Daily CSR
Daily CSR

Daily CSR

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Commonwealth Bank of Australia Continues To Deliver On Multiple Initiatives Towards Communities, Businesses & People Wellbeing



08/21/2017

Take a look at the recent “Corporate Responsibility Report” of Commonwealth Bank for the year of 2017.


Dailycsr.com – 21 August 2017 – The Commonwealth Bank of Australia came out with its “Corporate Responsibility Report” of 2017, whereby showcasing the bank’s ongoing progress within various “initiatives” that attempts to deliver its “vision” of excelling in “securing and enhancing the financial wellbeing of people, businesses and communities”.
 
According to the C.E.O of Commonwealth Bank, Ian Narev, the said report gives a detailed “update on the work” that is undertaken to “benefit employees, customers, shareholders and Australian communities” in a transparent manner. In his words:
“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.”
 
Furthermore, here are some highlights of the report, as mentioned by Ethical Performance:
  • 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
In order to avail the complete “2017 Corporate Responsibility Report” of Commonwealth Bank, kindly visit:
https://www.commbank.com.au/investors/corporate-responsibility.html
 
 
 
References:
http://www.ethicalperformance.com