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Not Assessed4 8b. Residential home loans (new)
Baseline set, no target Intensity tCO₂-e/dwelling 1, 2 2023 4.44 N/A N/A N/A N/A N/A.
Exposure as at Sept 30 2023.
Coverage target Date Scope inclusion Year Baseline year performance EAD ($bn) % Group EAD.
Other 9. Large Institutional Agribusiness Customers (new) 100% of LIAC customers5 30 Sept 2027 NGA standard or equivalent e.g. audited emissions disclosure 1, 2 2023 59% 4.59 0.39% 1. 2022 performance against target (not updated in 2023). Please refer to page 69 for further detail. 2. See sectoral pathways (pages 49 to...
>10% above the pathway <10% above pathway Below pathway.
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 80
Targets Performance Status Related UN SDGs.
Fund and facilitate at least $100 billion by end of 2030 in social and environmental outcomes through customer activities and direct investments. This includes initiatives that help lower carbon emissions, protect nature and biodiversity, increase access to affordable housing and promote financial wellbeing.
Since 1 April 2023, we have funded and facilitated approximately $8.8 billion, across 54 transactions, of which $4.1 billion is funded and $4.7 billion is facilitated.
On 31 March 2023 ANZ concluded its $50 billion by 2025 sustainable solutions target. We had funded and facilitated close to $47.01 billion across 387 transactions and were forecast to meet our $50 billion target well in advance of 2025.
Revised during 2023.
Engage with 100 of our largest emitting business customers to encourage them to, by end 2024: • strengthen their low carbon transition plans so that more customers achieve a ‘well developed’ or ‘advanced’ rating; and • enhance their efforts to protect biodiversity.
• We re-engaged with all 100 customers on their low carbon transition plans and efforts to protect biodiversity this year.
• 64 customers now have ‘well developed’ or 'advanced' plans versus 42 in September 2021.
• We prioritised engagement with ‘underdeveloped / starting out’ and ‘no public plans’ rated customers (those with less developed or no public plans) to seek improvements in their plans. Seven customers have improved from ‘no public plans’ to ‘underdeveloped / starting out’ in 2023.
• For biodiversity, 54 customers have targets, policies or strategies in place to protect biodiversity, with 61 making disclosures of their efforts to protect biodiversity.
• We are revising this target with a new phase of engagement with our largest emitting business customers commencing in 2024 triggered, in part, by the Safeguard Mechanism in Australia.
Revised for 2024.
APPENDIX 4 2023 ESG TARGETS THAT CONTRIBUTE TOWARDS CLIMATE OUTCOMES PERFORMANCE SUMMARY 1. This number is a restatement from our 2023 half year unaudited disclosures made on 5 May 2023. The $50 billion target was closed after reaching $47.09 billion; the closing audited balance has since been confirmed as $46.99 billi...
For more information on our full suite of ESG targets, including performance and targets for 2024, see our 2023 ESG Supplement at anz.com/esgreport.
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 81
Targets Performance Status Related UN SDGs.
Improve the management of climate change risks through the following activities by end 2023: • preparing a set of risk standards based on regulatory obligations, to be applied across all countries and territories where ANZ operates; • We engaged an external provider to undertake an assessment comparing regulatory expec...
• extending our Climate Change Risk Assessment (CCRA) methodology beyond our Project Finance business, starting with Institutional customers in higher emitting sectors such as resources and energy; • The CCRA has been digitised and integrated into our credit risk assessment process via our Online Customer Profile platf...
• The CCRA is being expanded beyond our Project Finance business starting with Institutional energy sector customers subject to the enhanced due diligence process and customers in our Large Emitters Engagement Program.
• The CCRA will continue to be rolled out to Institutional customers in a phased approach across 2024 and 2025.
• developing a data strategy to inform our approach to sourcing and integrating climate data into sectoral transition pathways, scenario analysis, stress testing and analytics. This will include lessons learned from the New Zealand climate risk program.
• An Environmental Sustainability (ES) data strategy has been developed and endorsed by Data Prioritisation Forum members.
• We expect the data strategy will help us to develop a more coordinated, centralised approach to climate data that can be shared across divisions and jurisdictions in which we operate.
Reduce the direct impact of our business activities on the environment1 by: • Reducing Scope 1 and 2 emissions by 85% by 2025 and 90% by 2030 (against 2015 baseline); Scope 1 and 2 emissions have decreased by 80% since 2015 Revised for 2024 • Increasing renewable electricity to 100% by 20252; 49% of electricity consump...
APPENDIX 4 – 2023 ESG TARGETS THAT CONTRIBUTE TOWARDS CLIMATE OUTCOMES PERFORMANCE SUMMARY (CONTINUED) 1. Environmental reporting year is 1 July – 30 June, in line with the Australian regulatory reporting year. 2. Self-generated renewable electricity, direct procurement from offsite grid connected generators e.g. Power...
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 82
TARGETS MATERIAL ISSUES RELATED UN SDGS.
Revised during 2023 and for 2024.
Fund and facilitate at least $100 billion by end 2030, including $15 billion by end 2024, in social and environmental outcomes through customer activities and direct investments by ANZ. This includes initiatives that help lower carbon emissions, protect nature and biodiversity, increase access to affordable housing and...
$
Environmental sustainability Financial wellbeing Housing $
APPENDIX 5 ESG TARGETS FOR 2024 THAT CONTRIBUTE TOWARDS CLIMATE OUTCOMES.
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.