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Environmental sustainability

ANZ is supporting its Institutional and Corporate customers in their transition through one of the largest economic shifts in our lifetimes – to a net zero economy.

We are committed to environmental sustainability and helping our customers in the transition to a low carbon economy in a just and orderly manner.

In order to do so, work is underway to encourage and support 100 of our highest-emitting business customers to identify their climate change risks, create transition plans and report publicly on their progress.

Our response to climate change

ANZ & Pollination partner towards net zero

ANZ Institutional and Pollination have entered a new strategic partnership that will support their customers as they transition to net zero. The partnership combines ANZ’s market-leading Institutional bank with Pollination’s deep climate and nature advisory and investment capabilities.

Read more

Low carbon transition plan

It is fast becoming the norm for companies to publicly outline their low-carbon transition plans so that investors, regulators and other stakeholders can assess their climate risk management.

At ANZ, we’ve been doing our bit by being carbon neutral since 2010, setting higher targets for ourselves and improving our carbon disclosures. We’re also helping our customers achieve their objectives.

Our revised sustainability plan

Having exceeded our target to reach $15 billion in environmentally sustainable solutions by 2020, we have set a new $50 billion sustainable finance target by 2025.

This target will fund and facilitate initiatives that help improve environmental sustainability, increase access to affordable housing and promote financial wellbeing.

The global transition requires enormous investment and bank lending makes up the significant source of funding for this transition.

In recognition of this, we reviewed our approach to climate change in 2021 to ensure we act in support of customer, community and government efforts to facilitate the transition to net zero emissions by 2050.

 

Our approach commits us to a number of actions. They include:

  • Fund and facilitate $50 billion by 2025 to support our customers to transition to a low carbon economy, including initiatives that help improve environmental sustainability, increase access to affordable housing and promote financial wellbeing
  • Encourage and support 100 of our highest-emitting business customers to establish and publish low carbon transition plans
  • No direct financing for developing new coal-fired power stations, other than those using the cleanest commercially available technologies, and encouraging customers that have coal-fired generation assets to work towards setting medium and long-term emission reduction targets
  • Only consider lending to customers in the thermal coal value chain where their thermal coal operations are less than half their revenue, installed capacity or generation

Hydrogen and what you need to know

The ANZ Hydrogen Handbook is a useful research tool with up-to-date, insightful and practical information on the emerging hydrogen economy.
 

Learn about hydrogen

 

Supporting our customers and the community

The carbon reduction challenge is a whole-of-economy issue impacting not only the energy sector, but transport, buildings and food and agricultural industries.

We understand that our customers have different starting points, challenges and environmental strategies, which is why our focus is to support an orderly and just transition. Careful consideration to the impacts on communities while managing our climate-related risks is also critical.

We’re committed to ensuring that environmental sustainability is at the centre of our strategies, planning and decisions, and we will continue to support our customers as they navigate their way towards a low carbon economy.

It’s not easy being green,
but our future depends on it.

ANZ has played a key role in developing the Green, Social and Sustainability Bond and Loan markets across Australia, New Zealand and Asia.

In 2021, ANZ was named Best Sustainable Finance House in the FinanceAsia Australia & New Zealand Achievement Awards and KangaNews Global Coverage House of the Year - Sustainability, reflecting our position as a clear leader in the sustainable finance sector in Australia.

We are a Green Bond Principles member and a Climate Bonds Initiative partner. We also participate in the Loan Market Association’s Green Loans Committee.

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