2022 Approach to Climate Change Investor Reference Pack
ANZ 2022 Approach to Climate Change Investor Reference Pack
SEEKING IMPROVED TRANSITION PLANS FROM SOME CUSTOMERS
100 of our largest emitting business customers
Good progress, more work to be done
• Within each industry our customers have different starting points. Many have improved their governance, strategies, targets and disclosures to
advance their transition planning
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In FY22 there were ~60% of customers with more advanced plans. Up from ~40% in FY21
We provide support with insights into enhanced customer practices. We encourage those further advanced to find ways to strengthen their
approach and provide options for how we could potentially assist, including setting 'stretch' targets linked to improved financing terms
We expect our new 8-year sustainable solutions target of $100bn by 2030 will further assist our largest emitting customers to invest in emissions
reduction. We will continue to prioritise our 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
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