Commonwealth Bank Sustainability Reporting 2016

Sustainably

Improving the environmental efficiency of our operations

We recognise our role in addressing the challenge of climate change, including improving the environmental efficiency of our operations.

This section of our Report covers our approach to improving the environmental efficiency of our operations (see Transparently and Influence for Good for additional commentary on how we’re addressing climate change).

In the 2016 financial year we adopted a new five year Sustainable Property Strategy across our property portfolio that goes beyond energy, waste and water. Throughout 2015 we reviewed our past performance and developed a new aspirational property sustainability strategy, using the One Living Planet framework to guide our approach.

Our new strategy broadens our program, which was primarily focused on carbon emissions reduction, to also include waste, water, transport, food, culture and health measures and targets. Yearly targets have been set across seven areas, with 2020 aspirational targets set out for us to work towards.

  • Image of wind turbines representing a commitment to reducing carbon emissions as part of Commonwealth Bank's new five year Sustainable Property Strategy

    Energy & Climate

    Reduce scope 1 and 2 carbon emissions (domestic operational control) to 2.0t CO₂ / FTE

  • Image of recycling symbol representing a commitment to increasing waste recycling as part of Commonwealth Bank's new five year Sustainable Property Strategy

    Waste

    Increase waste recycling rate from commercial office spaces to 90%

  • Image of a rain representing a commitment to reducing water consumption as part of Commonwealth Bank's new five year Sustainable Property Strategy

    Water

    Reduce water consumption across retail and commercial spaces to best practice (target to be set during FY17)

  • Image of a bike representing a commitment to increasing end of trip facilities as part of Commonwealth Bank's new five year Sustainable Property Strategy

    Transport

    End of trip facilities at commercial office spaces
    • 5 bicycle parking / 100 FTE
    • 10 lockers / 100 FTE
    • 1 shower / 100 FTE

  • Image of a bag of groceries representing a commitment to sustainable procurement as part of Commonwealth Bank's new five year Sustainable Property Strategy

    Food

    Procure tea, coffee and sugar from certified local, organic and fair trade sources (target to be set during FY17)

  • Image of two people, one woman wearing a mortarboard and one man wearing a hard hat, representing a commitment to NABERS ratings as part of Commonwealth Bank's new five year Sustainable Property Strategy

    Culture

    NABERS rating of commercial office spaces, 100% of NLA

  • Image of a sat representing a commitment to Green Star ratings as part of Commonwealth Bank's new five year Sustainable Property Strategy

    Green star rated

    • Green Star rating of commercial office space, 80% of NLA
    •Green Star rating of retail spaces, 100% of new retail spaces built to 5 Star

  • Image of hands holding a heart representing a commitment to improving indoor environmental quality as part of Commonwealth Bank's new five year Sustainable Property Strategy

    Health

    NABERS Indoor Environmental Quality (IEQ) rating of commercial office spaces, 80% of NLA rated at 4.5 Stars or above

Our results for 2016 can be seen in our Environmental data page.

Image of buildings representing Commonwealth Bank's new five year Sustainable Property Strategy

New five year Sustainable Property Strategy

Image of buildings representing Commonwealth Bank's new five year Sustainable Property Strategy

First bank to achieve Green Star accredited design for branches

In the 2016 financial year we became the first Australian bank to launch an onsite renewables program for our retail branch network, which resulted in the installation of more than 200kW of solar panels at seventeen locations across Australia.

Our commitment to generating our own electricity at our retail branches is set to grow, with a target of 30 branches by July 2017. The impact in terms of the environmental benefits and financial savings from retail operations is significant, with some sites producing up to 40% in energy savings and 60% in cost savings.

We welcome our employees, customers and the wider community to be engaged in our solar program through our real time public portal. This site displays data on how our network of solar branches across Australia is performing.

Image of solar panels on roof of Commonwealth Bank of Australia branch in QLD

In May 2016 we officially opened our upgraded Data Centre at Burwood, NSW. The modernisation of the 19,000 square metre live data centre began in 2012 and included the creation of two new data halls. Our effective and thoughtful ongoing investment in technology, operations and productivity means we've made a step change to ensure that our customers' future needs and expectations are met.

Image of Commonwealth Bank data centre at Burwood, NSW

In November 2015 we announced we will become the anchor tenant at Australian Technology Park (ATP), following a successful bid by a Mirvac Group-led consortium to acquire and redevelop the site. Planned for completion in 2020, we will lease 93,000 square metres of office space across two state-of-the-art buildings on a 15 year term.

ATP will be designed to achieve 5 Star NABERS Energy and 6 Star Green Star (V3) As Built ratings, to maximise energy and water efficiency, and to create a healthier working environment. In addition to the campus style and activity based working space, the redeveloped ATP precinct at Eveleigh in Sydney NSW will feature world-class amenities including sporting facilities, open spaces, specialty retail, child care amenities and a gymnasium plus quality cafés, bars and restaurants that will create a bustling village hub for our people and the local community.

We will also partner with Mirvac and Centuria to establish a Tech Incubation Fund to further enable and encourage the use of the Australian Technology Park precinct as a technology and innovation hub.

"Moving to the transformed Australian Technology Park will put 10,000 of our people in the heart of a growing technology hub, providing us with a significant opportunity to partner and collaborate with universities, start-ups and other innovative companies." David Craig, Commonwealth Bank Chief Financial Officer