Anz Group Holdings Limited · ASX:ANZ
Anz — Australia and New Zealand Banking Group — ESG Presentation (November 2022)
27 slides from Anz's sustainability presentation, Nov 25, 2022
Slide 1: 2022 Approach to Climate Change Investor Reference Pack
2022 APPROACH TO CLIMATE CHANGE INVESTOR REFERENCE PACK 25 NOVEMBER 2022 Approved for distribution by ANZ’s Continuous Disclosure Committee Australia and New Zealand Banking Group Limited 9/833 Collins Street Docklands Victoria 3008 Australia ABN 11 005 357 522
Slide 2: Disclaimer & Important Notice
ANZ 2022 Approach to Climate Change Investor Reference Pack DISCLAIMER & IMPORTANT NOTICE This presentation should be read in conjunction with ANZ’s 2022 Climate-related Financial Disclosures report available here: https://www.anz.com.au/about-us/esg/environmental-sustainability/climate-change/ The
Slide 3: Contents
ANZ 2022 Approach to Climate Change Investor Reference Pack CONTENTS OVERVIEW 3 Our progress in aligning our lending to the Paris goals 4 ENVIRONMENTAL SUSTAINABILITY 5 Supporting our customers and steering our portfolio 5 CLIMATE RISK 8 More finance for customers on the right path 9 STAKEHOLDER ENG
Slide 4: Accelerating Our Approach for the Transition to Net Zero
ANZ 2022 Approach to Climate Change Investor Reference Pack ACCELERATING OUR APPROACH FOR THE TRANSITION TO NET ZERO Today we are accelerating our support for the transition to net zero: • We have set a new $100 billion by 2030 sustainable solutions target to back our customers lowering their carbon
Slide 5: Progress in Aligning Our Lending to the Paris Goals
ANZ 2022 Approach to Climate Change Investor Reference Pack PROGRESS IN ALIGNING OUR LENDING TO THE PARIS GOALS • Our pathways, targets and reporting demonstrate how we are aligning our lending to the Paris Agreement goals • We were the first Australian bank to join the Net-Zero Banking Alliance (NZ
Slide 6: Supporting Our Customers and Steering Our Portfolio
ANZ 2022 Approach to Climate Change Investor Reference Pack SUPPORTING OUR CUSTOMERS AND STEERING OUR PORTFOLIO Ambition to be the leading Australia and New Zealand-based bank in supporting customers to transition to net zero emissions Key priority areas and sectors we will pursue Supporting sustain
Slide 7: ANZ's Capability in Financing Sustainability
ANZ 2022 Approach to Climate Change Investor Reference Pack ANZ’S CAPABILITY IN FINANCING SUSTAINABILITY GREEN, SOCIAL, SUSTAINABILITY, GREEN, SOCIAL, SUSTAINABILITY, GREEN AND SUSTAINABLE ANZ/CLEAN ENERGY FINANCE SUSTAINABILITY-LINKED AND TRANSITION SUSTAINABILITY-LINKED AND TRANSITION INFRASTRUCTU
Slide 8: ANZ's $50 Billion Sustainable Solutions Target
ANZ 2022 Approach to Climate Change Investor Reference Pack ANZ’S $50 BILLION SUSTAINABLE SOLUTIONS TARGET Helping improve the environmental sustainability of customers We remain committed to our existing target to fund and facilitate at least AUD50 billion by 2025 towards sustainable solutions for
Slide 9: Managing Climate Risk
ANZ 2022 Approach to Climate Change Investor Reference Pack MANAGING CLIMATE RISK Actively managing climate risk within our group risk management framework The risks and the opportunities of climate change • Engaging with our largest emitting business customers on the work they’re doing to transitio
Slide 10: More Finance for Customers on the Right Path
ANZ 2022 Approach to Climate Change Investor Reference Pack MORE FINANCE FOR CUSTOMERS ON THE RIGHT PATH Absolute emissions and emissions intensity targets set our pathways • Our pathways set our strategy and course out to net zero by 2050 and use credible decarbonisation scenarios • The pathways al
Slide 11: Finance to Back Customers on the Right Path: Oil and Gas
ANZ 2022 Approach to Climate Change Investor Reference Pack FINANCE TO BACK CUSTOMERS ON THE RIGHT PATH New targets set for four carbon intensive sectors We have set a new absolute emissions reduction target for oil and gas Oil and Gas Oil and Gas1 Absolute Emissions (Mt CO2-e) NEW TARGET: 18 ANZ vs
Slide 12: Finance to Back Customers on the Right Path: Aluminium
ANZ 2022 Approach to Climate Change Investor Reference Pack FINANCE TO BACK CUSTOMERS ON THE RIGHT PATH New targets set for four carbon intensive sectors We have set a new emissions intensity reduction target for aluminium Aluminium Aluminium1 GHG2 Intensity (tCO2-e/t aluminium) NEW TARGET: 12 ANZ v
Slide 13: Finance to Back Customers on the Right Path: Cement
ANZ 2022 Approach to Climate Change Investor Reference Pack FINANCE TO BACK CUSTOMERS ON THE RIGHT PATH New targets set for four carbon intensive sectors We have set a new emissions intensity reduction target for cement Cement Cement1 GHG2 Intensity (tCO2-e/t Cement) NEW TARGET: 0.7 ANZ vs. target p
Slide 14: Finance to Back Customers on the Right Path: Steel
ANZ 2022 Approach to Climate Change Investor Reference Pack FINANCE TO BACK CUSTOMERS ON THE RIGHT PATH New targets set for four carbon intensive sectors We have set a new emissions intensity reduction target for steel Steel Steel1 GHG2 Intensity (tCO2-e/t Steel) NEW TARGET: 2.5 ANZ vs. target pathw
Slide 15: Portfolio Emissions Target Pathways – Large-Scale Commercial Buildings
ANZ 2022 Approach to Climate Change Investor Reference Pack PROGRESS TOWARDS OUR PORTFOLIO EMISSIONS TARGET PATHWAYS – LARGE-SCALE COMMERCIAL BUILDINGS We set emissions intensity reduction targets for large-scale commercial buildings in 2021 Commercial Real Estate - Shopping Centres Large-scale comm
Slide 16: Portfolio Emissions Target Pathways – Power Generation
ANZ 2022 Approach to Climate Change Investor Reference Pack PROGRESS TOWARDS OUR PORTFOLIO EMISSIONS TARGET PATHWAYS – POWER GENERATION Financial challenges of a changing energy sector • Wholesale electricity prices increased to record highs in parts of Australia earlier this year. Electricity compa
Slide 17: Portfolio Emissions Target Pathways – Power Generation
ANZ 2022 Approach to Climate Change Investor Reference Pack PROGRESS TOWARDS OUR PORTFOLIO EMISSIONS TARGET PATHWAYS – POWER GENERATION We set an emissions intensity reduction target for power generation in 2021 Power generation Power Generation GHG1 Intensity (kg CO2/MWh) EXISTING TARGET: 500 ANZ v
Slide 18: Backing Customer Decarbonisation
ANZ 2022 Approach to Climate Change Investor Reference Pack BACKING CUSTOMER DECARBONISATION Illustrative examples of customer pathways that align with our portfolio targets OIL AND GAS ALUMINIUM “Oil and Gas Company Corp.” “Aluminium Company Corp.” Paris-aligned In 2021: Announced intention to be a
Slide 19: Backing Customer Decarbonisation
ANZ 2022 Approach to Climate Change Investor Reference Pack BACKING CUSTOMER DECARBONISATION Illustrative examples of customer pathways that align with our portfolio targets CEMENT STEEL “Cement Company Corp.” “Steel Company Corp.” Paris-aligned In 2021: Disclosed science-based GHG emissions intensi
Slide 20: Backing Customer Decarbonisation
ANZ 2022 Approach to Climate Change Investor Reference Pack BACKING CUSTOMER DECARBONISATION Illustrative examples of customer pathways that align with our portfolio targets COMMERCIAL PROPERTY POWER GENERATION “Property Company Corp.” “Energy Company Corp.” Paris-aligned In 2020: Disclosed Paris-al
Slide 21: Customer Engagement to Support Emissions Reductions
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 100 of our la
Slide 22: Customer Engagement to Support Biodiversity Protection
ANZ 2022 Approach to Climate Change Investor Reference Pack CUSTOMER ENGAGEMENT TO SUPPORT BIODIVERSITY PROTECTION 100 of our largest emitting business customers 100 of our largest emitting business customers biodiversity status1 • Biodiversity risk is recognised across our ‘sensitive sector’ lendin
Slide 23: Seeking Improved Transition Plans from Some Customers
ANZ 2022 Approach to Climate Change Investor Reference Pack SEEKING IMPROVED TRANSITION PLANS FROM SOME CUSTOMERS 100 of our largest emitting business customers Good progress, more work to be done • Within each industry our customers have different starting points. Many have improved their governanc
Slide 24: Progress with Our 100 Largest Emitting Business Customers
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 (C) UNDERDEVELOPED / (D) NO PUBLIC PLANS STARTING OUT ENERGY COMPANY DIVERSIFIED INDUSTRIAL LARGE COMMODITI
Slide 25: Progress with Our 100 Largest Emitting Business Customers
ANZ 2022 Approach to Climate Change Investor Reference Pack PROGRESS WITH OUR 100 LARGEST EMITTING BUSINESS CUSTOMERS Examples of improvement through categories INDUSTRIAL COMPANY During our engagement, customer has moved up from Category D to Category B Governance Targets Disclosures CUSTOMER • The
Slide 26: Our ESG Related Disclosures
ANZ 2022 Approach to Climate Change Investor Reference Pack OUR ESG RELATED DISCLOSURES ESG Supplement ESG Briefing Climate Change Disclosures ESG Annual Climate change information event to commitment & progress brief and climate against our investors on related financial ESG targets ESG matters dis
Slide 27: Further Information
ANZ 2022 Approach to Climate Change Investor Reference Pack FURTHER INFORMATION https://www.anz.com/shareholder/centre/ Equity Investors Retail Investors Debt Investors Jill Campbell Cameron Davis Harsh Vardhan Michelle Weerakoon Scott Gifford Steven Aquilina Group General Manager Executive Manager
Australia and New Zealand Banking Group — ESG Presentation (November 2022) on 6ix