2022 Approach to Climate Change Investor Reference Pack
ANZ 2022 Approach to Climate Change Investor Reference Pack
MANAGING CLIMATE RISK
Actively managing climate risk within our group risk management framework
The risks and the opportunities of climate change
•
Engaging with our largest emitting business customers on the work they're doing to transition to a low carbon future
.
Understanding significant reductions in the cost of energy
• Understanding how the transition to net zero emissions will impact global demand for natural resources and the flow-on effects to prices
•
Engaging with regulators and industry on climate-related policies and guidance for banks and financial institutions
Recent actions to actively manage climate risk
We continue to improve our management of climate risks through workstreams focused on regulatory monitoring, policy governance, risk appetite, data and analytics. This year
we focused on:
.
reviewing and assessing current and emerging regulatory requirements across the jurisdictions in which we operate;
⚫ refining our Risk Appetite Statements for Institutional and included climate risk in lending criteria documents in the Australia Retail, Commercial and New Zealand
portfolios; and
• participating in APRA's Climate Vulnerability Assessment
Our next steps involve:
•
developing a data strategy to help us identify and source reliable data to improve how we manage climate risks;
• ensuring we have a consistent approach to meet evolving regulatory requirements across the jurisdictions in which we operate; and
• extending our Climate Change Risk Assessment process to Institutional customers in higher emitting sectors including resources and energy – this is currently being piloted
in Project Finance.View entire presentation