In 2024, Commonwealth Bank conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards.The company provided a breakdown of its waste by treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Waste Generated | 698a | 781a | 638a | |
Total Waste Recovered | 280a | 446a | 408a | |
Total Hazardous Waste Generated | N/A | N/A | N/A | |
Non-Hazardous Waste Disposed | N/A | N/A | N/A |
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In 2024, Commonwealth Bank generated a total of 698metric tonnes of waste.a
Of this amount, 40.11% of Commonwealth Bank's total waste generated was recovered through methods such as recycling, reuse, or composting, while 59.89% was disposed of through landfilling, incineration, or combustion.a
In 2024, Commonwealth Bank reported a total waste generation of 698 metric tonnes, of which 40.11% was recovered through recycling, reuse, or composting.This moderate level of recovery indicates that Commonwealth Bank is taking steps toward improving its waste diversion practices, though there is still room to enhance recycling and recovery efforts.a
Since 2020, Commonwealth Bank's total waste generation decreased by 67.58%, including a further 10.63% drop in 2024, highlighting a consistent and deliberate reduction in waste production over time.a
Over the same period, Commonwealth Bank's waste recovery rate declined by 25.87%, with a further 29.75% drop in 2024, underscoring a weakening in waste diversion performance and a potential drift away from circular waste strategies.a
Overall, while Commonwealth Bank has successfully reduced its total waste generation, its waste recovery efforts have also declined. This pattern could suggest a shift in strategy away from circular treatment methods or a lag in recovery infrastructure development.