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Reducing our environmental footprint
ANZ has set ambitious targets for 2025 and 2030 to reduce our environmental footprint and increase our sustainability ambition in line with our purpose. Our operational reduction targets for greenhouse gas emissions, water, waste and paper take into account future remote working arrangements, proposed efficiency projects, property portfolio footprint efficiencies and an increase in renewable electricity usage.
85% reduction in carbon emissions
Our target is to, not only reduce our combined scope 1 and 2 emissions by 85% by 2025, but to extend our commitment to a further reduction to 90% by 2030 (against a 2015 base year). We aim to achieve these targets through the efficient consumption of energy within our buildings, including commercial offices, retail branches and data centres.
100% renewable electricity
In September 2019 we signed up to RE100, a global initiative driving the transition to 100% renewable electricity.
40% reduction in water consumption*
As an Australian headquartered company, we are aware of the risks associated with drought and water scarcity. We focus on best practice in the design and operation of our commercial and retail facilities by installing eco-efficient water fittings such as low flow aerators on taps and dual flush toilets in our premises.
*against a 2017 baseline
40% reduction in waste to landfill*
We're seeking to minimise the amount of waste generated and reuse or recycle as much as possible. We'll achieve our target through a reduction in paper consumption and encouraging employees to recycle (e.g. donating used furniture and equipment to local organisations).
*against a 2017 baseline
70% reduction in paper consumption*
We're committed to minimising paper use in our offices and materials generated for our customers (e.g. statements and marketing materials). We'll achieve this through a number of initiatives, including encouraging customers to receive electronic communications and improving employee awareness of printing behaviours.
* against 2015 baseline
Energy use and carbon emissions
We seek to minimise the use of resources in our operations through the efficient consumption of energy within our buildings, including commercial offices, retail branches and data centres. We also encourage staff uptake of technology such as video conferencing to reduce emissions associated with travel.
To ensure we're meeting our emission reduction goal we have adopted a framework of:
- regularly reviewing energy consumption within our operations;
- developing a plan to reduce energy consumption;
- funding and implementing energy efficiency opportunities; and
- monitoring the outcomes of energy efficiency projects.
All efforts to reduce energy consumption across our operating portfolio will assist us in reducing our emissions footprint and achieving our greenhouse gas emissions reduction Target.
ANZ's 2023 Environment, Social and Governance (ESG) Supplement
This report provides detailed information on ANZ's focus on bringing our purpose to life through helping tackle significant societal challenges that are core to our business strategy and matter to society.
2023 ESG Supplement
Detailed information on ANZ's social and environmental sustainability performance and challenges. Released 13 November 2023.
Social and Environmental Sustainability Target Methodology
ANZ's Social and Environmental Sustainability Target Methodology. Released 13 November 2023.
2023 Climate-related Financial Disclosures Report
We report using the recommendations of the Financial Stability Board Taskforce on Climate-related Financial Disclosures (TCFD).