Commonwealth Bank of Australia Releases 2020 Sustainability Reporting

The Commonwealth Bank of Australia (‘CBA’) has released its 2020 Annual Report, including updates on its sustainability performance and approach to climate change. The newly-released report details CBA’s sustainability progress and performance for the financial year, and continues its reporting in line with the recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (‘TCFD’).  “We have been determined to support our stakeholders through the bushfires, drought and now COVID-19 pandemic crisis”, Euan Robertson, General Manager, Government, Industry and Sustainability, Commonwealth Bank, explains. “We continue to progress our…

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Commonwealth Bank of Australia Releases 2019 Sustainability Reporting and Announces New Environmental & Social Framework

The Commonwealth Bank of Australia (‘CBA’) has released its 2019 annual report and announced a new Environmental & Social Framework which includes a commitment to exit thermal coal by 2030. The newly-released report details CBA’s sustainability progress and performance for the financial year, and marks the second year of reporting in line with the recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (‘TCFDs’).  “Improving the financial wellbeing of our customers and the communities we serve is at the heart of our purpose. When we act in…

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