Editing Commonwealth Bank (section)

===Environmental===
Commonwealth Bank is one of the major Australian banks known to be financing and profiting from activities destructive to the Great Barrier Reef, something the bank has been facing increased public scrutiny over since a 2013 report by Market Forces;<ref>{{cite web|title=Financing Reef Destruction; How banks are using our money to destroy a national icon|url=http://www.marketforces.org.au/wp-content/uploads/2013/10/MF_Financing_Reef_Destruction.pdf|website=Market Forces|access-date=10 May 2015|archive-url=https://web.archive.org/web/20140308100154/http://www.marketforces.org.au/wp-content/uploads/2013/10/MF_Financing_Reef_Destruction.pdf|archive-date=8 March 2014|url-status=live}}</ref> the ''Sydney Morning Herald'' stated:<ref>{{cite news|last1=Hannam|first1=Peter|title=Big banks finance reef destruction, activists claim|url=http://www.smh.com.au/business/carbon-economy/big-banks-finance-reef-destruction-activists-claim-20130501-2iu3x.html|access-date=10 May 2015|work=Sydney Morning Herald|date=2 May 2013}}</ref>

{{block quote|''Australia's big four banks are leading lenders to the massive expansion in coal and gas shipments through the Great Barrier Reef, contradicting their own pledges to curb carbon emissions and preserve sensitive environmental areas. ... The CBA, meanwhile, highlighted its achievement to cut carbon emissions from operations by 35,000 tonnes in 2012. A single bulk carrier shipment of coal exported from Australia would result in final emissions of four times those savings.''|Julien Vincent, campaigner with Market Forces, May 2013.}}

In 2014, CBA and the big four Australian banks faced increased pressure to end their support for reef-threatening mining projects, as surveys have shown that "the big four banks would be risking customers shifting up to $236 billion in household deposits if they were to finance a project like the Abbot Point expansion".<ref>{{cite news|last1=Saunders|first1=Amanda|title=Australian banks face more pressure over support for coal projects|url=http://www.smh.com.au/business/mining-and-resources/australian-banks-face-more-pressure-over-support-for-coal-projects-20140710-zt14p.html|access-date=10 May 2015|work=Sydney Morning Herald|date=10 July 2014}}</ref>

In late 2014, it "was revealed [CBA] was advising Indian coal miner Adani on its proposed development in Queensland's Galilee basin",<ref>{{cite news|last1=Chatterjee|first1=Dev|title=It's Branson vs Adani in Australia; Virgin promoter to protest Adani's mining project in Australia, saying it will damage the Great Barrier Reef|url=http://www.businessspectator.com.au/news/2014/11/27/policy-politics/cba-gun-galilee-coal-mine-advisory-role|access-date=10 May 2015|work=Business Standard|date=9 May 2015}}</ref> while by 2015, it has been reported that "all the major American and European banks have refused funds to the project, citing environmental damage".<ref>{{cite news|title=CBA in gun for Galilee coal mine advisory role|url=http://www.business-standard.com/article/companies/it-s-branson-vs-adani-in-australia-115050800809_1.html|access-date=10 May 2015|work=Business Spectator|date=27 November 2015}}</ref>

In May 2015, a report by Market Forces showed that CBA is the single biggest lender to fossil fuel projects within the Great Barrier Reef World Heritage Area during the six-year period from 2008 to 2014.<ref>{{cite news|last1=van de Pol|first1=Will|title=Commbank biggest lender to coal and gas in the Reef|url=http://www.marketforces.org.au/Commbank-biggest-lender-to-coal-and-gas-in-the-Reef|access-date=16 May 2015|publisher=Market Forces|date=16 May 2015|archive-url=https://web.archive.org/web/20150521052001/http://www.marketforces.org.au/Commbank-biggest-lender-to-coal-and-gas-in-the-Reef|archive-date=21 May 2015|url-status=dead}}</ref> Almost immediately following, protests were held at over fifty CBA branches in Australia and around the world.<ref name="theguardian.com">{{cite news|last1=Milman|first1=Oliver|title=Australia's banks have 10% loans in risky fossil fuels, says investment adviser|url=https://www.theguardian.com/business/2015/may/20/australias-banks-have-10-loans-in-risky-fossil-fuels-says-investment-adviser|access-date=20 May 2015|work=The Guardian|date=20 May 2015}}</ref><ref>{{cite news|last1=Ong|first1=Thuy|title=Environment campaigners protest in central Sydney over Commonwealth Bank investment in fossil fuel projects|url=http://www.abc.net.au/news/2015-05-20/group-against-commbank-fossil-fuel-investment-protest-in-sydney/6484328|access-date=20 May 2015|agency=Australian Broadcasting Corporation|date=20 May 2015}}</ref>  Billboards, hoardings and branch signs were revised to read "Coal Bank" and company slogans changed to highlight its investment in fossil fuels.<ref>{{Cite web |last=McIntyre |first=Iain |date=2022-03-23 |title=Australian Actions at the Point of Assumption |url=https://commonslibrary.org/australian-actions-at-the-point-of-assumption/ |access-date=2022-11-10 |website=The Commons Social Change Library |language=en-AU}}</ref>

Later in May, a report by MSCI showed that while other banks are reducing their funding for fossil fuel projects, Australia's largest banks are ramping up this same funding; ''[[The Guardian]]'' reported:<ref name="theguardian.com"/>

{{block quote|''Australia's largest banks have committed about 10% of their known loan arrangements to the financing of risky fossil fuel projects that may become 'stranded' if the world is to avoid disastrous climate change, new research has estimated.''|''[[The Guardian]]'', May 2015.}}