|Date joined:||1 July, 2009|
|Initiatives:||Net Zero Banking Alliance and Principles for Responsible Banking|
The Commonwealth Bank (the Group) is one of Australia’s leading providers of integrated financial services including, retail , premium , business and institutional banking, funds management, superannuation, insurance, and investment and sharebroking products and services. We are one of the largest listed companies on the Australian Stock Exchange and are included in the Morgan Stanley Capital Global Index.
The Commonwealth Bank’s key financial objective is to have Total Shareholder Return in the top quartile of our Australian listed peers over each rolling five-year period and our strategic strengths include our brand, our scale, and our diversified business mix.
The Commonwealth Bank brand is the most recognised brand in the Australian financial services industry. Other award-winning brands within the Group include wealth management business, Colonial First State, and online broking service, CommSec.
The Group has a strong domestic presence with the largest customer base of any Australian bank and operates the largest financial services distribution network in the country with the most points of access.
Commonwealth Bank & Sustainability
At the Commonwealth Bank, we recognise that our operations have direct and indirect impacts on the environment. Our objective is to manage these impacts so that we can better manage the cost of doing business and the risks to our portfolios, and enhance long-term shareholder returns.
The sustainability of our business is an integral part of delivering the Group’s strategic priorities, and the five foundations of our sustainability strategy are:
Governance: Ensuring we have a well-managed, ethical and transparent business through our systems, processes and policies.
Community: Building prosperity in the communities in which we operate through education and investment.
Customers: Contributing to our customer’s long-term financial wellbeing through the responsible delivery of the right products and services.
Environment: Managing our direct and indirect environmental impact in a responsible way.
People: Building a culture of trust and team spirit where our people are engaged, passionate and valued.
We also participate in and are a signatory to such programs as:
- World Business Council for Sustainable Development
- Carbon Disclosure Project
- Global Compact
- Earth Hour
- UNEP FI
And, our environmental partnerships include:
- Clean Up Australia Day
- Great Barrier Reef Foundation
- Perth Zoo
Commonwealth Bank and Sustainability on the web
Commonwealth Bank of Australia
Link to Annual Reports