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Created before Nov 2016
Last update: 2020-03-10 14:26:31

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Commonwealth Bank's head office in Sydney. Photo: Google Earth/Streetview

About Commonwealth Bank

The 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
CEO/chair Matt Comyn
CEO
Supervisor
Reserve Bank of Australia
Annual reports Annual Integrated Report 2019
Annual integrated report 2018
Ownership
listed on Australian Securities Exchange

Commonwealth Bank's shareholder structure can be accessed here.

Related Dodgy Deals

Commonwealth Bank has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

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Policy Assessments

Banks, climate and energy

Bank policy scores on fossil fuel financing

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commonwealth Bank of Australia
2020-03-01
AUS
19.5
19.5
0
Australia
Profile
Laggard
19.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 19.5 points out of 200

7.5 points out of 120 for oil and gas policy.

12 points out of 80 for coal policy.

See: Banking on Climate Change - policy scores

Explanation

A bank can obtain a total of 200 policy points for its overall fossil fuel policies; 120 possible points for oil and gas policies and 80 possible points for coal policies. Based on this score banks are then classified as laggards (0-50 points), followers (50.5-100 points), front runners (100.5-150 points) or leaders (150.5-200 points).

For more details see this page.

Bank policy scores on fossil fuel expansion

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commonwealth Bank of Australia
2020-03-01
AUS
4.5
4.5
0
Australia
Profile
Laggard
4.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 4.5 points out of 89

1.5 points for a weak exclusion of tar sands projects: Commonwealth Bank prohibits project finance for mining, exploration, or development of tar sands oil. There is no prohibition on pipelines or transportation.

3 points for a moderate exclusion of Arctic oil and gas projects: Commonwealth Bank prohibits project finance for oil and gas exploration and development in the Arctic. There is no prohibition on pipelines, LNG terminals in the Arctic, or other infrastructure.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-11-14 00:00:00

Environmental and Social Framework

2019-11-14 00:00:00
Explanation

The scores for a bank's policies restricting expansion of fossil fuels - in each area, prohibitions against financing projects and/or companies expanding that area - are aggregated into a fossil fuel expansion policy score.

The point-based policy ranking for fossil fuel expansion consists of the following distribution:

  • Coal mining: 14 points​
  • Coal power: 14 points
  • Other coal: 7 points
  • Tar sands: 9 points
  • Arctic oil and gas: 9 points
  • Offshore oil and gas: 9 points
  • Fracked oil and gas: 9 points
  • LNG: 9 points
  • Other oil and gas: 9 points

A bank can obtain a total of 89 policy points for its fossil fuel expansion policy. Based on this score, banks are then classified as laggards (0-22.25 points), followers (22.25-44.5 points), front runners (44.5-66.75 points) or leaders (66.75-89 points).

For more details see this page.

Bank policy scores on oil and gas financing

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commonwealth Bank of Australia
2020-03-01
AUS
7.5
7.5
0
Australia
Profile
Laggard
7.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 7.5 points out of 120

2 points out of 20 for tar sands policy: see here.

3.5 points out of 20 for Arctic oil and has policy: see here.

0.5 point out of 20 for offshore oil and gas policy: see here.

0.5 point out of 20 for fracked oil and gas policy: see here.

0.5 point out of 20 for LNG policy: see here.

0.5 point out of 20 for other/conventional oil and gas: see here.

See: Banking on Climate Change - policy scores

Explanation

For each of the six subsectors, 20 possible policy points can be obtained, so a bank can obtain a total of 120 policy points for its oil and gas policies. Based on this score banks are then classified as laggards (0-30 points), followers (30.5-60 points), front runners (60.5-90 points) or leaders (90.5-120 points).

For more details see this page.

Bank policy scores on tar sands

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commonwealth Bank of Australia
2020-03-01
AUS
2
2
0
Australia
Profile
Laggard
2
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 2 points out of 20

1.5 points for a weak exclusion of tar sands projects: Commonwealth Bank prohibits project finance for mining, exploration, or development of tar sands oil. There is no prohibition on pipelines or transportation.

0.5 point for enhanced due diligence regarding tar sands companies: Commonwealth Bank explicitly requires that new oil and gas projects, including tar sands projects, be "in line with the goals of the Paris Agreement". While without further detail on implementation, this does not qualify as a project finance restriction, it does qualify for enhanced due diligence in the sector.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-11-14 00:00:00

Environmental and Social Framework

2019-11-14 00:00:00
Explanation

The point-based policy ranking above assesses bank policies in four ways:

 1) Restriction on direct financing for tar sands projects.

  • None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)

2) Restriction on financing for companies that expand tar sands.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for tar sands.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in tar sands above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its tar sands policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points). 

For more details see this page.

Bank policy scores on Arctic oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commonwealth Bank of Australia
2020-03-01
AUS
3.5
3.5
0
Australia
Profile
Laggard
3.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 3.5 points out of 20

3 points for a moderate exclusion of Arctic oil and gas projects: Commonwealth Bank prohibits project finance for oil and gas exploration and development in the Arctic. There is no prohibition on pipelines, LNG terminals in the Arctic, or other infrastructure.

0.5 point for enhanced due diligence regarding Arctic oil and gas companies: Commonwealth Bank explicitly requires that new oil and gas projects, including Arctic oil and gas projects, be "in line with the goals of the Paris Agreement". While without further detail on implementation, this does not qualify as a project finance restriction, it does qualify for enhanced due diligence in the sector.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-11-14 00:00:00

Environmental and Social Framework

2019-11-14 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for Arctic oil and gas projects.

  • None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)

2) Restriction on financing for companies that expand Arctic oil and gas. 

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for Arctic oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in Arctic oil and gas above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its Arctic oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on offshore oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commonwealth Bank of Australia
2020-03-01
AUS
0.5
0.5
0
Australia
Profile
Laggard
0.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0.5 point out of 20

0.5 point for enhanced due diligence regarding offshore oil and gas companies: Commonwealth Bank explicitly requires that new oil and gas projects, including offshore oil and gas projects, be "in line with the goals of the Paris Agreement". While without further detail on implementation, this does not qualify as a project finance restriction, it does qualify for enhanced due diligence in the sector.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-11-14 00:00:00

Environmental and Social Framework

2019-11-14 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for offshore oil and gas projects.

  • None (0), weak exclusion (1.5), strong exclusion (4)

2) Restriction on financing for companies that expand offshore oil and gas.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for offshore oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in offshore oil and gas above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its offshore oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on fracked oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commonwealth Bank of Australia
2020-03-01
AUS
0.5
0.5
0
Australia
Profile
Laggard
0.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0.5 point out of 20

0.5 point for enhanced due diligence regarding fracked oil and gas companies: Commonwealth Bank explicitly requires that new oil and gas projects, including fracked oil and gas projects, be "in line with the goals of the Paris Agreement". While without further detail on implementation, this does not qualify as a project finance restriction, it does qualify for enhanced due diligence in the sector. 

See: Banking on Climate Change - policy scores 

Relevant policies
csr policies
2019-11-14 00:00:00

Environmental and Social Framework

2019-11-14 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for fracked oil and gas projects.

  • None (0), weak exclusion (1.5), moderate exclusion (3), strong exclusion (4)

2) Restriction on financing for companies that expand oil and gas fracking.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for oil and gas fracking.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in oil and gas fracking above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its fracking policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on LNG

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commonwealth Bank of Australia
2020-03-01
AUS
0.5
0.5
0
Australia
Profile
Laggard
0.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0.5 point out of 20

0.5 point for enhanced due diligence regarding LNG companies: Commonwealth Bank explicitly requires that new oil and gas projects, including LNG projects, be "in line with the goals of the Paris Agreement". While without further detail on implementation, this does not qualify as a project finance restriction, it does qualify for enhanced due diligence in the sector. 

See: Banking on Climate Change - policy scores 

Relevant policies
csr policies
2019-11-14 00:00:00

Environmental and Social Framework

2019-11-14 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for LNG projects.

  • None (0), weak exclusion (1.5), strong exclusion (4)

2) Restriction on financing for companies that expand LNG.

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for LNG.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in LNG above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its LNG policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on other/conventional oil and gas

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commonwealth Bank of Australia
2020-03-01
AUS
0.5
0.5
0
Australia
Profile
Laggard
0.5
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0.5 point out of 20

0.5 point for enhanced due diligence/Equator Principles commitment regarding other/conventional oil and gas companies: Commonwealth Bank explicitly requires that new oil and gas projects be "in line with the goals of the Paris Agreement". While without further detail on implementation, this does not qualify as a project finance restriction, it does qualify for enhanced due diligence for oil and gas as a whole. The bank is also a signatory to the Equator Principles.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-11-14 00:00:00

Environmental and Social Framework

2019-11-14 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for other/conventional oil and gas projects.

  • None (0), weak exclusion (1.5), strong exclusion (4)

2) Restriction on financing for companies that expand other/conventional oil and gas. 

  • None (0), weak exclusion (3), strong exclusion (5)

3) The bank’s commitment to phase-out financing for other/conventional oil and gas.

  • None (0), reduction (1.5), weak phase-out (3), strong phase-out (5)

4) The bank’s commitment to exclude companies active in other/conventional oil and gas above a certain threshold.

  • None (0), enhanced due diligence/Equator Principles commitment (0.5), weak exclusion threshold (2), strong exclusion threshold (5), full exclusion (6)

A bank can obtain a total of 20 policy points for its other/conventional oil and gas policy. Based on this score banks are then classified as laggards (0-5 points), followers (5.5-10 points), front runners (10.5-15 points) or leaders (15.5-20 points).

For more details see this page.

Bank policy scores on coal financing

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commonwealth Bank of Australia
2020-03-01
AUS
12
12
0
Australia
Profile
Laggard
12
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 12 points out of 80

6 points out of 32 for coal mining policy: see here.

6 points out of 32 for coal power policy: see here.

See: Banking on Climate Change - policy scores

Explanation

For both coal mining and coal power, 32 possible policy points can be obtained, while for other coal,16 possible policy points can be obtained. So a bank can obtain a total of 80 policy points for its coal policies. Based on this score banks are then classified as laggards (0-20 points), followers (20.5-40 points), front runners (40.5-60 points) or leaders (60.5-80 points).

For more details see this page.

Bank policy scores on coal mining

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commonwealth Bank of Australia
2020-03-01
AUS
6
6
0
Australia
Profile
Laggard
6
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 6 points out of 32

6 points for a moderate phase-out commitment regarding coal mining companies: Commonwealth Bank commits to reduce its exposure to thermal coal mining, with the view to exiting the sector by 2030.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-11-14 00:00:00

Environmental and Social Framework

2019-11-14 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal mining projects.

  • None (0), mountaintop removal mining exclusion (0.5), weak exclusion (2), moderate exclusion (4), strong exclusion (6)

2) Restriction on financing for companies that expand coal mining.

  • None (0), weak exclusion (4), strong exclusion (8)

3) The bank’s commitment to phase-out financing for coal mining.

  • None (0), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)

4) The bank’s commitment to exclude companies active in coal mining above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)

A bank can obtain a total of 32 policy points for its coal mining policy. Based on this score banks are then classified as laggards (0-8 points), followers (8.5-16 points), front runners (16.5-24 points) or leaders (24.5-32 points).

For more details see this page.

Bank policy scores on coal power

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commonwealth Bank of Australia
2020-03-01
AUS
6
6
0
Australia
Profile
Laggard
6
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 6 points out of 32

6 points for a moderate phase-out commitment regarding coal power companies: Commonwealth Bank commits to reduce its exposure to coal power, with the view to exiting the sector by 2030.

See: Banking on Climate Change - policy scores

Relevant policies
csr policies
2019-11-14 00:00:00

Environmental and Social Framework

2019-11-14 00:00:00
Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal power projects.

  • None (0), weak exclusion (2), moderate exclusion (4), strong exclusion (6)

2) Restriction on financing for companies that expand coal power.

  • None (0), weak exclusion (4), strong exclusion (8)

3) The bank’s commitment to phase-out financing for coal power.

  • None (0), proportional reduction (1), exposure reduction (1.5), financing reduction (3), weak phase-out (4), moderate phase-out (6), strong phase-out (8)

4) The bank’s commitment to exclude companies active in coal power above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (3), moderate exclusion threshold (5), strong exclusion threshold (8), full exclusion (10)

A bank can obtain a total of 32 policy points for its coal power policy. Based on this score banks are then classified as laggards (0-8 points), followers (8.5-16 points), front runners (16.5-24 points) or leaders (24.5-32 points).

For more details see this page.

Bank policy scores on coal infrastructure

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commonwealth Bank of Australia
2020-03-01
AUS
0
0
0
Australia
Profile
Laggard
0
Follower
Front runner
Leader
1583017200
Last update: 2020-03-01
Explanation

Total: 0 points out of 20

See: Banking on Climate Change - policy scores

Explanation

The point-based policy ranking assesses bank policies in four ways:

1) Restriction on direct financing for coal infrastructure projects.

  • None (0), weak exclusion (1), strong exclusion (3)

2) Restriction on financing for companies that expand coal infrastructure.

  • None (0), weak exclusion (2), strong exclusion (4)

3) The bank’s commitment to phase-out financing for coal infrastructure.

  • None (0), exposure reduction (1), weak phase-out (2), strong phase-out (4)

4) The bank’s commitment to exclude companies active in coal infrastructure above a certain threshold.

  • None (0), enhanced due diligence (0.5), weak exclusion threshold (2), strong exclusion threshold (4), full exclusion (5)

A bank can obtain a total of 16 policy points for its coal infrastructure policy. Based on this score banks are then classified as laggards (0-4 points), followers (4.5-8 points), front runners (8.5-12 points) or leaders (12.5-16 points)

For more details see this page.

Banks and human rights

BankTrack Human Rights Benchmark 2019

BankLast update
Country
Details
Laggard
Follower
Front runner
Leader
Commonwealth Bank
AUS
100
Australia
Laggard
Follower
Front runner
Leader
Explanation

Commonwealth Bank's human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark in November 2019. The bank is assessed as a Follower, with a total score of 5 out of 14.

Policy: 3/3
Due dilligence: 1.5/5
Reporting: 0.5/3
Remedy: 0/3

For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

Equator Banks fail communities on consultation and grievance mechanisms, new study finds

BankTrack research into nine projects financed ‘under Equator’ finds routine failures to conduct proper community consultation and a lack of effective project-level grievance mechanisms
2020-11-24 | Nijmegen | BankTrack
blog
external news
our news

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
blog
external news
our news

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
blog
external news
our news

Too little, too late

National Australia Bank’s new climate policy an exercise in greenwash
2019-11-15 | Market Forces
blog
external news
our news

NAB, ANZ and Westpac hit with climate risk shareholder resolutions

2019-10-10 | Melbourne, Australia | Market Forces
blog
external news
our news

Big Australian banks face shareholder vote on coal lending

2019-10-10 | The Australian Financial Review
blog
external news
our news

Commonwealth Bank of Australia out of thermal coal by 2030

New fossil fuel projects must prove carbon compliance
2019-08-07 | Melbourne, Australia | Market Forces
blog
external news
our news

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
blog
external news
our news

Australian Prudential Regulation Authority demands banks, insurers act on climate risk

2019-03-20 | Financial Review
blog
external news
our news

Our Future: Clean energy a test for banks’ rehabilitation

2019-02-04 | The Advocate
blog
external news
our news

Banks massively financing fossil fuels unclear about future of ... fossil fuels

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen
blog
external news
our news

Behind banks' smokescreen

What banks aren't telling you about their 'climate ambition'
2018-12-13
blog
external news
our news

Australian inquiry slams greedy banks and regulator for rampant misconduct

2018-09-28 | Reuters
blog
external news
our news

Big four banks quit coal only to invest in other fossil fuels, research finds

2018-05-31 | The Guardian
blog
external news
our news

Big four banks quit coal only to invest in other fossil fuels, research finds

2018-05-31 | The Guardian
blog
external news
our news

New research: Australian banks 2ºC scorecard 2018

2018-05-31 | Melbourne | Market Forces
blog
external news
our news

Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

Despite 2017 being the costliest year on record for weather disasters, new report reveals that banks increased extreme fossil fuel financing last year, led by a more than doubling in lending to tar sands companies and pipelines.
2018-03-28 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

Commonwealth Bank says its lending for coal will continue to decline

2017-11-16 | The Guardian
blog
external news
our news

New report: Towards responsible and inclusive financing of the palm oil sector

2017-11-15 | Center for International Forestry Research (CIFOR), Profundo
blog
external news
our news

Abbot Point coal terminal: Westpac may not refinance Adani loan

2017-10-12 | The Guardian
blog
external news
our news

Shareholders move to force Commbank to manage climate risk

2017-08-28 | Market Forces
blog
external news
our news

Campaign group promises climate change resolution at Commonwealth Bank

Market Forces responds to beleaguered bank’s first climate statement
2017-08-14 | Responsible Investor
blog
external news
our news

Analysis: CommBank's 2017 Climate Policy Update

2017-08-14 | Market Forces
blog
external news
our news

CBA to face shareholder resolution on climate commitment

2017-08-14 | Environmental Finance
blog
external news
our news

Commonwealth Bank's first climate policy attacked by environmental groups

Market Forces says it will lodge shareholder resolution to force bank to implement stated commitment to Paris agreement
2017-08-14 | The Guardian
blog
external news
our news

Carmichael coalmine: Commonwealth Bank indicates it will not lend to Adani

2017-08-11 | The Guardian
blog
external news
our news

Analysis: Commonwealth Bank rejects shareholder legal case over climate change risks

Legal case is the latest development in a years-long process
2017-08-08 | Responsible Investor
blog
external news
our news

Shareholders lodge climate change case against Commonwealth Bank

2017-08-08 | Environmental Justice Australia
blog
external news
our news

Commonwealth Bank shareholders sue over 'inadequate' disclosure of climate change risks

2017-08-08 | The Guardian
blog
external news
our news

'Big four' Australian banks slammed for fossil fuel backing

2017-07-25 | Environmental Finance
blog
external news
our news

Public backlash highlights CommBank’s toxic fossil fuel problem

2017-06-23 | PR Wire
blog
external news
our news

Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing

- Oil traders Trafigura and Vitol received over $100 billion in loans since 2012
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
2017-05-23 | Nijmegen | BankTrack
blog
external news
our news

Banks' climate change talk not yet matched by action

2016-11-22 | The Sydney Morning Herald
blog
external news
our news

Financing of coal industry expansion by top banks undermining Paris Agreement

2016-11-14 | Marrakech, Morocco | BankTrack, Friends of the Earth France, Market Forces, Rainforest Action Network, urgewald
blog
external news
our news

New polling shows half of customers prepared to change banks over fossil fuels – as prominent Australians demand climate action

2016-09-15 | Melbourne | Market Forces
blog
external news
our news

New poll: Australians draw the line at badly behaving banks

Oxfam Australia release "Still Banking on Land Grabs"
2016-02-15 | Melbourne | Oxfam Australia
blog
external news
our news

No excuse: How Australia’s big four banks can better respond to land grabs

2015-08-07 | Oxfam Australia
blog
external news
our news

Commonwealth pulls out of Carmichael mega-mine

2015-08-06 | Market Forces
blog
external news
our news

Australian banks: New Report highlights gulf between renewable and fossil fuel financing

ANZ confirmed as Australia’s biggest fossil fuel lender
2015-06-18 | Melbourne | Market Forces
blog
external news
our news

Australian banks 'favour fossil fuel projects over renewables by $6 to $1'

2015-06-17 | The Guardian
blog
external news
our news

Commonwealth Bank under pressure to rule out Galilee coal support

2015-05-21 | Tree Alert
blog
external news
our news

Hundreds publicly close bank accounts over fossil fuel investments

2014-10-20 | Melboune | Market Forces
blog
external news
our news

Australian advocacy group sues Commonwealth Bank over climate change shareholder resolution

2014-10-14 | Responsible Investor
blog
external news
our news

Australian banks face more pressure over support for coal projects

2014-07-09 | The Sydney Morning Herald
blog
external news
our news

Adani arm to raise  $1.5 bn in overseas debt in 2014

2014-05-08 | India | Live Mint
blog
external news
our news

Big Four Australian banks lose customers over fossil fuel gamble

2014-05-03 | Melbourne | Market Forces
blog
external news
our news

Customers switch banks in day of divestment

2014-05-03 | The Age
blog
external news
our news

Bank accounts closed in fossil fuels protest

2014-05-02 | The Sydney Morning Herald
blog
external news
our news

Australian banks backing companies accused of land grabs

2014-04-28 | Sydney | Oxfam Australia
blog
external news
our news

Australian and French banks target of protests on both sides of the world for investing in Australian coal projects

2014-02-26 | Melbourne and Paris | Market Forces and Les Amis de la Terre
blog
external news
our news

Commonwealth Bank customers across Australia divest!

2013-11-05 | Adelaide | Market Forces
blog
external news
our news

Reality check for Aussie debt

2013-11-02 | IFR Asia
blog
external news
our news

Stranded assets, anyone? Testing times for the fossil fuel market

2013-10-17 | Renew Economy
blog
external news
our news

Adani Abbot Point Terminal Plans $1.2 Billion Debt Issue

2013-10-15 | The Wall Street Journal
blog
external news
our news

Sixty prominent Australians call on ‘big four’ banks to end fossil fuel investment

2013-06-28 | Melbourne | Market Forces
blog
external news
our news

ANZ biggest gambler on dirty coal and gas exports

2013-05-31 | Melbourne | Market Forces
blog
external news
our news

Report triggers campaign to prevent Australian fossil fuel investment

2013-05-02 | Brisbane | Market Forces
blog
external news
our news

Big banks 'no' to coal plant

2011-05-21 | The Age
blog
external news
our news

Banks being urged to lend 'green'

2010-10-02 | Sydney, Australia | The Syndey morning herald
blog
external news
our news

Banks under scrutiny over coal funding

2010-10-02 | Sydney, Australia | The Sydney morning herald
blog
external news
our news

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

World's major banks rule out financing Gunns' Pulp Mill

Advert in Financial Times warns banks to stay out
2009-04-29 | Tasmania, Australia | The Wilderness Society

Documents

Type:
Year:
our publications
2020-11-24 00:00:00

"Trust Us, We're Equator Banks": Part II

2020-11-24 00:00:00 | BankTrack
correspondence
2019-12-10 00:00:00

Letter from BankTrack to Commonwealth Bank on the bank's progress on its fossil fuel finance since COP24

2019-12-10 00:00:00 | BankTrack
csr policies
2019-11-14 00:00:00

Environmental and Social Framework

2019-11-14 00:00:00 | Commonwealth Bank
csr policies
2019-11-07 00:00:00

Reconciliation action plan

2019-11-07 00:00:00 | Commonwealth Bank
annual reports
2019-08-06 00:00:00

Annual Integrated Report 2019

2019-08-06 00:00:00 | Commonwealth bank of Australia
csr policies
2019-03-19 00:00:00

Supplier code of conduct

Date listed represents date as accessed on website
2019-03-19 00:00:00 | Commonwealth Bank
csr policies
2019-03-19 00:00:00

Group environment policy

Date listed represents date as accessed on website
2019-03-19 00:00:00 | Commonwealth Bank
csr policies
2019-03-19 00:00:00

ESG lending commitments

Date listed represents date as accessed on website
2019-03-19 00:00:00 | Commonwealth Bank
csr policies
2019-03-19 00:00:00

Anti-bribery and corruption policy

Date listed represents date as accessed on website
2019-03-19 00:00:00 | Commonwealth Bank
annual reports
2019-03-19 00:00:00

Annual integrated report 2018

2019-03-19 00:00:00 | Commonwealth Bank
other documents
2019-02-01 00:00:00

Final Report Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry-1

2019-02-01 00:00:00 | Royal Commission
other documents
2019-02-01 00:00:00

Final Report Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry-2

2019-02-01 00:00:00 | Royal Commission
other documents
2019-02-01 00:00:00

Final Report Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry-3

2019-02-01 00:00:00 | Royal Commission
csr policies
2018-12-31 00:00:00

Modern slavery and human trafficking statement

2018-12-31 00:00:00 | Commonwealth Bank
ngo documents
2018-11-26 00:00:00

Bankrolling the climate crisis

Aotearoa’s financial ties to the fossil fuel industry
2018-11-26 00:00:00 | 350.org New Zealand
correspondence
2018-10-16 00:00:00

Letter from BankTrack and 120 organisations to Commonwealth Bank on Demands FBNT campaign

2018-10-16 00:00:00 | BankTrack and 120 organisations
csr policies
2018-09-30 00:00:00

Code of conduct

2018-09-30 00:00:00 | Commonwealth Bank
ngo documents
2018-05-31 00:00:00

2° Scorecard - Are Australia's big four banks living up to their climate commitments?

2018-05-31 00:00:00 | Market Forces
csr policies
2018-04-24 00:00:00

Anti-money Laundering and Counter-terrorism Financing Disclosure Statement

2018-04-24 00:00:00 | Commonwealth Bank
bank documents
2017-10-30 00:00:00

Equator Principles III Reporting – FY17

2017-10-30 00:00:00 | Commonwealth Bank Australia
annual reports
2017-08-14 00:00:00

Annual report 2017

2017-08-14 00:00:00 | Commonwealth Bank
annual reports
2017-08-14 00:00:00

CSR report 2017

2017-08-14 00:00:00 | Commonwealth Bank
csr policies
2017-08-14 00:00:00

Climate Policy Position Statement

2017-08-14 00:00:00 | Commonwealth Bank
bank documents
2017-08-14 00:00:00

Assessed emissions report FY2016

2017-08-14 00:00:00 | Commonwealth Bank
ngo documents
2017-08-08 00:00:00

Concise Statement of climate change case against Commonwealth Bank

2017-08-08 00:00:00 | Environmental Justice Australia
bank documents
2017-08-08 00:00:00

CBA Response regarding reporting climate change risk

2017-08-08 00:00:00 | Commonwealth Bank
ngo documents
2016-11-07 00:00:00

Protecting the Leuser Ecosystem

A Shared Responsibility
2016-11-07 00:00:00 | Rainforest Action Network
annual reports
2016-07-07 00:00:00

Sustainability Report 2015

2016-07-07 00:00:00 | Commonwealth Bank
bank documents
2016-07-07 00:00:00

Environmental, Social & Governance (ESG) Lending Commitments

Implementation and Reporting
2016-07-07 00:00:00 | Commonwealth bank
our publications
2016-06-30 00:00:00

Banking with Principles? Second Edition June 2016

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2016-06-30 00:00:00 | BankTrack
annual reports
2016-05-23 00:00:00

Annual Report 2015

2016-05-23 00:00:00 | Commonwealth Bank
csr policies
2015-12-16 00:00:00

Our approach to tax

2015-12-16 00:00:00 | Commonwealth Bank
csr policies
2015-11-05 00:00:00

Human Rights Position Statement

2015-11-05 00:00:00 | Commonwealth Bank
annual reports
2015-04-22 00:00:00

Annual Report 2014

2015-04-22 00:00:00 | Commonwealth Bank
annual reports
2015-04-21 00:00:00

Sustainability Report 2014

2015-04-21 00:00:00 | Commonwealth Bank
csr policies
2015-04-11 00:00:00

Responsible Investing Framework

2015-04-11 00:00:00 | Commonwealth Bank
bank documents
2015-04-11 00:00:00

Assessed Carbon Emisions of the Group's Business Lending Portfolio

2015-04-11 00:00:00 | Commonwealth Bank
ngo documents
2015-02-16 00:00:00

Kuasa Taipan Kelapa sawit di Indonesia

in Bahasa Indonesia
2015-02-16 00:00:00 | TuK, Profundo
ngo documents
2015-02-16 00:00:00

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

2015-02-16 00:00:00 | TuK, Profundo
bank documents
2014-12-31 00:00:00

Group Energy Exposures and Assessed Carbon Emissions of Project Finance Energy Sector

2014-12-31 00:00:00 | Commonwealth Bank
ngo documents
2014-04-30 00:00:00

Banking on Shaky Ground

Australia's big four banks and land grabs
2014-04-30 00:00:00 | Oxfam
annual reports
2014-01-01 00:00:00

Sustainability Report 2013

2014-01-01 00:00:00
annual reports
2014-01-01 00:00:00

Annual Report 2013

2014-01-01 00:00:00
ngo documents
2013-10-20 00:00:00

INVESTOR BRIEFING:

Adani Abbot Point Terminal Debt Issue
2013-10-20 00:00:00 | Greenpeace
ngo documents
2013-05-02 00:00:00

Financing Reef Destruction

How banks are using our money to destroy a natural icon
2013-05-02 00:00:00 | Market Forces
annual reports
2012-10-23 00:00:00

Sustainability Report 2012

Commonwealth Bank's commitment to sustainability
2012-10-23 00:00:00 | CAN
annual reports
2012-08-15 00:00:00

Annual Report 2012

2012-08-15 00:00:00 | Commonwealth Bank
ngo documents
2010-09-07 00:00:00

Australian banks financing coal and renewable energy

2010-09-07 00:00:00 | Profundo for Greenpeace Australia Pacific
our publications
2010-04-27 00:00:00

Close the Gap

Benchmarking investment policies of international banks
2010-04-27 00:00:00 | BankTrack
bank documents
2010-03-09 00:00:00

Reconciliation action plan 2009-2010

2010-03-09 00:00:00 | Commonwealth Bank
csr policies
2008-01-09 00:00:00

Climate change position statement

2008-01-09 00:00:00 | Colonial First State Global Asset Management

Media






Links

Market Forces interactive map of coal and gas exports projects in Australia

http://www.marketforces.org.au/banks/map/

Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry

https://financialservices.royalcommission.gov.au/Pages/default.aspx

Policies

Voluntary initiatives

Commonwealth Bank has committed itself to the following voluntary standards:
  • Carbon Disclosure Project
  • Dow Jones Sustainability Indices
  • Equator Principles
  • Global Reporting Initiative
  • Principles for Responsible Banking (PRB)
  • Principles for Responsible Investment (PRI)
  • Task Force on Climate-related Financial Disclosures
  • UNEP Finance Initiative
  • United Nations Global Compact

Investment policies

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.

Year:
csr policies
2019-11-14 00:00:00

Environmental and Social Framework

2019-11-14 00:00:00 | Commonwealth Bank
csr policies
2019-11-07 00:00:00

Reconciliation action plan

2019-11-07 00:00:00 | Commonwealth Bank
csr policies
2019-03-19 00:00:00

Supplier code of conduct

Date listed represents date as accessed on website
2019-03-19 00:00:00 | Commonwealth Bank
csr policies
2019-03-19 00:00:00

Group environment policy

Date listed represents date as accessed on website
2019-03-19 00:00:00 | Commonwealth Bank
csr policies
2019-03-19 00:00:00

ESG lending commitments

Date listed represents date as accessed on website
2019-03-19 00:00:00 | Commonwealth Bank
csr policies
2019-03-19 00:00:00

Anti-bribery and corruption policy

Date listed represents date as accessed on website
2019-03-19 00:00:00 | Commonwealth Bank
csr policies
2018-12-31 00:00:00

Modern slavery and human trafficking statement

2018-12-31 00:00:00 | Commonwealth Bank
csr policies
2018-09-30 00:00:00

Code of conduct

2018-09-30 00:00:00 | Commonwealth Bank
csr policies
2018-04-24 00:00:00

Anti-money Laundering and Counter-terrorism Financing Disclosure Statement

2018-04-24 00:00:00 | Commonwealth Bank
csr policies
2017-08-14 00:00:00

Climate Policy Position Statement

2017-08-14 00:00:00 | Commonwealth Bank
csr policies
2015-12-16 00:00:00

Our approach to tax

2015-12-16 00:00:00 | Commonwealth Bank
csr policies
2015-11-05 00:00:00

Human Rights Position Statement

2015-11-05 00:00:00 | Commonwealth Bank
csr policies
2015-04-11 00:00:00

Responsible Investing Framework

2015-04-11 00:00:00 | Commonwealth Bank
csr policies
2008-01-09 00:00:00

Climate change position statement

2008-01-09 00:00:00 | Colonial First State Global Asset Management

Equator Principles

Implementation and reporting

Commonwealth Bank is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

on record

Liquified Natural Gas (LNG) project Papua New Guinea

Oil and Gas Extraction

Good moves

Year:

2019

Commonwealth Bank of Australia out of thermal coal by 2030

In today’s commitment, made in the bank’s new Environmental and Social Framework, to exit thermal coal by 2030, Commonwealth Bank has issued a stark warning to industry and policy-makers that coal has no place in Australia’s future. Commonwealth Bank’s announcement follows recent commitments…

2017

Commonwealth Bank indicates it will not lend to Adani's Carmichael coalmine

After extensive pressure from Market Forces and other allies, a CommBank spokesperson was quoted in August as saying “We have been asked about our role in funding the Adani Carmichael mine. Whilst in general we do not comment on specific clients, we can confirm that we are not amongst the banks who have…

2015

Standard Chartered and CommBank pull out of massive Carmichael coal mine

In August, two banks ended their involvement in Adani's massive proposed Carmichael coal mine project in Australia. The project, which has been championed by Prime Minister Tony Abbott, faces an uncertain future due to legal challenges as well as its problems in attracting finance. Australia's Commonwealth Bank ended…
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