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lightly on
the planet

At bankmecu, we’re minimising our impact on the environment, in line with our Environment Policy:

  • Total greenhouse emissions decreased by 5.0% in 2014 to 1,788 tonnes. Emissions per full time equivalent staff member (FTE) also fell by 8.3%. Further, total greenhouse emissions fell by 12.3% since 2010 and by 12.7% per FTE over the same period.
  • Since 2011, total offsets purchased exceeded emissions.
  • Electricity consumption fell 7.9% in 2014, and costs fell 23.4%.
  • Transport by car fell 1.4% and transport by air fell 19.1% in 2014, however overall costs increased slightly.
  • Water consumption fell 17.3% in 2014 and costs fell 32.7%.
  • Total waste rose in 2014, but waste per FTE was stable for both landfill and recycled waste.

Greenhouse gas emissions

bankmecu greenhouse gas emissions are defined as scope 1 (direct emissions), scope 2 (indirect emissions) and scope 3 (other indirect emissions) as per the Greenhouse Gas Protocol. Each year, we measure our performance against targets:

  • Reduce carbon emissions per FTE by 10% by 2015 relative to 2010 levels – target achieved.
  • Offset all scope 1 and scope 2 emissions by 30 June 2011 – target achieved.
  • Add at least one new scope 3 emission source each year for three years – target set and achieved last year.



Total carbon offsets purchased exceeded total emissions by 5 tonnes to help offset delegate meetings associated with the GABV conference bankmecu hosted at various venues.


bankmecu monitors energy consumption (electricity and gas) at our owned and leased locations wherever possible. We are on target to increase energy efficiency per m² by 5% by 2015 relative to 2010 levels.

Lower electricity consumption in 2014 reflected more stable weather conditions, lowering heating and cooling use. Replacing faulty electrical equipment and fewer service centres also reduced our electricity consumption. Electricity costs decreased by 23.4% in 2014.

We installed solar panels at our Kew head office in 2008. The system is rated to provide 10,000 kWh per year.


We consumed less gas in 2014 than in 2013, although consumption remains above the 2012 figure. Much of the improvement reflected less gas used at the Kew and Bendigo service centres. Overall, gas costs remained relatively stable.



bankmecu employees use motor vehicles and air travel for business related travel. We are still working towards our goal of reducing carbon emissions from road vehicles per FTE by 5% by 2015, relative to 2010 levels. Carbon emissions per FTE increased by 4.3% during this period due partly to more accurate scope 1 and scope 3 reporting for cars. Car travel increased 3.2% and 2.8% per FTE between 2010 and 2014. Costs associated with business related car travel rose by 7.9% in 2014, even though our employees travelled less kilometres and fewer employees packaged motor vehicles.


Business related air travel fell, as employees travelled interstate less and used phone conferencing more, and costs fell 3.3% in 2014. CO2 emissions also fell by 20.3% in line with reduced travel.



bankmecu is on target to achieve our goal of reducing water consumption per FTE by 5% by 2015, relative to 2010 levels. We used 17.3% less water in 2014, compared with the previous year, and our costs fell by 32.7% over the same period. We used 312,830 litres of rainwater in 2014, bringing our total to 1,823,080 litres since we installed rainwater tanks at our Kew headquarters in March 2008.



We changed the way waste is calculated to provide a less subjective assessment of how much we generate. Rather than basing calculations on staff estimates of the waste in the bins before monthly collection, we based them on total bin capacity across our locations. We sampled service centres in Ballarat, Bendigo, Castlemaine, Kew, Mildura, Moe, Morwell and Traralgon, which accounted for 247.5 FTEs, and then extrapolated these results across the business. The change in method accounted for the 13.6% rise in total waste in 2014. But despite the rise in total waste, waste per FTE was stable for both landfill and recycled waste.