Bank partners with Ruminati to measure emissions and model abatement options
The Commonwealth Bank of Australia (CBA) has launched a pilot program with emissions management platform Ruminati to provide farmers with resources to measure their baseline emissions and explore the effects of altering farming practices.
Initially targeting livestock and mixed farming clients in Victoria, Queensland, and New South Wales, the program aims to help producers understand their emissions sources and discover opportunities for enhancing both economic and environmental outcomes. This includes exploring various farming methods such as adjusted grazing practices, alternative stocking rates, and reduced chemical usage.
The initiative is part of CBA’s investment in agricultural technology, including a partnership with agtech integrator Pairtree Intelligence, which simplifies farm management by integrating services from over 100 leading agtech firms.
“The pilot with Ruminati is a further demonstration of our commitment to support farmers through transition as they build future-fit farming businesses,” said Paul Fowler, CBA’s executive general manager of regional and agribusiness banking. “The conversation is shifting from curiosity towards intent and from intent towards action.
“We want to support customers with access to tools and resources which help them make informed decisions, so they are well placed to take advantage of the opportunities to improve productivity and profitability with the benefit of enhancing natural capital.”
Read more: CBA’s Agri Green Loan boosts sustainable farming
Natasha Greenwood, CBA’s general manager of agribusiness, pointed out the growing importance of emissions measurement for maintaining market access, leveraging export opportunities, and fulfilling supply chain commitments.
“CBA’s collaboration with Ruminati will help us to support the sector by providing farmers with data and insights they can use to support these requirements and optimise opportunities within their own farming enterprise,” she said.
Ruminati co-founder Bobby Miller expressed enthusiasm for the partnership, noting the platform’s design by and for producers to address the challenges of farming and to promote sustainability leadership in the industry.
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“This project is not just about measuring emissions; it’s about fostering a movement where producers can own their sustainability story and lead the industry towards a more resilient future from the ground up,” Miller said. “Working closely with Australia’s largest bank has been a fantastic experience and gaining insights from their perspective has allowed us to fine-tune our approach.”
CBA offers a suite of sustainable finance products, including Australia’s first agri green loan, green asset finance, sustainability-linked loans, and pre-financing of carbon credits, aimed at supporting investments in natural capital, business efficiency, and productivity improvements.
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