Our approach and performance
Investing in the environment
We are committed to developing business solutions and high-quality, trusted advice to assist our customers in reducing their impact on the environment. Our approach is informed by research and by our understanding of the key sectors impacted by environmental issues. This enables us to work with our customers to anticipate and respond to industry trends.
We have set a target to implement financial products and services to assist customers to transition toward a lower carbon economy and to increase the proportion of project finance lending to the renewable energy and gas sectors.
|Investing in sustainable projects|
ANZ's Specialised Finance team in conjunction with relationship support from Utilities & Infrastructure, has worked with leading renewable energy companies to arrange finance for developments across Australia and offshore, including:
|Case study: Supporting growth in renewable energy in Australia|
We’ve helped Australia's leading renewable energy company, AGL Energy (AGL) along with New Zealand’s Meridian Energy, finance the Macarthur Wind Farm, the largest wind farm in the southern hemisphere, and one of the biggest in the world.
The Macarthur Wind Farm, once operational, will have the capacity to power more than 220,000 average Australian homes and abate more than 1.7 million tonnes of greenhouse gases every year.
Additionally, we have provided funding for the construction and operation of the Mumbida wind farm which is jointly owned by Verve Energy and Macquarie Capital Group.
This wind farm which is located near Geraldton in Western Australia will generate 55MW of electricity from 22 wind turbines and will be the first project to utilise the new GE 2.5xl wind turbine which includes new noise reducing blades.
|Case study: Enabling fresh water supply in Sri Lanka|
ANZ has acted as sole arranger and lender of financing of Outotec Limited’s contract in Sri Lanka to install a new water treatment and distribution system.
Outotec is a world-wide technology leader in minerals and metals processing, providing innovative and environmentally sound solutions and services.
The project aims to address significant water quality and scarcity issues in the Ampara District, caused by irrigation intensive farming practices and water pollution. It will also provide previously un-served and growing communities with quality piped drinking water.
ANZ is one of the leading banks in the provision of risk management products for carbon markets.
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