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Australia: Put your bank on notice over coal and gas
Take action on Commonwealth Bank's involvement in Adani's massive coal export plans!

Commonwealth Bank Australia pdf

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Sydney Headquarters. Credit; Preston Rowe Paterson.
about Commonwealth Bank

Commonly referred to as the Commbank, the Commonwealth Bank of Australia was founded in 1911 by the Australian government, listed on the Australian Stock Exchange in 1991, and fully privatised in 1996. The Commonwealth Bank is on of the "big four" Australian banks, and the largest Australian listed company on the Australian Securities Exchange as of August 2015. The bank has brands including BankWest, Colonial First State Investments Ltd., ASB Bank (New Zealand), Commonwealth Securities Ltd. (CommSec)and Commonwealth Insurance Ltd. (CommInsure).

This profile also deals with Colonial First State Global Asset Management which is the asset management division of the Commonwealth Bank. Some policies displayed at this profile only count for Commonwealth Bank, in this case we clarified this.


ownership
listed on Australian Securities Exchange

Public Shareholder


image
headquarters
11 Harbour Street
NSW 2000 Sydney
Australia
CEO/chair
Ian Narev
CEO
 
banktrack contact

Johan Frijns, BankTrack

voluntary initiatives:

investment policies of Commonwealth Bank

The Commonwealth Bank's group's asset management business, Colonial First State Group Asset Management and insurance business, CommInsure, are both signatories to the (UN) Principles for Responsible Investment. Both the CommonwealthBank and its wholly-owned subsidiary Colonial First State report to the Carbon Disclosure Project. 

Read here how the Commonwealth Bank Group is managing, and reporting on, its ESG impacts.

Environmental, Social & Governance (ESG) Lending Commitments
Implementation and Reporting
Jul 07, 2016 | Commonwealth bank
Date listed represents date accessed on website.
Our approach to tax
Dec 16, 2015 | Commonwealth Bank
Human Rights Position Statement
Launched Nov 2015
Nov 05, 2015 | Commonwealth Bank
Group Environment Policy
Apr 11, 2015 | Commonwealth bank
First version out in 2001, this is updated version.
Responsible Investing Framework
Apr 11, 2015 | Commonwealth Bank
Climate change position statement
Jan 09, 2008 | Colonial First State Global Asset Management

equator principles
Commonwealth Bank has adopted the Equator Principles. For more information on how Commonwealth Bank implements the Equator Principles go to the Equator page of Commonwealth Bank.

human rights
True leader Front runner Follower Laggard
BankTrack has assessed Commonwealth Bank on its implementation of the UN Guiding Principles on Business and Human Rights. Commonwealth Bank is assessed as a Follower, with a total score of 5.5/12.
PolicyDue dil.ReportingRemedy
3/31.5/31/30/3
For more details, see Banking with Principles? 2016 update.
image
headquarters
11 Harbour Street
NSW 2000 Sydney
Australia
CEO/chair
Ian Narev
CEO
 
banktrack contact

Johan Frijns, BankTrack

Commonwealth Bank and the Equator Principles

Implementation and reporting

Commonwealth Bank is reporting on the implementation here.


Contact and complaints

Equator Principles dodgy deals
dodgy deals on record
Liquified Natural Gas (LNG) project
Papua New Guinea
Liquified Natural Gas (LNG) is natural gas that has been chilled to liquid form, reducing it to one-six-hundredth of its original volume for transportation by ship to destinations…

image
headquarters
11 Harbour Street
NSW 2000 Sydney
Australia
CEO/chair
Ian Narev
CEO
 
banktrack contact

Johan Frijns, BankTrack

Carmichael coal mine project
Australia
Carmichael - located in Queensland's unexploited Galilee Basin and proposed by Indian conglomerate Adani - would take the crown of Australia's biggest and baddest coal mine…
Great Barrier Reef Coal & Gas Exports
Australia
Australia is on the verge of an unprecedented coal boom. The epicentre of this expansion is the yet-to-be-developed Galilee Basin in Central Queensland. Galilee is the proposed…
Hazelwood coal fired-power station
Australia
Hazelwood power station and mine are located in Victoria's Latrobe Valley, 150 km east of Melbourne in Australia. The 1,542 megawatt brown coal-fired power station is supplied…
Maules Creek coal mine
Australia
Whitehaven Coal's Maules Creek mine is a part thermal, part semi soft coking coal mine being developed in the Gunnedah Basin in Northern New South Wales. It would produce…
Mountain top removal coal mining
United States
Mountain top removal (MTR) mining is a form of strip mining in which coal companies use explosives to blast as much as 800 to 1,000 feet off the tops of mountains order to…
Rosemont Copper Mine
United States
Vancouver-based speculative mining company, Augusta Resource Corporation, and its Arizona subsidiary, Rosemont Copper Company, plan to blast a mile-wide, half-mile deep…
check dodgy deals on record
image
headquarters
11 Harbour Street
NSW 2000 Sydney
Australia
CEO/chair
Ian Narev
CEO
 
banktrack contact

Johan Frijns, BankTrack

BankTrack has identified controversial issues with the companies listed below that require attention from Commonwealth Bank.

Adani
India
Adani is a large Indian resources, logistics and energy company with big expansion plans. It was founded by Indian billionaire Gautam Adani, in 1988. It has coal mining interests…
BHP Billiton
Australia
BHP Billiton is the world's largest mining company. It occupies significant positions in major commodity businesses, including aluminium, energy coal and metallurgical coal,…
EDF
France
Like its rival and fellow French multinational AREVA, Électricité de France (EDF) is one of the biggest players in the global energy game. In fact, with more…
Glencore
Switzerland
Glencore plc (formerly Glencore Xstrata) is an Anglo-Swiss multinational commodity trading and mining company. The company was created through a merger of Glencore with Xstrata…
Rio Tinto
Australia
Rio Tinto is a mining and exploration company involved in each stage of metal and mineral production and processing. Rio Tinto is one of the largest publicly listed mining…
Wilmar Group
Singapore
Wilmar International (WLIL.SI), founded in 1991 and headquartered in Singapore is one of the world's largest agribusinesses. It is involved in a wide range of businesses,…
image
headquarters
11 Harbour Street
NSW 2000 Sydney
Australia
CEO/chair
Ian Narev
CEO
 
banktrack contact

Johan Frijns, BankTrack


 = dodgy deal
 = company profile
image
headquarters
11 Harbour Street
NSW 2000 Sydney
Australia
CEO/chair
Ian Narev
CEO
 
banktrack contact

Johan Frijns, BankTrack

2016 2015 2014 2013 2011 2010 2009
image
headquarters
11 Harbour Street
NSW 2000 Sydney
Australia
CEO/chair
Ian Narev
CEO
 
banktrack contact

Johan Frijns, BankTrack

image
headquarters
11 Harbour Street
NSW 2000 Sydney
Australia
CEO/chair
Ian Narev
CEO
 
banktrack contact

Johan Frijns, BankTrack

videos

Video: Young Protester at Commbank Melbourne on 20 May 2015
May 27, 2015 -

SBS news covers bank customers protest
Nov 05, 2013 -

image
headquarters
11 Harbour Street
NSW 2000 Sydney
Australia
CEO/chair
Ian Narev
CEO
 
banktrack contact

Johan Frijns, BankTrack

ALL 2015
image
headquarters
11 Harbour Street
NSW 2000 Sydney
Australia
CEO/chair
Ian Narev
CEO
 
banktrack contact

Johan Frijns, BankTrack

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