Our approach

Our carbon offset procurement strategy

ANZ is committed to measuring, then reducing, and lastly offsetting the carbon emissions from our operations. We do this by:

Each year, ANZ offsets all measured Global Scope 1, 2 and 3 emissions on a retrospective basis. Carbon offsets are retired within 120 days or earlier from 30 June of each year.  ANZ’s carbon offsets approach is in line with the Australian Government’s National Carbon Offset Standard requirements for eligible offsets. There is an annual retrospective reconciliation process of Global Scope 1, 2, and 3 emissions to carbon offsets retired for the reporting year. 

Our results

2014 results

2014 results

Group-wide target

Our group-wide GHG emissions were down by 5 percent exceeding our target of a 3 percent reduction. We exceeded this target through a program of consolidation into more efficient office space, ongoing lighting upgrades and better management of building controls in Australia and New Zealand. There were also a number of effective carbon reduction initiatives in our Asia operations.

  • In Singapore our Platinum LEED rated office continues to look for ways to reduce its carbon footprint – heightened staff awareness of simple ideas like switching off appliances overnight have contributed to a 14 percent energy reduction across our Singaporean offices and branch network.
  • In Taiwan, where we have 20 branches
and offices, GHG emissions were down by
 4 percent. As well as upgrading around 1,000 lights across branches and offices to more environmentally friendly LED fixtures, our team in Taiwan has also demonstrated how the simplest of operational improvements can save energy. ‘Switch-off’ initiatives have encouraged staff to turn-off monitors outside work hours and during lunch breaks. In addition, air-conditioning settings have been optimised for improved climate control during operating hours.
  • In India, our four locations have reduced their carbon footprint by 8 percent (close to 1,000 tonnes CO2 -e). Actively seeking solutions that both reduce cost and environmental impact has resulted in two key programs:
    • Realising that IT equipment uses a significant amount of energy in our office spaces, our team in India identified a software solution that will help our computers to run more efficiently
by intelligently optimising energy requirements across software applications. With work underway to roll-out this technology across more than 4,400 computers, this innovative solution will reduce the energy consumption across the computer network by around 45 percent.
    • Our campus in Bangalore completed a pilot lighting upgrade from fluorescent to LED fittings. This helped save more than $100,000 a year, with an associated carbon saving of more than 500 tonnes CO2 -e (the equivalent of 45 average homes).

GHG: Australia (scope 1, 2 and 3 emissions)

In Australia, we achieved a reduction of -26,000 tCO2-e. This was the result of moving into more efficient buildings such as our 6 star Green Star rated ANZ Tower in Sydney and the implementation of lighting and cooling efficiency projects in commercial buildings and retail branches. We also realised a reduction of over 8,000 t CO2-e from flights in Australia. Despite these reductions, we fell short of the target. This was primarily due to the growth in data centre emissions associated with the increase in mobile banking applications.

GHG: New Zealand (scope 1, 2 and 3 emissions)

We exceeded our New Zealand target with a 13 percent reduction. Emissions reductions across branch and office energy use, travel (flight and vehicle fleet) and waste all contributed to this.

ANZ’s Environmental Targets for reducing greenhouse gases

Country 2014 target (against 2011 performance) 2014 performance
Australia -12 percent -10 percent
New Zealand -5 percent -13 percent

Initiatives to reduce GHG emissions across ANZ

In our workplaces, we continually seek to identify, control and improve our environmental impacts.

Our online environmental reporting system provides a structured approach to assessing the operational impact of our physical footprint on the environment and helps set targets to improve our performance.

Following a successful pilot in Singapore, we have rolled out our environmental reporting system across our operations globally – giving us a more complete picture of our carbon footprint.
Reductions in GHG emissions across ANZ were primarily achieved through reduction in energy consumption of our commercial offices and retail branches, utilisation of sustainable energy solutions such as solar and reductions in global air travel.

Carbon neutrality

ANZ has maintained its commitment to achieving carbon neutrality for the fourth consecutive year in 2013. While we are not a significant emitter of greenhouse gases, we have an opportunity to demonstrate leadership through measuring, reducing and offsetting our carbon footprint. Low Carbon Australia has certified ANZ's Australian operations as carbon neutral under the National Carbon Offset Standard (NCOS). Our carbon offset procurement strategy continues to support ANZ’s goal to be the ‘best connected, most respected’ bank across the region.

As part of our commitment to carbon neutrality, through an independent carbon management company, we support carbon abatement projects that assist communities in the international markets in which we operate. For example, we procured offsets derived from an energy-saving lighting program, delivered by Vietnam Electricity (EVN).

The project arranged installation of
1 million energy-saving light bulbs into 570,000 low income rural households across the Mekong Delta. This contributes to an average reduction of 23,000 tonnes
of carbon emissions per year. That’s the equivalent of taking 16,000 scooters off the road.

2013 results

2013 results

ANZ’s greenhouse gas emissions for 2013 were 329,000 tonnes CO2-e globally. In the key markets, Australia and New Zealand, GHG emissions reduced by 7 percent and 2 percent respectively (compared to the 2011 baseline year).

ANZ’s carbon emissions primarily result from the energy used in our buildings (commercial offices, retail branches and data centres) representing 74 percent of our carbon emissions, and travel, that accounts for a further 15 percent. As the single largest component of ANZ's carbon footprint, energy usage is the major focus of ANZ’s emission reduction strategy.

 

Figure 1: GHG Emissions by Source

Figure 1: GHG Emissions by Source

We are reducing our carbon footprint from energy in two ways: by minimising the amount of energy we use and by generating electricity from lower carbon intensive sources (such as solar, wind and natural gas fired tri-generation).

The second-largest contributor to our greenhouse gas emissions is travel. We are encouraging our people to reduce their non business-critical air travel, supported through the deployment of video conferencing technology throughout our commercial offices. In addition, we are replacing our car fleet with more fuel-efficient vehicles.

Smarter use of transport:

As ANZ continues with its super-regional strategy and we expand across the Asia Pacific region, we are working to reduce our reliance on air travel by using leading edge technology such as high quality telepresence video conferencing. In 2013 we reduced our air travel emissions by 18 percent when compared to our baseline year (2011). Our aim is to create sustainable travel reductions through simultaneously minimising non-essential business travel and installing innovative technology that allows our people to communicate effectively without travelling. In addition, we are replacing our car fleet with more fuel-efficient vehicles. In New Zealand where the car fleet policy change to four cylinder vehicles combined with a focus on minimising non essential travel is now delivering reductions we saw a reduction of 9 percent in fuel use (compared to 2011) representing a 300,000L saving.

ANZ’s environmental target for reducing global air travel

2014 Target (against 2011 performance) 2013 Performance
-10 percent -18 percent

Figure 2: GHG Emissions from Air Travel

Figure 2: GHG Emissions from Air Travel

ANZ’s Environmental Targets for reducing greenhouse gases

Country 2014 Target (against 2011 performance) 2013 Performance
Australia -12 percent -7 percent
New Zealand -5 percent -2 percent

Initiatives to reduce GHG emissions across ANZ

In our workplaces, we continually seek to identify, control and improve our environmental impacts.

Our online environmental reporting system provides a structured approach to assessing the operational impact of our physical footprint on the environment and helps set targets to improve our performance.

Following a successful pilot in Singapore, we have rolled out our environmental reporting system across our operations globally – giving us a more complete picture of our carbon footprint.

Reductions in GHG emissions across ANZ were primarily achieved through reduction in energy consumption of our commercial offices and retail branches, utilisation of sustainable energy solutions such as solar and reductions in global air travel. 

Carbon neutrality

ANZ has maintained its commitment to achieving carbon neutrality for the fourth consecutive year in 2013. While we are not a significant emitter of greenhouse gases, we have an opportunity to demonstrate leadership through measuring, reducing and offsetting our carbon footprint. Low Carbon Australia has certified ANZ's Australian operations as carbon neutral under the National Carbon Offset Standard (NCOS). Our carbon offset procurement strategy continues to support ANZ’s goal to be the ‘best connected, most respected’ bank across the region. 

In 2013 ANZ supported carbon projects across Asia that installed over 1 million energy efficiency light bulbs into low income households in Southern Vietnam and wind power generation projects in China, the combined offset equalling ANZ’s energy needs. These projects are an important part of ANZ’s support of its super-regional strategy serving to improve employee engagement, local community and business support.

2012 results

2012 results

ANZ's greenhouse gas emissions for 2012 were 314,000 tonnes CO2-e. Australia and NZ operations account for nearly 80 percent of ANZ's total carbon emissions and, as such, have been the focus of emission reduction targets to-date.

ANZ's carbon emissions primarily result from the energy used in our buildings (offices, retail branches and data centres) representing 75 percent of our carbon emissions, and travel, that accounts for a further 15 percent. As the single largest component of ANZ's carbon footprint, energy usage is the major focus of ANZ's emission reduction strategy.

Australia and New Zealand Greenhouse Gas Emissions for 2012

Figure 1: GHG Emissions by Source

We are reducing our carbon footprint from energy in two ways: by minimising the amount of energy we use and by generating electricity from lower carbon intensive sources (such as solar, wind and natural gas fired tri-generation).

The second-largest contributor to our greenhouse gas emissions is travel. We are encouraging our people to reduce their non business-critical air travel, supported through the deployment of high quality telepresence technology. In addition, we are replacing our car fleet with more fuel-efficient vehicles.

Smarter Use of Transport tab:

As ANZ continues with its super-regional strategy and we expand across Asia Pacific, we are working to reduce our reliance on air travel by using leading edge technology such as high quality telepresence video conferencing. In 2012 we reduced our air travel emissions by approximately one quarter through minimising non-customer related travel, coupled with the continued roll-out of virtual communication technology, with over 50 tele-presence video-conferencing units across five countries. This reduction achieved associated cost savings of over $15 million. In addition, we are replacing our car fleet with more fuel-efficient vehicles.

ANZ's Environmental Target for reducing global air travel

2014 Target (against 2011 performance) 2012 Performance
-10 percent -25 percent

Air Travel GHG Emissions in tonnes CO<sub>2</sub>-e

Figure 2: GHG Emissions from Air Travel

ANZ's Environmental Targets for reducing greenhouse gases

Country 2014 Target (against 2011 performance) 2012 Performance
Australia -12 percent -6 percent
New Zealand -5 percent +6 percent

Initiatives to reduce GHG emissions across ANZ

In our own workplaces, we continually seek to identify, control and improve our environmental impacts.

Our Environmental Management System (EMS) provides a structured approach to assessing the operational impact of our physical footprint on the environment and helps set targets to improve our performance.

Following a successful pilot in Singapore, we continued to roll-out the EMS across our operations in Asia this year, with a focus on Cambodia and India.

The continued expansion of the EMS across Asia has included the extension of our online environmental reporting, which now captures data from over 30 countries, thereby improving our ability to manage our global environmental performance.

Reductions in GHG emissions across ANZ were primarily achieved through operational improvements in the management of our premises, as well as reduce global air travel. Premises improvements included:

  • Commercial Offices: The commissioning of a tri-generation plant at ANZ's headquarters in Melbourne at the start of 2012 represented a significant milestone in our efforts to reduce emissions from our premises. The ANZ Centre is now certified as a world-leading 6 star GreenStar building under the Green Building Council of Australia's GreenStar rating system. Further reductions in emissions were achieved from energy efficiency improvements made to building services across ANZ commercial sites in New Zealand, Australia, Cambodia and Singapore.
  • Retail branch network: ANZ also began a major retail refurbishment strategy during 2012 with over 40 retail sites upgraded. This strategy is expected to achieve reductions in energy use through installation of lighting that is more efficient and the minimization of non-critical after hours energy consumption.
  • Data Centres: The retirement of redundant equipment at ANZ’s Australian data centres in 2012 is also expected to achieve estimated energy cost savings of around $0.4m per year. Assessment of group-wide Data Centre opportunities will continue in 2013.

Further implementation of our EMS across our global business in 2013 will enable us to establish a group-wide baseline for our energy use and associated GHG emissions with improved granularity to set targets for global reductions going forward.

Carbon Neutrality

ANZ has maintained its commitment to achieving carbon neutrality for the third consecutive year in 2012. Whilst we are not a significant emitter of greenhouse gases, we have an opportunity to demonstrate leadership through measuring, reducing and offsetting our carbon footprint. Low Carbon Australia has certified ANZ's Australian operations as carbon neutral under the National Carbon Offset Standard (NCOS).

2011 results

2011 results

Australia

Despite strong gains in our environmental performance, we have faced challenges in reducing our absolute carbon emissions in Australia. ANZ’s regional business growth, including a number of acquisitions, has led to an increase in the absolute carbon emissions associated with energy used and air travel.

Despite this growth, ANZ's greenhouse gas intensity (measured in tonnes of CO2-e per Full Time Equivalent staff member) remained relatively static, from 10.16 tonnes per FTE in 2009 to 10.08 tonnes in 2011.  

New Zealand

In New Zealand, absolute greenhouse gas emissions have reduced by 13 percent since 2009, well in excess of our 2.5 percent target. This has been achieved by improving our energy efficiency, reducing road travel, minimising the use of paper, less reliance on natural gas, and an increasing use of renewable energy.

Over the same period, ANZ's greenhouse gas intensity (measured in tonnes of  CO2-e  per Full Time Equivalent staff member) has reduced from 2.33 tonnes CO2-e in 2009 to 2.02 tonnes in 2011 (-13 percent).

Greenhouse gas emissions - New Zealand

Australian Government&aposs National Carbon Offset Standard

ANZ has maintained carbon neutrality across our global business since 2010. Our commitment is consistent with the Australian Government's National Carbon Offset Standard (NCOS), a voluntary framework that provides accreditation for companies to become carbon neutral.

Low Carbon Australia has certified ANZ's Australian operations as carbon neutral under the NCOS. Simultaneously, we have offset our carbon emissions from our operations outside of Australia consistent with the NCOS.

In keeping with ANZ's super-regional strategy, our offset projects are primarily based in developing countries where we have a growing presence, such as India, China and Indonesia.

In 2011, ANZ purchased Verified Carbon Standard (VCS) offsets generated from geothermal, wind and biomass residue power projects in Indonesia, China and India.

2010 results

2010 results

Please refer to our Greenhouse Gas emissions inventory for a complete overview of what we include in our Greenhouse Gas emissions reporting.

Australia

Greenhouse Gas emissions across Australia rose this year to 11.00 tonnes per FTE, up from 10.08 in FY09 (+9.1 percent).

Greenhouse Gas emissions per FTE (Australia)

New Zealand

Greenhouse Gas emissions across New Zealand rose this year to 2.76 tonnes per FTE, up from 2.60 in FY09 (+6.2 percent).

Greenhouse Gas emissions per FTE (New Zealand)

Carbon Neutrality

We have delivered on our commitment to achieve carbon neutrality across our business.

Our commitment is consistent with the Australian Government's National Carbon Offset Standard (NCOS), a voluntary framework that provides accreditation for companies to become carbon neutral.

The Australian Carbon Trust has certified ANZ's Australian operations as carbon neutral under the NCOS. Simultaneously, we have offset our carbon emissions from our operations outside of Australia using the NCOS framework.

Consistent with ANZ’s super regional strategy, our offset projects are primarily based in developing countries where we have a presence such as India, China, Cambodia, Thailand and Indonesia.

2009 results

2009 results

While Greenhouse Gas (GHG) Emissions in Australia reduced overall by 1,080 tonnes, they increased per FTE from 8.74 to 8.79 tonnes, up 0.6 percent.

Australia

GHG - Australia

Changes in the way air travel emissions are measured by the World Resources Institute has resulted in higher total emissions output, despite a reduction in kilometres travelled, that would have otherwise been lower per FTE.

Our New Zealand operations saw a reduction from 2.17 tonnes of GHG emissions per FTE to 2.12, down 2 percent, and an overall decrease of 1,454 tonnes.

New Zealand

GHG emissions - New Zealand

Greenhouse Gas Emissions reduced by 15 percent in India in 2009.

The future

Our new two year goal for GHG emission reductions is 6 percent in Australia and 2 percent in New Zealand.

We continue to work towards our carbon neutral commitment.

2008 results

2008 results

ANZ continues to make progress in achieving reduction of Greenhouse Gas Emissions per FTE for across both Australian and New Zealand businesses.

Australia - Greenhouse Gas Emissions

New Zealand - Greenhouse Gas Emissions

In Australia ANZ has achieved a 5 percent reduction per FTE for the year 2008. This is a reflective of the commitment to our carbon reduction strategy in line with our Carbon Neutral goal. This equates to an actual overall reduction of 489 tonnes in comparison to the previous year. Had we maintained our greenhouse gas per FTE at 2007 intensity levels ANZ would have generated an additional 9,824 tonnes of carbon.

Australia - Greenhouse Gas Emissions per FTE

In New Zealand the two year carbon reduction target was achieved with a 7 percent reduction per FTE for the period ending September 2008.

New Zealand - Greenhouse Gas Emissions per FTE

The future

We are continuing to work towards our goal of achieving carbon neutrality across the entire Australian and New Zealand business by December 2009.

 

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