Commonwealth Bank of Australia Publishes Corporate Responsibility Report 2016

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Commonwealth Bank of Australia Publishes Corporate Responsibility Report 2016

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Latest #CSR report from @CommBank provides overview of long-term value http://bit.ly/2b4Ebie via @ReportAlert

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Monday, August 22, 2016 - 2:00pm

CAMPAIGN: ReportAlert Stakeholder Communications

CONTENT: Article

Commonwealth Bank of Australia this week issued its Corporate Responsibility Report 2016, which provides an overview of the long-term value created for its stakeholders during the 2016 financial year.

“Our Corporate Responsibility Strategy is a key part of how we deliver against our vision to excel at securing and enhancing the financial wellbeing of people, businesses and communities,” said Kylie Macfarlane, General Manager, Corporate Responsibility. “Our annual Corporate Responsibility Report is the way we communicate the progress we’ve made over the last year and our plans for the future.”

Independently assured metrics are available in the report which has 3 main sections: Our role in society, Our people and The way we do business. 2016 highlights from each of these include:

  • Our role in society: As part of the Bank’s recently announced $50 million investment in education: exceeded target to double the annual enrolment in our free Start Smart financial literacy program with more than 557,000 students enrolled and launched Evidence for Learning, a new social enterprise set up by Social Ventures Australia, incubated with $6 million of Bank funding, inclusive of a new Learning Impact Fund that evaluates education programs in Australia to raise the academic achievement of children and young adults.
     
  • Our people: Strengthened our commitment to gender diversity by setting a new 40 per cent target for women in Executive Manager and above positions by 2020, having reached our previous target of 35 per cent in July 2015. Granted $2 million to 229 grassroots programs through the Staff Community Fund, Australia’s longest-running workplace-giving program.
     
  • The way we do business: announced new and updated environmental, social and governance policies and practices including a revised Group Environment Policy, enhanced financed carbon emissions disclosures, a new Human Rights Position Statement, a new Wealth Management Responsible Investing Framework and updates on the way we embed our approach to responsible lending across our operations.  

To view Commonwealth Bank of Australia’s Corporate Responsibility Report 2016, visit: https://www.commbank.com.au/cr-report2016  

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 in more than 11 countries to more than 15 million customers in Australia and overseas.

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Media contact: 
Media at Commonwealth Bank of Australia

Keywords: Research, Reports & Publications | CSR Reports | Commonwealth Bank of Australia | ReportAlert | Responsible Business & Employee Engagement | Sustainable Finance & Socially Responsible Investment

CAMPAIGN: ReportAlert Stakeholder Communications

CONTENT: Article