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Respondent CDP 2008: Australia and New Zealand Banking Group Limited

General Information
<>It requirement CDP questionnaire introduction answer like text box attach document
Climate change global challenge requires global response Individuals governments businesses including banks role play meeting challenge ANZ responding climate change poses potentially risks environment way life economy particularly clients approach based Decision frameworks ensuring decisions based sound social environmental standards Client stakeholder engagement assisting clients respond effectively social environmental risks opportunities facing business including stakeholders development social environmental policies standards Building knowledge ensuring staff access relevant information training environmental issues affecting clients business sharing information clients stakeholders Understanding reducing environmental footprintAssisting clients reduce carbon footprint focus response climate change clients exposure effects climate change – involved agriculture vulnerable risk water shortages electricity mining chemicals transports plastics manufacturing heavily impacted carbon regulation DECISION FRAMEWORKSWe assess potential environmental impact corporate clients develop understanding (and consequently our) exposure established framework guide assessment Wholesale Credit Policies require clients undergo social environmental screening developing public policies issues relating climate change ensure lending investment decisions transparent align internationally recognised social environmental standards external stakeholders (including government clients NGOs) involved formation policies including Forests Policy released 2008 CLIENT STAKEHOLDER ENGAGEMENTWhere appropriate follow assessment client agreeing specific measures mitigate exposure climate change instance products facilitate investment carbon reducing technologies advice assist participate carbon markets meet voluntary mandated limits emissions support continued development renewable low carbon intensity energy sources ANZ Infrastructure Services (ANZIS) specialist adviser investment manager established special purpose investment trusts encourage investment environmentally sustainable energy infrastructure wind farms bio diesel plants gas pipelines gas fired power stations project finance team arranged financing various renewable energy projects BUILDING KNOWLEDGEAn eco literacy program developed ANZ staff partnership WWF Australia includes workshops presentations information environmental issues aim improving understanding engagement environmental issues organisation stimulate discussion individuals work home improve environmental performance ensure staff information tools need understand environmental risks opportunities facing clients advise clients effective responses risks opportunities includes guidance notes outlining key regulatory social environmental issues facing sectors service interactive tool guide staff social environmental screening client Project finance staff receive dedicated training implementation Equator Principles international experts UNDERSTANDING REDUCING FOOTPRINTWe demonstrate commitment action climate change reducing environmental footprint encouraging clients supply chain Environmental Management place including specific public targets cut consumption water electricity paper reduce emissions waste invested new flagship workplace completed 2009 designed achieve highest possible environmental rating committed Australian New Zealand operations carbon neutral end 2009 survey response refers 2007 Corporate Responsibility Report (http //www anz com/cr2007) documents appropriate Additional information approach available http //www anz com/aus/About ANZ/Corporate Responsibility/Environment asp public statement climate change available http //www anz com/aus/About ANZ/Corporate Responsibility/Current Issues asp

 
<>Where available provide following identification numbers primary listings/ordinary shares information company Company Turnover (also known sales) millions US$
10500

 
<>ISIN number
AU000000ANZ3

 
<>CUSIP number
05258304

 
<>SEDOL number
6065586

 
1 - Risks and Opportunities
Question 1(a)(i) Regulatory Risks
<>How company exposed regulatory risks related climate change
We consider our company to be exposed to regulatory risks because... 
ANZ indirect direct exposures regulatory risk related climate change INDIRECT EXPOSURESANZ’ s exposure regulatory risks primarily indirect impact clients particularly high carbon intensity industries like power generation transport mining manufacturing immediate regulatory risk clients impost current future caps carbon emissions cost mitigation Australian Federal Government recently ratified Kyoto Protocol committed releasing draft legislation national Emissions Trading Scheme end 2008 finalising scheme commencement 2010 New Zealand government tabled legislation establishing NZ Emissions Trading Scheme covering greenhouse gases sectors Regulatory risks clients including arising mandated restrictions GHG emissions translate demand products services facilitate investment energy efficiency carbon reducing technologies finance renewable energy low carbon energy projects context emerging cap carbon advice earning trading carbon credits participating carbon renewable markets currently assess climate change related regulatory risks standard client screening processes implementation social environmental management policies diligence processes application Equator Principles ANZ’ s Institutional division analysed portfolio identify clients exposed climate change risks increases cost water mandated restrictions carbon emissions addition developed guidance notes staff environmental issues commonly associated particular industry sectors service contain overview sector's regulatory requirements key social environmental issues facing sector measures expect client sector effectively identify manage social environmental risks analysis customer base helps identify ‘ risky’ sectors clients new business opportunities provide clients range products services assist mitigate regulatory risks response question 1(b) Future carbon prices potential carbon credits factored financial decision making processes possible absence national carbon trading scheme Australia unable account future price carbon absolute certainty factor estimated future carbon pricing modelling risk assessment clients operate outside Australia carbon prices/credits apply fully factored diligence assessment processes year initiated review international best practice assessing credit risk related carbon exposure climate change improve practices DIRECT EXPOSURESANZ operations Australia categorised ‘ high energy user’ Energy Efficiency Act 2006 (Cth) consequently mandatory obligation legislation identify energy efficiency opportunities report Federal Government progress implementation opportunities Requirements EEO 1 July 2008 streamlined new National Greenhouse Energy Reporting (NGERS) require Australian corporations including ANZ report greenhouse gas emissions reductions removals offsets energy consumption production data collected form basis national emissions trading scheme ANZ continue contribute Government’ s continuing consultation process legislation participating pilot new reporting information assessment regulatory risks clients available http //www anz com/aus/About ANZ/Corporate Responsibility/Environment/Responsible Business Banking/Responsible Business Decisions asp

 
<>Would like provide additional information relating question provided
No 

 
Question 1(a)(ii) Physical Risks
<>How company exposed physical risks climate change
We consider our company to be exposed to physical risks because... 
ANZ’ s operations largely urban based commercial office space major cities branch offices regional centres small rural towns physical risks ANZ climate change (i e extreme weather flooding wind bushfires drought) likely small material direct operating risk expense ANALYSING DIRECT RISKSANZ’ s Operational Risk team conducts annual assessments climate related physical risks bank particularly relation extreme weather events forms monthly operational risk review process ANZ department Business Continuity Plan detailing likely risks (including extreme weather events mitigants BCP procedures) Disaster Recovery Plan ANZ large branch presence Pacific island communities including Fiji Kiribati Solomon Islands communities particularly vulnerable effects climate change experience shortage supply mains electricity reduce reliance traditional energy sources deliver effective reliable banking services ANZ accelerated investment renewable energy Pacific operations establishing solar powered branches Cook Islands Kiribati solar powered ATMs Solomon Islands insurance business continuity plan arrangements ANZ properties Pacific provide particular climate related risks face areas including flooding storm cyclone damage office processing hub Fiji (which provides office processing services ANZ operations Pacific region) located site specifically selected low risk exposure effects flooding cyclones earthquakes strengthening resilience Pacific operations physical risks climate change RISKS CLIENTSThe physical impacts climate change material respect provision products services sectors particularly vulnerable extreme weather resource shortages (e g agriculture forestry stationary energy generation mining transport logistics water utilities tourism) ANZ range assessment diligence processes evaluate physical impacts climate change portfolio level sector individual client level outlined ANZ conducts stress testing sensitivity analysis Group level takes account climate change related risks example year Oct 06 Sept 07 ANZ conducted stress testing scenarios covering impact drought ANZ’ s portfolio ANZ provides information potential cost extreme weather use internal external expertise example ANZ Economics prepares research papers ‘ Impact drought 2006 07’ (November 2006) use staff clients assessment risks financial implications extreme weather events particularly transactions high risk sectors agriculture tourism infrastructure services factored normal diligence process

 
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No 

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Question 1(a)(iii) General Risks
<>How company exposed general risks result climate change
We consider our company to be exposed to general risks because... 
ANZ aware potential risks climate change poses reputation responsible bank Banks unprecedented scrutiny environmental NGOs groups role financing industries high environmental impact power generation mining forestry Failure apply appropriate social environmental standards business decisions respond effectively stakeholders raising concerns bank’ s involvement particular transaction result public criticism activism bank ultimately damage reputation particular ANZ past faced criticism financial support coal fired power station projects funding coal exports region involvement forestry industry questioned support clients operating countries developing legal governance frameworks appropriate environmental standards applied activities Failure respond effectively scrutiny worst case contribute loss customers drop share price ANZ taken number steps ensure business decisions informed sound social environmental standards regardless geographical location client appropriate framework inform clients environmental standards expect meet work achieve standards information reputation issues facing responded 2007 Corporate Responsibility Report http //www anz com/aus/Corporate Responsibility 2007/Customers/managing social environmental risks asp response question 1(a)(iv) general risks arise change customer demands attitudes result climate change need understand respond effectively demands attitudes instance emerging emissions trading scheme Australia increased demand corporate clients especially environmentally sensitive industries products facilitate investment energy efficiency carbon trading products conduct regular consumer research determine level nature demand ‘ green’ banking products services retail customer base ensure responding appropriately customers’ needs

 
<>Would like provide additional information relating question provided
No 

 
Question 1(a)(iv) Risk Management
<>Has company taken planned action manage general regulatory risks and/oradapt physical risks identified
We have taken or planned action. 
ANZ taken number steps minimise risks climate change 1 UNDERSTANDING RISKS CLIENTS SUPPORTING IMPROVEMENTWe established framework identify manage risks climate change face clients impact ANZ indirectly SOCIAL ENVIRONMENTAL POLICIESANZ process preparing set public policies guidelines make decisions transactions potential impact environment raise social policy ethical issues ANZ use policies basis discussion clients environmental risks opportunities facing business work client compare business practices Policy’ s requirements practices clients meet exceed standards event gaps ANZ client agree action plan client respond outstanding issues specified time frame ANZ’ s Forests Policy policies Policies energy water mining currently development information ANZ’ s Forests Policy http //www anz com/aus/About ANZ/Corporate Responsibility/Environment/Responsible Business Banking/Responsible Business Decisions/Forests Policy asp CLIENT SCREENINGWe developed practical way staff assess clients exposure climate change environmental risks potential indirect impact ANZ client screening tool takes staff series questions designed gauge potential social environmental issues associated business implications ANZ supporting business Clients rated approach issues Questions raised screening tool include client requires environmental licence permit operate client acknowledges social environmental risks business managing risks ANZ applies screen new clients ANZ's Institutional business Existing clients screened annual basis entering transaction judged ANZ potentially significant environmental impact issues identified screening evaluate nature issues existing potential stakeholder concerns discuss issues client assess client's capacity willingness manage issues outcomes screening identify opportunities ANZ assist client manage risks business instance finance best available carbon reducing technologies Based assessment decide proceed transaction measures client mitigate social environmental impact apply Equator Principles decision making project finance proposals globally INDUSTRY ANALYSISWe developed Industry Guidance Notes provide guidance staff social human rights environmental issues commonly associated industry sectors service Guidance Notes contain overview sector’ s regulatory requirements key social environmental issues facing sector including related climate change measures expect client sector effectively manage risks conducted detailed analysis lending portfolio identify clients affected environmental factors like heavy reliance water fossil fuels allows identify clients high level exposure water shortages restrictions carbon emissions encourage adopt strategies manage exposures PRODUCTS SERVICESANZ leading banks provision carbon market risk management products activity area includes trading Renewable Energy Certificates Greenhouse Gas Abatement Certificates GreenPower Rights assist clients manage mandated carbon renewable energy targets providing hedging renewable carbon credits carbon abatement projects Australia internationally expanding international carbon market providing risk management services Clean Development Mechanism projects developed Kyoto Protocol ANZ experienced traded carbon renewable energy markets continue contribute development viable market based emissions scheme Australia RISK MANAGEMENT FRAMEWORKANZ clear framework identifying reputation social environmental risks including relating climate change raising consideration senior management management level Corporate Responsibility Council oversees integration implementation ANZ’ s Sustainability strategy reports Board’ s Governance Committee ANZ’ s Management Board Council senior executives business operational areas corporate centre specific responsibility aspects Corporate Responsibility sustainability agenda Council chaired ANZ’ s Chief Financial Officer includes 4 members ANZ’ s Management Board 2008 Council’ s powers strengthened include providing strategic leadership Group Corporate Responsibility Agenda identifying overseeing monitoring current emerging CR risks opportunities advising Management Board strategies address CR risks opportunities setting public CR targets consultation Management Board integrating CR policies management systems business reviewing approving significant CR programs expenditure Credit Trading Risk Committee senior executive management forum responsible oversight control credit market risk responsibility understanding addressing reputation impacts credit bank’ s larger clients 2007 established Asia Pacific Reputation Risk Committee develop strategies policies assist reputation risk management corporate responsibility awareness corporate governance Asia Pacific businesses BUILDING EMPLOYEE UNDERSTANDING CLIMATE CHANGEANZ WWF Australia developed ‘ Eco Literacy’ program ANZ staff includes face face workshops environmental issues aim improving understanding engagement issues climate change stimulate discussion individuals work home improve environmental performance ANZ developed online Environmental training course staff designed provide employees better understanding ANZ’ s environmental targets ANZ staff contribute reducing organisation’ s impact Participants ANZ’ s Graduate Program formed People Waste internal forum designed formulate ways ANZ people cut paper usage ANZ worked WWF Australia provide intranet based know how/expertise climate change issues “ cool change” web site resource library provides copies industry reports information data & studies environmental issues – including climate change staff weekly e bulletin called ‘ cool changers’ includes news editorial & views current environmental issues upcoming events eco blog provides communication interaction ANZ employees WWF respond environmental queries addition ANZ Group environment intranet site provides staff details Environmental agenda performance INTERNAL ADVISORY SERVICESANZ developed environmental/climate change centres expertise advisory services number businesses WWF offers advisory service ANZ staff climate change related issues Institutional & Corporate Sustainability team provides Centre Excellence /Advisory service business banking team develops industry guidance notes providing overview sector’ s regulatory requirements key social environmental issues facing sector – including climate change measures expect client sector effectively identify manage social environmental risks ANZ Group Economics provides business clients regular reports economic impact environmental issues climate change 2 SETTING TARGETS REDUCE CARBON FOOTPRINT PREPARING CARBON CONSTRAINED ENVIRONMENTANZ public targets cut consumption resources restrict greenhouse gas emissions generation waste developed Environment Management (EMS) gives structured approach assessing operational impact environment setting targets improve performance EMS governs measure report progress addition ongoing work improve energy fuel efficiency ANZ announced plans Australian New Zealand operations carbon neutral end 2009 Read performance reducing environmental footprint including greenhouse gas emissions page 79 2007 Corporate Responsibility Report 3 STRONG STAKEHOLDER ENAGEMENT PARTNERSHIPSANZ believes effective stakeholder engagement regular communication assist bank effectively identify manage issues opportunities associated banking clients environmentally sensitive industries ANZ updates stakeholders approach progress particularly controversial transactions dedicated page website corporate responsibility e bulletin sent 5000 CR stakeholders month addition depth meetings ANZ regularly stakeholders (e g representatives environmental NGOs) interested particular issue transaction Position statements current contentious issues http //www anz com/aus/About ANZ/Corporate Responsibility/Current Issues asp Editions monthly CR stakeholder e bulletin available http //www anz com/aus/values/resources/default asp#option11 ANZ’ s Institutional Division encompassing businesses providing range financial services ANZ’ s corporate institutional clients formed partnership conservation organisation WWF Australia partnership based shared objective improve ANZ Institutional's knowledge response environmental issues associated business key objectives partnership assist integration environmental considerations ANZ Institutional's lending decisions provide information staff environment (eco literacy) help WWF's staff supporters learn corporate investment banking impact positively environment Institutional Division hosts quarterly Business Sustainability Forums encourage client stakeholder engagement range sustainability issues Recent events included ‘ Energy Futures’ Greg Bourne CEO WWF Australia ‘ Future Financing Forests’ substitute effective risk identification minimisation methods ANZ holds insurance protect commercial properties effects severe climatic events including attributable climate change

 
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No 

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Question 1(a)(v) Financial Business implications
<>How assess current and/or future financial effects therisks identified risks affect business
We assess current and/or future financial effects by... 
INDIRECT IMPACTOur success relies having profitable managed clients commercial interests thoroughly assess respond risks associated project client involved including relating climate change Failure identify manage risks threaten long term viability project client support instance client does comply effectively environmental regulation risk regulatory intervention reduced productivity loss profit Climate change risks identified assessed client screening process applied new corporate clients annually existing clients gauge potential social environmental issues associated business assist staff carry assessment developed Industry Guidance Notes provide guidance staff social human rights environmental issues commonly associated industry sectors service apply Equator Principles decision making project finance proposals necessary obtain independent expert advice assist social environmental assessment proposed projects addition conducted detailed issue analysis Institutional lending portfolio identify clients affected environmental factors like heavy reliance water fossil fuels use analysis identify clients high level exposure water shortages restrictions carbon emissions assist strategies manage exposures cases measures formal undertakings client similar assessments demonstrate majority (79%) Institutional loan portfolio sectors low medium social environmental impacts DIRECT IMPACTOur work reduce direct carbon footprint driven corporate responsibility financial implications failing measures place improve energy efficiency reduce carbon emissions Mandatory carbon constraints trading schemes Australia New Zealand reality substantial financial implications business Businesses fail adapt carbon constrained economy face higher energy costs long term lose opportunities profit cuts energy use reductions carbon emissions future aim carbon neutral Australia New Zealand end 2009 business plan support ANZ’ s goal developed progress plan monitored monthly basis financial incentives improving energy efficiency regularly analyse current pattern energy use identify energy efficiency measures deliver greatest dollar savings instance ‘ smart’ meters installed 90% commercial office buildings Australia measure consumption gas electricity water meters help identify opportunities improve efficiency quantify financial benefits previous efficiency measures estimated saving 12 months approximately AUD250 000 attributable measures place increase energy efficiency ANZ Australia direct financial implications failing comply reporting obligations Energy Efficiency Act 2006 (Cth) corporation fails report Federal Government energy efficiency opportunities progress implementation required Act subject penalty AUD220 000 breach (~USD200 000)

 
<>Would like provide additional information relating question provided
No 

 
Question 1(b)(i) Regulatory Opportunities
<>How current anticipated regulatory requirements climate change offeropportunities company
We consider that current or anticipated regulatory requirements offer opportunities because... 
focused developing practical ways support investment clients energy efficient technology renewable energy sources transition carbon constrained economy ANZ leading banks provision risk management products carbon markets development carbon trading schemes Australia New Zealand provides opportunity significant growth area business current activity area includes trading Renewable Energy Certificates Greenhouse Gas Abatement Certificates GreenPower Rights assist clients manage mandated carbon renewable energy targets providing hedging renewable carbon credits carbon abatement projects Australia internationally expanding international carbon market providing risk management services Clean Development Mechanism projects developed Kyoto Protocol Mandatory caps carbon emissions increase demand measures improve energy efficiency investment renewable energy options mentioned ANZ screens new existing corporate clients social environmental issues associated business allows identify risks opportunities provide products services facilitate investment opportunity assist clients countries developing legal regulatory frameworks particularly Asia Pacific region improve social environmental performance measures application lending policies (e g Forests Policy) Equator Principles

 
<>Would like provide additional information relating question provided
No 

 
Question 1(b)(ii) Physical Opportunities
<>How current anticipated physical changes resulting climate change presentopportunities company
We consider that current or anticipated physical changes offer opportunities because... 
Climate Change provides opportunity work collaboratively clients management weather risk projects transactions directly affected weather conditions wind farms mining operations agricultural plantations range financial tools available clients assist managing risks posed weather including weather derivatives catastrophe bonds insurance products supply hedging instruments provide advice regarding tools instruments suitable client’ s individual needs assist sourcing relevant products required

 
<>Would like provide additional information relating question provided
No 

 
Question 1(b)(iii) General Opportunities
<>How does climate change present general opportunities company
We consider that climate change offers opportunities because... 
addition opportunities arising regulatory physical risks ANZ capitalise increase demand renewable energy alternatives environmentally responsible investment options ANZ arranged financing number renewable energy projects Australia offshore ANZ Infrastructure Services (ANZIS) acts specialist adviser investment manager special purpose investment trusts encourage investment environmentally sustainable energy sources infrastructure facilities information provided response question 1(b)(iv) ANZ researching demand consumers ‘ green’ banking credit products New Zealand ANZ provides subsidised loans funding energy efficiency measures older homes working World Bank project encourage adoption renewable energy Pacific Island communities details provided response question 1(b)(iv) mentioned response 1(a)(v) work reduce direct impact environment ‘ line’ effect

 
<>Would like provide additional information relating question provided
No 

 
Question 1(b)(iv) Maximizing Opportunities
<>Do invest plans invest products services designedto minimize adapt effects climate change
Climate change has led to investment or planned investment in order to maximise climate change opportunities. 
addition carbon trading products services mentioned response question 1(b)(i) ANZ invested products services respond increase demand access renewable energy alternatives environmentally responsible investment options 1 RESPONSIBLE OPTIONS INVESTORSIn April 2007 launched offers ANZ Sustainable Protected Responsible Investment Term (ASPRIT) wholesale fixed term investment trust linked performance Sustainable Asset Management (SAM) Sustainable Leaders Australia Fund known SAM Australia Fund gives investors opportunity benefit performance approximately 70 Australian companies considered leaders integrating environmental social factors business strategies currently total $90 million funds management ASPRIT trust launched ANZ Climate Change Trust (ACCT) Australia’ s wholesale fund invests technologies designed tackle global warming ACCT year investment product uses SAM Sustainable Climate Fund underlying fund returns Investors product given exposure performance 40 60 global companies provide products services prevent climate change alleviate effects Read http //www anz com/markets/solutions/ACCT asp 2 INVESTMENT SUSTAINABLE INFRASTRUCTUREWe continued substantial support renewable energy infrastructure year Energy Infrastructure Trust (EIT) special purpose trust seeking growth energy assets significant portfolio renewable energy assets EIT $600 million equity invested number projects seek respond key environmental issues EIT managed ANZ Infrastructure Services (ANZIS) year acquired 91MW Wattle Point Wind Farm South Australia largest operating wind farms Australia investment complements EIT’ s existing investments including 50% stake Waubra Wind Farm north west Victoria Australia’ s largest wind farm completed 2008 68% ownership project construct operate bio diesel production plant near border Victoria New South Wales 71% ownership Dalby ethanol refinery Queensland 50% shareholding project construct 336km gas transmission pipeline 33MW gas fired power station Esperence Western Australia replace diesel generation integrate wind farms electrical provide natural gas distribution community interests Breemar Kwinana gas fired power stations 100% ownership gas fired 135MW Condamine Power Station development Queensland ANZ’ s project finance team arranged funding number renewable energy projects Australia offshore including Waste gas projects power generation plants utilising waste emissions (e g coal bed methane landfill gas) vented emitted untreated air Wind farms various wind energy projects UK Australia including Challicum Hills project central Victoria Geothermal energy major geothermal power projects New Zealand Hydro power construction hydroelectric plans Laos Chile 3 SOLAR CITIESANZ consortium selected Australian Federal Government’ s Solar Cities initiative designed demonstrate pilots sites Australia solar power energy efficiency better information energy use produce sustainable energy future urban locations program ANZ provided home loan product competitive rate linked purchase solar power solar hot water systems offering finance enable installation large solar power systems business corporate clients offering business clients finance assist energy efficient technology 4 SUBSIDISED LOANS GRANTS ENERGY SMART HOMES NZANZ partnered EnergySmart New Zealand support Government's recently launched EnergyWise Homes initiative provides rate subsidies grants funding insulation clean household heating energy efficiency measures older homes ANZ provide free preferential rate loans qualifying customers wish install additional home efficiency measures 5 ENCOURAGING RENEWABLE ENERGY DEVELOPMENT PACIFICDuring 2007 joined World Bank Project designed encourage adoption use renewable energy Pacific Island countries Project designed overcome reluctance local financial institutions finance affordable terms renewable energy systems energy efficiency investments role manage distribution World Bank funding help participating local banks provide low cost loans rural households businesses purchase renewable energy equipment solar panels hydro energy equipment ANZ participating program lender mentioned response question 1(a)(ii) ANZ accelerated investment renewable energy Pacific operations response increased exposure climate change related weather events shortage mains electricity supply reduce environmental impact communities deliver effective banking services established solar powered branches Solomon Islands Cook Islands Kiribati solar powered ATMs Solomons INDUSTRY PARTICIPATIONWe continue participate number industry Government initiatives promote environmentally responsible business practices Greenhouse Challenge Plus partnership Australian Government industry reduce greenhouse gas emissions encourage businesses reduce Co2 e footprint identifying areas potential savings systematic measurement reporting United Nations Environment Program Finance Initiative particular development online training tool ‘ Climate Change Risks Opportunities Finance Sector’ ANZ represented speaker 2008 National Business Leaders Forum Sustainability ANZ engaged TEC CEO membership organisation provide briefing Australian CEOs climate change

 
<>Would like provide additional information relating question provided
No 

 
Question 1(b)(v) Financial Business Implications
<>How assess current and/or future financial effects theopportunities identified opportunities affect business
We assess current and/or future financial effects by... 
response questions 1(a)(iv) 1(a)(v) explain measures place identify help manage climate change risks corporate clients Social environmental management policies (e g Forests Policy) setting make decisions transactions potential impact environment raise social policy ethical issues (including relating climate change) Client screening interactive tool designed gauge potential social environmental issues associated client’ s business Equator Principles international best practice standards social environmental assessment project finance transactions Industry Guidance Notes guidance social human rights environmental issues commonly associated industry sectors service Industry analysis detailed analysis lending portfolio identify clients affected environmental factors like heavy reliance water fossil fuels measures help identify opportunities grow business provide clients products services assist better manage environmental risk ensure business remains sustainable carbon constrained economy instance outcomes client screening help identify opportunities assist client manage risks business instance finance carbon reducing technologies screening help flag clients requiring carbon market risk management products and/or advice participation carbon trading markets assess opportunities business growth market research currently researching consumer demand Australia ‘ green’ financial products special loans finance energy efficiency measure home CARBON MARKETSAccording World Bank figures global carbon market doubled value 2007 reaching $64bn growth primarily driven success European Emissions Trading Scheme contributed $50bn market Australia Government committed establishing national Emissions Trading Scheme 2010 structure scheme determine market size potential value carbon permits Considering greenhouse gas emissions stationary energy 300m tonnes 2005 size AETS market considerable conservative price abatement level estimates ANZ established carbon sales trading desk leading provider risk management products carbon markets ahead implementation national scheme RENEWABLE ENERGYIn main markets Asia Pacific ANZ offers comprehensive coverage range products services renewables sector dedicated team leading financiers specialise renewable projects achieved number sector ‘ firsts’ including landfill gas project finance deal (1992) coal methane project finance deal (1994) wind farm project finance deal (2002) Australia moves Mandatory Renewable Energy Target (MRET) 20% ANZ positioned grow share market ENERGY EFFICIENCYMany corporate clients currently considering implications future energy price increases businesses response established Client Initiatives team Institutional business works identify opportunities clients reduce energy consumption business benefit lower operating costs future

 
<>Would like provide additional information relating question provided
No 

 
2 - Greenhouse Gas (GHG) Emissions Accounting
Question 2(a)(i) Reporting Boundary
Calculation tools assist companies calculating GHG emissions particular activities combustion fuels production processes http //www ghgprotocol org/calculation tools/all tools Companies new emissions reporting strongly recommended use tools assist calculations used calculation tool list question methodologies
<>Please indicate category best describes company entities groupfor response prepared
Companies over which operational control is exercised. 

 
<>Would like provide additional information relating question provided
No 

 
Question 2(a)(ii) Reporting Year
<>Please explicitly state dates accounting year period GHG emissionsare reported
Start date 01 October 2006End date 30 September 2007Financial accounting year 01 October 2006

 
<>Would like provide additional information relating question provided
No 

 
Question 2(a)(iii) Methodology
<>Please specify methodology used company calculate GHG emissions select methodology used using radio buttons used GHG Protocol ISO 14064 1 references calculation tools used explanation calculation methods devised explain data sources Global Warming Potentials emission factors used calculations reference supplied calculation tool contact provider calculation tool information used methodology devised explain methodology including methods calculation data sources Global Warming Potentials emission factors
GHG Protocol 
ANZ member Australian Government’ s Greenhouse Challenge Plus Program uses Australian Greenhouse Office 'Greenhouse Challenge Factors Methods Workbook' calculating emissions Australia New Zealand consistent international greenhouse accounting standards protocols Data Australian New Zealand operations assured independent assessment company ANZ does measure emissions respect operations outside Australia New Zealand estimates emissions based emissions FTE rate combined Australia New Zealand totals

 
<>Would like provide additional information relating question provided
No 

 
Question 2(b)(i) Scope 1 Scope 2 GHG Protocol
<>Are able provide breakdown direct indirect emissions Scopes 1 2 GHG Protocol analyse electricity consumption

 
<>Would like provide additional information relating question provided
No 

 
Question 2(b)(i)(y) Scope 1 Scope 2 GHG Protocol Year 1 answers
<>Please enter dates reporting period specified (answer question 2(a)(i)) answer questions period selecting “ Add Additional Year Figures” button end webpage repeat process previous reporting period reporting period possible data going reporting period ending 2004 enter historical data reported information response previous CDP questionnaires

 
<>Please enter accounting year used report GHG emissions details
Start date 01 October 2006End date 30 September 2007

 
<>Scope 1 Direct GHG Emissions provide Total global Scope 1 activity Metric Tonnes CO2 e emitted
<>13679 CO2e metric tonnes < text="">

 
<>b Total Scope 1 activity Metric Tonnes CO2 e emitted Annex Bcountries
<>11772 CO2e metric tonnes < text="">

 
<>By country Scope 1 activity metric tonnes CO2 e individual country Using methodology state emissions country NB practical list emissions country country basis list countries significant emissions context business combine remainder “ rest world” information format (e g Excel) attach
Country Scope 1 Emissions
(metric tonnes CO2-e)
Australia 6570
New Zealand 5202
Rest World 1907

 
<>Scope 2 Indirect GHG emissions provide c Total global Scope 2 activity metric tonnes CO2 e emitted
<>198133 CO2e metric tonnes < text="">

 
<>d Total Scope 2 activity metric tonnes CO2 e emitted Annex Bcountries
<>170513 CO2e metric tonnes < text="">

 
<>By country Scope 2 activity metric tonnes CO2 e individual country
Country Scope 2 Emissions
(metric tonnes CO2-e)
Australia 162575
New Zealand 7938
Rest World 27620

 
<>Electricity consumptione Total global MWh purchased electricity
219345 MWh

 
<>f Total MWh purchased electricity Annex B countries
188769 MWh

 
<>By country – MWh purchased electricity individual country
Country
Australia 135846
New Zealand 52923
Rest World 30576

 
<>g Total global MWh purchased electricity renewable sources
42805 MWh

 
<>h Total MWh purchased electricity renewable sources Annex Bcountries
36838 MWh

 
<>By country – MWh purchased electricity renewable sources individual country
Country
Australia 0
New Zealand 36838
Rest World 5967

 
<>Would like provide additional information relating question provided
No 

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Question 2(b)(ii) Scopes 1 2 GHG Protocol
<>If unable Scope 1 Scope 2 GHG emissions and/or electricity consumption report GHG emissions able identify description emissions answered 2(b)(i) question 2(c)(i)

 
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Question 2(c)(i) Emissions – Scope 3 GHG Protocol
<>How identify and/or measure Scope 3 emissions
ANZ date measured Scope 3 emissions associated Business Air Travel (International Domestic) journeys originating Australia New Zealand Emissions generated air travel originating operations world estimated

 
<>Please provide possible Details significant Scope 3 sources company
Employee Business Air Travel significant source Scope 3 emissions year ending September 2007 business air travel follows Australia 96789716 kmNew Zealand 27980117 kmRest World (estimated) 20210411 km

 
<>b Details metric tonnes CO2 e GHG emissions following categories Employee business travel
<>17893 CO2e metric tonnes < text="">

 
<>ii External distribution/logistics

 
<>iii Use/disposal company’ s products services

 
<>iv Company supply chain

 
<>c Details methodology use quantify estimate Scope 3 emissions
ANZ used conversion factors short medium long haul flights sourced World Business Council Sustainable Development

 
<>Would like provide additional information relating question provided
Yes 
Scope 3 emisisons business air travel comprises Australia 11171 CO2 e New Zealand 4228 CO2 e Rest World 2494 CO2 e

 
Question 2(d) External Verification
<>(i) information reported response Questions 2(b) (c) beenexternally verified audited plan information verified oraudited
Yes (Please go to 2(d)(ii)) 

 
<>(ii) answer question 2d(i) Yes provide attach copy audit verification statement state plans verification
SGS Australia Pty Limited Assurance Statement available page 102 ANZ’ s 2007 Corporate Responsibility Report attached http //www anz com/aus/Corporate Responsibility 2007/ANZ4675CR_07_WEB_FA_3 pdf

 
<>(iii) specify standard protocol information hasbeen audited verified
SGS assured information assurance environmental data ANZ’ s 2007 Corporate Responsibility Report SGS developed set protocols Assurance Sustainability Reports based current best practice guidance provided Global Reporting Initiative Sustainability Reporting Guidelines (2006) AA1000 Assurance Standard (2003) ISAE3000 Assurance statement information

 
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Question 2(e) Data Accuracy
<>Does company place assess accuracy GHG emissions inventory calculation methods data processes systems relating GHG measurement provide details explain data accuracy managed
Yes, we do have a system. 
review accuracy data undertaken assurance process Australia New Zealand includes review source data calculation methodology verification data included estimates rest world calculated based factoring method based Australia New Zealand data

 
<>Would like provide additional information relating question provided
No 

 
Question 2(f) Emissions History
<>Do emissions reported accounting year vary significantly compared previous years explain reasons variations
Yes, they do vary significantly. 
include estimate countries outside Australia New Zealand performance year favourable compared year Australia ANZ achieved 8 46% reduction FTE GHG New Zealand 2% reduction achieved year including Scope 3 ANZ continues improve performance 2008 emissions currently 5% months March 2008 (compared month period March 2007) Measures taken Australia New Zealand achieve results set answer question 3(a)(iv)

 
<>Would like provide additional information relating question provided
No 

 
Question 2(g) Emissions Trading
<>i) Does company facilities covered EU Emissions Trading Scheme
No, we do not. (Please go to question 2(g)(ii) below)  

 
<>If a) provide details annual allowances awarded company Phase years 1 January 2005 31 December 2007 details allowances allocated Phase II commencing 1 January 2008 cases enter numbers punctuation example enter 2000 instead 2 000 enter allowance Metric Tonnes CO2 1 January 2005 31 December 2005

 
<>1 January 2006 31 December 2006

 
<>1 January 2007 31 December 2007

 
<>b) provide details actual annual emissions facilities covered EU ETS effect 1 January 2005 enter emissions Metric Tonnes CO2 1 January 2005 31 December 2005

 
<>1 January 2006 31 December 2006

 
<>1 January 2007 31 December 2007

 
<>Phase II annual allowances1 January 2008 – 31 December 2008

 
<>1 January 2009 – 31 December 2009

 
<>1 January 2010 – 31 December 2010

 
<>1 January 2011 – 31 December 2011

 
<>1 January 2012 – 31 December 2012

 
<>c) impact company’ s profitability EU ETS

 
<>ii) company's strategy trading participating regional and/or international trading schemes (eg EU ETS RGGI CCX) Kyoto mechanisms CDM JI projects Explain involvement following EU ETS

 
<>CDM/JI

 
<>CCX

 
<>RGGI

 
<>Others
expanding capability involvement international carbon trading schemes particular CDM projects transacting Certified Emission Reductions (CERs) ANZ provides financing develop CDM project risk management solutions hedge CERs created projects particular focus projects Asia Pacific region trading counterparts CERs globe ANZ trades primary CERs directly projects secondary CER market Counter mechanisms trading CER futures contracts various carbon exchanges Australia ratified Kyoto Protocol looking transacting CERs Australian entities majority stage voluntary purposes Australia currently developing national emissions trading scheme possibility CERs used scheme scenario eventuate demand CERs Australia extend mandatory requirements future ANZ preparing assisting clients understand CER market better

 
<>Would like provide additional information relating question provided
No 

 
Question 2(h) Energy Costs
<>i) identify total costs $ energy consumption fossil fuels electric power want enter number 1 ensure use decimal point (e g 0 3) comma (e g 0 3)
20000000 US$

 
<>ii) percentage total operating costs does represent
0.5 %

 
<>iii) percentage energy costs incurred energy renewable sources
20 %

 
<>More details
Costs incurred renewable energy sources attributable mainly energy needs New Zealand operations

 
<>Would like provide additional information relating question provided
No 

 
3 - Performance
Question 3(a) Reduction Plans
<>i) Does company GHG emissions reduction plan place provide details information requested currently plan place explain
Yes, we have a reduction plan in place. (Please proceed to part (ii) ) 

 
<>ii) baseline year emissions reduction plan
2005

 
<>If want information rolling target
ANZ created strategy reducing Greenhouse Gas emissions commitment achieve carbon neutrality Australia New Zealand December 2009 business plan operation monitoring performance ANZ continue monitor performance energy reduction emissions arising business travel ANZ working key suppliers capitalise opportunities procure products services help reduce overall carbon footprint

 
<>iii) emissions reduction targets period targets extend
ANZ commitment achieve carbon neutrality Australia New Zealand end 2009 commitment electricity target 5% reduction FTE September 2009 Australian operations New Zealand targets reduction greenhouse gas emissions include Scope 1 Scope 2 Scope 3 (air travel only) target period end September 2008 new set targets established future period

 
<>iv) activities undertaking reduce emissions renewable energy energy efficiency process modifications offsets sequestration targets set timescales extend
AUSTRALIAKey initiatives contributed meeting previous year target included Converting CRT screens LCD screens Motion detection sensors installed meeting rooms lights automatically turn rooms use Lights set turn earlier major buildings Removal screensavers PCs laptops replaced ‘ sleep mode’ settings PC Snoozer 'powering down' overnight weekends computers branch network extended major corporate offices October 2007 Decommissioning servers work ‘ virtual servers’ server consolidation program Adjustments thermostat settings data centres reduce load air conditioning systems Efficiencies cooling Australian data centres painting metallic coloured roofs whiteNext steps Continued changes lighting controls save energy Adjustments cooling towers lower power usage water consuming systems Changes control strategies taking place widen temperature bands air conditioning systems key offices replacement air conditioning chillers occur sites process completing installation extensive sub metering key commercial retail sites aid future decision makingANZ property manager Jones Lang LaSalle (JLL) worked better understand environmental impact office buildings branches ‘ Smart’ meters measuring consumption gas electricity water installed 90% ANZ’ s commercial buildings Australia placed representative sample ANZ branches 2008 meters set floor building provide time based analysis resource use enables determine exact location energy water use given time day night identifying opportunities improve efficiency continual monitoring energy water use help compare use resources time quantify benefits measures implemented terms resources dollars saved ANZ JLL continue install meters branches data centres 2008 NEW ZEALANDOver past 12 months ANZ National working range environmental initiatives following summary key initiatives taking place Green Branch newest branch National Bank country’ s environmentally sustainable retail bank purpose built include sustainable features possible PC Snoozer Power Conservation Software rolled corporate sites Light Sensors Lighting sensors installed meeting rooms communal areas kitchens bathrooms commercial buildings Equipment Timers Equipment timers installed printers photocopiers appliances 24 7 operations critical business External Signage Reviewed reduced hours operation exterior signage Project includes installing timers lamping appropriate CO2 Sensors CO2 sensors installed selected car parks air conditioning units set permanent operation sensor timer air balance calibrated sensors responds switching air conditioning accordingly Air Conditioning Hours Reviewed air conditioning hours operation commercial buildings reduced operating hours 0 5hrs day 20 buildings Day Cleaning Working nationwide provider consider day cleaning appropriate realise energy consumption savings working evening Sustainable Vehicle Fleet Provided business lease options sustainable vehicles Options include diesel hybrid downsized engine capacity vehicles EnergyWise Finance ANZ (Consumer Finance) working EnergySmart provide free subsidised loans Government's EnergyWise Homes initiative provides subsidies grants funding insulation heat pumps energy efficiency measuresVideo Conferencing Installed video conferencing equipment providing sustainable meeting alternatives flyingIn coming months ANZ National focus introducing ‘ PC Snoozer’ initiative ANZ Branch Networks raising environmental awareness staff increased enhanced communications

 
<>v) investment required achieve targets time period
ANZ currently invests $3m annual basis energy initiatives addition sustainability incorporated review existing plant specific projects retail commercial design fit outs contain sustainable design criteria ANZ’ s new office building Melbourne’ s Docklands precinct designed achieve world wide best practice environmental standards office building Innovations use solar power wind turbines supplement energy supply reuse stormwater grey black water involve significant investment designed deliver reductions greenhouse gas emissions water savings energy efficiency ANZ budgeted approximately AUD34m environmental initiatives Read http //www anz com/aus/About ANZ/Corporate Responsibility/Environment/Reducing Environmental Footprint/New Building asp

 
<>vi) emissions reductions associated costs savings achieved date result plan
ANZ Australia able meet year targets period ending September 2007 electricity use (5% FTE reduction) greenhouse gas emissions (8% reduction FTE)

 
<>Would like provide additional information relating question provided
No 

 
Question 3(b) Emissions Intensity
<>i) appropriate measurement emissions intensity company
Other 
Metric tonnes CO2 e time employee

 
<>Please company’ s emissions intensity figure measurement given want enter number 1 ensure use decimal point (e g 0 3) comma (e g 0 3)
33915

 
<>ii) state GHG emissions intensity terms total tonnes CO2 e reported Scope 1 Scope 2 $m turnover EBITDA reporting year Scope 1/ US$millions turnover
1.98

 
<>Scope 2/ US$millions turnover
28.56

 
<>Scope 1/ EBITDA
3.43

 
<>Scope 2/ EBITDA
49.68

 
<>iii) company developed emissions intensity targets
Yes, we have developed emission intensity targets. (Please answer questions (a) and (b) below.) 

 
<>a) answer (iii) yes state emissions intensity targets
Australia – reduce electricity consumption FTE 5% reduction September 2009New Zealand – reduce greenhouse gas emissions (tonnes CO2 FTE) 5% September 2008 targets form overall strategy carbon neutral Australia New Zealand end 2009

 
<>b) answer (iii) yes state reductions emissions intensity achieved targets time period
year period ended 30 September 2007 ANZ achieved 5% reduction electricity consumption FTE 8% reduction GHG emissions FTE Australian based operations ANZ New Zealand track meet year intensity target 30 September 2008 pages 79 81 ANZ’ s 2007 Corporate Responsibility Report http //www anz com/aus/Corporate Responsibility 2007/Full Report pdf

 
<>Would like provide additional information relating question provided
No 

 
Question 3(c) Planning
<>Do forecast company’ s future emissions and/or energy use
Yes, we do. (Please answer questions (i) to (iii) below.) 

 
<>i) provide details forecasts summarize methodology used assumptions able quantified forecasts Scope 1 Scope 2 emissions and/or electricity consumption enter numerical data page
ANZ projects future emissions energy efficiency program ANZ Australia projected reduction energy FTE 7 18kwh/FTE represents reduction 15 6% period ANZ anticipating reduction continue occur future projections 2008

 
<>ii) factor cost future emissions capital expenditure planning
ANZ’ s energy efficiency program carbon neutral assessment ANZ estimated future growth emissions small overall absolute increase projected future energy intensity reductions projected continue

 
<>iii) considerations impact investment decisions
considerations influenced investment reducing energy intensity design new office building Melbourne’ s Docklands replacing existing commercial portfolio buildings addition smart metering program expected provide number efficiency opportunities key commercial critical sites Australia Read considerations driven investment energy efficiency measures ANZ’ s 2007 Corporate Responsibility Report http //www anz com/aus/Corporate Responsibility 2007/environment supply/environmentally friendly workplaces aspPage 10 ANZ’ s 2008 Interim Corporate Responsibility Report www anz com/aus/Corporate Responsibility/report/interim08 pdf

 
<>Would like provide additional information relating question provided
No 

 
Question 3(c) (i) Planning Forecasted emissions/electricity use Year 1 answers
page gives opportunity numerical forecasts emissions electricity use possible provide emissions forecasts reporting periods Use “ Add additional year figures” button end page enter emission forecasts successive reporting periods Note enter numbers punctuation example use 2000 instead 2 000
<>Please enter accounting period used report GHG emissions details
Start date 01 October 2007End date 30 September 2008

 
<>Forecasted Scope 1 Direct GHG Emissions provide Forecasted Total global Scope 1 emissions Metric Tonnes CO2 e
<>14794 CO2e metric tonnes < text="">

 
<>b Forecasted Total Scope 1 emissions Metric Tonnes CO2 e Annex B countries
<>12489 CO2e metric tonnes < text="">

 
<>By country Forecasted Scope 1 emissions Metric Tonnes CO2 e individual country Using methodology state emissions forecasts country NB practical list emissions country country basis list countries significant emissions context business combine remainder “ rest world” information format (e g Excel) attach
Country Scope 1 Emissions
(metric tonnes CO2-e)
Australia 6767
New Zealand 5358

 
<>Scope 2 Indirect GHG emissions provide c Forecasted total global Scope 2 emissions Metric Tonnes CO2 e
<>202838 CO2e metric tonnes < text="">

 
<>d Forecasted total Scope 2 emissions Metric Tonnes CO2 e Annex B countries
<>166576 CO2e metric tonnes < text="">

 
<>By country Forecasted Scope 2 emissions Metric Tonnes CO2 e individual country
Country Scope 2 Emissions
(metric tonnes CO2-e)
Australia 166576
New Zealand 7615

 
<>Forecasted electricity consumptione Forecasted total global MWh purchased electricity
224555 MWh

 
<>f Forecasted total MWh purchased electricity Annex B countries
184050 MWh

 
<>By country – Forecasted MWh purchased electricity individual country
Country
Australia 132450
New Zealand 51600

 
<>g Forecasted total global MWh purchased electricity renewable sources
33540 MWh

 
<>h Forecasted total MWh purchased electricity renewable sources Annex B countries
33540 MWh

 
<>By country – Forecasted MWh purchased electricity renewable sources individual country
Country
New Zealand 33540

 
<>Would like provide additional information relating question provided
Yes 
Figures based current use Renewable Energy estimates include changes associated Carbon Neutral commitment

Download attachment
 
Question 3(c) (i) Planning Forecasted emissions/electricity use Year 2 answers
page gives opportunity numerical forecasts emissions electricity use possible provide emissions forecasts reporting periods Use “ Add additional year figures” button end page enter emission forecasts successive reporting periods Note enter numbers punctuation example use 2000 instead 2 000
<>Please enter accounting period used report GHG emissions details
Start date 01 October 2008End date 30 September 2009

 
<>Forecasted Scope 1 Direct GHG Emissions provide Forecasted Total global Scope 1 emissions Metric Tonnes CO2 e
<>15237 CO2e metric tonnes < text="">

 
<>b Forecasted Total Scope 1 emissions Metric Tonnes CO2 e Annex B countries
<>12489 CO2e metric tonnes < text="">

 
<>By country Forecasted Scope 1 emissions Metric Tonnes CO2 e individual country Using methodology state emissions forecasts country NB practical list emissions country country basis list countries significant emissions context business combine remainder “ rest world” information format (e g Excel) attach
Country Scope 1 Emissions
(metric tonnes CO2-e)
Australia 6767
New Zealand 5358

 
<>Scope 2 Indirect GHG emissions provide c Forecasted total global Scope 2 emissions Metric Tonnes CO2 e
<>197638 CO2e metric tonnes < text="">

 
<>d Forecasted total Scope 2 emissions Metric Tonnes CO2 e Annex B countries
<>161987 CO2e metric tonnes < text="">

 
<>By country Forecasted Scope 2 emissions Metric Tonnes CO2 e individual country
Country Scope 2 Emissions
(metric tonnes CO2-e)
Australia 154446
New Zealand 7541

 
<>Forecasted electricity consumptione Forecasted total global MWh purchased electricity
218797 MWh

 
<>f Forecasted total MWh purchased electricity Annex B countries
181963 MWh

 
<>By country – Forecasted MWh purchased electricity individual country
Country
Australia 129138
New Zealand 52825

 
<>g Forecasted total global MWh purchased electricity renewable sources
45412 MWh

 
<>h Forecasted total MWh purchased electricity renewable sources Annex B countries
34336 MWh

 
<>By country – Forecasted MWh purchased electricity renewable sources individual country
Country
New Zealand 34336

 
<>Would like provide additional information relating question provided
Yes 
Figures based current use Renewable Energy estimates include changes associated Carbon Neutral commitment

Download attachment
 
4 - Governance
Question 4(a) Responsibility
<>Does Board Committee executive body overall responsibility climate change state overall responsibility climate change managed answer parts (i) (ii)
Yes, an executive body does have overall responsibility for climate change. 

 
<>i) Board Committee executive body overall responsibility climate change
ANZ’ s Governance Committee (a sub committee Group Board) regularly reviews ANZ’ s corporate responsibility strategy programs including addressing effects climate change ANZ Board regularly reviews medium term industry trends including impacts climate change Credit Trading Risk Committee (Group level senior executive management committee) (CTC) responsible considering transactions controversial include environmentally sensitive impacts including assessing impact extended drought conditions ANZ’ s portfolio Operating Risk Executive Committee (Group level senior executive management committee) responsibility assessing physical impacts climate change critical infrastructure emerging risks OREC reports Group Board Risk Committee Corporate Responsibility Council (Group level senior executive management committee) ANZ CEO ANZ’ s Management Board provides strategic leadership performs oversight advisory role achieving Group’ s CR agenda priorities

 
<>ii) mechanism Board executive body reviews company’ s progress status regarding climate change
ANZ reports progress climate change issues opportunities bi monthly Governance Committee ANZ Board Corporate Responsibility Council ANZ reports regularly Credit Trading Risk Committee issues environmental risk transactions ANZ’ s Institutional Division high potential environmental impact referred CTC ANZ’ s Controversial Issues Policy

 
<>Would like provide additional information relating question provided
No 

 
Question 4(b) Individual Performance
<>Do assess provide incentive mechanisms individual management climate change issues including attainment GHG targets provide details
Yes, we do. 
ANZ’ s performance related compensation banking professionals includes environmental/climate change targets Key executives specific environmental performance targets (direct indirect appropriate) built linked performance management/remuneration rewards

 
<>Would like provide additional information relating question provided
No 

 
Question 4(c) Communications
<>Please indicate publish information risks opportunities presented company climate change details GHG emissions plans reduce emissions following communications i) company’ s Annual Report statutory filings
Yes 
2007 Annual Report http //www anz com/aus/Annual Report 2007/People community environment/Our Environment asp

 
<>ii) formal communications shareholders external parties
Yes 
2007 Annual Report http //www anz com/aus/Annual Report 2007/People community environment/Our Environment asp

 
<>iii) voluntary communications Corporate Social Responsibility reporting
Yes 
2007 Corporate Responsibility Summary Report http //www anz com/aus/Corporate Responsibility 2007/environment supply/climate changes asp http //www anz com/aus/Corporate Responsibility 2007/Customers/managing social environmental risks asp 2007 Corporate Responsibility Report – pages 73 84 http //www anz com/aus/Corporate Responsibility 2007/Full Report pdf2008 Corporate Responsibility Interim Report www anz com/aus/Corporate Responsibility/report/interim08 pdf ‘ Corporate Responsibility’ – monthly e bulletin stakeholders (April 07 07 July 07 March 08 issues contain stories related climate change strategy) http //www anz com/aus/values/resources/default asp#option11

 
<>Would like provide additional information relating question provided
No 

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Question 4(d) Public Policy
<>Do engage policymakers possible responses climate change including taxation regulation carbon trading provide details
Yes 
active contributors community discussion public policy development climate change related issues ANZ provided submission Prime Ministerial Task Group Emissions Trading year (http //www anz com/aus/values/resources/default asp#option2) Australian Bankers’ Association contributed current review commissioned Australian Governments challenges opportunities climate change Australia (Garnaut Climate Change Review http //www garnautreview org au/CA25734E0016A131/pages/submissions general submissions received)We member Federal Government’ s Greenhouse Challenge Plus Energy Efficiency Opportunities programs participating pilot Federal Government’ s new National Greenhouse Emissions Reporting (NGERS) continue contribute policy making process regular engagement governments public policy issues including environmental climate change issues impacting bank CEO formally meets political regulatory leaders twice year

 
<>Would like provide additional information relating question provided
No 

 
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