Commonwealth Bank's head office in Sydney. Photo: Google Earth/StreetviewThe Commonwealth Bank of Australia (commonly referred to as the CommBank), 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, ASB Bank (New Zealand), Commonwealth Securities and Commonwealth Insurance.
| Website | http://www.commbank.com.au |
| Headquarters |
11 Harbour Street
NSW 2000 Sydney
Australia
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| CEO/chair |
Matt Comyn CEO |
| Supervisor | |
| Annual reports |
Annual Integrated Report 2019 Annual integrated report 2018 |
| Ownership |
listed on Australian Securities Exchange
CommBank's share holder structure can be accessed here. |
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 Commonwealth Bank 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. Commonwealth Bank's web page on corporate social responsibility can be accessed here.
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Commonwealth Bank adopted the Equator Principles in 2014.
Commonwealth Bank must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
Commonwealth Bank is involved in financing the following Equator Principles projects that BankTrack considers controversial.
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True leader
Front runner
Follower
Laggard
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BankTrack has assessed Commonwealth Bank on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Commonwealth Bank is assessed as a Follower, with a total score of 5.5/12.
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Commonwealth Bank is reporting on the implementation here.
