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ESG governance

We have a dedicated Board Ethics, Environment, Social and Governance Committee, and an Executive Ethics and Responsible Business Committee. These committees oversee the bank's ESG performance and most material ESG risks and opportunities. 

 

Governance

The Board is responsible for the oversight of ANZ and its sound and prudent management, with specific duties as set out in its charter available at anz.com/corporategovernance.

There are six principal Board Committees:

  • Ethics, Environment, Social and Governance (EESG) Committee
  • Audit Committee
  • Risk Committee
  • Human Resources Committee
  • Digital Business and Technology Committee
  • Nomination and Board Operations Committee

Each Committee has its own charter, setting out its roles and responsibilities.

At management level, the Group Executive Committee comprises ANZ’s most senior executives. There is a delegations of authority framework that clearly outlines those matters delegated to the CEO and other members of senior management.

Additionally, there are a number of formally established management committees that deal with particular sets of ongoing issues.

For further information on our governance framework, refer to our Corporate Governance Statement.

Our Annual Report outlines how our most material, social and environmental risks and opportunities are captured and managed within our existing Material Risk categories.

The Board EESG Committee, led by ANZ’s Chairman, is responsible for assisting the Board by overseeing measures to advance ANZ's purpose, focusing on ethical and ESG matters.

This includes the oversight, review and/or approval of ESG reporting and objectives, corporate governance policies and principles, customer complaints and other conduct-related matters. The Committee also oversees the ethical and ESG risks and opportunities relevant to the bank’s ability to advance our purpose and operate as a fair, responsible and sustainable business.

The Committee meets at least quarterly, and each meeting opens with an overview of the ESG operating environment, covering current and emerging issues, including regulatory and parliamentary inquiries, community sentiment, competitor activity, relevant international developments and our stakeholder engagement activities.

The ERBC, chaired by the CEO, comprises Senior Executives and members from business divisions and Group functions.

The Committee is a leadership and decision-making body that exists to advance ANZ’s purpose. It seeks to ensure we operate responsibly and achieve fair, ethical and balanced stakeholder outcomes.

The Committee considers the social and environmental impacts of the industries, customers and communities that ANZ serves. It also considers our products and services and how they are provided, as well as stakeholder and community expectations.

The ERBC is accountable to the Board EESG Committee in the effective discharge of its responsibilities. It operationalises Board objectives and makes decisions on issues and policies. It also approves and monitors performance against the bank’s ESG targets.

Risk management

The Board is responsible for establishing and overseeing the Group’s Risk Management Framework (RMF). The RMF was put in place to help identify, evaluate, monitor, control and report on material risk.

The Board has delegated authority to the Board Risk Committee to develop and monitor compliance with the Group’s risk management policies. The Committee reports regularly to the Board on its activities.

For further information on our approach to risk management, refer to our Annual Report.

While it's embedded in day-to-day activities, governance is also the focus of committees and regular forums across the bank. The committees and forums discuss and monitor known and emerging risks, reviewing management plans and monitoring progress to manage known issues. This may include risks that arise from the social and environmental impacts of our lending decisions.

 

ANZ's 2021 Environment, Social and Governance (ESG) Supplement

This report provides detailed information on ANZ's sustainability performance and challenges. In response to stakeholder feedback, for the first time, we're releasing our ESG Supplement at the same time as the Annual Report.

2021 ESG Supplement (PDF 10.1MB)

  

Reporting

2021 ESG Supplement

Detailed information on ANZ's sustainability performance and challenges. Released 27 October 2021.

PDF 10.1MB

2021 Half-Year ESG Targets Update

Half-yearly report on progress against key sustainability targets. Released 27 October 2021.

PDF 378kB

2021 Environmental Performance Report

The 2021 Annual GHG Emissions and Carbon Offset Data Assurance Statement details our global carbon offset data, done by KPMG. Released 27 October 2021.

PDF 289kB

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