective in minimizing their carbon footprint.

This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.

Industry emissions intensity

Very low

Low

Medium

High

Very high

MyState is a company in the finance sector, which has a very low carbon intensity ranking compared to other industries. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.

Location emissions intensity

Very low

Low

Medium

High

Very high

The company in Australia operates in a region with a very high carbon intensity rating, indicating significant greenhouse gas emissions per energy unit produced. This suggests that the company may face challenges in reducing its carbon footprint and enhancing its sustainability efforts due to the local energy infrastructure.
11.83%

...this company is doing 11.83% worse in emissions than the industry average.

MyState Limited, founded in September 2009, is a diversified financial services group based in Hobart, Tasmania, operating in the finance sector. The company emerged from the merger of MyState Financial and Tasmanian Perpetual Trustees, expanding further with the acquisition of The Rock Building Society in 2011. MyState offers a range of services including banking, trustee, and wealth management solutions, and transitioned to MyState Bank in 2014 after APRA authorisation.

Good news, MyState has embraced SBTi commitments for sustainability

MyState has pledged to align its operations with the Science Based Targets initiative by significantly reducing its greenhouse gas emissions. This commitment means the company is taking actionable steps to contribute to limiting global warming and achieving a low-carbon future.

There’s always room for improvement,

DitchCarbon recommends...

MyState should explore opportunities for fuel switching in transportation and operations to potentially reduce their emissions by 15%.
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✓ Company emission source URLs

✓ Supply level emission factors

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Our methodology

Read about our emission calculation methodologies, and what the DitchCarbon Score means.