Australian Housing Dynamics and Affordability slide image

Australian Housing Dynamics and Affordability

SUPPORTING OUR CUSTOMERS AND TRAINING OUR STAFF ON THE DEVELOPMENT OF LOW CARBON TRANSITION PLANS CUSTOMER MANAGEMENT AND STAFF TRAINING ANZ customer management informed by climate-related engagement • • We have identified carbon-intensive sectors most likely to be impacted by climate change There are 100 of our largest emitting business customers in those sectors We are supporting these customers to establish, or strengthen their low carbon transition plans We will use the results of this engagement to inform our risk assessment of customers in these sectors Training our staff to engage with customers on climate-risk This year we provided training to over 1,000 bankers in our Institutional and Corporate businesses. The training covered: • • how climate-related risks and opportunities might manifest for our customers what elements we would expect to see in a robust transition plan market and regulatory drivers that are focusing stakeholder attention on our customers whether they have plans in place to manage their climate- related risks and opportunities CUSTOMER EXAMPLE: BHP'S TRANSITION PLANNING BHP has an integrated strategy including: Targets to hold net operational emissions at or below FY2017 levels by FY2022 while continuing to grow their business. Active stewardship role working with customers, suppliers and other value chain participants to influence reductions in scope 3 including: A commitment to spend US$400m to develop technology to reduce emissions. HOW WE SUPPORT OUR CUSTOMERS - INCLUDING INCORPORATION OF CLIMATE-RISK MANAGEMENT BAU cycle Strategic segment management Periodic customer ANZ CUSTOMER MANAGEMENT engagement Ongoing credit review BAU staff training Climate-related cycle Portfolio assessment of carbon-intensive sectors Periodic customer engagement on transition plans Desktop research on customer disclosures and statements Staff training on low-carbon transition discussion 1. 2019 focus on ANZ staff managing specific higher carbon emitting customers 1. 2019 focus on ANZ staff managing specific higher carbon emitting customers ANZ 109
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