2022 Approach to Climate Change Investor Reference Pack
ANZ 2022 Approach to Climate Change Investor Reference Pack
BACKING CUSTOMER DECARBONISATION
Illustrative examples of customer pathways that align with our portfolio targets
Paris-aligned
targets set their
path
COMMERCIAL PROPERTY
"Property Company Corp."
In 2020: Disclosed Paris-aligned plans and decarbonisation strategy
By 2025/2030
• Low carbon fuel alternatives for machinery
• Require min. NABERS¹ 5-star energy rating on offices
Suppliers to reduce emissions from building materials
By 2040/2050: Reach net zero emissions
• All green leases for tenants
• Renewable energy tariffs
•
•
Zero operational emissions
Phased out diesel and gas
POWER GENERATION
"Energy Company Corp."
In 2020: Disclosed science-based GHG emissions intensity reduction
targets
Current emissions intensity 630kg CO2/MWh
By 2030: Reduce emissions by 50%
Target of 315kg CO2/MWh
From 2030 to 2040: Reduce emissions a further 50%
Target by 2040 of 158kg CO2/MWh
By 2050: Achieve net zero emissions
Examples of
Paris-aligned
investments
•
Company increasingly invests in:
.
•
Electric construction plants & equipment
Onsite renewable energy
Battery storage in buildings
Decarbonised heating and cooling infrastructure
To aid transition, company develops lower-emission base load
alternatives to coal fired generation which is being progressively
retired
Company increasingly invests in:
Large-scale renewables and energy infrastructure including wind
and solar farms
• Electricity storage technologies such as batteries and pumped
hydro (long duration storage)
1.
National Australian Built Environment Rating System
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