ANZ 2023 Half Year Results
ANZ 2023 Half Year Results
CUSTOMER ENGAGEMENT TO SUPPORT EMISSIONS REDUCTIONS
100 of our largest emitting business customers (progress at 30 September)
We have been discussing transition plans with 100 of our largest emitting business
customers since 2018 and broadened this to our customers efforts to protect
biodiversity in 2022.
In FY22 we engaged with 99 of our largest emitting business customers. 61% of these
customers now have well developed or advanced transition plans versus 42% as at the
end of FY21.
Overall good progress is being made, with 29 customers upgraded since FY21.
Our largest emitting business customers produced more than 147 million tonnes of
direct (Scope 1) CO2 emissions during 2020-21 for their Australian-based operations.
This is around 30% of the national total for Australia.
We expect our new target of $100b by 2030 will further assist our largest emitting
customers to invest in emissions reduction. We will continue to prioritise support
for customers who are committed to improving their plans.
This support will also focus on customers in the C and D categories. We are seeking
improved plans from these businesses by 2025 and will increase our engagement to
encourage further progress.
While we will aim to support C and D category customers to improve, if significant
engagement doesn't see positive momentum we will reduce our exposure.
100 of our largest emitting business customers
by transition plan category
15
A
(as at 30 September)1
27
23
A ADVANCED
38
36
27
22
B
C
C- UNDERDEVELOPED / STARTING OUT
Sep 2021
Sep 2022
D NO PUBLIC PLANS
B-WELL DEVELOPED
22
22
11
1.
We replaced six customers in 2022 due to exits or significantly reduced exposures, or due to mergers and acquisition activities. Replacements on this list are typically from a similar sector, located in the same country or region, a similar level of
exposure and emissions and at a similar stage of their transition planning
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