2022 Approach to Climate Change Investor Reference Pack
ANZ 2022 Approach to Climate Change Investor Reference Pack
FINANCE TO BACK CUSTOMERS ON THE RIGHT PATH
New targets set for four carbon intensive sectors
We have set a new absolute emissions reduction target for oil and gas
Oil and Gas¹
NEW TARGET:
26% absolute emissions reduction by 2030
A variety of opportunities exist for the oil and gas sector to
reduce emissions across the value chain
A priority for oil and gas companies is to minimise methane
leaks through a focus on leak detection and repair
• Over time we will weight our financing to customers with
stronger emissions reduction targets and diversification
strategies
1.
Oil and Gas
Absolute Emissions (Mt CO2-e)
ANZ vs. target pathway
+7%
18
16
14
11
וו
12
10
80
6
4
2
0
2020
2025
2030
2035
2040
2045
2050
· Actual Performance
--
IEA Net Zero Emissions 2050 Pathway
--
- 2030 Target (-26%)
We measure the portfolio emissions for the oil and gas sector using an 'absolute emissions' approach. We assess financed emissions on an 'all products' basis. Refer to ANZ's Financed
Emissions Methodology for detail
>10% above the pathway
<10% above pathway
Below pathway
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