CBA is the first Australian bank to offer a sustainability action tool to help small business customers improve environmental outcomes while enhancing performance and reducing costs.
The Commonwealth Bank of Australia’s (CBA) is launching a new tool to help small and medium sized enterprises (SMEs) to embed sustainability into their operations.
CBA’s new Sustainability Action Tool provides insights into actions businesses can take to reduce their environmental impacts and lower costs.
New CBA research shows that the cost of becoming sustainable (61 per cent), finding sustainable suppliers (30%) and a lack of time and resources (28 per cent) are the top pain points for SMEs seeking to embed sustainability into their business model.
The CBA Sustainability Action Tool is designed to help small business customers identify sustainable choices for their processes and operations and provide them a selection of resources and actions based on their responses to a few simple questions.
The tool will initially focus on energy, transport, and waste management and will be expanded in the coming months to include information on other sustainability topics such as supply chain management, product design and wellbeing.
Kerryn Saward, CBA General Manager Everyday Business Banking said: “It’s clear small business owners have a strong interest in sustainability and are already implementing sustainable practices in their business.