Daily CSR
Daily CSR

Daily CSR
Daily news about corporate social responsibility, ethics and sustainability

Combining The Financial Along With The Non-Financial Growth


Learn about the combined take on sustainable approach in the latest annual report of Commonwealth Bank of Australia for 2018.

Dailycsr.com – 29 August 2018 – The annual report for the fiscal year of 2018 has been published by the Commonwealth Bank of Australia which provides a “comprehensive view” of the organisation’s non-financial growth as well as performances. Additionally, the report also features some “Spotlight articles” that gives details of the approach of the Bank towards “financial education, financial wellbeing, diversity and inclusion, customer advocacy and climate change”.
The Commonwealth Bank’s “General Manager Corporate Responsibility”, Kylie Macfarlane thinks that the report which is a combination of two aspects builds on the bank’s contributions which are aligned with its “commitment to responsible and sustainable business practices”.
In Macfarlane’s words:
“More than 49,000 dedicated people serve more than 16 million customers across Australia and countries around the world. We reached a number of milestones across community investments, students accessing financial education, lending to renewable energy projects and cultural diversity in our workforce to name a few”.
Here are the highlights from the report, as mentioned by ReportAlert:
  • Reporting in line with the recommendations from the Task Force on Climate-related Financial Disclosures
  • Supporting our community with $290 million in community investment
  • Awarding more than $10 million to 1,028 youth-focused organisations to celebrate the centenary of the Bank’s people’s charity, CommBank Foundation
  • Helping more than 56,000 customers experiencing financial hardship
  • Completing the roll-out of state-based Addressing Financial Abuse guides and a Domestic and Family Violence Emergency Assistance Program
  • Embedding a more diverse and inclusive workplace with women comprising 44.6% of Manager roles and above
  • Expanding lending exposure to renewable energy projects by $1 billion to $3.7 billion as of the end of June 2018
You can read the full “2018 Annual Report” of the Commonwealth Bank of Australia at: