Commonwealth Bank of Australia has taken another step forward on its journey to carbon neutrality, partnering with the Aboriginal Carbon Foundation.
To help offset all of its non-electricity emissions, including making allowances for employees who are working remotely, Commonwealth Bank has purchased carbon credits from the Aboriginal Carbon Foundation (AbCF) – the only Indigenous company in Australia to provide third-party verified Indigenous carbon credits.
AbCF is a not-for-profit organisation that enables environmental, social and cultural wealth for Aboriginal and Torres Strait Islander peoples, through the ethical trade of Australian carbon credit units (ACCU).
The Bank’s partnership with AbCF will directly support the Kowanyama Carbon Project in Queensland, where the cultural practice of mosaic fire practice takes place early in the dry season – when the weather is cooler and the fuel load smaller – so that less country is burned and greenhouse gas emissions are reduced.
AbCF Chief Executive Officer, Rowan Foley, said the company’s partnership with Commonwealth Bank will help support the employment of local Indigenous rangers as well as the continuation of cultural fire management practice. This practice combines western science with indigenous science and new technology such as the North Australian Fire Index, resulting in efficient burning.