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 emissions intensity reduction target for aluminium
Aluminium
GHG2 Intensity (tCO2-e/t aluminium)
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ANZ vs. target pathway
-4.8%
Aluminium¹
NEW TARGET:
30% emissions intensity reduction by 2030
The opportunity for decarbonisation for the aluminium sector
is significant and is focused on a switch to renewable energy
• Efforts to decarbonise the grid will be necessary for
decarbonisation of the aluminium sector
•
Our 2021 portfolio baseline of 8.30 tCO2/tonne aluminium is
below the 2021 global average of 10.29 tCO2/tonne aluminium
• Over time we will weight our lending to customers with
stronger emissions targets
10
8
6
4
2
0
2020
2025
2030
2035
2040
2045
2050
· Actual Performance
-- International Aluminium Institute 1.5 pathway
--
- 2030 Target (-30%)
Global average International Aluminium Institute 1.5 pathway
1.
2.
We measure the portfolio emissions in the aluminium sector on an 'emissions intensity' basis. Refer to ANZ's Financed Emissions Methodology for detail
Greenhouse gas emissions (GHG)
>10% above the pathway
<10% above pathway
11
●Below pathwayView entire presentation