Towards net zero

As Australia’s largest bank, CBA aims to play a leadership role in Australia’s transition to net-zero by 2050.

Achieving the national goal calls for a purposeful, coordinated and inclusive response, which brings challenges as well as immense opportunity. CBA is optimistic about the future given Australia’s unique position with abundant renewable energy resources, capital and skills to support the transition.

As well as taking action on our part, which you can read about in our climate report, we are heartened and encouraged by the individual and collective steps being taking by our customers and clients, large and small, towards net-zero 2050. These are some of their stories.

Hallett Group aims to innovate and decarbonise Australia’s cement and concrete industry

“The world cannot decarbonise without cement and concrete. Every wind farm, solar farm, battery and hydro plant is built on foundations made of concrete. But, almost 8 per cent of the world’s carbon emissions comes from cement,” says Hallett Group CEO, Kane Salisbury.

In this video, Kane explains how Hallett Group is repurposing industrial waste by-products to produce green cement and the investment it’s making to develop its onshore manufacturing capabilities.”

Learn more about CommBank’s work with Hallett.

Hallett Group aims to innovate and decarbonise Australia’s cement and concrete industry

“The world cannot decarbonise without cement and concrete. Every wind farm, solar farm, battery and hydro plant is built on foundations made of concrete. But, almost 8 per cent of the world’s carbon emissions comes from cement,” says Hallett Group CEO, Kane Salisbury.

In this video, Kane explains how Hallett Group is repurposing industrial waste by-products to produce green cement and the investment it’s making to develop its onshore manufacturing capabilities.”

Learn more about CommBank’s work with Hallett.

Team Global Express: The future of green freight

Team Global Express wants to be known as "the most sustainable logistics company in Australia", according to CEO Christine Holgate — who acknowledges this is a challenging ambition in a country the size of Australia, without existing electrical or hydrogen-charging infrastructure for vehicles.

In this video, she talks to CommBank's Deborah Leerhsen about the long road to achieving net zero, and what Team Global Express has already started doing. "If you don't take that first step, how are you going to get to the top of the mountain?" Ms Holgate says.

Team Global Express: The future of green freight

Team Global Express wants to be known as "the most sustainable logistics company in Australia", according to CEO Christine Holgate — who acknowledges this is a challenging ambition in a country the size of Australia, without existing electrical or hydrogen-charging infrastructure for vehicles.

In this video, she talks to CommBank's Deborah Leerhsen about the long road to achieving net zero, and what Team Global Express has already started doing. "If you don't take that first step, how are you going to get to the top of the mountain?" Ms Holgate says.

Amber: The lucky country

"Power from wind and solar is by far the cheapest way to generate power we've ever had in our lifetimes, as well as being zero carbon," says Chris Thompson, co-founder and co-CEO of Amber. As Australia moves towards an energy grid powered by renewables, the way Australians pay for electricity is also changing.

In this video, Chris explains how Australian households are uniquely placed to take advantage of renewable power — and how Amber customers can shift their energy usage to times of the day when renewables are abundant to save money.

Learn more about Amber

Amber: The lucky country

"Power from wind and solar is by far the cheapest way to generate power we've ever had in our lifetimes, as well as being zero carbon," says Chris Thompson, co-founder and co-CEO of Amber. As Australia moves towards an energy grid powered by renewables, the way Australians pay for electricity is also changing.

In this video, Chris explains how Australian households are uniquely placed to take advantage of renewable power — and how Amber customers can shift their energy usage to times of the day when renewables are abundant to save money.

Learn more about Amber

Edify Energy: Greening the grid

How will greening the grid affect electricity prices for Australian households? What role will batteries and hydrogen play? John Cole, CEO and founder of Edify Energy, talks about the future of Australia’s energy with CommBank’s Executive Director of Natural Resources and Energy, Neil Fraser.

“We've got abundant resources, we can electrify ourselves and the industry. We don't need to import energy. We can be a net energy exporter to countries that need their clean energy imported," says Mr Cole.

Learn more about CommBank’s work with Edify.

Edify Energy: Greening the grid

How will greening the grid affect electricity prices for Australian households? What role will batteries and hydrogen play? John Cole, CEO and founder of Edify Energy, talks about the future of Australia’s energy with CommBank’s Executive Director of Natural Resources and Energy, Neil Fraser.

“We've got abundant resources, we can electrify ourselves and the industry. We don't need to import energy. We can be a net energy exporter to countries that need their clean energy imported," says Mr Cole.

Learn more about CommBank’s work with Edify.

Newcastle Airport: Take-off to sustainability

The journey to sustainability is about taking small steps that, over time, reach a big goal. That’s according to Dr Peter Cock, the CEO of Newcastle Airport – which recently reached “Level 4 – Transformation status” in the Airport Carbon Accreditation Program, overseen by the international trade association Airports Council International.

In this video, Dr Cock outlines the many steps the airport is taking to reduce its environmental footprint, and how the aviation industry will adapt to the changes ahead. “It’s a journey we just have to start on – we might not know where the end is, but the important bit is starting to work on it,” he says.

Learn more about CommBank’s work with Newcastle Airport.

Newcastle Airport: Take-off to sustainability

The journey to sustainability is about taking small steps that, over time, reach a big goal. That’s according to Dr Peter Cock, the CEO of Newcastle Airport – which recently reached “Level 4 – Transformation status” in the Airport Carbon Accreditation Program, overseen by the international trade association Airports Council International.

In this video, Dr Cock outlines the many steps the airport is taking to reduce its environmental footprint, and how the aviation industry will adapt to the changes ahead. “It’s a journey we just have to start on – we might not know where the end is, but the important bit is starting to work on it,” he says.

Learn more about CommBank’s work with Newcastle Airport.

Our climate report

  • Commonwealth Bank of Australia has released its Climate Report which outlines our position and approach to climate change, as well as our progress and commitments.

    View report

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Climate and sustainability news

Agribusiness

CBA helps farmers to measure emissions and model abatement options

CBA and leading emissions platform Ruminati have announced a pilot that allows CommBank's agri customers to baseline and model different options to...
15 February 2024
Sustainability

GoZero Group kickstarts GreenSchools1000 initiative with $80m CBA facility

GoZero is leading the transition to electric buses servicing schools, with plans for rapid expansion of its electric bus charter services in 2024.
8 February 2024
Climate

New CSIRO research on pathways to net-zero emissions in Australia

Funded by CommBank, new scientific research to help inform the transition to a net zero economy.
1 December 2023
Home loans

Research shows 7 in 10 Australians believe energy efficiency a way to increase property value

New research indicates majority of homeowners plan to install clean energy products.
6 November 2023
Customers

CommBank offers interest-free finance for solar and battery systems

Solar and battery provider UPowr first to offer CommBank’s new product InstalPay
31 October 2023
Sustainability

Climate tech poised for boom as Aussie businesses take action

Three out of five Aussie businesses already taking sustainability action, with climate tech set play a critical role.
16 October 2023
Sustainability

Hallett aims to decarbonise cement, with sustainable finance support from CBA

Hallett is the largest supplier of building and construction materials in South Australia and its $51 million Green Loan, supported by CBA, will ad...
25 September 2023
Sustainability

Updated Environmental and Social Framework

Environmental and social issues are evolving rapidly as science, community expectations and stakeholder perspectives continue to change. Our Group ...
9 August 2023
Sustainability

CommBank’s new Green Buildings Tool to help commercial building owners advance sustainability efforts

CommBank is the first Australian bank to offer an interactive digital tool to help commercial property customers identify building sustainability i...
31 July 2023
Sustainability

CBA supports innovation in soil carbon sequestration

CBA prepays for carbon credits in strategic alliance with RLF AgTech.
27 July 2023
Sustainability

Macquarie University’s sustainability-linked loan to benefit disadvantaged students, with CBA support

Margin adjustments from the University’s inaugural sustainability-linked loan will be reinvested in scholarships for disadvantaged students.
19 July 2023
Sustainability

CBA invests in global climate specialist Wollemi Capital

The bank joins Wollemi's Series A capital raising as major strategic investor.
10 July 2023
Sustainability

CBA supports Downer’s Queensland Train Manufacturing Program with its first Green Bank Guarantee Facility

Downer taps into CBA’s sustainable finance expertise to enable the delivery of a critical infrastructure asset that will support the future low-car...
30 June 2023
Sustainability

CBA partners with Greening Australia to expand native seed production for land restoration & carbon sequestration projects

Investment in Nindethana, Greening Australia’s native seed supply subsidiary, will support Australia’s ambition to be a global provider of carbon a...
30 May 2023
Agribusiness

CBA supports Macka’s Pastoral in achieving its carbon neutrality goals

CBA has a long relationship proudly supporting NSW family beef producer Macka’s Pastoral, as they take landmark strides towards sustainability.
29 May 2023
Business

CBA launches small business Sustainability Action Tool

CBA is the first Australian bank to offer a sustainability action tool to help small business customers improve environmental outcomes while enhanc...
22 May 2023
Home loans

CBA expands green financing to enhance energy efficiency and sustainability

Commonwealth Bank is expanding its green financing offering for customers
20 April 2023
Business

CBA launches green vehicle and equipment finance

Discounted asset financing to support the sustainability goals of businesses through investment in green vehicles, equipment and machinery.
17 April 2023
Sustainability

Morrison & Co continues sustainable finance journey with CBA support

Morrison & Co returns to sustainable finance market to finance four New Zealand Schools
5 April 2023
Agribusiness

Agri Green Loan enquiries on the up

CBA’s agri sustainable finance solution is giving farmers more opportunities to advance their environmental improvement goals while enhancing farm ...
24 March 2023
Home loans

CBA and Clean Energy Finance Corporation work together to help home buyers

As part of its Green Home Offer, Commonwealth Bank is working with the Clean Energy Finance Corporation to provide savings to eligible home owners.
6 March 2023
Agribusiness

Investing in innovation and sustainability is key for family-run South Australian business SA Mushrooms

Agrifood innovation is driving success for family-run South Australian business SA Mushrooms.
21 February 2023
Sustainability

Encouraging sustainable agriculture through trade finance with Viterra

CBA supports Viterra to expand and renew its Sustainability-Linked inventory financing.
17 February 2023
Next Chapter

How we helped one women’s shelter become more sustainable

Commonwealth Bank partnered with Sydney Solar and Batteries and AWISE to help fund the installation of solar and battery at a Sydney women’s shelter.
30 November 2022
Sustainability

Financing one of Australia’s largest wind farms

TagEnergy will soon begin construction of Victoria’s largest wind farm, with financing support from CBA.
30 November 2022
Agribusiness

Agribusinesses break new ground in sustainability on National Ag Day

Agribusinesses break new ground in sustainability on National Ag Day
18 November 2022
Agribusiness

CBA prepays for carbon credits in a landmark deal for Australia’s agri sector

CBA prepays for carbon credits in a landmark deal for Australia’s agri sector
18 November 2022
Sustainability

CBA builds new Commodities, Trade and Carbon business with senior appointments

CTC focused on developing specialised services for clients including carbon markets infrastructure and abatement opportunities.
1 November 2022
Sustainability

10 takeaways from Momentum: Accelerating Australia’s Transition

CBA Newsroom shares the top insights from CommBank’s second sustainability conference.
31 October 2022
Sustainability

CBA brings together business and science leaders to advance Australia’s low carbon transition

The bank’s second sustainability conference spotlights how major Australian businesses and investment groups are navigating the path to a net zero ...
31 October 2022
Sustainability

Rock star scientist on the meaning of life on Earth, the universe and everything

We may only be a tiny speck in space but all of humanity has a duty to protect civilisation on our planet, particle physics professor and TV presen...
31 October 2022
Community

CBA and Thread Together team up to support flood-affected communities

Commonwealth Bank is partnering with Thread Together to bring emergency clothing hubs and mobile wardrobes to communities affected by the recent ea...
27 October 2022
Sustainability

CBA hosts sustainability conference to help advance Australia’s transition

The event, Momentum: Accelerating Australia’s Transition, brings together business and science leaders to share insights and ideas to support the m...
27 October 2022
Agribusiness

New estimates for commercial production of methane-reducing seaweed for livestock

Commercial production of methane-reducing seaweed could help livestock farmers reduce carbon emissions while boosting productivity, new research by...
30 September 2022
Business

Supporting Aurecon to achieve greater sustainability

CBA plays leading role in Aurecon’s entrance to sustainable finance market.
14 September 2022
Sustainability

Australia’s first sustainability-linked loan for the manufacturing sector

Pact Group’s SLL, arranged by CBA, aims to foster growth of Australia’s circular economy by incentivising recycling, emissions reduction, and gende...
12 September 2022
Sustainability

New funding structure targets biodiversity protection at Cairns Airport in partnership with Dawul Wuru Aboriginal Corporation

Biodiversity target focused on species conservation believed to be a first for the Australian sustainable finance market.
6 September 2022
Agribusiness

CommBank launches Agri Green Loan

Innovative Agri Green Loan launches nationally, supporting producers’ environmental and climate goals.
16 August 2022
Economy

Climate Active certification will drive increased use of ACCUs by Australian businesses

CBA report expects Climate Active certifications will increase significantly as more companies implement net zero carbon emissions targets
15 August 2022
Sustainability

CBA customers take steps to reduce carbon footprint

CBA’s retail customers are taking advantage of the bank’s Green Home offer and an emissions tracking tool to limit their environmental impact, writ...
10 August 2022
Sustainability

CBA tracking well to meet its 2030 sustainability funding target

Over the past financial year, Commonwealth Bank has broken new ground in helping to support the transition ambitions of its customers, particularly...
10 August 2022
CommBank app

CommBank customers set to view their personalised carbon footprint

By early August, CommBank customers will be able to view their carbon footprint based on their personal spending data within the CommBank app.
26 July 2022
Business

CBA launches international currency ESG Term Deposits as inflows top A$1.5 billion

Focus on sustainable finance product innovation also sees CommBank launch its first sustainability-linked derivative with client Treasury Wine Esta...
18 July 2022
Business

CBA economists predict stronger, better climate disclosure from Australian companies will drive more sustainability initiatives

Global demand for increased transparency on climate issues and improved emissions accounting methods will open the door to supply-chain collaborati...
12 May 2022
Commversation

CBA Quick Take: A new frontier in sustainable finance

What does the Reliance Rail GSLL mean for Australia’s sustainable finance market?
12 April 2022
Business

CBA supports KKR’s investment in Ritchies Transport

Enhanced capabilities sees CommBank active in Australasian private equity transactions.
8 April 2022
Business

Recipient of the CBA John Monash Scholarship focussed on Australia’s transition

The 2022 CBA John Monash Scholarship recipient, Timothy Rownes, has shared how his scholarship will allow him to support Australia’s net zero carbo...
5 April 2022
Sustainability

CBA supports Endeavour Energy with landmark $920 Million Sustainability-Linked Loan

The NSW electricity distribution network is the first in Australia to access sustainability linked financing.
29 March 2022
Sustainability

CBA becomes first Australian bank to achieve International Sustainability and Carbon Certification

As the only Australian bank to trade physical grain in the domestic market, ISCC certification will help CBA support ISCC commodities such as wheat...
15 March 2022
Business

CBA supports Reliance Rail with Green Sustainability-Linked Loan

The $1.8 billion dual-label loan denotes funding that supports Green assets, whilst linking funding costs to the achievement of sustainability perf...
1 March 2022
Sustainability

CBA supports Morrison & Co with first Sustainability Loan for school facilities in New Zealand

The five New Zealand schools deliver better environmental and social outcomes for their communities.
28 February 2022
Sustainability

CBA and Viterra partner on Australia’s first sustainability-linked, syndicated inventory financing

The transaction commits Viterra to ensure the sustainability of products it purchases in Australia, as well as imports.
16 February 2022
Sustainability

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 g...
9 February 2022
Sustainability

Majority of Aussies keen to live more sustainably

More than 70 per cent of Aussies wish to lead an environmentally friendly life, while 55 per cent acknowledge renewable energy sources are critical...
23 December 2021
Sustainability

IFM invests in newly launched CBA ESG Term Deposit

The innovative ESG-labelled investment product is an Australian-first and provides an additional source of funding to support Australia’s transition.
13 December 2021
Sustainability

CBA and Northern Trust execute first certified Green Repurchase Agreement

CBI certified agreement supports more sustainable future; diversifies green project funding.
13 December 2021
Business

CBA executes ISPT’s carbon offset trade

CBA’s first surrender of Australian Carbon Credit Units on behalf of a client puts ISPT on track to be carbon positive by 2025.
8 December 2021
Community

Creating sustainable outcomes for the environment and Indigenous communities

Commonwealth Bank has extended its partnership with the Aboriginal Carbon Foundation.
6 December 2021
Sustainability

CSIRO, CBA to boost sector resilience with new climate change insights

Australia’s national science agency, CSIRO, and CBA have launched a joint public-private sector initiative that will examine the potential impacts ...
1 November 2021
Sustainability

CBA launches inaugural sustainability conference, Financing Australia’s Transition

The virtual one-day event welcomed more than 1,300 registrants from the business, government and investor communities and focused on trends and dev...
28 October 2021
Lending

CBA provides first build-to-rent Green Loan in Australia

Indi Sydney City will be a 5 Star Green Star building that will be carbon neutral in operations.
27 October 2021
Sustainability

CBA backs Providence Asset Group’s portfolio of 10 community-based solar farms

The solar farms deliver renewable energy generation in regional Victoria.
21 October 2021
Business

CBA enters partnership with Xpansiv to develop Australia’s voluntary carbon market

The two companies enter a Strategic Relationship Agreement focused on driving carbon market growth.
11 October 2021
Sustainability

ISPT becomes Australia’s largest sustainability-linked loan issuer with CBA support

Commonwealth Bank acted as joint sustainability coordinator and lender for ISPT’s second sustainability-linked loan to back its Retail Australia Pr...
21 September 2021
Business

CBA supports Charter Hall with Australia’s first Green Development Loan

When completed, the commercial office development in Victoria will house Australia Post headquarters.
14 September 2021
Sustainability

CBA backs Walker Corporation’s ESG commitment with Green Loans

CBA acts as joint green loan coordinator for Walker’s commercial buildings in Sydney’s Parramatta Square and Melbourne’s Collins Square.
8 September 2021
Business

Commercial Property Loans go green

CBA’s new zero fee Property Sustainability Upgrade Loan helps property owners reduce their environmental impact while saving on operating costs
2 September 2021
Sustainability

CBA supports new wind farm to advance QLD towards renewable energy goal

Dulacca Wind Farm, backed by a loan from CBA, will help QLD reach its goal of generating 50 per cent of its power from renewable sources by 2030.
2 September 2021
Media release

Australia’s first sustainability-linked loan with a RAP target

CBA supports NSW Land Registry Services to advance indigenous engagement as part of its inaugural sustainability-linked loan
23 August 2021
Sustainability

CommBank Green Loan available nationally

CommBank Green Loan is now available to all eligible home loan customers nationally.
26 July 2021
Agribusiness

Australia’s first sustainability-linked loan for Agriculture

Leading Australian beef producer Stockyard partners with CBA to drive enhanced leadership in social outcomes under new funding agreement.
22 July 2021
Community

CBA helps refinance Sydney Light Rail project with NSW’s first operational PPP Green Loan

CBA’s institutional bank has acted as green loan coordinator and mandated lead arranger for the almost $700 million transaction to support key NSW ...
7 July 2021
Business

CBA partners with client trio to support Australia’s largest PET recycling plant

CBA’s institutional bank has structured a bespoke solution to finance the circular economy joint venture.
7 July 2021
Corporate responsibility

CBA helps Lendlease issue its second green bond in five months

Our institutional bank continues to meet increasing demand for sustainable finance.
15 April 2021
Corporate responsibility

CBA finances NSW Solar Farm to help power 240,000 Homes

Commonwealth Bank has announced its plans to provide funding to a utility scale solar farm under construction in the NSW town of Uralla.
15 February 2021
Product

CommBank announces Green Loan

CommBank has announced a Green Loan that will help its customers purchase renewable technology.
15 February 2021
Business

CBA supports Australian-first PPP Green Loan

Green finance to help Australia’s transport sector in the transition to a low carbon economy.
16 December 2020
Business

Institutional investors increase demand for 'green' finance

Two green bonds issued this week highlights the growing demand for sustainable finance, according to Commonwealth Bank.
23 October 2020