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Overview.
Governance.
Strategy.
Our purpose and strategy.
Our climate ambition.
Supporting our customers to transition.
Financing sustainability $100b target performance.
Building capability.
Customer engagement.
Biodiversity.
Partnerships and initiatives.
Reducing our environmental footprint.
Risk Management.
Metrics and Targets.
Appendix.
Assurance opinion.
ANZ 2023 Climate-related Financial Disclosures 12
To be the leading Australia- and New Zealand-based bank in supporting customers to transition to net zero by 2050.
The opportunity.
The pathway to net zero emissions presents significant financing opportunities. ANZ has an opportunity to assist customers as they invest in new capabilities, technologies, and assets, provide lower emissions energy and power, nature positive solutions, or adapt to a less carbon intensive economy.
Our key focus areas to achieve our net zero ambition.
Our climate change commitment.
Provides the framework to achieve our strategy of transitioning our lending in line with goals of the Paris Agreement.
Support our customers to transition.
Transition our lending in line with the goals of the Paris Agreement.
Engage constructively and transparently with stakeholders.
Reduce emissions from our operations.
ANZ’S CLIMATE AMBITION.
FACILITATED BY…
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 for clean energy and transport, sustainable food production and resilient infrastructure.1.
Our Climate Change Commitment provides the framework to achieve our strategy of transitioning our lending in line with the goals of the Paris Agreement. We joined the Net-Zero Banking Alliance (NZBA) in 2021, reflecting that commitment and setting pathways2 to support customers’ emissions reductions.
Our Environmental Sustainability Strategy identifies focus areas, technologies and financing opportunities to help achieve our climate ambition.
The most important role we can play in the transition to net zero is to support our customers reduce emissions and enhance their resilience to a changing climate. We support an orderly transition that recognises and responds to social impacts. This aligns with our purpose to shape a world where people and communities t...
The following sections identify opportunities and report on progress against our key focus areas relating to our climate ambition.
Our full Climate Change Commitment is available here.
1. The economic transformation: What would change in the netzero transition, McKinsey & Company, January 2022. 2. Our sectoral pathways are how we are, over time, steering up to nine of our highest emitting sectors in our lending portfolio towards the Paris Agreement goals as part of our commitment to the NZBA.
Our Environmental Sustainability Strategy Our risk management approach Our 'sensitive sector' Requirements.
Industry and product expertise Progressively deepening our staff’s understanding of climate risks and opportunities Developing the right internal culture and mindset.
Targets and pathways Customer engagement Strategic partnerships.
Overview.
Governance.
Strategy.
Our purpose and strategy.
Our climate ambition.
Supporting our customers to transition.
Financing sustainability $100b target performance.
Building capability.
Customer engagement.
Biodiversity.
Partnerships and initiatives.
Reducing our environmental footprint.
Risk Management.
Metrics and Targets.
Appendix.
Assurance opinion.
ANZ 2023 Climate-related Financial Disclosures 13
ANZ has an opportunity to assist customers as they invest in new capabilities, technologies and assets, provide lower emissions energy and power, nature positive solutions, or adapt to a less carbon intensive economy. Examples of how we are directing our finance into key focus areas this year include:
ANZ acted as a Mandated Lead Arranger in the US$1 billion syndicated debt facilities for Talison Lithium Pty Ltd’s Greenbushes lithium mine, located in Western Australia, in October 2022. Lithium is a critical ingredient for electric vehicle batteries and other battery storage solutions.
ANZ acted as Joint Sustainability Coordinator, Mandated Lead Arranger, Underwriter, Bookrunner, and Facility Agent for a $340 million and US$75 million syndicated sustainability-linked loan in February 2023 for a subsidiary of Frasers Property Limited, a Singapore headquartered multinational real estate company across ...
Van Lier Nurseries is a family-owned business in West Auckland, growing flowers and indoor plants in large glasshouses. In 2023 ANZ Bank New Zealand , through the Business Green Loan and along with other external finance providers, supported Van Lier’s investment in a low carbon alternative to heating by replacing the ...
In June 2023 ANZ supported the Western Australian Treasury Corporation with the issuance of its first green bond, a $1.9 billion ten-year transaction. The terms provide that the proceeds of the green bond will be used to fund eligible projects including: the expansion of the electrified public transport rail network, a...
Eligible projects are governed by the issuer’s Sustainability Bond Framework which supports the Western Australian Government’s commitment to delivering its environmental and social objectives. ANZ acted as Joint Lead Manager and Joint Sustainability Bond Coordinator.
Tilt Renewables, one of Australia’s largest renewable energy generator, refinanced and increased their syndicated debt facility to $2.6 billion. The refinancing included the accession of Coopers Gap Wind Farm into the Tilt Renewables portfolio. Coopers Gap Wind Farm has 123 turbines and is one of the largest operationa...
ANZ provided a $40 million secured loan facility to a subsidiary of listed transport provider and tourism operator, the Kelsian Group Limited in August 2023 for the procurement of zero emission electric buses. The buses support Kelsian’s contribution to NSW’s zero emissions bus commitment, which is expected to see the ...
ANZ has chosen some key focus areas as part of our Environmental Sustainability Strategy:
Supporting sustainability in resource extraction,1 basic materials2 and new technologies3.
Increasing our support for the transition to low carbon.
Offering solutions to, and partnering with, sustainability-focused financial institutions.
Banking the decarbonisation and electrification of the transportation value chain.
Enabling the transition through lower emissions buildings.
Assisting sustainable food, beverage & agricultural practices and supply chains.
Providing the products and services required for transition to a low carbon economy.
SUPPORTING OUR CUSTOMERS TO TRANSITION 1. Supporting sustainable resource extraction in areas such as iron ore, lithium, nickel, cobalt, rare earths, copper and bauxite. 2. Supporting basic materials production including green steel and low-carbon aluminium production. 3. Supporting new technology projects focused on u...
Overview.
Governance.
Strategy.
Our purpose and strategy.
Our climate ambition.
Supporting our customers to transition.
Financing sustainability $100b target performance.
Building capability.
Customer engagement.
Biodiversity.
Partnerships and initiatives.
Reducing our environmental footprint.
Risk Management.
Metrics and Targets.
Appendix.
Assurance opinion.
ANZ 2023 Climate-related Financial Disclosures 14
SUPPORTING OUR CUSTOMERS TO SHIFT TO LOW CARBON BUSINESS MODELS AND OPERATIONS.
ANZ is supporting our customers’ transition to net zero and nature positive outcomes, including through the following labelled and other financing products and services: ¢
$