CBA award for halving carbon footprint


The Commonwealth Bank of Australia (CBA) has been named as signatory of the year at the CitySwitch National awards, in recognition of its achievement in cutting its carbon footprint in half.

The bank’s national energy reduction strategy helped them achieve a five star NABERS energy rating across all their commercial office spaces, resulting in a 48.5 per cent reduction of their carbon footprint.

CitySwitch Green Office is a national program which supports commercial office tenants to improve office energy and waste efficiency. It started in Sydney in 2005 and is supported by partners including the City of Sydney, City of Melbourne, City of Adelaide, City of Perth, North Sydney Council, City of Willoughby and the NSW Office of Environment & Heritage.

Sydney Lord Mayor Clover Moore said the results showed Australian businesses get the economic sense of running a clean green business and take the fight against climate change seriously.

“In the early days it was small city firms taking out the CitySwitch awards – to see a national icon like the Commonwealth Bank win shows just how far we’ve come,” the Lord Mayor said.

“By rolling out solar across 38 CBA branches, the bank has saved more than $11.5 million annually. Across their portfolio, measures like these have cut more than 80,000 tonnes of CO2 and halved the bank’s emissions.

CBA’s energy and sustainability manager Sanjeet Singh said the bank recognised the role it could play in limiting climate change by making operations more efficient.

“We’ve been measuring, reducing and reporting on our environmental footprint since 2001. Throughout the year we have continued to implement initiatives as part of our sustainable property strategy,” Mr Singh said.

“We’re tracking well towards meeting our 2020 targets. This month we reached a 50 per cent emissions reduction from our 2009 baseline.”

HFM Asset Management and TSA Group won the CitySwitch National Partnership of the Year 2017.

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