ESG governance

The BRC oversees the implementation and operation of the Group’s Risk Management Framework, including climate risk, which was elevated to a material risk in November 2023.

In undertaking this role, the BRC is responsible for endorsing the Risk Appetite Statement. The Risk Appetite Statement sets out the Board’s expectations regarding the degree of risk (including climate risk) that the Group is prepared to accept in pursuit of its strategic objectives and business plan.

For further information on our approach to risk management, refer to our Annual Report. For more information on our approach to climate-related risks see our 2024 Climate-related Financial Disclosures.

The role of the Digital Business and Technology Committee is to assist the Board in the effective discharge of its responsibilities by providing oversight of the Group’s digital transformation, data, technology, technology-related innovation and information/cyber security strategies.

The Board is ultimately responsible for and oversees ANZ Group’s Performance and Remuneration Framework and its effective application throughout the ANZ Group. The People and Culture Committee’s role is to assist the Board in its oversight of the effective operation of the Performance and Remuneration Framework and other Talent and Culture matters.

For more information about Board Committees visit https://www.anz.com/corporate-governance. 

At management level, the Group Executive Committee comprises ANZ’s most senior executives. A delegations of authority framework outlines matters delegated from the Board to our Chief Executive Officer (CEO) and other members of senior management.

In addition, a number of formally established management committees deal with particular sets of ongoing issues.