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Reducing our environmental footprint

ANZ has set targets for 2025 and 2030. The targets aim to reduce our operational footprint in line with our purpose to support household, business and financial practices that improve environmental sustainability.

2025 targets

85% reduction in carbon emissions

Our target is to, not only reduce our combined scope 1 and 2 emissions by 85% by 2025, but to extend our commitment to a further reduction to 90% by 2030 (against a 2015 base year). We aim to achieve these targets through the efficient consumption of energy within our buildings, including commercial offices, retail branches and data centres.

100% renewable electricity

In September 2019 we signed up to RE100, a global initiative driving the transition to 100% renewable electricity.

More information about RE100

40% reduction in water consumption*

As an Australian headquartered company, we are aware of the risks associated with drought and water scarcity. We focus on best practice in the design and operation of our commercial and retail facilities by installing eco-efficient water fittings such as low flow aerators on taps and dual flush toilets in our premises.

*against a 2017 baseline

40% reduction in waste to landfill*

We're seeking to minimise the amount of waste generated and reuse or recycle as much as possible. We'll achieve our target through a reduction in paper consumption and encouraging employees to recycle (e.g. donating used furniture and equipment to local organisations).

*against a 2017 baseline

70% reduction in paper consumption*

We're committed to minimising paper use in our offices and materials generated for our customers (e.g. statements and marketing materials). We'll achieve this through a number of initiatives, including encouraging customers to receive electronic communications and improving employee awareness of printing behaviours.

* against 2015 baseline

Energy use and carbon emissions

We seek to minimise the use of resources in our operations through the efficient consumption of energy within our buildings, including commercial offices, retail branches and data centres. We also encourage staff uptake of technology such as video conferencing to reduce emissions associated with travel.

To ensure we're meeting our emission reduction goal we have adopted a framework of:

regularly reviewing energy consumption within our operations;
developing a plan to reduce energy consumption;
funding and implementing energy efficiency opportunities; and
monitoring the outcomes of energy efficiency projects.

All efforts to reduce energy consumption across our operating portfolio will assist us in reducing our emissions footprint and achieving our greenhouse gas emissions reduction Target.

Managing our residual emissions

Our aim is to reduce emissions where possible, however, remaining emissions are offset in accordance with our certifications under the Australian Government's Climate Active Program and Toitū’s net Carbonzero Program. Our Australian operations have maintained a carbon-neutral certification under the Climate Active Carbon Neutral Standard for Organisations since 2010, and New Zealand operations have been certified under a net Carbonzero certification through Toitū Envirocare for the first time in 2023.

Further information is available below.

Case studies:

Reporting

2024 ANZ ESG Data and Frameworks Pack

Summarises our progress on key ESG metrics for financial year 2024 and incorporates our United Nations Guiding Principles Reporting Framework and Global Reporting Initiative Standards Content Index.

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