2022 Approach to Climate Change Investor Reference Pack
ANZ 2022 Approach to Climate Change Investor Reference Pack
PROGRESS WITH OUR 100 LARGEST EMITTING BUSINESS CUSTOMERS
Examples of improvement through categories
(A) ADVANCED
(B) WELL DEVELOPED
ENERGY COMPANY
Governance
Targets
Disclosures
DIVERSIFIED INDUSTRIAL
COMPANY
Governance
(C) UNDERDEVELOPED /
STARTING OUT
LARGE COMMODITIES COMPANY
Governance
(D) NO PUBLIC PLANS
LARGE RETAILER
Targets
Disclosures
Targets
Disclosures
Governance
Targets
Disclosures
CUSTOMER
•
.
•
•
•
Acknowledges climate risk is a material
risk and opportunity; has well
developed plans and actions (by
reference to their governance, targets,
disclosures, and committed to net zero
emissions by 2050)
Climate resilience is a key pillar of its
sustainability strategy
Public goal of net zero emissions by
2050 across its portfolios
Strong governance in place to manage
climate risk
TCFD1-aligned reporting
CUSTOMER
At a well developed stage with well
developed plans and actions
Public climate change commitment;
climate issues are considered by
Sustainability Management Committee
that report to their Board
• 2030 emissions reductions targets in
place
A long-term vision of striving for net
zero by 2050
Reports using the TCFD guidelines,
scope to improve
CUSTOMER
•
•
•
•
At an underdeveloped/starting out
stage: acknowledgement, but with
limited plans and/or actions
Sustainability and climate risk
discussed with Board Risk Committee
at regular intervals; Chairman and CEO
oversee their climate approach
Has targets to reduce 'emissions
intensity' across some of its operations
Moving towards TCFD-aligned
reporting; has a 'TCFD index' in its
reporting²
CUSTOMER
•
No public plans evident; however, is
establishing an Executive Sustainability
Committee which will provide greater
oversight
Developing sustainability projects at a
business and franchisee level
• Has engaged an external consultant to
help develop a sustainability
framework
•
Acknowledges the need to develop a
transition plan, though unclear at this
stage whether it will be made public
Has not reported against TCFD
In place / met
In progress
1.
Taskforce on Climate-related Financial Disclosures
2.
Others in category C may be reporting against TCFD, with uplift required in key areas such as governance, metrics and targets
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