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Our climate change commitment

To meet the Paris Agreement goals, significant greenhouse gas emission reductions are required across all sectors of the economy. Trillions of dollars are needed to invest in new and existing technologies that help reduce emissions.

We expect that the many financing opportunities linked to our business strategy will contribute to achieving the Paris Agreement goals and the transition to a net-zero economy.

ANZ is a member of the Net-Zero Banking Alliance (NZBA), reflecting our commitment with other leading banks globally of transitioning our lending portfolio to net-zero financed emissions by 2050 in line with the goals of the Paris Agreement.

We support an effective and orderly transition that recognises and responds to social, economic and environmental impacts of a net-zero transition. This aligns with our purpose to shape a world in which people and communities thrive.

 

Our focus areas

We are responding to changes to financial markets and financial systems, to seek to better identify and manage climate risks and opportunities, and have identified opportunities in four key areas:

Supporting our customers to transition

The most important role we can play in the transition to net-zero is to support our customers to reduce emissions and support them to become more resilient to a changing environment and economy.

Transitioning our lending portfolio to net zero financed emissions by 2050 in line with the goals of the Paris Agreement

Our success in supporting and accelerating a net-zero transition by 2050 will be driven by our ability to help our customers reduce their emissions.

Engaging constructively and transparently with stakeholders

We recognise it is vital to work collaboratively with our stakeholders to help support the transition to net-zero emissions.

Reducing emissions from our operations

We are also committed to reducing our operations’ Scope 1, 2 and 3 greenhouse gas emissions to manage our climate impact.

See How we're reducing our environmental footprint

man fixing solar panels 

Our climate change commitment

For a summary of our climate change approach and opportunities we have identified in key areas, please refer to our ANZ Climate Change Commitment (PDF 78.4kB). Additional disclosures and policies can also be found at ESG reporting

ANZ's 2024 Environment, Social and Governance (ESG) Supplement

This report provides detailed information on ANZ's focus on bringing our purpose to life through helping tackle significant societal challenges that are core to our business strategy and matter to society.

2024 ESG Supplement (PDF 18.5MB)

Reporting

2024 ESG Supplement

Detailed information on ANZ's social and environmental sustainability performance and challenges. Released 8 November 2024.

PDF 18.5MB

Social and Environmental Sustainability Target Methodology 

ANZ's Social and Environmental Sustainability Target Methodology. Updated 8 November 2024.

PDF 336KB

2024 Environmental Performance Report

The 2024 Annual GHG Emissions and Carbon Offset Data Assurance Statement details our global carbon offset data, done by KPMG. Released 8 November 2024.

PDF 284kB

2024 Climate-related Financial Disclosures

We report using the recommendations of the Financial Stability Board Taskforce on Climate-related Financial Disclosures (TCFD).

PDF 8.6MB

  

2024 Energy Customer Approach 

Transitioning our lending portfolio to net zero financed emissions by 2050 in line with the goals of the Paris Agreement: Our approach to Institutional energy customers. Released 15 November 2024.

PDF 1.8MB

  

2024 ESG Full Year Investor discussion pack

Our full year ESG investor discussion pack. Released 8 November 2024

PDF 6.4MB

  

1. Refer to ANZ’s Social and Environmental Sustainability Target Methodology available at anz.com/esgreport

2. Our targets are in the metrics and targets section of our Climate-related Financial Disclosures, available here: anz.com/esgreport That report also contains important notices about forward-looking statements and about the uncertainties, challenges and risks associated with climate-related information.

3. The energy sector includes integrated oil and gas companies involved in exploration, development and refining as well as low carbon energy solutions, thermal coal mining, and integrated power utility companies such as renewable energy and coal.

4. Energy use includes transport in addition to the power generation sector. The percentage of global emissions from energy use is sourced from the International Energy Agency (IEA), Net Zero by 2050: A Roadmap for the Global Energy Sector, October 2021.

5. Institutional, including Corporate, customers.

6. Our lending is informed by our evolving social, environmental and credit policies, which includes commitments relating to thermal coal. Information on our policies is available here: https://www.anz.com.au/about-us/esg-priorities/fair-responsible-banking/responsiblebusiness-lending/

7. These include energy, extractive industries, forestry and forests, water and hydropower. 

8. This includes an avenue for complaints that is available to stakeholders who have concerns about whether our business lending is consistent with our climate statement. Complaints can be made by contacting the Group General Manager, ESG or Chief Risk Officer.

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