2022 Approach to Climate Change Investor Reference Pack
ANZ 2022 Approach to Climate Change Investor Reference Pack
PROGRESS TOWARDS OUR PORTFOLIO EMISSIONS TARGET PATHWAYS - POWER GENERATION
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We set an emissions intensity reduction target for power generation in 2021
Power Generation
EXISTING TARGET:
50% emissions intensity reduction by 2030
for our global power generation portfolio
We know decarbonising will require an increase in electricity generation. The challenge
will be to meet that demand growth with clean energy sources - our target we set in
2021 seeks to meet this by influencing the types of customers and projects we support
Power generation
GHG1 Intensity (kg CO2/MWh)
500
ANZ vs. target pathway
+ 47%
400
300
Our 2030 target of 119kg CO2/MWh is a portfolio average. The target is set against a
2020 baseline of ~240kg CO2/MWh
200
To ensure the ongoing completeness, accuracy and consistency of our reporting, we are
restating our 2020 emissions intensity baseline. This is due to improvements in our
ability to identify generation asset(s) that our financing is linked to
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Engagement with power generation customers is focused on how they intend to
reduce the emissions intensity of power supplied to their customers
The emissions intensity of our Power Generation portfolio increased this year due to
short term financing for existing customers to manage unprecedented energy market
volatility. This does not translate to an increase in 'real world' emissions, as they are
existing customers and assets
We remain committed to our 2030 target pathway and remain well below the IEA Net
Zero Emissions by 2050 Scenario pathway
0
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
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Actual Performance
IEA Net Zero Emissions by 2050 Pathway
- 2030 Target Pathway
1.
Greenhouse gas emissions (GHG)
>10% above the pathway
<10% above pathway
●Below pathway
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