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Assurance opinion. |
ANZ 2023 Climate-related Financial Disclosures 87 |
INDEPENDENT ASSURANCE REPORT TO THE DIRECTORS OF ANZ GROUP HOLDINGS LIMITED. |
Information Subject to Assurance. |
ANZ Group Holdings Limited (ANZ) engaged KPMG to perform a limited assurance engagement in relation to the ANZ 2023 Climate-related Financial Disclosures report, which is attached to this assurance report. |
KPMG’s scope of work comprised, as presented in the ANZ 2023 Climate-related Financial Disclosures report: i) limited assurance over all material narrative and data claims. This covers ANZ’s global operations for year ended 30 September 2023 unless otherwise indicated; ii) reasonable assurance over Global Scope 1 and 2... |
Criteria Used as the Basis of Reporting i) The ANZ 2023 Climate-related Financial Disclosures report is prepared in accordance with the: • Financial Stability Board’s Task Force on Climate-related Disclosures (TCFD) Implementing the Recommendations of the Task Force on Climate-related Financial Disclosures Annex 2017; ... |
ii),iii) The Global Scope 1, 2 and 3 GHG Emissions, are prepared in accordance with the World Resources Institute / World Business Council for Sustainable Development (WRI / WBCSD), The GHG Protocol Corporate Accounting and Reporting Standard, and Management’s basis of reporting, being the ANZ Greenhouse Gas Reporting ... |
Basis for Conclusions. |
We conducted our work in accordance with Australian Standard on Assurance Engagements ASAE 3000 (Standard). In accordance with the Standard we have: • Used our professional judgement to plan and perform the engagement to obtain limited assurance that we are not aware of any material misstatements in the ANZ 2023 Climat... |
Summary of Procedures Performed. |
Our assurance conclusion is based on the evidence obtained from performing the following procedures: i) Climate-related Financial Disclosures – limited assurance: • Enquiries with management responsible to understand the internal controls, governance structure and reporting process; • Interviews with management respons... |
Conclusion i) Climate-related Financial Disclosures – Limited Assurance. |
Based on the evidence we obtained from the procedures performed, we are not aware of any material misstatements in the ANZ 2023 Climate-related Financial Disclosures report, which has been prepared by ANZ in accordance with the Criteria for the year ended 30 September 2023. |
ii) GHG Emissions – Reasonable Assurance. |
In our opinion, in all material respects, ANZ’s reported Global Scope 1 and 2 GHG Emissions (location based) has been prepared in accordance with the Criteria for the year ended 30 June 2023. |
iii) GHG Emissions – Limited Assurance. |
Based on the evidence we obtained from the procedures performed, we are not aware of any material misstatements in ANZ’s reported Global Scope 3 GHG Emissions (location based) or Global Scope 1, 2 and 3 emissions (market based), which has been prepared in accordance with the Criteria for the ear ended 30 June 2023. |
2023 KPMG, an Australian partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. The KPMG name and logo are trademarks used under license by the independent member firms of ... |
Overview. |
Governance. |
Strategy. |
Risk Management. |
Metrics and Targets. |
Appendix. |
Assurance opinion. |
ANZ 2023 Climate-related Financial Disclosures 88 |
• Testing over the new NZBA sector decarbonisation targets (auto-manufacturing, aviation, shipping and thermal coal), and the existing pathways for cement, aluminium, steel, oil & gas, large scale commercial real estate and power generation sectors; • Testing over the new Residential Home Loans financed emissions basel... |
How the Standard Defines Limited Assurance, Reasonable Assurance and Material Misstatement. |
Reasonable assurance is a high level of assurance, but is not a guarantee that it will always detect a material misstatement when it exists. |
A limited assurance engagement is restricted primarily to enquiries and analytical procedures. The procedures performed in a limited assurance engagement vary in nature and timing from, and are less in extent than for a reasonable assurance engagement. Consequently the level of assurance obtained in a limited assurance... |
Misstatements, including omissions, are considered material if, individually or in the aggregate, they could reasonably be expected to influence relevant decisions of the Directors of ANZ. |
Use of this Assurance Report. |
This report has been prepared for the Directors of ANZ Group Holdings Limited for the purpose of providing an assurance conclusion on the ANZ 2023 Climate-related Financial Disclosures report and may not be suitable for another purpose. We disclaim any assumption of responsibility for any reliance on this report, to an... |
ANZ’s Responsibility. |
Management are responsible for: • determining that the Criteria is appropriate to meet their needs; • preparing and presenting the ANZ 2023 Climate-related Financial Disclosures report in accordance with the Criteria; and • establishing internal controls that enable the preparation and presentation of the ANZ 2023 Clim... |
Our Responsibility. |
Our responsibility is to perform limited and reasonable assurance work in relation to the ANZ 2023 Climate-related Financial Disclosures report for the year ended 30 September 2023 and 30 June 2023, and to issue an assurance report that includes our conclusion. |
Our Independence and Quality Management. |
We have complied with our independence and other relevant ethical requirements of the Code of Ethics for Professional Accountants (including Independence Standards) issued by the Australian Professional and Ethical Standards Board, and complied with the applicable requirements of Australian Standard on Quality Manageme... |
KPMG Adrian King Partner. |
KPMG Melbourne 10 November 2023 2023 KPMG, an Australian partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. The KPMG name and logo are trademarks used under license by ... |
Overview. |
Governance. |
Strategy. |
Risk Management. |
Metrics and Targets. |
Appendix. |
Assurance opinion. |
ANZ 2023 Climate-related Financial Disclosures 89 |
anz.com/esgreport. |
ANZ Group Holdings Limited (ANZ) ABN 16 659 510 791. |
9/833 Collins Street, Docklands Victoria 3008 Australia. |
ANZ’s colour blue is a trade mark of ANZ. |
9 Preface |
The world is experiencing unprecedented times. That also applies to our pension funds and their participants. The corona virus makes things we have previously taken for granted now seem unusual. In addition, our pension system is on the verge of getting thoroughly reformed. During this surreal period in time, APG wants... |
To be able to offer an attractive pension – now and later – we invest the participants’ pension premiums in a responsible way. |
This is how we fulfil our social responsibility. Our own research and countless scientific studies strengthen us in our conviction that sustainability does not come at the expense of the return on our investments. In fact, by including information about human rights, the environment and good corporate management in our... |
We want to report about this in an honest, open and realistic way in this report. APG manages € 538 billion of pension capital. As a big, worldwide pension investor, we are at the heart of society. A society that is not always clean and fair. As investors, we figuratively – and sometimes literally – have our feet in th... |
In this report, you can read how we do this. For example, by evaluating any company that we can invest in through shares or bonds, using criteria related to human rights, labor rights, the environment and business ethics. By voting at thousands of shareholder meetings and having conversations with hundreds of companies... |
We are convinced that we can accomplish the most through cooperation. Together with other large investors, we are putting pressure on the companies that emit the most carbon (Climate. |
Action 100+). In the Netherlands, we collaborate in the context of the covenant for International Socially Responsible. |
Investment (IMVB). And 2020 marks the official start of the SDI. |
Asset Owner Platform, which, in collaboration with PGGM, |
AustralianSuper and British Colombia Investment Management. |
Corporation, will make our knowledge and artificial intelligence- based technology available to other financial institutions that want to contribute to the Sustainable Development Goals. |
Our responsible investment policy, and those of the pension funds we work for, are getting national and international recognition. But that is no reason to become complacent. ABP introduced a new policy for sustainable and responsible investment in 2020 and other funds will be doing this next year. |
To support them in the execution of their policy in the best way possible, we are always looking for new insights and technologies. We always do this with one thing in mind: we invest pension funds for people. For civil servants, teachers, builders, housing corporation employees, our own employees and many others. We r... |
July 2020. |
Gerard van Olphen, chairman of the APG executive board. |
Ronald Wuijster, member of the APG executive board, responsible for Asset Management |
2019 in numbers |
Who we are |
Every single day, APG Group NV (hereinafter APG) works with something that millions of Dutch people will someday be dealing with or are already dealing with: pension. For APG, pension is about people, about living and about living together. |
We want to make a difference, so that we, our parents and our children will have a good income, both now and in the future. |
APG is the biggest pension administration company in the. |
Netherlands and even in Europe. We manage assets for four pension funds: ABP (government and education), bpfBOUW, |
SPW (housing corporations) and PPF APG (Personnel Pension. |
Fund). |
Our mission is: “Building your sustainable future together”. Our company focuses on maximizing pension value for our clients. |
APG has about 3,000 employees. We have two offices in. |
Amsterdam and one in Heerlen. Outside of the Netherlands, we have offices in Hong Kong and New York. We also have satellite offices in Brussels, Shanghai and Beijing. |
1 Our approach 9 1.1 Responsible investment and our mission 10 1.2 Concrete goals 10 1.3 Responsible investment choices 10 1.4 Compliance with national and international regulation 11 1.5 Progress in the implementation 11 1.6 Embedding in the organization 11 1.7 Our pension funds top sustainability ranking 11 2 Active ... |
APG Group NV | Annual Report 2019 Table of Contents |
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