Commonwealth Bank of Australia
Commonwealth Bank's GHG Emissions Data Preview
In 2024, Commonwealth Bank completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).
Commonwealth Bank has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Commonwealth Bank's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Commonwealth Bank amounted to 70,867 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Commonwealth Bank increased by 789.67%, suggesting that the company faced challenges in reducing its emissions from its core operations.
Commonwealth Bank's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Commonwealth Bank's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Commonwealth Bank were 7,258 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Compared to the previous year (2023), Commonwealth Bank's Scope 1 emissions decreased by 8.02%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are Commonwealth Bank's Scope 2 emissions?
In 2024, Commonwealth Bank reported Scope 2 greenhouse gas (GHG) emissions of 33 tCOâ‚‚e using the market-based method, and 63,609 tCOâ‚‚e using the location-based method.
Has Commonwealth Bank reduced its Scope 2 emissions over time?
Compared to the previous year (2023), Commonwealth Bank's Scope 2 emissions (Location-Based) rose by 85,193.05% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy
What methodology does Commonwealth Bank use for Scope 2 reporting?
In 2024, Commonwealth Bank reported its Scope 2 emissions using the market-based method and using the location-based method.
Commonwealth Bank's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Commonwealth Bank's Value Chain Emissions
In 2024, Commonwealth Bank reported 78,577 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2024 disclosure of Commonwealth Bank includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.
Commonwealth Bank's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Commonwealth Bank's Scope 3 emissions?
In 2024, Commonwealth Bank reported total Scope 3 emissions of 78,577 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.
Has Commonwealth Bank reduced its Scope 3 emissions over time?
Since 2018, Commonwealth Bank's Scope 3 emissions have increased by 70.82%, reflecting a rising long-term trend in Scope 3 emissions over time.
Compared to the previous year (2023), Commonwealth Bank's Scope 3 emissions increased by 19.42%, suggesting that the company faced challenges in reducing emissions across its value chain.
What categories of Scope 3 emissions does Commonwealth Bank disclose?
In 2024, Commonwealth Bank reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Commonwealth Bank's Scope 3 emissions?
In 2024, the largest contributors to Commonwealth Bank's Scope 3 emissions were:
- Employee Commuting (Cat. 7): 27,208 tCOâ‚‚e (34.85%)
- Business Travel (Cat. 6): 26,245 tCOâ‚‚e (33.61%)
- Fuel- and Energy-Related Services (Cat. 3): 19,643 tCOâ‚‚e (25.16%)
Commonwealth Bank's Scope 3 Emissions by Categories
Insights into Commonwealth Bank's Total Carbon Footprint
In 2024, Commonwealth Bank reported a total carbon footprint of 149,444 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 102.59% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.
The largest contributor to Commonwealth Bank's total carbon footprint was Scope 3 emissions, accounting for 52.58% of the company's total carbon footprint, followed by Scope 2 emissions at 42.56%.