Investor Presentaiton
REVIEWING OUR CARBON COMMITMENTS AND DISCLOSURE
SUPPORTING OUR CUSTOMERS TO TRANSITION TO A LOW CARBON ECONOMY
The Board EESG Committee was presented with options for how ANZ might best support its customers to transition to a low carbon
economy, in line with goals of the Paris Agreement.
Two principles informed the options presented:
All sectors of the economy have a role to play in driving the transition.
The transition should be orderly and 'just', giving careful consideration to the impacts on affected workers and communities.
The paper discussed ANZ's largest sectoral exposures and proposed working with high emitting customers in a range of sectors to
support and encourage their transition efforts.
Social, financial and customer risks and opportunities were outlined for each option to enable informed and balanced decisions.
Outcome:
We announced our revised approach to climate change in December 2018.
This included a public target to encourage and support 100 of our largest emitting customers in the energy, transport, buildings and
food, beverage and agricultural sectors to establish or strengthen existing low carbon transition plans, by 2021.
Relevant ESG target:
Amended our risk appetite and customer assessment processes to increase emphasis on climate change risks and management.
ANZ
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