2022 Approach to Climate Change Investor Reference Pack

ANZ 2022 Approach to Climate Change Investor Reference Pack PROGRESS IN ALIGNING OUR LENDING TO THE PARIS GOALS • Our pathways, targets and reporting demonstrate how we are aligning our lending to the Paris Agreement goals We were the first Australian bank to join the Net-Zero Banking Alliance (NZBA) in 2021 and set emissions intensity pathways and targets - for power generation and large-scale commercial real estate. In doing so, we became one of 19 banks globally to set targets ahead of schedule We are on track to set 2030 targets for nine priority sectors - with six set as of today - aimed at ensuring at least 75% of our portfolio emissions are on a net zero pathway by end 2024 Other priority sectors are well progressed. Our direct exposure to thermal coal mining has reduced by ~83% since 2015; our exposure is now less than 0.02% of Group exposure at default (EAD). And we are on track to exit all direct lending to thermal coal mining1 well ahead of our 2030 target Our Climate Change Commitment sets out our "more finance for customers on the right path" targets, available at anz.com.au/about-us/esg/environmental-sustainability/climate-change/ We will back customers that have the right plans and commitments in place. Our disclosure is TCFD2-aligned and our target setting guided by the Partnership for Carbon Accounting Financials (PCAF) standard Our 2022 Climate-related Financial Disclosures report and Financed Emissions Methodology are available at anz.com.au/about- us/esg/reporting/ 1. Excluding some residual exposures to rehabilitation bonds as per our policy 2. Taskforce on Climate-related Financial Disclosures

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