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 Examples of Paris-aligned investments OIL AND GAS "Oil and Gas Company Corp!" In 2021: Announced intention to be a net zero energy company by 2050 or sooner (covering full life cycle of energy products) By 2030: Reduce absolute Scope 1 & 2 emissions by 50%; Reduce absolute Scope 3 emissions (use of sold product) by 40% • 80% reduction emissions in methane emissions • Eliminate routine gas flaring by 2025 By 2050: Aiming for net zero across operations, production and sales by 2050 or sooner Company increasingly invests in: • Minimizing methane leaks through a focus on leak detection and repair Avoidance of non-emergency flaring and venting Electrification of upstream operations • Diversifying portfolios into cleaner energy technologies such as renewable electricity, hydrogen, biofuels and biogases etc Capture and permanent storage of remaining emissions or balancing them with credible offsets • ALUMINIUM "Aluminium Company Corp!" In 2021: Disclosed science-based GHG emissions intensity reduction targets Current emissions intensity 6.0 tCO2-e/t aluminium By 2030: Reduce emissions intensity by 40% • Target of 3.6 tCO2/t aluminium By 2050: Achieve net zero emissions Company increasingly invests in: • Switching to renewable energy in conjunction with global trend towards grid decarbonisation • Research and development into low/no carbon anodes 17

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