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Table 9 – Key design choices in setting the Data Coverage target: |
Data Seek the disclosure of Scope 1 and 2 emissions at a standard equivalent to the ‘Australian National Greenhouse Account Factors’3 by 100% of relevant LIAC’s4 by the end of financial year 2027. |
ANZ Customers Included. |
Companies that own or operate companies across the entire value chain including: • Farm input providers (e.g., fertiliser) • Producers (e.g., beef, lamb, grain, poultry, aquaculture) • Processors (e.g., bulk-handlers, meat processors) • Retailers (e.g. supermarkets) • Quick-service restaurants (large fast food chains) |
Key External Data Sources • Customer public disclosure • National Greenhouse and Emission Reporting • National Greenhouse Account Factors. |
ANZ’s LIAC Data Coverage Target will support our customers as they prepare for the Australian Government’s proposed mandatory Climate-related Financial Disclosures regime. |
We will support our customers through ongoing engagement to understand their transition plans, emissions reduction targets and how we can assist customers to transition to net zero. As of 30 September 2023, 72% of our Large Institutional Agribusiness Customers are disclosing Scope 1 and 2 emissions and 41% are doing so... |
Agriculture: The practice of cultivating the soil, growing crops, or raising livestock for human use, including the production of food, feed, fibre, fuel, or other useful products. Also known as farming.6. |
Agribusiness: Large-scale, industrialised agriculture controlled by corporations, which includes all of the operations involved in the production, storage, processing, distribution, and wholesale marketing of farm products.7 1. DAFF – Global Responses to Climate Change. 2. Consists of our Australian Institutional Food,... |
The information in this section should be read together with our disclaimer and important notices available here and our Financed Emissions Methodology available here. |
Overview. |
Governance. |
Strategy. |
Risk Management. |
Metrics and Targets. |
Sectoral metrics and targets. |
Sector exposures. |
Our approach to sectoral pathways. |
Pathways performance dashboard. |
Energy sector. |
Transport sector. |
Manufacturing sector. |
Buildings sector. |
Large Institutional Agribusiness Customers. |
Total lending portfolio. |
Appendix. |
Assurance opinion. |
ANZ 2023 Climate-related Financial Disclosures 75 |
TOTAL LENDING PORTFOLIO. |
This year, we have conducted an initial analysis to understand the size of financed emissions1 within our total lending portfolio in Australia.2. |
The analysis shows that from 2019 to 2021, our estimated total financed emissions in Australia decreased from 13.4 to 11.9 MtCO₂-e, despite a notable increase in 2020, primarily attributable to increased outstanding lending to the mining sector. A similar trend can be observed in the percentage of Australia’s national ... |
Time lags involved in compiling national greenhouse gas emissions inventories meant that the most recent data accessible at the time of analysis was from the year 2021, and so this is the most recent year for which we have calculated our total lending Portfolio emissions. |
The information in this section should be read together with our disclaimer and important notices available here and our Financed Emissions Methodology available here. |
14 15 13 12 11 10 2.9% 3.0% 2.8% 2.7% 2.6% 2.5% |
ANZ fnanced emissions % of Australian emissions fnanced by ANZ 2019 13.4 2020 14.1 2021 11.9 2.86% 2.56% 2.65% |
MtCO2-e. |
Graph 10.1 – ANZ financed emissions in Australia 35 40 30 15 20 25 5 |
10 0 |
2019 34.9 2020 35.9 2021 30.1. |
Graph 10.2 – ANZ financed emissions intensity in Australia (tCO₂-e/A$m lent) 1. Includes Scope 1 only. 2. For the purpose of this metric, our total lending portfolio covers lending to the Australian economy, including industry and business, and residential sectors, as identified by the Reserve Bank of Australia. 3. Out... |
ANZ OUTSTANDING LENDING3 ($BN) FINANCED EMISSIONS ABSOLUTE (MTCO₂-E) % AUSTRALIA EMISSIONS FINANCED EMISSIONS INTENSITY (TCO₂-E/$M LENT) |
Sector 2019 2020 2021 2019 2020 2021 2019 2020 2021 2019 2020 2021. |
Agriculture 10.4 11.6 12.6 1.1 1.2 1.0 1.3% 1.4% 1.4% 104.6 102.7 82.6. |
Mining 2.9 3.5 2.5 2.1 3.0 1.7 2.0% 2.8% 1.7% 723.3 835.7 684.2. |
Manufacturing 6.3 5.8 5.9 1.9 2.3 2.2 3.3% 4.1% 3.7% 309.3 402.5 364.8. |
Utilities 3.3 3.2 3.5 5.4 4.8 4.6 2.9% 2.7% 2.8% 1,641.2 1,478.2 1,306.0. |
Construction 4.1 4.1 4.0 0.2 0.2 0.2 1.4% 1.4% 1.4% 44.6 44.5 43.4. |
Commercial Services 104.0 100.1 100.0 0.5 0.3 0.2 4.3% 4.2% 4.0% 5.2 3.1 1.5. |
Transport and Storage 6.6 7.2 7.0 1.6 1.8 1.6 5.1% 6.1% 5.8% 247.2 254.3 229.8. |
Residential 246.4 257.2 260.4 0.5 0.5 0.4 3.7% 3.6% 2.9% 2.1 2.0 1.6. |
Total 383.9 392.8 396.1 13.4 14.1 11.9 2.7% 2.9% 2.6% 34.9 35.9 30.1. |
Overview. |
Governance. |
Strategy. |
Risk Management. |
Metrics and Targets. |
Sectoral metrics and targets. |
Sector exposures. |
Our approach to sectoral pathways. |
Pathways performance dashboard. |
Energy sector. |
Transport sector. |
Manufacturing sector. |
Buildings sector. |
Large Institutional Agribusiness Customers. |
Total lending portfolio. |
Appendix. |
Assurance opinion. |
ANZ 2023 Climate-related Financial Disclosures 76 |
Our financed emissions in Australia are largely concentrated in four higher-emitting sectors: Utilities, Manufacturing, Transport and Storage, and Mining, which together account for 85% of our financed emissions in 2021. These four sectors made up about 5% of our total lending portfolio in Australia. |
We recognise that the decarbonisation of these sectors is key to achieving our net zero. In line with our NZBA commitment, we are progressively setting Paris-aligned pathways and targets for these sectors – see page 43. Additionally, many of the larger emitters in the sectors for which we have developed targets are cov... |
The data used for this analysis was sourced from Australia’s National Greenhouse Accounts (ANGA), Reserve Bank of Australia (RBA), Australian Prudential Regulation Authority (APRA) as well as other external and internal sources. Due to data constraints, the basis for the calculation is ‘outstanding lending’1 which is d... |
Commercial Services. |
Construction. |
Mining. |
Agriculture. |
Residential. |
Transport and Storage. |
Utilities. |
Manufacturing 1% 25% 1% 1% 1% 2% |
Total deals $37.4 million. |
Total $396.1 billion 66% 3% |
Graph 10.4 – ANZ outstanding lending in Australia ($bn) |
Commercial Services. |
Construction. |
Mining. |
Agriculture. |
Residential. |
Transport and Storage. |
Utilities. |
Manufacturing 14% 9% 18% 14% 1% 2% 3% 39% |
Total 11.9. |
Graph 10.3 – 2021 ANZ financed emissions absolute (Scope 1) in Australia – MtCO₂-e 1. Outstanding lending is the drawn amount of committed loans. Unlike EAD, it does not include the undrawn amount or off-balance sheet exposures. |
TOTAL LENDING PORTFOLIO (CONTINUED) |
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