ANZ 2022 Full Year Debt Investor Presentation
ANZ 2022 Full Year Debt Investor Presentation
ALIGNING OUR LENDING TO THE PARIS AGREEMENT GOALS
•
First Australian bank to sign up to the Net Zero Banking Alliance (NZBA)
On track to set 2030 targets for nine priority sectors in line with our NZBA
commitment, aimed at ensuring at least 75% of our portfolio emissions are on a Net
Zero pathway by end 2024
In 2021, set emissions intensity pathways and targets for power generation and
large-scale commercial real estate
Will release pathways and targets for oil and gas and building products this year
prior to our Annual General Meeting (AGM) in December
Our targets, pathways and disclosures demonstrate how we are aligning our lending
to the Paris Agreement goals
Our disclosure is TCFD¹ aligned, and our target setting guided by the Partnership for
Carbon Accounting Financials (PCAF) standard
Our 2022 Climate-related Financial Disclosures will be released prior to our AGM
ANZ
Climate Change Commitment
Supporting our customers in the net zero transition
To meet the Paris Agreement goals, significant greenhouse
gas emission reductions are required across all sectors of
the economy. Trillions of dollars are needed to invest in
new and existing technologies for clean energy and
sustainable infrastructure.
The many financing opportunities linked to our business
strategy will contribute to the achievement of the Paris
Agreement goals and the transition to a net zero economy.
The opportunities will also deliver appropriate returns for
our shareholders.
We want to be the leading Australia-
and New Zealand-based bank in
supporting customers' transition
to net zero emissions by 2050.
Our environmental sustainability strategy identifies priority
sectors, technologies and financing opportunities to help
achieve our ambition. ANZ has also joined the Net-Zero
Banking Alliance (NZBA) reflecting our commitment with
other leading banks globally to enable the transition by
aligning our lending portfolio with net zero emissions.
This commitment summarises our climate change
approach and respective targets. Additional
disclosures and policies are available at
anz.com.au/about-us/esg!
The opportunity:
Society is responding to the shared task of creating a pathway to
net zero emissions. To achieve the Paris Agreement goals, historic
levels of investment and lending will be needed from businesses,
governments and financial institutions. This creates significant
financing opportunities for ANZ, which we will realize together
with our customers.
By anticipating changes to financial markets and financial systems
we will seek to better manage climate risks and opportunities
These changes include:
regulatory expectations, including disclosure;
+ customer, shareholder and civil society expectations; and
how climate risk is assessed managed and priced.
We are responding to these changes and opportunities in
four key areas:
1. SUPPORTING OUR CUSTOMERS AND INDUSTRIES
TO TRANSITION
The most important role we can play in enabling the transition to
net zero is to support our customers to reduce emissions and
enhance their resilience to a changing climate.
We will achieve this by executing our environmental sustainability
strategy and providing finance, services and advice that support
customers to shift to low carbon business models and operations
that put them on a path to net zero emissions.
ANZ
We support an orderly transition that recognises and responds
to social, economic and environmental impacts of a net zero
transition. This aligns with our purpose to shape a world in which
people and communities thrive.
To achieve this, we are:
• Funding and facilitating AU$50 billion to support our customers
to achieve improved environmental outcomes, including the
reduction of their greenhouse gas emissions. This includes
supporting increased energy efficiency, low-emissions
transport, green buildings', reforestation, indigenous land
management practices, renewable energy and battery storage,
emerging technologies (such as carbon capture and storage,
and hydrogen-based technology), disaster resilience and
climate change adaptation measures
Equipping our employees with a deeper understanding of
climate risks and opportunities, including the potential of
emerging technologies, focussing on our institutional bankers
in key customer segments. This expertise will help us develop
products and services to meet our customers' needs, for
example in:
-green, social and sustainability-linked loans and bonds
- lending and advisory services to help our customers buy,
sell and raise capital for renewable energy and other low-
emissions projects
- project finance to support the development of long-term
sustainable infrastructure.
1. Not in this statement relates to net human-made amissions Includes facilitating concessional leam for business customers to buy energy-efficient equipment. Further details on that criteria and standards was qualifying activitiis sa tinu
ESG Supplement: http://www.an.com.au/about-us/sg/reporting/ssg-reparting 32 will only finance the construction of new large-scale office buildings if they are highly energy efficient, and being built toether at least a NABERS (National Australian Built Envament
Rating System) 5-linergy rating or Salar Green Star Dignaling (quivalent international raling. This is the same standard we apply for inclusion inout A550blon ang 4. A has allocated AUS billion of AUSSO billion large to supporting customer and
commander secovery andninlerce. This may include encenative for weather-elated events or non-weather-related d
23 November 2021
1.
Taskforce on Climate-related Financial Disclosures
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