Commonwealth Bank of Australia Publishes Its 2017 Corporate Responsibility Report

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Commonwealth Bank of Australia Publishes Its 2017 Corporate Responsibility Report

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Thursday, August 17, 2017 - 4:00am

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This week Commonwealth Bank of Australia released its 2017 Corporate Responsibility Report, which shows continuing progress across a range of initiatives focused on delivering the Group’s vision to excel at securing and enhancing the financial wellbeing of people, businesses and communities.

Commonwealth Bank’s Chief Executive Officer, Ian Narev, said the Report provides a transparent and thorough update on the work being done across a range of initiatives that benefit employees, customers, shareholders and Australian communities.

“We’re pleased with our progress and the performance of our programs to date. Our responsibilities extend beyond our day to day business activities and we are continuing to focus on education, innovation and good business practice, and respond to global trends and changes.”

Highlights from the Report for financial year 2017 include:

  • More than $16 million invested in education
  • Start Smart financial education classes delivered to more than 574,000 students
  • More than $2 million awarded to 229 youth-focused organisations through the Staff Community Fund
  • More than 6,000 customers provided with hardship assistance every month
  • $1.02 billion of climate bonds arranged, including issuing a $650 million climate bond, the largest Australian dollar climate bond by an Australian bank 
  • Our lending exposure to renewable energy projects has grown to $2.8 billion
  • 44% women in Manager and above roles

Alongside the Report, the Commonwealth Bank has also released its first Climate Policy Position Statement.

To read the 2017 Corporate Responsibility Report, visit:
https://www.commbank.com.au/investors/corporate-responsibility.html

About Commonwealth Bank of Australia
Commonwealth Bank of Australia is one of the largest listed companies on the Australian Securities Exchange and the most recognised brand in the Australian financial services industry. The Group provides retail, private, business and institutional banking services to more than 16 million customers in 11 countries.

Media contact:
Commonwealth Bank Media

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Keywords: Research, Reports & Publications | Commonwealth Bank of Australia | Corporate Responsibility Report | Diversity & Inclusion | Education | Energy | Innovation | Renewable Energy | ReportAlert | Social Impact & Volunteering | Sustainable Finance & Socially Responsible Investment

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CONTENT: Article