2022 Approach to Climate Change Investor Reference Pack slide image

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 10
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