Mystate
Mystate Limited, commonly referred to as Mystate, is a prominent financial services provider headquartered in Australia. Established in 2006, the company has made significant strides in the banking and financial sector, particularly in Tasmania and other key regions across the country. Mystate offers a range of core products, including personal banking, home loans, and investment services, distinguished by their customer-centric approach and competitive rates. With a commitment to innovation and community engagement, Mystate has positioned itself as a trusted alternative to traditional banks, earning accolades for its service excellence and sustainable practices. As a growing player in the Australian financial landscape, Mystate continues to enhance its offerings, ensuring that it meets the evolving needs of its customers while maintaining a strong market presence.
DitchCarbon Score
How does Mystate's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Mystate's score of 31 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mystate's reported carbon emissions
In 2023, MyState's total carbon emissions amounted to approximately 55,834,000 kg CO2e. This figure includes 41,000 kg CO2e from Scope 1 emissions, 137,000 kg CO2e from Scope 2 emissions, and 4,341,000 kg CO2e from Scope 3 emissions. Compared to 2022, where total emissions were about 49,164,000 kg CO2e, this represents a significant increase in emissions, particularly in Scope 2, which rose from 207,000 kg CO2e in 2022. In 2022, MyState reported total emissions of approximately 49,164,000 kg CO2e, with Scope 1 emissions at 40,000 kg CO2e, Scope 2 at 207,000 kg CO2e, and Scope 3 at 4,622,000 kg CO2e. The 2021 data shows a total of about 4,690,000 kg CO2e, with Scope 1 at 54,000 kg CO2e, Scope 2 at 271,000 kg CO2e, and Scope 3 at 4,365,000 kg CO2e. Despite the increase in emissions, MyState has not disclosed any specific reduction targets or climate pledges. The emissions data is sourced directly from MyState Limited, with no cascading from a parent or related organization. The company has not reported any initiatives under the Science Based Targets initiative (SBTi) or other climate frameworks. Overall, MyState's emissions profile indicates a need for enhanced climate commitments and strategies to address the rising emissions, particularly in Scope 2.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 54,000 | 00,000 | 00,000 |
| Scope 2 | 271,000 | 000,000 | 000,000 |
| Scope 3 | 4,365,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Mystate is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
