COMMONWEALTH BANK OF AUSTRALIA
CBA
Financials
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Commonwealth Bank of Australia is the country's largest bank by market capitalization. Banking on Climate Chaos 2025 reports CBA provided $616 million in fossil fuel financing in 2024 and $2.9 billion cumulatively from 2021 to 2024, ranking approximately #60 globally. CBA has taken more aggressive steps than its Australian peers, requiring fossil fuel companies to disclose credible Paris-aligned transition plans since 2024. Its upstream oil and gas lending exposure has dropped 75 percent over three years. However, total cumulative financing since 2021 still runs to billions, and its residual exposure to fossil fuel expansion companies — $175 million in 2024 alone — warrants continued exclusion under ECIC standards.
Research Sources
1 organization
Related Exclusions
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.