- intense competition for both mortgages and retail deposits
- higher inflation Australia experienced over the period
- continued competition for deposits and mortgages
- elevated levels of customer switching and retention discounting and higher funding costs
- lower transaction and loan fees
- reduction in the Growth funds management fee, from 1.0% to 0.5%
- rising interest rates since May 2022
- cyber security risks and scams
MyState Limited
Greenhouse gas emissions & sustainability report data
In its 2023-07 to 2024-06 reporting, MyState Limited disclosed greenhouse gas emissions of 5.5K tCO2e/year. By scope: Scope 1: 38 tCO2e/year; Scope 2: 93 tCO2e/year; Scope 3: 5.4K 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
5.5K tCO2e/year
2023-07 to 2024-06
Renewable Energy
99%
of total energy
📊 Emissions by Scope (2023-07 to 2024-06)
| 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). | 38 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 93 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 5.4K 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 |
|---|---|
| 2023-07 to 2024-06 | 5.5K tCO2e/year |
| 2022-07 to 2023-06 | 55.8K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- MyState’s FY24 GHG emissions footprint was assessed to be 5,535 tonnes of carbon dioxide equivalent or tCO2e (Scope 1, 2 and limited Scope 3 emissions).
- 99% of the energy used in our Tasmanian HQ was renewable.
- 68% of bank customers on e-statements.
- 80% of bank customers registered for internet and mobile banking.
🌱 ESG Focus Areas
Environmental sustainabilitySupporting customersHelping our people be their bestDigital enablement and data securityCommunity investmentGovernance, conduct and culture