ANZ

ANZ Sustainable Protected Responsible Investment over Term (ASPRIT) is an investment produced by ANZ, which provides wholesale investors with the opportunity to capture the performance of Australia's top sustainability leaders.

ASPRIT is a fixed interest investment product linked to the performance of the Sustainable Asset Management (SAM) Sustainable Leaders Australia Fund (SLAF), also known as the SAM Australia Fund. It gives investors the opportunity to benefit from the performance of approximately 70 Australian companies considered leaders by not only managing the standard economic factors affecting their business, but also by integrating environmental and social factors into their business strategies.

ANZ Infrastructure Services (ANZIS) is a specialist adviser and investment manager across all sectors of energy, infrastructure and utilities markets. ANZIS has established two special purpose investment trusts to encourage investment in more environmentally sustainable energy sources and infrastructure facilities.

Some ANZIS projects include:

• Bio-diesel: investment in the construction and operation of a bio-diesel production plant near Albury/Wodonga on the Victorian/NSW border
• Esperence Energy Project: 50% shareholding in a project to construct a 336km gas transmission pipeline and 33MW gas-fired power station in Esperence, Western Australia
• Waubra Wind Farm: 50% ownership of Waubra Wind Farm, a 192MW wind farm which when completed in 2008, will be the largest in Australia.

ANZ is part of the Federal Government's Solar Cities initiative. The initiative is designed to demonstrate how solar power, energy efficiency and better information on energy use can provide a sustainable energy future in urban locations around Australia.

Solar Cities will receive government funding to install solar panels and solar hot water systems on private and public housing and provide residential customers with real time information on energy use and access to energy efficiency advice and information.

ANZ's involvement in the program includes offering a home loan with a competitive rate that is linked to the purchase of a solar power and hot water system, offering finance to enable the installation of large solar power systems for business and corporate customers; and offering business customers with finance to assist the take-up of energy efficient technology following energy audits.

ANZ has partnered with EnergySmart Limited in New Zealand to support the Government's recently launched ENERGYWISE Homes initiative which provides interest subsidies and grants for the funding of insulation, clean household heating and other energy efficiency measures in their homes.

ANZ will provide interest free or subsidised loans to customers who qualify and preferential rate loans to customers who wish to install additional home efficiency measures.

ANZ's Project Finance team has arranged financing for a number of renewable energy projects in Australia and offshore, including:

• Waste gas projects: Power generation plants utilising waste fuels (eg coal mine gas and landfill gas) that would otherwise cause disposal and emission problems
• Wind farms: Various wind energy projects in the US, UK and Australia, including the Challicum Hills project in Central Victoria, which, when completed in August 2003, became Australia's largest wind farm
• Geothermal energy: Two major geothermal power projects in New Zealand
• Hydro power: Construction of hydroelectric plants in Laos and Chile.

ANZ is one of the leading banks in the provision of risk management products for carbon markets. Our activity in this area includes:

• trading in Renewable Energy Certificates, Greenhouse Gas Abatement Certificates and GreenPower Rights to assist customers manage mandated carbon and renewable energy targets
• providing hedging of renewable and carbon credits for carbon abatement projects in Australia and internationally
• expanding into the international carbon market, providing risk management services for Clean Development Mechanism projects as developed under the Kyoto Protocol.

ANZ is experienced in traded carbon and renewable energy markets, and will continue to contribute to the development of a viable market-based emissions scheme in Australia.