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Respondent CDP 2007: Australia and New Zealand Banking Group Limited

General Introduction
<>If like introduction answers enter
“ earth today primary responsibility isto leave planet better state inherited it” – John McFarlane ANZ Chief Executive OfficerThis ANZ’ s CDP submission builds previous submissions 2006 submission increasing attention paid issue climate change markets stakeholders particular customers clients relevant governments pursuing engagement model clients better understand risks opportunities face businesses assist possible responding increasing scientific consensus causes global warming likely impacts general agreement urgency act reducing greenhouse gas emissions short medium term acknowledge concerns support market based approaches progressive regulatory policy responses enable society low carbon economy year ANZ broadened approach climate change include following Enhancing knowledge capacity assess respond climate change risks opportunities businesses Engaging clients ANZ’ s “ CEO Agenda” strategy Investing developing new energy efficiency products services Participating new industry initiatives forums Establishing strategic partnership WWF Australia Committing carbon neutral 2009 (Scope 1 & 2) Expanding reporting include New Zealand greenhouse gas emissions performance data Initiating process establish Energy Management Policy contains evaluation criteria high impact sectors industries technologies report covers progress 2006 financial year (Oct 05 Sept 06) relation following key areas support clients Australia New Zealand Asia Pacific Region programs manage environmental risks reduce direct environmental impacts primarily Australian New Zealand operations Performance data relation mainly Scope 1 2 activities associated greenhouse gas emissions New initiatives commitments period Oct 2006 June 2007

 
Section A – 1 Climate Change Risks, Opportunities and Strategy
Question 1(a)(i) – Regulatory risks
<>For question state time period possible associated financial implications commercial risks does climate change present company including regulatory risks associated current and/or expected government policy climate change e g emissions limits energy efficiency standards
Whilst ANZ faces direct risks climate change businesses clients operate sectors affected and/or likely impacted climate change (i e physical impacts extreme weather and/or regulatory change) Consequently climate change presents risks opportunities ANZ nature risks highlighted CDP 4 submission summarized financial services organization ANZ relatively small greenhouse footprint (197 069 tonnes CO2 eq Scope 1& 2 aspects Scope 3 Australian New Zealand operations) consequently respect operations likely materially impacted future climate change regulation policy majority ANZ’ s greenhouse gas emissions purchased electricity (Scope 2) constitutes 0 4 % annual operating costs ANZ operations Australia categorized “ high energy user” ANZ mandatory obligation identify energy efficiency opportunities report progress implementation federal government Energy Efficiency Opportunity Act (2006) ANZ embraced existing continuous improvement process managed large participant local regional financial markets risks evolving climate change regulation beginning emerge certain example Australia Prime Minister’ s Emission’ s Trading Task Team recommended establishment “ cap trade” national emissions trading scheme New Zealand Government significant financial exposure terms Kyoto Protocol commitments considering national emissions trading scheme Clearly regulatory developments significant implications sectors ANZ clients participate ANZ’ s relationship clients sectors materially impact ANZ itself advisor lender investor ANZ currently assesses climate change related regulatory risks client assessments diligence processes ANZ’ s Institutional division developed model identify assess climate change risks (regulatory physical) portfolio level Climate change regulation creates new business opportunities ANZ New regulatory responses particularly clients operating jurisdictions ratified Kyoto Protocol (e g Asia Pacific Countries New Zealand Papua New Guinea China) implemented new greenhouse focused legislation (e g Australia Federal Government implemented Mandatory Renewable Energy Target State Government NSW implemented Greenhouse Gas Abatement Scheme Victoria Government embarked renewable energy target program) creates significant financial opportunities ANZ instances ANZ provides range financial products services assist clients greenhouse intensive sectors mitigate risks

 
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Question 1(a)(ii) Physical risks
<>For question state time period possible associated financial implications commercial risks does climate change present company including physical risks business operations scenarios identified Intergovernmental Panel climate Change expert bodies sea level rise extreme weather events resource shortages
ANZ’ s operations largely urban based (i e commercial office space major cities branch offices regional centers small rural towns) physical risks climate change (i e extreme weather flooding wind bushfires drought ) likely small material operating risk expense ANZ currently reviewing physical impacts climate change critical infrastructure physical impacts climate change material respect ANZ’ s lending investing activities sectors particularly vulnerable extreme weather resource shortages (e g agriculture forestry stationary energy generation mining water utilities tourism coastal property developments etc) IPCC Australian Government’ s Greenhouse Office CSIRO indicated Australia virtue climate rich biodiversity concentrated coastal population settlements importance tourism agriculture economy particularly vulnerable impacts climate change context likely future physical risks associated climate change ANZ developing range assessment diligence processes evaluate physical impacts climate change portfolio level sector individual client level ANZ supports number clients positioned benefit physical climate change impacts (e g engineering services building contractors environmental services clean technology )

 
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Question 1(a)(iii) risks
<>For question state time period possible associated financial implications Apart regulatory physical risks described answers questions 1(a)(i) 1(a)(ii) commercial risks does climate change present company including shifts consumer attitude demand
Given growing awareness stakeholders climate change Australia ANZ aware number reputation type climate related risks positive negative impact brand market positioning Positive number stakeholders (staff customers NGO’ S like WWF Australia) encouraged supported ANZ developing market based approach climate change including endorsement commitment carbon neutral Australia New Zealand primarily renewable energy 2009 (see attached) ANZ observed financial institutions beginning differentiate brand services climate type offerings believes engagement approach assisting clients range climate change services differentiates relative financial institutions markets ANZ currently working suppliers explore opportunities reduce greenhouse gas emissions associated supply chain ANZ monitoring retail customer demand exploring development new climate type products services Negative number NGOs (e g Greenpeace Australian Conservation Foundation WWF) raised concerns ANZ’ s financial support coal fired power stations Australia funding coal exports region ANZ discussion groups working customers ensure considering greenhouse gas emissions developing management plans address business implications lower carbon economy

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Question 1(b) Opportunities
<>For question state time period possible associated financial implications commercial opportunities does climate change present company existing new products services
ANZ active participant providing advisory financial services clients sectors impacted positively negatively climate change ANZ participates business forums focusing climate change business impacts contributes public policy formulation processes 2006 ANZ continued strengthen position market leader climate change provider products services designed assist clients manage climate change risk including constraints carbon emissions facilitating investment renewable clean energy alternatives recent Citigroup report (Climate Change ASX 100 November 2006) highlighted ANZ positioned managing risks associated climate change providing risk management services customers summary ongoing new initiatives relating engagement support clients indicated Sustainable infrastructure investment ANZ Infrastructure Services (ANZIS) specialist adviser investment manager sectors energy infrastructure utilities markets ANZIS established special purpose investment trusts encourage investment environmentally sustainable energy sources infrastructure facilities ANZIS projects include Bio diesel investment construction operation bio diesel production plant Victorian/NSW border Australia Esperence Energy Project 50% shareholding project construct 336km gas transmission pipeline 33MW gas fired power station Esperence Western Australia Waubra Wind Farm 50% ownership Waubra Wind Farm 192MW wind farm completed 2008 largest Australia Solar Cities Initiative ANZ member consortiums selected Federal Government’ s Solar Cities initiative initiative designed demonstrate solar power energy efficiency improved information energy use achieve sustainable energy future urban locations Australia Solar Cities receive government funding install solar panels solar hot water systems private public housing provide residential customers real time information energy use access energy efficiency advice information ANZ’ s involvement program includes offering home loan competitive rate linked purchase solar power hot water systems offering finance enable installation large solar power systems business corporate customers offering business customers finance assist energy efficient technology following initial energy audit Funding renewable energy projects – 2006 ANZ’ s Project Finance team developed global renewable energy strategy approach providing support expertise internationally team arranged financing number renewable energy projects Australia offshore including Waste gas projects Power generation plants utilising waste fuels (e g coal bed methane landfill gas) cause disposal emission problems Wind farms Various wind energy projects UK Australia including Challicum Hills project Central Victoria completed August 2003 Australia’ s largest wind farm Geothermal energy major geothermal power projects New Zealand Hydro power Construction hydroelectric plants Laos Chile Carbon Market Activities ANZ Markets division Institutional Bank active offering range climate change services products customers assist assessing mitigating climate related risks ANZ financial institution Australia provide capability developed capability provide credible offset options market (e g attached Fortnightly Renewable Emissions Report) Carbon trading Australia ANZ trading NGACs RECs Australia developing product capability include Greenhouse Friendly products CERS Risk management products – ANZ developed number risk management products assist companies reducing carbon exposures Renewable Energy ANZ developing new product encourages clients invest renewable energy ANZ providing expertise hedging RECs financing renewable energy carbon abatement projects ANZ’ s unique stop shop solution financing projects providing significant benefit customers developing new projects Advisory services ANZ engaging clients climate change developing products assist customers manage risk anticipation emissions trading scheme commencing Australia ANZ regularly receives supports requests companies seeking financing new client solutions help lower offset household greenhouse gas emissions market products infancy ANZ committed meeting emerging customer needs supporting innovative solutions retail sector Energy efficiency ANZ conjunction SMEC Australia's leading engineering firms developed energy performance financing solution enable companies achieve improvements energy efficiency greenhouse performance signing performance based process companies guaranteed agreed level energy savings linked reduction greenhouse gas intensity operations links specialist engineering firms ANZ supports clients want reduce carbon emissions providing financial solutions energy efficiency product integral ANZ’ s climate strategy support clients Public policy – ANZ Markets division serves Australian Financial Markets Association Committee Environmental Products member Australasian Emissions Trading Forum Business Roundtable plays proactive role influencing direction emission trading schemes ANZ submission Australian Prime Minister’ s Emissions Trading Task Force (see attached) ANZ’ s Economics division monitors economic impacts emerging climate change regulation developed specific perspectives market based approaches reducing greenhouse gas emissions (see attached) Key ANZ leaders expressed views publicly imperative leadership climate change (see CEO article open letter attached) Personal banking – embarked process using life cycle assessment evaluate greenhouse gas emissions associated electronic transaction machines conjunction RMIT University Melbourne project division assessing approaches reducing greenhouse gas emissions Solar Powered ATM's ANZ launched worlds solar powered ATM Solomon Islands runs exclusively solar power provides banking services customers remote locations Solomon’ s Plans roll service 7 locations Solomon’ s suitable remote locations (see attached) Industry collaboration – ANZ’ s Institutional division played leading role “ Australian Business Climate Group” (ABCG) ABCG collaborative initiative 10 leading Australian companies looking Australia accelerate development deployment low emissions technologies 2025 ABCG currently preparing report focusing market conditions government policies changes consumer behaviour needed drive large development deployment low zero emission technologies Australia maintaining Australia’ s competitiveness global economy (see attached) final report targeted business community government ABCG expects work constructive contribution debate Australia climate change policy energy technology future options ANZ participates UK based Climate Group’ s Financial Leaders group activities including development low carbon principles lending investing approaches assessing climate risks loan portfolios signatory UNEP Financial Initiative ANZ provided advice development line training tool “ Climate Change Risks Opportunities Finance Sector” WWF Partnership – ANZ formed year strategic alliance conservation organization WWF Australia Institutional division partnership (see attached) help ANZ integrate environmental social knowledge business decisions continuously improve environmental performance (reduce footprint) assist people learn climate change building awareness understanding (see attached) inspiring people environmentally engaged partnership engage staff customers environmental issues including climate change order build capacity understanding issues partnership assist encourage work business develop solutions customers new business opportunities ANZ Energy policy – response stakeholder requests clarify lending investment decision making criteria supporting clients high impact sectors ANZ embarked process develop new energy policy Social Environmental Management Policies Guidelines WWF recently published report “ Climate Solutions WWF’ s Vision 2050” provide technical assistance process

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Question 1(c) Strategy
<>For question state time period possible associated financial implications objectives targets strategies undertaken planning manage risks opportunities detailed questions 1(a) 1(b) include adaptation physical risks
ANZ’ s strategy climate change derived ANZ’ s Environment Charter (see attached) sets aspirations making “ sustainable contribution society” mitigating environmental impacts improving performance direct operations lending investing activities specifically climate strategy premised following Climate change threat economy society Whilst emissions relatively small responsible managed organization need reduce direct impacts largest financial institutions operating region positioned assist clients mitigating climate risks responding new business opportunities relation reducing emissions ANZ public commitment carbon neutral 2009 primarily investing renewable energy (see attached) specific energy efficiency targets process implementing program reduce energy use operations (see www anz com/aus/values/default asp overview ANZ’ s Corporate Responsibility Program including environment program) exploring opportunities assist staff reducing emissions away work respect frontline staff embarked program capacity building association WWF global partner (see 1 b above) regards customers clients ANZ offers range advisory financial products services assist responding climate change risks opportunities (see 1 b above)

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Section A – 2 Greenhouse Gas Emissions Accounting
Question 2(a)(i) – Methodology – Accounting Year
<>Please state accounting year used report GHG emissions
Financial Year 2006 (Oct 05 – Sept 06)

 
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Question 2(a)(ii) – Methodology
<>Please state methodology emissions calculated
 GHG Protocol 

 
<>Please provide additional information
ANZ member Australian Government’ s Greenhouse Challenge Plus Program uses Australian Greenhouse Office 'Greenhouse Challenge Factors Methods Workbook' calculating emissions consistent international greenhouse accounting standards protocols

 
<>Please state reporting boundaries data provided questionnaire
Option 1 – consolidated financial statements

 
<>Please provide additional information

 
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Question 2(a)(iii) – Methodology – External verficiation
<>Please state information provided externally verified audited
 Yes 
ANZ’ s greenhouse gas baseline (FY 05) externally verified Australian Greenhouse Office greenhouse performance data included annual Corporate Responsibility Reports externally verified KPMG

 
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Question 2(a)(iv) – Methodology – Variations emissions
<>Please provide explanation significant variations emissions year year major acquisitions divestments introduction new technologies
small increase emissions 2006 attributable increases staff numbers expansion retail branch portfolio (25 new branches) including extending opening hours 125 branches addition 330 new ATM’ s increase greenhouse gas intensity conversion factors used calculate emissions associated energy purchased Australian state Victoria (determined Australian Greenhouse Office)

 
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Question 2(b) – Scope 1 Scope 2 GHG Protocol Year 1 answers
state direct indirect GHG emissions metric tonnes CO2e global Annex B countries having difficulty reporting emissions figures CO2e metric tonnes guidance answering CDP5 questionnaire available
<>Please enter accounting year used report GHG emissions details
30 September 2006

 
<>Total Global Emissions
<>197069 CO2e metric tonnes

 
<>Total Emissions Annex B countries
<>197069 CO2e metric tonnes

 
<>Scope 1 activity emissions globally
<>12746 CO2e metric tonnes

 
<>Scope 1 activity emissions Annex B
<>12746 CO2e metric tonnes

 
<>Scope 2 activity emissions globally
<>171729 CO2e metric tonnes

 
<>Scope 2 activity emissions Annex B
<>171729 CO2e metric tonnes

 
<>Please state MWh electricity purchased consumed company globally
185166 MWh

 
<>Please state MWh electricity purchased consumed company Annex B countries
185166 MWh

 
<>Please state percentage purchased consumed MWh electricity renewables globally
19 %

 
<>Please state percentage purchased consumed MWh electricity renewables Annex B countries
19 %

 
<>Would like provide additional information relating question provided
 Yes 
ANZ measures reports energy consumption greenhouse gas emissions Australian New Zealand (annexure B) operations primary sources energy use greenhouse gas emissions ANZ operations ANZ presence Asia Pacific region does currently measure report emissions activity region Whilst energy consumption greenhouse gas emissions region considerably smaller committed including operations Asia Pacific annual greenhouse gas emissions energy consumption measurement reporting public commitment carbon neutral 2009

 
Question 2(c) – Scope 3 GHG Protocol Year 1 answers
<>Please enter accounting year used report GHG emissions details
30 September 2006

 
<>If possible provide estimates metric tonnes CO2e following categories emissions Use/disposal company’ s products services
<>

 
<>Your supply chain

 
<>External distribution/logisitics

 
<>Employee business travel

 
<>Other

 
<>Please provide details sources emissions entered figure "Other" box

 
<>Please provide information measurement scope 3 emissions
November 2006 ANZ carried assessment published (see pg 35 2006 Corporate Responsibility Report) estimate greenhouse gas water intensity Australian Institutional loan investment portfolio key finding assessment greenhouse energy intensity ANZ’ s loan investment portfolio similar structure Australian economy results analysis published 2006 Annual Corporate Responsibility Report (http //www anz com/aus/corporateresponsibility2006/lending asp pageno=4) ANZ’ s Sustainable Procurement Policy processes approaches assessing indirect greenhouse gas emissions investigated ANZ Supplier Sustainability Assessment Tools prerequisite tenders includes specific questions relating greenhouse gas emissions ANZ currently leases 600 tool trade vehicles staff 6 June 2007 ANZ adopted new car fleet policy reduce impact environment save costs ANZ currently leases 600 tool trade vehicles staff (see attached) cylinder vehicles ANZ’ s preferred standard tool trade cars switching fuel efficient cars current leases expire ANZ cut greenhouse emissions demonstrate commitment sustainable sourcing cylinder cars intended create greater consistency vehicle selection business units Businesses choose petrol electric hybrid car fleet doing make greater contribution environment Corporate Banking decided change entire Australian fleet pool cars Toyota Prius

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 Yes 

 
Section B – 3 Additional Greenhouse Gas Emissions Accounting
Question 3(a) – Scope 1 Scope 2 GHG Protocol emissions country
Using methodology set 2(a) 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
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Country Scope 1
Emissions (Tonnes CO2e)
Scope 2
Emissions (Tonnes CO2e)
Australia 7487 168923
New Zealand 5269 2806

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 Yes 
majority greenhouse gas emissions (95 % primarily Scope 1 2 ) occur Australia New Zealand ANZ does commercial offices Annexure B countries UK greenhouse gas emissions non material

 
Question 3(b) – Facilities covered EU Emissions Trading Scheme
provide details total emissions metric tonnes CO2e facilities covered EU ETS details allowances issued applicable National Allocation Plans
<>Emissions total facilities covered EU ETS figure metric tonnes CO2e

 
<>Total number allowances issued National Allocation Plans applicable installations covered EU ETS
0 metric tonnes CO2e

 
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Question 3(c) – EU ETS impact
<>What impact profitability EU Emissions Trading Scheme
applicable

 
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Section B – 4 Greenhouse Gas Emissions Management
Question 4(a)(i) Reduction programmes
emission reduction programs does company place include reduction programs related operations energy consumption supply chain product use/disposal
<>Does company emissions reduction program
 Yes 

 
<>What baseline year emissions reduction program (YYYY format 1990)
2005

 
<>If use baseline year reduction programme provide details reference point programme

 
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Question 4(a)(ii) Reduction programmes
emissions reduction targets period targets extend
<>Emissions reductions target (%)
5 %

 
<>Time frame reduction target
Setp 05 Oct 07

 
<>Further information
5 % / FTE reduction year period Sept 05 Oct 07 Carbon neutral – Sept 2009

 
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Question 4(a)(iii) Reduction programmes
<>What investment been/will required achieve targets (In $)

 
<>Over time period (In years)
2.5

 
<>More
Investments required meet ANZ’ s energy efficiency renewable energy targets Energy efficiency (including water) 2007 investment A$ 3 8 mil 2008 investment (estimate) A$ 4 6 mil Renewable Energy Approximately A$5 million 2009 meet carbon neutral objectives 2009 (based current market price A$30 tonne)

 
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Question 4(a)(iv) Reduction programmes
<>What emissions reductions associated costs savings achieved date result program
year ANZ able reduce electricity consumption 2 % FTE greenhouse gas emissions 5 % FTE

 
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Question 4(a)(v) Reduction programmes
<>What renewable energy energy efficiency activities undertaking manage emissions
ANZ committed carbon neutral 2009 investment procurement renewable energy appropriate ANZ consider procuring renewable offsets (e g offset employee business travel) key component public commitment following initiatives undertaken regards energy efficiency Information Technology Screensaver Changes – ANZ PC's screensavers removed restore “ sleep mode” 15 minutes (total saving estimated 6 300 tonnes CO2 eq) Progressive replacing higher energy intensive CRT Monitors greenhouse friendly LCD screens PC’ s (12 000 approximately) 1000 tonnes CO2 saved Internet Banking – new platform installed reducing number servers required 8% PC Snoozer Branches PC's automatically powered overnight Property new dockland site planned occupation 2009 (5000 staff costing $900 mil) largest star rated green building Australia redefine energy efficiency standards current property portfolio Melbourne Environmental Awareness training course developed focusing different ways staff reduce carbon footprint ANZ participated inaugural WWF supported “ Earth Hour” event Sydney 31 March majority CBD businesses switched lights sign commitment acting climate change Installation new metering 28 sites accurately measure performance improvements trends Installation new energy efficient chillers data processing sites Lights campaign run head office implementation new lighting schedule new Adelaide Office star building existing energy efficient properties Adjusted air conditioning Mount Waverley data centre installed automated sensors

 
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Question 4(b) Emissions trading
company’ s strategy trading EU Emissions Trading Scheme CDM/JI projects trading systems (e g CCX RGGI etc) relevant Explain involvement following
<>EU ETS

 
<>CDM/JI

 
<>CCX
n/a

 
<>RGGI
n/a

 
<>Others

 
<>More
ANZ extending local trading capability international markets focus CDM market Asia Pacific enable provide hedging capability Certified Emission Reduction (CERs) units projects financing discussion companies provide services bid purchase CERs number tenders ANZ identifying new project development opportunities market providing information corporations governments Asia Pacific aware CDM guidelines opportunities ANZ recently hosted high level Chinese delegation organized forum present delegation opportunities CDM Market ANZ invited present clean technology carbon abatement exhibition China ANZ inviting customers present technology forum ANZ developing capability trade international carbon markets initially looking trading EU Emissions Trading Scheme trading credits created CDMs JI projects Kyoto Protocol ANZ carbon offset services extended Asia Pacific

 
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Question 4(c) Emissions intensity
state measurement believe best describes company’ s emissions intensity performance historical current emissions intensity measurements targets
<>Best measurement emissions intensity company
Tonnes CO2 e / FTE tonnes CO2 e / m2

 
<>Historical intensity details
FY04 FY05 FY06tonnes C02 eq / FTE 10 02 9 98 9 46 (NZ 0 86)tonnes C02 eq / m2 0 31 0 33 0 34 (NZ 0 035)

 
<>Current intensity details
Current short term target – 5 % reduction Sept 2007 based 2005 baseline Current medium term target – carbon neutral 2009 primarily renewables energy efficiency

 
<>Target details

 
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Question 4(d) Energy costs
total costs energy consumption e g fossil fuels electric power percentage total operating costs does represent
<>Total costs energy consumption (in US$)
13.5 US$

 
<>Percentage total operating costs (%)
0.4 %

 
<>More Details
FY 2006 energy costs A$16 million 0 4 % total operating costs

 
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Question 4(e) Planning
estimate company’ s future emissions provide details estimates summarize methodology factor cost future emissions capital expenditure planning considerations impact investment decisions
<>Do estimate company’ s future emissions
 Yes 

 
<>Please provide details estimates summarize methodology provide details estimate company's future emissions
ANZ’ s energy efficiency program carbon neutral assessment estimated future growth emissions small overall absolute increase projected overall intensity FTE expected decrease based overall growth operations service organisation light ANZ’ s carbon neutral commitment increase considered non material

 
<>How factor cost future emissions capital expenditure planning

 
<>Have considerations impact investment decisions
 Yes 

 
<>Please provide details

 
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Section B – 5 Climate Change Governance - Responsibility
Question 5(a)(i) Responsibility
<>Which Board Committee executive body overall responsibility climate change
governance climate change ANZ coordinated following manner 1 ANZ’ s Governance Committee (a sub committee Group Board) oversight ANZ’ s corporate responsibility including aspects climate change receives regular updates decision making forums indicated ANZ Board regularly reviews medium term industry trends including impacts climate change 2 Credit Trading Risk Committee (Group level senior executive management committee) responsible considering transactions controversial include environmentally sensitive impacts including assessing impact extened drought conditions loan portfolio 3 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 4 Corporate Responsibility Council (Group level senior executive management committee) provides advice coordination various aspects ANZ’ s corporate responsibility programs including climate change CRC provides regular updates Board works Group businesses help promote achieve objectives 5 Councils Steering Committees guide specific programs ANZ's response important corporate responsibility issues include Environmental Finance Committee advises Credit Trading Risk Committee issues environmental risk committees cover diversity occupational health safety new emerging risks 6 Operations Technology Shared Services overall responsibility developing implementing ANZ’ s energy efficiency program including aspects pertaining meeting ANZ’ s carbon neutral commitments 7 Institutional Banking Division – responsibility assessing risks impacts (physical regulatory) ANZ’ s loan investment portfolio b building staff capacity tools assess climate risks opportunities support clients transactions Institutional division include environmental risks referred CTC transaction falls parameters specified Controversial Issues policy (part Wholesale Risk policy)

 
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Question 5(a)(ii) Responsibility
<>What mechanism Board executive body reviews company’ s progress status regarding climate change
carrying responsibilities mandated committees program reviewing progress outcomes specific aspects ANZ’ s operational response climate change

 
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Question 5(b) Individual performance
<>Do provide incentive mechanisms managers reference activities relating climate change strategy including attainment GHG targets

 
<>If provide details
ANZ implemented program integrating environmental performance objectives executive senior management levels Bank certain instances relevant climate change type performance objectives established

 
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General Information
<>Please add general information attachments related specific question like include response

 
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