2007 PERFORMANCE SUMMARY
| GOAL | COMMENTARY | PERFORMANCE |
|---|---|---|
| Achieve our target to reduce our environmental footprint by a minimum of 5% by 2007 | We met or exceeded our two-year targets to reduce electricity and paper consumption, greenhouse gas emissions and waste by 5%. We did not meet our water reduction target. | Partially achieved |
| Continue to improve supply chain reporting and expand the reach of our Sustainable Procurement Policy | One hundred and seventy suppliers have completed our supplier self-assessment tool (an increase of 70 from the previous year) and 90% of tenders for ANZ goods and services have included sustainability criteria. New sustainable sourcing standards were introduced to support our Sustainable Procurement Policy and guide purchasing decisions. These cover printed matter and office paper. We customised our supplier self-assessment tool to suit the needs of large and small businesses. Data from completed assessments will be aggregated and reported in 2008. |
Achieved |
| Engage with internal and external stakeholders to establish ANZ's environmental performance targets for 2008-2010 | We established new two-year environmental performance targets to achieve a 5% reduction in electricity and water usage per Full Time Equivalent (FTE) and a 10% reduction in paper purchased and waste to landfill per FTE. The targets were set following an international review of current and emerging practices in environmental management amongst leading financial institutions and other sectors globally, together with engagement with our key environmental stakeholders in Australia and New Zealand. The new targets will also be reflected in our updated Environment Charter which will be released next year. | Achieved |
| For more detailed information, visit the Environment and supply chain section or read the full Corporate Responsibility Report. | ||
2008 GOALS
- Work towards our two-year goals to: achieve a 5% reduction in electricity and water usage per FTE; achieve a 10% reduction in paper purchased and waste to landfill per FTE; become carbon neutral in Australia and New Zealand by the end of 2009
- Increase the number of suppliers undergoing detailed social and environmental screening by 50%
- Ensure sustainability clauses are included in 100% of tenders issued by our Sourcing Alliances team
- Review our sustainable procurement policy, develop sector-specific social and environmental standards for our suppliers and audit suppliers' performance against these standards
