ESG PRESENTATION
ANZ CARBON COMMITMENTS AND DISCLOSURE
HOW ANZ'S LENDING IS SUPPORTING THE PARIS GOALS
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FY19/20 HIGHLIGHTS
Thermal Coal Mining Exposures:
Since 2015 (when the Paris Agreement was reached), we
have more than halved our exposures to thermal coal
mining ($1.70bn to ~$600m).
Several of our diversified mining customers have also acted
to divest their thermal coal interests in recent years, or
signalled their intention not to invest in expansionary
capex.
• Our exposure to thermal coal mining is a small portion of
our overall lending (at 31 March 2020 our exposure was
~$600m, less than 0.1% of our Group exposure at default).
Oil & Gas Extraction Exposures:
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Since 2015, our exposures to oil and gas extraction companies
has been relatively stable ($8.6bn to $8.5bn).
Our support of gas companies in recent years has helped to
reduce or contain emissions in a number of ways:
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Gas has played an important role in firming intermittent
renewable generation, which has facilitated a faster rollout of
these technologies than what otherwise might have occurred
Australian LNG exports has enabled coal-to-gas switching in
fast-growing Asian countries that has played a key role in
preventing faster growth of global emissions¹
Several of our customers have set, or are intending to set,
targets to reduce fugitive emissions of methane in upstream
production.
Our exposure to oil and gas extraction is a small portion of our
overall lending (at 31 March 2020 our exposure was ~$8.5bn, or
~0.8% of our Group exposure at default).
1. International Energy Agency's 2019 'Role of Gas' report.
ANZ
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