2022 Approach to Climate Change Investor Reference Pack

ANZ 2022 Approach to Climate Change Investor Reference Pack CUSTOMER ENGAGEMENT TO SUPPORT EMISSIONS REDUCTIONS 100 of our largest emitting business customers Among our Australian banking peers, we have the most advanced engagement process with our largest emitting business customers We have been discussing transition plans with 100 of our largest emitting business customers since 2018, we 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% by end FY21 Overall good progress is being made, with 29 customers upgraded since FY21 We consider three key elements constitute a robust low carbon transition plan: governance targets disclosures (preferably aligned with the Taskforce on Climate-related Financial Disclosures) These 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 100 of our largest emitting business customers by transition plan category1 15 23 A A-ADVANCED B - WELL DEVELOPED 27 227 38 36 27 27 22 B C Sep 2021 Sep 2022 C- UNDERDEVELOPED / STARTING OUT D NO PUBLIC PLANS 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 20 20

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