CBA: Enters partnership with Xpansiv
- CBA and Xpansiv Ltd., the global marketplace for ESG commodities entered a Strategic Relationship Agreement
- Made a $15 million investment in Xpansiv as part of the agreement, which focuses on opportunities including enhancing liquidity
- Helping clients in all sectors of the economy to transition and achieve their sustainability targets was a core pillar of the bank’s strategy
- Global and Australian voluntary carbon markets are nascent but expect them to grow rapidly
- Xpansiv has built a leading marketplace for ESG commodities, and we are pleased to be able to invest in the next phase of its growth
- Xpansiv is the world’s liquidity hub for ESG-inclusive commodities such as carbon offsets, Renewable Energy Certificates (RECs)
