2007 PERFORMANCE SUMMARY
| GOAL | COMMENTARY | PERFORMANCE |
|---|---|---|
| Enable 1,500 people to participate in Saver Plus, and reach 20,000 people through MoneyMinded | ANZ's Saver Plus matched savings and financial literacy program is running in 19 locations with 1,385 new participants this year. Research shows that 75% of participants from the initial pilot continue to save the same amount or more one to two years after completing the program. A total of 22,458 people participated in our MoneyMinded financial education program this year. An additional 1,040 facilitators were trained to deliver MoneyMinded throughout Australia. We also extended the reach of the program, launching five online courses and a monthly newsletter for MoneyMinded subscribers. |
Partially achieved |
| Achieve 60,000 hours of staff volunteering and 15% participation in workplace giving | This year, 27% of all ANZ staff contributed a total of 73,098 hours of volunteering as part of our ANZ Volunteers program. Fifteen per cent of Australian and 11.6% of New Zealand employees participated in our workplace giving programs - Community Giving and the New Zealand Staff Foundation. Their contributions were matched dollar for dollar by ANZ, in total providing $1,108,733 in funding for more than 100 community organisations. |
Achieved |
| Evaluate the Progress Loans Victorian pilot and extend the program to three additional States, writing at least 200 new loans | Progress Loans has been extended to two more locations around Melbourne following the completion of the initial 12-month pilot in May this year. We have deferred further expansion to other States pending recommendations from the full evaluation of the pilot program, including its social impact, which will be released in early 2008. In 2007, 245 applications for Progress Loans were received with 165 (67%) being approved for a total lending value of $288,260. The average loan size was $1,796. |
Partially achieved |
| Work with Indigenous organisations and other stakeholders to develop and implement a Reconciliation Action Plan | ANZ launched its Reconciliation Action Plan in April and achieved our commitments for 2007. The Plan included the most significant Indigenous employment targets of any major Australian company and a focus on improving financial literacy and inclusion amongst Indigenous Australians. | Achieved |
| For more detailed information, visit the Community section or read the full Corporate Responsibility Report. | ||
2008 GOALS
- Release ANZ's bi-annual financial literacy research
- Meet our financial literacy and inclusion program targets: enable 1,500 people to participate in Saver Plus, reach 30,000 people through MoneyMinded and achieve 300 Progress Loans participants
- Achieve 70,000 hours of staff volunteering across the Group and 15% participation in payroll giving
- Achieve the commitments in our Reconciliation Action Plan including staff training, financial literacy and assisting to build the capacity of Indigenous organisations
