Access to a diverse range of certified carbon credits and Renewable Energy Certificates to help you reduce your carbon footprint and to manage regulatory carbon risk.
ANZ is one of the leading Australian banks in the provision of risk management products for carbon markets and has been trading in the Australian carbon markets since 2004. We share our experience with our clients to assist them in reducing their carbon footprint in a creditable way.
ANZ currently trades in the following carbon credits:
Renewable Energy Certificates (REC) under the Mandatory Renewable Energy Target Scheme
Gas Abatement Certificates (GAC) under the NSW Greenhouse Gas Abatement Scheme
Verified Emission Reductions (VER) under Greenhouse Friendly, a voluntary program supported by the Australia Greenhouse Office
Certified Emission Reductions (CER) under the Clean Development Mechanism (CDM) of the Kyoto Protocol that supports the development of carbon abatement projects in developing countries
ANZ also provides carbon credits for customers wishing to reduce their own carbon footprint or to purchase carbon offsets so they can sell green retail products into the markets
Addressing climate change is a journey. That's why we emphasise on building relationships with our clients through:
Understanding the client's motivation and current sustainability position
Educating clients on the carbon markets and differentiation between the various carbon offsets available
Sourcing creditable and competitively priced carbon offsets to ensure the organisation's reputation is maintained
Keeping clients abreast of updates in regulations for the proposed national emissions trading scheme
Updating clients on international regulations of relevance to global organisations
Identifying potential opportunities for quick wins and longer strategic opportunities
Forming strategies to reduce costs through energy efficiency
Successfully lifting the environmental profile of the organisation through targeted initiatives e.g. holding a carbon neutral event
ANZ is particularly concerned about the credibility of carbon offsets that are currently offered in the market and has developed a robust Carbon Standard to identify carbon offsets that provide true environmental benefits. The Carbon Standard criteria are: additionality, permanence, matched, measured, verified and trackable.
Criteria
Description
Additional
Standardised methodology to accurately baseline and measure the emission reductions
Measurable
The project would not have gone ahead under a business-as-usual scenario
Permanent
Emissions are not reversed. There is a mechanism in place guaranteeing that any reversal is immediately replaced or compensated
Trackable
There should be a registry or trackable process to ensure that the carbon credit is not double counted
Verified
Carbon credits are independently verified preferably by a government
Matched
The carbon credit has already been created and not a commitment to be created in future periods
Are you currently measuring your carbon footprint?
Are you interested or actively looking to reduce your carbon footprint?
Are you looking to sell green products to your customers?
Are you interested in understanding some of the potential impacts of the proposed national emissions trading scheme on your business?
Are you interested in buying or selling carbon credits?
If you are interested in any of the above questions, please contact our Electricity, Renewable and Emissions Desk on: +61 3 9095 0014
