2007 PERFORMANCE SUMMARY
| GOAL | COMMENTARY | PERFORMANCE |
|---|---|---|
| Reduce our Lost Time Injury Frequency Rate (LTIFR) by a further 20% in Australia and New Zealand | ANZ achieved its goal of a 20% reduction in Australia's Lost Time Injury Frequency Rate (LTIFR) from 3.8 in September 2006 to 3.0 in September 2007. In New Zealand, as a result of improved data, the LTIFR for 05/06 has changed from 1.5 to 3.6. The LTIFR for 06/07 is 1.6 resulting in a 56% reduction. The New Zealand LTIFR is calculated using only LTIs that become a workers' compensation claim. |
Achieved |
| Close the gap on pay differential between men and women at all level | Following the 2006/07 Remuneration Review the weighted average differential between male and female management salaries in Australia has improved from 3.1% in favour of males to 2.6% in favour of males. For all Australian employees, the weighted average differential has moved from 0.4% in favour of males to 0.2% in favour of females. | Partially achieved |
| Improve our performance on the ANZ Engagement and Culture Survey | Eighty-seven per cent of staff participated in our annual Engagement and Culture Survey. Employee engagement increased from 60 to 64%, solidly above the Australasian financial services sector benchmark of 58%. | Achieved |
| Achieve our 2007 targets for women in management roles including 24% female executives | We continue to focus on achieving our three year targets for women in management. While the percentage of females in executive positions increased from 20% in September 2006 to 22% at the end of September 2007, we did not achieve our target of 24%. Our programs and initiatives to advance women within our organisation were again acknowledged by Equal Opportunity in the Workplace Agency which recognised ANZ as an Employer of Choice for Women for the sixth consecutive year. |
Did not achieve |
| Employ 50 Indigenous Australians, as part of our Indigenous Employment Strategy | We have 35 Indigenous school-based trainees including eight in metropolitan Sydney and the remainder in rural New South Wales and Western Australia. By December 2007 we plan to have 81 additional Indigenous school-based trainees in Regional and Rural Banking and 50 in Retail Banking. We also announced the most significant Indigenous employment targets of any Australian company as part of our Reconciliation Action Plan. This includes the recruitment of at least 300 young Indigenous trainees by 2009 and the promotion of 20 Indigenous employees on merit to ANZ management positions by 2014. | Partially achieved |
| For more detailed information, visit the People section or read the full Corporate Responsibility Report. | ||
2008 GOALS
- Achieve our targets for women in management
- Close the gap on pay differential between men and women at all levels of the organisation
- Reduce our Lost Time Injury Frequency Rate (LTIFR) by a further 20% in Australia and New Zealand and report performance globally
- Improve our performance in the ANZ Engagement and Culture Survey
- Employ 100 Indigenous Australians, as part of our Indigenous Employment strategy
