- Identified weaknesses in operational resilience and risk culture resulting in two Court Enforceable Undertakings (CEUs)
Bank of Queensland Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Bank of Queensland Limited disclosed greenhouse gas emissions of 30.2K tCO2e/year. By scope: Scope 1: 399 tCO2e/year; Scope 2: 4.4K tCO2e/year (location based); Scope 3: 29.0K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
30.2K tCO2e/year
2023
Renewable Energy
84%
of total energy
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 399 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 4.4K tCO2e/year (location based) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 29.0K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 30.2K tCO2e/year |
| 2022 | 38.0K tCO2e/year |
| 2021 | 34.5K tCO2e/year |
| 2020 | 43.0K tCO2e/year |
| 2019 | 4.1K tCO2e (excluding facilities where energy is provided by the landlord) |
| 2018 | 122 tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Achieved a 21% reduction in total operational emissions
- Maintained Climate Active carbon neutral accreditation
- Renewable energy supplied 84% of BOQ Group’s electricity needs
- Avoided consumption of more than 10,000 liters of fuel through preferencing zero and low emissions vehicles
- 17% reduction in supply chain Scope 3 emissions
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption by 10% by 2025 (not explicitly stated but implied)
📅 Medium-term
- Reduce scope 1 and 2 emissions by 90% and scope 3 emissions by 40% by 2030
- Achieve 100% renewable electricity by 2025
🔭 Long-term
- Net zero emissions (implied, not explicitly stated with a year)
🌱 ESG Focus Areas
Data protection & governanceCustomer experience & product responsibilityCustomer Conduct, governance & cultureClimate change, sustainable finance & environmentWorkforce empowerment & capabilityCommunity support & involvement