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Ground water Mass stabilisation and erosion control. |
Surface water. |
Food, Beverage and Agribusiness. |
Agriculture 31.5 16% H H VH VH H VH H VH VH VH. |
Beverages 4.0 2% H H H H M VH L VH. |
Paper and Forest Products 1.0 1% H H VH VH H VH VH VH VH VH. |
Packaged Foods and Meats 7.6 4% H M H M VH VH VH VH VH. |
Energy. |
Coal 0.9 0% H H VH VH H H H M H. |
Electric Utilities 13.5 7% H H VH VH H VH VH M H VH. |
Oil and Gas 15.5 8% H H VH VH H M H VH H H. |
Transport. |
Air Freight 3.1 2% H L L H M M. |
Automobiles 4.4 2% H H H H VL M H L H. |
Maritime Transportation 1.4 1% H H H H M M M M. |
Passenger Air 0.3 0% H H H H M H M M M. |
Rail Transportation 1.8 1% H L L H H M H M. |
Trucking Services 4.9 3% H H H H VL M M VL M. |
Materials and Buildings. |
Capital Goods 21.2 11% H H VH VH H M L M M M. |
Chemicals 3.5 2% H H VH H H L M H L H. |
Construction Materials 1.3 1% H M H VH VL M VH VH. |
Metals and Mining 8.0 4% H H VH VH H H H M H. |
Real Estate Management and Development 69.9 36% H M VH M H M VH M VH 193.8 1. Impact and Dependency rating data sourced from ENCORE. Impact rating from very high to very low has been assigned to each sub sector across each nature related issue. Exposure at default (EAD) represents the Group's exposure to each sector ba... |
Impacts on nature by sector1. |
Within the sectors assessed, water use and terrestrial ecosystem use are categorised as having the most material potential nature-related impacts that our customers have. Identifying sectorlevel impacts and dependencies enables us to engage in more meaningful conversations with these customers to better understand how ... |
The analysis identified that the metals and mining sector has ‘very high’ impact across water use, and terrestrial ecosystem use. While there are varying levels of progress, compliance with regulatory obligations has seen biodiversity outcomes as a focus for the mining sector for more than two decades. In general, some... |
No impact or dependency VL – Very low L – Low M – Medium H – High VH – Very high. |
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 28 |
Participation with industry groups to build our understanding. |
This year we participated in a pilot study of the TNFD framework’s application – focused on a particular sector – and provided feedback on the learnings and existing barriers to adopting and implementing the TNFD Framework in the Australian context.1 This work supported the Australian Government in providing feedback t... |
‘LEAP’ provides an approach for organisations to: locate interface with nature evaluate dependencies and impacts assess risks and opportunities prepare to respond. |
HIGHLIGHT. |
We have also joined the United Nations Principles for Responsible Banking (PRB) – Nature Target Setting Working Group – which is developing guidelines on nature target setting and considering how banks can contribute to the Global Biodiversity Framework. The aim is to create clear methodologies and approaches to assist... |
We welcome the establishment of the TNFD and have joined the TNFD Forum to support its work. We recognise their important role in driving widespread and improved disclosures of biodiversity impacts and dependencies. The TNFD’s recommendations were released in September 2023, including additional guidance for financial ... |
1. We acknowledge the Department of Climate Change, Energy, the Environment and Water for sponsoring the pilot study, which was facilitated by EY. |
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 29 |
PARTNERSHIPS AND INITIATIVES. |
We play a role in sharing research and insights, enabling cross-industry collaboration and supporting development and implementation of sustainable finance industry standards. |
Australian Sustainable Finance Institute. |
ANZ is a founding member of the Australian Sustainable Finance Institute (ASFI), which developed a roadmap to re-align Australia’s financial system to enable the transition to a more resilient and sustainable economy. The roadmap sets out 37 recommendations tackling a broad suite of challenges including climate change,... |
During 2023 the Australian Government committed to co-funding ASFI’s development of an Australian Sustainable Finance Taxonomy. The taxonomy will provide a common standard for green and transition finance in Australia, aimed at providing credibility and transparency to support capital flows into activities contributing... |
Toitū Tahua – Centre for Sustainable Finance. |
ANZ Bank New Zealand is a founding member of Toitū Tahua – the Centre for Sustainable Finance, established in July 2021 as an independently governed charitable trust to advance progress towards the Sustainable Finance Forum’s 2030 Roadmap for an equitable, inclusive and sustainable financial system. Throughout 2023, |
ANZ Bank New Zealand has continued to engage with key government, regulatory and industry stakeholders as part of our Toitū Tahua partnership, including through key roundtables and working groups on: the Sustainable Agriculture Finance Initiative (SAFI); financing climate and adaptation and long-term resilience; sustai... |
In June 2023, the inaugural Australia–New Zealand Climate & Finance Summit was held to support Trans-Tasman collaboration on sustainable finance and enable both countries to transition to lowemissions, climate-resilient economies. Toitū Tahua is working closely with the New Zealand government, the ASFI along with other... |
The Aotearoa Circle. |
ANZ Bank New Zealand is also a leading partner of The Aotearoa Circle, a voluntary initiative bringing together leaders from the public and private sectors to investigate the state of Aotearoa New Zealand’s natural resources, and to commit to priority actions that will restore Aotearoa’s natural capital for future gene... |
In 2023, ANZ Bank New Zealand took part in a cross-sector ‘bootcamp’ run by The Aotearoa Circle to explore the TNFD framework. A young ANZ leader also joined The Aotearoa Circle’s Rangatahi Advisory Panel (the RAP). |
The RAP has three main objectives: to hold to account The Aotearoa Circle's Guardians and the Leadership Groups of its workstreams, to provide learning and development for rangatahi (youth) employees of leading partners, and to advise leading partners on a key piece of their work each year. |
Pollination. |
In 2022, ANZ and climate and nature advisory and investment firm Pollination announced a strategic partnership. ANZ and Pollination intend to deliver innovative solutions and opportunities for customers in their efforts to transition to net zero and to improve nature outcomes. The partnership brings together ANZ’s capa... |
Amongst initiatives delivered this year, Pollination and ANZ developed a program to build Institutional banker capacity in nature and natural capital. This included growing their understanding of naturerelated risks and opportunities and developing tools to support bankers in engaging with customers on nature. See page... |
Thought leadership. |
Putting energy efficiency to work. |
This year ANZ and the Energy Efficiency Council (EEC)1 released Putting energy efficiency to work, a report highlighting the significant contribution energy efficiency and electrification can make to cutting energy bills and decarbonising the Australian economy. The report modelled how energy efficiency could deliver u... |
Energy efficiency and electrification are important to support improved social and environmental outcomes, and can also improve the financial wellbeing of Australians through reduced energy bills for households and businesses. |
The longstanding partnership between ANZ and the EEC aims to support customers and the community through the energy transition. |
“When you consider the bank’s purpose and what we care about most, it’s financial wellbeing and helping households and businesses move towards more sustainable practices. Energy efficiency ticks all of these boxes,” said Christina Tonkin, Corporate Finance Managing Director. |
Climate insights for business. |
This year ANZ Bank New Zealand extended its suite of sustainability insights papers, with two reports for the food and beverage sector. These explored trends in consumer preferences, and guidance for businesses in publicising their sustainability journey. ANZ Bank New Zealand also held three webinars for business custo... |
Overview. |
Governance. |
Strategy. |
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