Industry Sector: Financials
NEWSWEEK Green Score: 80.9%
Environmental Impact: 84.9%
Environmental Management: 73.6%
Transparency & Disclosure: 95.8%
The company achieved its goal of becoming carbon-neutral by the end of 2010, largely by buying up carbon offsets. The bank has installed “Smart” meters in many of its office buildings, which helped reduce energy consumption by 25 percent in 2009. The company’s newer buildings are constructed with energy efficiency in mind; for instance, the headquarters in Melbourne is designed to release 70 percent fewer greenhouse-gas emissions than a standard office building. At the more basic level, the decision to start offering electronic statements beginning in 2008 saved more than 24 million sheets of paper. The company also aims to reduce the total amount of waste produces, and so far has achieved a recycling rate of about 59 percent.