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Our Institutional Sustainable Finance team is helping our customers by encouraging them to identify climate and nature-related risks (including biodiversity loss) and opportunities. The team is financing and facilitating the deployment of capital into green, social and sustainability initiatives, for example where borr... |
Refer to page 16. |
We are supporting our Commercial customers to invest in improvements in their energy efficiency through our Energy Efficient Asset Finance Program provided jointly with the Clean Energy Finance Corporation (CEFC) |
Refer to page 18. |
Our New Zealand business is supporting smaller business and retail customers to implement sustainable initiatives. |
Refer to page 19 $ |
We also support our customers’ sustainability ambitions through unlabelled financing products and services, such as relationship lending, project and export finance, asset finance, loan syndication, advisory and markets solutions. |
Refer to page 17. |
CO2. |
Our Environmental Markets team is building capability to help customers by facilitating access to the carbon credit ecosystem, connecting demand, supply and trading of carbon credits. |
Refer to page 18. |
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 15 |
FINANCING SUSTAINABILITY 1. Labelled sustainable finance is existing banking products with a specific sustainability related label. 2. Refer to the Orange Bond Principles for further information. 3. Of the 111 sustainable finance deals we participated in, $7.9 billion was attributed to ANZ via our distribution capabili... |
Sustainable finance total deal size over time ($b) 140 160 180 2020 2021 2022 2023 120 100 80 60 40 20 0 |
59 119 155 144 $30 billion (25 deals) from Diversifed Industries $29 billion (11 deals) from Food, Beverages and Agriculture $39 billion (38 deals) from Financial Institutions Group $7 billion (16 deals) from Property and Health $38 billion (21 deals) from Resources, Energy and Infrastructure. |
Total deal size $144 billion4. |
During 2023. |
We participated in 111 sustainable finance deals with a total deal size of $144 billion,3 compared to 127 deals with a total deal size of $155 billion in 2022: $112B (53 deals) from International $22B (35 deals) from Australia $10 B (23 deals) from New Zealand. |
Sustainable Finance. |
ANZ’s Sustainable Finance team in Institutional is helping our customers by: encouraging them to identify climate and nature-related risks (including biodiversity loss) and opportunities, and financing their transition plans and sustainability strategies. |
Customer demand for labelled sustainable finance1 products and services remained sound this year. Our customers continue to seek labelled sustainable finance which aligns with their sustainability objectives as they shift to low-carbon business models and direct capital into measures aimed at responding to environmenta... |
As the sustainable finance market evolves and the market’s initial focus on climate broadens to encompass other themes, there is further development in financing formats. Following the establishment of the Orange Bond Principles, ANZ led the market’s inaugural, orange-labelled bond aimed to mobilise gender-lens investi... |
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 16 |
We are focused on continuing to identify opportunities to support our customers’ path to net zero emissions and enhance their resilience to a changing climate. Some examples of labelled products we provide include: |
Green, Social and Sustainability Loans. |
Lending to deploy capital into green, social and sustainability initiatives, where borrowers are required to use the proceeds of the loan to invest in qualifying green and/or social assets. |
HIGHLIGHT. |
SK Battery America Incorporated. |
In June 2023, ANZ participated in a US$280 million syndicated green loan for SK Battery America Inc. Proceeds of the loan will be used for refinancing and capital expenditure for the borrower’s electric vehicle battery plant. The borrower is part of South Korean group SK On, which is focused on manufacturing electric v... |
Sustainability-Linked Loans. |
Lending which incentivises the borrower’s achievement of ambitious, predetermined sustainability-related performance targets. |
HIGHLIGHT. |
Wellington International Airport Limited. |
Wellington International Airport Limited (“WIAL”) announced the successful conversion of NZ$100 million of existing bank facilities into sustainabilitylinked loans in March 2023, creating direct financial incentives by aligning lower interest rates with meeting agreed sustainability targets. This is the first step in W... |
HIGHLIGHT. |
KMD Brands Limited. |
KMD Group refinanced its syndicated debt facilities into NZ$310 million equivalent sustainability-linked facilities, including guarantee lines in May 2023. The facilities featured updated sustainability targets of the KMD Group including reducing greenhouse gas emissions, continued B Corp certification, and improving t... |
ESG-format bonds. |
Distribution of capital into green, social and sustainability initiatives, e.g. green buildings, renewable energy or where bond terms are linked to improved performance against predetermined sustainability performance targets. |
HIGHLIGHT. |
Meridian. |
In March 2023, ANZ acted as Sole Green Bond Coordinator, Joint Arranger and Joint Lead Manager for Meridian’s inaugural NZ$200m green bond issue. The proceeds of the bond will be allocated to finance or refinance sustainable projects and assets such as new or existing renewable energy projects or assets. |
HIGHLIGHT. |
Impact Investment Exchange IIX. |
In December 2022, ANZ led the inaugural US$50 million four-year Women’s Livelihood Bond for Impact Investment Exchange (IIX), the world’s first sustainable debt issued under the Orange Bond Principles which aims to mobilise gender-lens investing under an orange-labelled asset class. |
The structure securitises a portfolio of loans to enterprises that are deemed to have a positive impact on women’s livelihood and may not have access to international capital markets. The Bond’s proceeds are intended to support approximately 280,000-300,000 women across Asia and Africa to transition to more sustainable... |
The Women’s Livelihood Bond Series leverages innovative financial instruments to advance gender equality at scale. ANZ has been involved in all five bond issuances totalling more than US$120 million. |
Supporting customers’ sustainability ambitions. |
We also support our customers’ sustainability ambitions through unlabelled financing products and services. |
‘Unlabelled’ refers to our existing banking products and services where no specific sustainability related label is applied. In our Institutional business, some examples of ways in which we support our customers are: providing relationship or structured lending or other banking solutions to customers to finance or faci... |
Recent examples of unlabelled transactions include: |
HIGHLIGHT. |
CIMIC Group Limited. |
In March 2023, ANZ acted as joint mandated lead arranger in the construction financing for the Glenrowan Solar Farm – the first renewables project sponsored by Pacific Partnerships, a subsidiary of CIMIC Group Limited. |
The solar farm is located in the township of Glenrowan in Victoria’s Central North Renewable Energy Zone. The project has a long-term, 10-year power purchase agreement with the Victorian Government, which will assist the State in achieving its legislated renewable energy targets of 40 per cent by 2025 and 50 per cent b... |
Supporting transactions like this aligns with our Environmental Sustainability Strategy and contributes towards our $100 billion social and environmental sustainability target. |
Overview. |
Governance. |
Strategy. |
Our purpose and strategy. |
Our climate ambition. |
Supporting our customers to transition. |
Financing sustainability $100b target performance. |
Building capability. |
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