2022 Approach to Climate Change Investor Reference Pack
ANZ 2022 Approach to Climate Change Investor Reference Pack
ACCELERATING OUR APPROACH FOR THE TRANSITION TO NET ZERO
Today we are accelerating our support for the transition to net zero:
We have set a new $100 billion by 2030 sustainable solutions target to back our customers lowering their carbon emissions
and achieving improved sustainability outcomes (FY23-FY30). This will be periodically reviewed and revised to ensure it
continues to match our ambition
For our largest emitters with good transition plans - around 60 per cent of this group - this means more finance
To assist further, we will focus on financing corporate customers' energy efficiency plans to reduce their energy costs
We will align our lending to four new sectoral pathways and targets in oil & gas, aluminium, cement and steel. These are in
addition to our two existing pathways and targets for power generation and large-scale commercial property; by the end of
November we'll have targets for six priority sectors
For our largest emitting business customers who have not improved their transition plans by 2025, after significant
engagement, we will reduce our exposure
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