2022 Approach to Climate Change Investor Reference Pack

ANZ 2022 Approach to Climate Change Investor Reference Pack PROGRESS TOWARDS OUR PORTFOLIO EMISSIONS TARGET PATHWAYS - LARGE-SCALE COMMERCIAL BUILDINGS We set emissions intensity reduction targets for large-scale commercial buildings in 2021 80 Commercial Real Estate - Shopping Centres GHG1 Intensity, kg CO2-e/m²NLA (Net Lettable Area) • Large-scale commercial property EXISTING TARGET: 60% emissions intensity reduction by 2030 for major commercial buildings in Australia owned by our large REIT and funds customers We will finance the opportunities for faster and deeper cuts in emissions presented by: improved energy efficiency; greater electrification of final energy use; voluntary purchases of green electricity; and self-generation of electricity from solar PV installations Major customers have already committed to achieving net zero emissions targets by 2030 and are making good progress, investing in renewable energy, the electrification of building infrastructure and energy efficient. measures 00 60 00 40 40 20 0 2020 2025 Actual Performance - 2030 2035 ANZ vs. target pathway 12% - 2040 2045 2050 - 2030 Target (-60%) - IEA Beyond 2°C Scenario (B2DS) Alignment Pathway Commercial Real Estate - Office Buildings GHG1 Intensity, kg CO2-e/m²NLA (Net Lettable Area) • Building assets covered by the target represent around 20-25% of our total exposures to the non-residential building sector 80 60 60 40 40 0 2020 • Portfolio emissions intensity in the Commercial Building sector continues • to reduce and we are below our 2030 target pathways All new large-scale offices financed by ANZ in the commercial building sector are required to have a 5-star NABERS² rating or above Greenhouse gas emissions (GHG) 1. 2. National Australian Built Environment Rating Scheme 20 20 2025 2030 2035 Actual Performance 2030 Target (-60%) - -- ANZ vs. target pathway - 26% 2040 2045 2050 IEA Beyond 2°C Scenario (B2DS) Alignment Pathway >10% above the pathway <10% above pathway ●Below pathway 14

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