Australian Housing Dynamics and Affordability
CLIMATE-RELATED FINANCIAL DISCLOSURES (TCFD)¹
Governance
Board Risk Committee oversees
management of climate-related
risks
Board Ethics, Environment, Social
and Governance Committee
oversees and approves climate-
related objectives, goals and
targets
Ethics and Responsible Business
Committee (executive
management) oversees our
approach to sustainability and
reviews climate-related risks
Strategy
Low carbon financial products and
services
Staff training on transition planning
Reducing our own operational
footprint
Focus on a 'just and orderly' low
carbon transition
UNEP FI² TCFD group that issued
recommendations on portfolio
transition and physical risks
• Analysis of flood-related risks for
home loan portfolio in a major
regional location of Australia
⚫ Flood-related analysis and test-pilot
of socio-economic indicators for
customer financial resilience
Risk Management
Climate-related risks identified as
potential credit risk
• Climate change risk added to Group
and Institutional Risk Appetite
Statements
Climate change identified as a
Principal Risk and Uncertainty in
our UK Disclosure and
Transparency Rules Submission
Guidelines and training provided to
1,000 of our Institutional bankers
on customer transition plans
Enhanced analysis and credit terms
applied to agricultural purchases in
certain regions
New agribusiness customers
assessed for climate resilience
Metrics & targets
29 engagements with large
emitting customers to establish
transition plans - targeting 100
customers by 2021
$19.1 billion funded and facilitated
in environmentally sustainable
solutions
Declining exposure to the most
carbon-intensive energy; thermal
coal mining exposures halved since
2015
100% renewable electricity for our
operations by 2025, with our
emissions targets aligned with Paris
Agreement goals
1. A Financial Stability Board Task Force released recommendations on financial disclosures in June 2017 to help investors better understand climate-related risks and opportunities. ANZ
supports the TCFD recommendations and is using them to guide its disclosures 2 United Nations Environmental Programme for Financial Institutions
ANZ
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