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We want to be the leading Australia- and New Zealand-based bank in supporting customers' transition to net zero emissions by 2050.
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, transport, sustainable food production and resilient infrastructure.
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.
1. Refer to ANZ’s Social and Environmental Sustainability Target Methodology available at anz.com/esgreport
2. Our targets are in the metrics and targets section of our Climate-related Financial Disclosures, available here: anz.com/esgreport That report also contains important notices about forward-looking statements and about the uncertainties, challenges and risks associated with climate-related information.
3. The energy sector includes integrated oil and gas companies involved in exploration, development and refining as well as low carbon energy solutions, thermal coal mining, and integrated power utility companies such as renewable energy and coal.
4. Energy use includes transport in addition to the power generation sector. The percentage of global emissions from energy use is sourced from the International Energy Agency (IEA), Net Zero by 2050: A Roadmap for the Global Energy Sector, October 2021.
5. Institutional, including Corporate, customers.
6. Our lending is informed by our evolving social, environmental and credit policies, which includes commitments relating to thermal coal. Information on our policies is available here: https://www.anz.com.au/about-us/esg-priorities/fair-responsible-banking/responsiblebusiness-lending/
7. These include energy, extractive industries, forestry and forests, water and hydropower.
8. This includes an avenue for complaints that is available to stakeholders who have concerns about whether our business lending is consistent with our climate statement. Complaints can be made by contacting the Group General Manager, ESG or Chief Risk Officer.