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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 77
APPENDIX 1 TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES (TCFD) INDEX.
TCFD Category TCFD Disclosure Recommendation ANZ response – page.
Governance.
Disclose the organisation’s governance around climaterelated risks and opportunities.
a. Describe the board’s oversight of climate-related risks and opportunities. Pages 8-11 b. Describe management’s role in assessing and managing climate-related risks and opportunities. Pages 8-11.
Strategy.
Disclose the actual and potential impacts of climaterelated risks and opportunities on the organisation’s businesses, strategy, and financial planning where such information is material.
a. Describe the climate-related risks and opportunities the organisation has identified over the short, medium, and long term. Pages 12-20, 22-24, 30, 34-35 b. Describe the impact of climate-related risks and opportunities on the organisation’s businesses, strategy, and financial planning. Pages 12-20, 22-24, 30, 34-42...
Risk Management.
Disclose how the organisation identifies, assesses, and manages climate-related risks.
a. Describe the organisation’s processes for identifying and assessing climate-related risks. Pages 34-42 b. Describe the organisation’s processes for managing climate-related risks. Pages 36-42 c. Describe how processes for identifying, assessing, and managing climate-related risks are integrated into the organisation...
Metrics and Targets.
Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material.
a. Disclose the metrics used by the organisation to assess climate-related risks and opportunities in line with its strategy and risk management process. Pages 43-77, 80-86 b. Disclose Scope 1, Scope 2 and, if appropriate, Scope 3 greenhouse gas (GHG) emissions and the related risks. Pages 31-32, 43-77, 80-86 c. Descri...
Overview.
Governance.
Strategy.
Risk Management.
Metrics and Targets.
Appendix.
TCFD Index.
TNFD Index.
Portfolio financed emissions pathways and targets.
Our ESG targets.
Financing sustainability.
Environmental footprint.
Glossary of abbreviations.
Assurance opinion.
ANZ 2023 Climate-related Financial Disclosures 78
APPENDIX 2 TASKFORCE ON NATURE-RELATED FINANCIAL DISCLOSURES (TNFD) INDEX.
With the release of the Taskforce on Nature-related Financial Disclosures (TNFD) framework in September 2023 – this year we are taking steps towards the TNFD’s recommendations to help inform our disclosures. We have included references to where these disclosures are located below. Our disclosures do not purport to be c...
TNFD Category TNFD Recommended Disclosures ANZ response – page.
Governance.
Disclose the organisation’s governance of nature-related dependencies, impacts, risks and opportunities.
a. Describe the board’s oversight of nature-related dependencies, impacts, risks and opportunities. Page 11 b. Describe management’s role in assessing and managing nature-related dependencies, impacts, risks and opportunities. Pages 11, 34-35 and 37 c. Describe the organisation’s human rights policies and engagement ac...
Working towards – see our Climate Change Commitment available at anz.com.au/about-us/esg/environmentalsustainability/climate-change/
Strategy.
Disclose the effects of naturerelated dependencies, impacts, risks and opportunities on the organisation’s business model, strategy and financial planning where such information is material.
a. Describe the nature-related dependencies, impacts, risks and opportunities the organisation has identified over the short, medium and long term. Working towards – see pages 25-26 b. Describe the effect nature-related dependencies, impacts, risks and opportunities have had on the organisation’s business model, value ...
Risk Management.
Describe the processes used by the organisation to identify, assess, prioritise and monitor nature-related dependencies, impacts, risks and opportunities.
a. (i) Describe the organisation’s processes for identifying, assessing and prioritising nature-related dependencies, impacts, risks and opportunities in its direct operations. We seek to disclose this in future a. (ii) Describe the organisation’s processes for identifying, assessing and prioritising nature-related dep...
Metrics and Targets.
Disclose the metrics and targets used to assess and manage material nature-related dependencies, impacts, risks and opportunities.
a. Disclose the metrics used by the organisation to assess and manage material nature-related risks and opportunities in line with its strategy and risk management process. We seek to disclose metrics in future b. Disclose the metrics used by the organisation to assess and manage dependencies and impacts on nature. We ...
Overview.
Governance.
Strategy.
Risk Management.
Metrics and Targets.
Appendix.
TCFD Index.
TNFD Index.
Portfolio financed emissions pathways and targets.
Our ESG targets.
Financing sustainability.
Environmental footprint.
Glossary of abbreviations.
Assurance opinion.
ANZ 2023 Climate-related Financial Disclosures 79
APPENDIX 3 ANZ’S CLIMATE TARGETS – PORTFOLIO FINANCED EMISSIONS PATHWAYS AND TARGETS.
Targets Metric Performance Exposure as at Sept 30 2023.
Target reduction2 2030 Scope inclusion Year Baseline year performance 2023 % change from baseline % change from pathway EAD ($bn) % Group EAD.
Energy 1. Power generation 50% 113 Intensity kgCO₂-e /MWh 1 2020 225 169 -25% -12% 9.35 0.80% 2. Oil and gas 26% 9.4 Absolute Mt CO₂-e 1, 2, 3 2020 12.7 8.9 -30% -25% 6.67 0.57% 3. Thermal coal (new) 100% 0 Absolute Mt CO₂-e 1, 2, 3 2020 9.10 0.39 -96% -94% 0.08 0.01%
Transport (new) 4a. Auto manufacturing 28% 99 Intensity gCO₂-e /vkm 3 2022 137 128 -7% -5% 1.91 0.16% 4b. Aviation 30% 720 Intensity gCO₂-e /RTK 1, 3 2019 902 828 -8% -9% 2.04 0.18% 4c. Shipping 10% 0.43 Absolute Mt CO₂-e 1, 3 2022 0.48 0.42 -14% -12% 1.24 0.11%
Manufacturing 5. Aluminium 30% 5.79 Intensity tCO₂-e/t aluminium 1, 2 2021 8.30 8.73 +5% +13% 0.68 0.06% 6. Cement 20% 0.49 Intensity tCO₂-e/t cement3 1, 2 2021 0.61 0.57 -7% -2.8% 0.31 0.03% 7. Steel 28% 1.36 Intensity tCO₂-e/t steel 1, 2 2021 1.90 1.93 +1.6% +8.5% 1.22 0.10%
Buildings 8a. Large-scale commercial real estate1 60% Shopping centres: 35.90.
Office buildings: 32.09.
Intensity kgCO₂-e/NLA 1, 2, 3 2019 Shopping centres: 89.75.
Office buildings: 80.21.
Shopping centres: 65.71.
Office buildings: 49.56.
Shopping centres: -27%
Office buildings: -38%
Shopping centres: -12%
Office buildings: -26%