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2022-06-02 00:00:00
GFANZ must tighten the screw on fossil fuel expansion
2022-05-19 00:00:00
BNP Paribas and Société Générale: stop financing climate destruction and human rights abuses
2022-05-04 00:00:00
Barclays is big on beef and burning
2022-05-04 00:00:00
Standard Chartered’s 2022 AGM dominated by shareholder alarm over fossil financing
2022-05-20 15:14:47
Seven financiers abandon TotalEnergies' EACOP pipeline in a week
2021-12-16 13:33:02
Cambo oil field "paused" following pressure on Shell & banks
2021-12-16 13:04:42
Equator Principles improve transparency after BankTrack shows the way
2021-11-02 11:03:26
ANZ launches human rights grievance mechanism in a first for the global banking sector
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2022-04-05 00:00:00
The BankTrack Human Rights Benchmark Asia
2022-03-30 00:00:00
Banking on Climate Chaos 2022
2022-03-08 00:00:00
BankTrack Annual Report 2021
2022-03-03 00:00:00
Locked out of a Just Transition: fossil fuel financing in Africa
2021-12-14 00:00:00
Actions speak louder: Assessing bank responses to human rights violations
2021-10-26 00:00:00
Equator Compliant Climate Destruction: How banks finance fossil fuels under the Equator Principles
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Last update: 2022-03-24 14:53:37

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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 report Annual report 2021
Ownership
listed on Australian Securities Exchange

Commonwealth Bank's shareholder structure can be accessed here.

Complaints and grievances

Commonwealth Bank does not operate a complaints channel for individuals and communities that may be adversely affected by its finance. However, it is possible to contact the bank via corporateresponsibility@cba.com.au and speakup@speakuphotline.com.au.

Stakeholders may raise complaints via the OECD National Contact Points (see OECD Watch guidance).

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.

Dodgy Deals map

All
|
Projects
|
Companies
Targets
|
Active profiles
|
On record profiles

Policy Assessments

Tracking the Equator Principles

EPFIs reporting status

BankLast update
Country
Reporting period
PF deals under EP
Project names reported
% Project names reported
Details
Commonwealth Bank of Australia
2021-03-04
AUS
2020
3
3
100
1.01000000004E+38
0
Australia
Profile
Reporting period
2020
PF deals under EP
3
Project names reported
3
% Project names reported
100
20210304
Last update: 2021-03-04
Explanation

EP reporting page: https://equator-principles.com/reporting-commonwealth-bank-of-australia-2019-2020/

Explanation

Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period. 

For more details see this page.

Banks and Climate

Bank net zero commitments

BankLast update
Country
Target 2025
Target 2030
Net zero 2050
SBT
NZBA
CCCA
Details
Commonwealth Bank of Australia
2021-03-24
AUS
91000
Australia
Profile
Target 2025
18
Target 2030
Net zero 2050
SBT
NZBA
CCCA
20210324
Last update: 2021-03-24
Explanation

Goal 2025/2030: Pledged to publish interim commitments

Goal 2050: Net zero by 2050 (business lending), also commitment under NZBA.

CBA signed up to the NZBA on 9 February 2022.

References
2020-12-31

Commonwealth Bank of Australia Annual Report 2020

2020-12-31 | Commonwealth Bank of Australia
2022-2-9

Commonwealth Bank signs up to the Net-Zero Banking Alliance

2022-2-9 | Commonwealth Bank
Explanation

This table tracks the net zero pledges and commitments of banks. It shows whether banks have committed to net zero by 2050 and have set an interim emissions reduction goal for 2025 and/or 2030. It also notes banks that have not yet set targets but have pledged to do so in the future, including by joining the Collective Commitment to Climate Action or Net Zero Banking Alliance. Finally, it notes whether banks have (pledged to) set Science-Based Targets. More information and references can be found by expanding the 'details' section of each bank.

  • A blue check mark means the bank has set a target or joined the alliance. A check mark does not mean that the target set by the bank meets any particular standard, just that is has set a target. In case we have identified short comings in the target, for example when it only applies to lending and not underwriting), this is noted in the 'details' section.
  • An orange dash means a bank has pledged to set a target (for example, banks commit to set 2030 and 2050 targets when they join the NZBA), but have not yet actually done so.

Abbreviations:

CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets

For more details see this page.

Banks and Human Rights

Human Rights Benchmark November 2019

BankLast update
Country
Score
Ranking
Details
Commonwealth Bank
AUS
5
Follower

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0
Australia
Score
Follower
5
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

Explanation
Laggard
Follower
Front runner
Leader
0 - 3.5 points
4 - 5.5 points
6 - 8.5 points
9 - 14 points
For more details see this page.

Response Tracking

This page evaluates Commonwealth Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
Banks and Dirty Diesel: Vitol and Trafigura (May 2017)
0
0
0
0
Dodgy Deal profile
Responded?
Total score
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank publicly responded citing client confidentiality.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
0
Out of 1
Rationale for score
No information available on whether the bank monitored progress.
More info
BankTrack Human Rights Briefing, May 2017

Rio Tinto's Jadar mine, Serbia (Letter, Dec 2021)
0
0
0
n/a
Dodgy Deal profile
Responded?
Total score
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond in writing, but agreed to a meeting, in which it did not confirm its relationship with the business.
Action
0
Out of 1
Rationale for score
No information available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
Letter to financiers of Rio Tinto, December 2021


Average
100%
0
0
0
0

News

| |
Type:
Year:
blog
external news
our news

New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
blog
external news
our news

Banks failing to address severe human rights impacts transparently, finds BankTrack research

Findings reinforce the need for regulators to ensure access to effective remedy for people affected by bank finance
2021-12-14 | Nijmegen | BankTrack
blog
external news
our news

Australian court opens CBA records to answer greenwashing concerns

2021-11-11 | Reuters
blog
external news
our news

Meet the banks funding the owners of the Cambo oil field

New research shines a spotlight on the banks backing Shell and Siccar Point Energy
2021-10-29 | #StopCambo
blog
external news
our news

Equator Banks involved in financing at least 200 fossil fuel projects since Paris

BankTrack research sheds new light on finance for fossil fuels by Equator banks
2021-10-26 | BankTrack
blog
external news
our news

Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

210+ groups support urgent call to action
2021-09-23 | BankTrack
blog
external news
our news

Australia's Commonwealth Bank taken to court over oil and gas financing policies

2021-09-02 | Reuters
blog
external news
our news

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
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
2022-03-30 00:00:00

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald
annual reports
2022-03-14 00:00:00

Annual report 2021

2022-03-14 00:00:00 | Commonwealth Bank
bank documents
2022-02-09 00:00:00

Commonwealth Bank signs up to the Net-Zero Banking Alliance

CBA has joined more than 100 global banks as part of the Net-Zero Banking Alliance, (NZBA) underpinning its commitment to support the responsible global transition to net zero emissions by 2050.
2022-02-09 00:00:00 | Commonwealth Bank
our publications
2021-12-14 00:00:00

Actions speak louder: Assessing bank responses to human rights violations

2021-12-14 00:00:00 | BankTrack
correspondence
2021-12-12 00:00:00

Letter from BankTrack to Commonwealth Bank of Australia on lithium mining in Serbia’s Jadar Valley

2021-12-12 00:00:00 | BankTrack
csr policies
2021-08-10 00:00:00

Environmental & social framework

2021-08-10 00:00:00 | Commonwealth Bank
our publications
2021-03-24 00:00:00

Banking on Climate Chaos 2021

Fossil Fuel Finance Report
2021-03-24 00:00:00 | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club
annual reports
2021-02-02 00:00:00

Annual integrated report 2020

2021-02-02 00:00:00 | Commonwealth Bank
our publications
2020-11-24 00:00:00

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

2020-11-24 00:00:00 | BankTrack
csr policies
2020-08-11 00:00:00

Approach to climate change

2020-08-11 00:00:00 | Commonwealth Bank
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
2019-11-07 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

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
csr policies
2019-03-19 00:00:00

Group environment policy

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

Supplier code of conduct

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

ESG lending commitments

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

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

Links

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

https://www.royalcommission.gov.au/royal-commission-misconduct-banking-superannuation-and-financial-services-industry

Market Forces' campaign on Australian banks

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

Policies

Voluntary standards

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
2021-08-10 00:00:00

Environmental & social framework

2021-08-10 00:00:00 | Commonwealth Bank
csr policies
2020-08-11 00:00:00

Approach to climate change

2020-08-11 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

Anti-bribery and corruption 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

Group environment policy

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

Supplier code of conduct

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

ESG lending commitments

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

Equator Principles

Implementation and reporting

Commonwealth Bank is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

on record

Hazelwood coal power plant Australia

Coal Electric Power Generation
on record

Liquified Natural Gas (LNG) project Papua New Guinea

LNG Terminal

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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