INSIGHT
ANZ committed to sustainability
ANZ published its 2020 half-year environmental, social and governance update in April together with its interim financial results.
The bank sets public environmental, social and governance targets each year, many of which are aligned with the United Nations’ Sustainable Development Goals. These targets reflect ANZ’s ESG priorities and its purpose – to help shape a world in which people and communities thrive – and support the delivery of the bank’s business strategy.
In October 2019 ANZ introduced a new $A50 billion by 2025 commitment to fund and facilitate sustainable solutions for customers including initiatives to help improve environmental sustainability, increase access to affordable housing and promote financial wellbeing.
As of March 31 2020, ANZ has funded and facilitated $A4.08 billion in sustainable finance transactions. These include green, social and sustainability bonds as well as sustainability linked and green loans, renewable energy and low emissions transport.
The new target exceeds the previous $A15 billion commitment by more than three times and expands the focus beyond environmental sustainability to also include affordable housing and financial wellbeing.
Tell us your view
We want to hear from you.
ANZ and its partner FinanceAsia are conducting the Third Green and Sustainable Financing Poll.
The drive to de-carbonise the economy and the importance for companies to access green and sustainable capital is more relevant as the global economy faces a prolonged slowdown due to the COVID-19 pandemic. This is a good time to learn more about investor demand and issuer appetite for the asset class.
CLICK HERE to access the poll.
You can learn more about last year’s poll HERE.
While the COVID-19 pandemic has delayed the execution of some transactions, the pace is expected to pick up when the crisis abates.
You can read more in ANZ’s 2020 half-year ESG update.
Sharon Klyne is Associate Director, Communications, at ANZ Institutional
This publication is published by Australia and New Zealand Banking Group Limited ABN 11 005 357 522 (“ANZBGL”) in Australia. This publication is intended as thought-leadership material. It is not published with the intention of providing any direct or indirect recommendations relating to any financial product, asset class or trading strategy. The information in this publication is not intended to influence any person to make a decision in relation to a financial product or class of financial products. It is general in nature and does not take account of the circumstances of any individual or class of individuals. Nothing in this publication constitutes a recommendation, solicitation or offer by ANZBGL or its branches or subsidiaries (collectively “ANZ”) to you to acquire a product or service, or an offer by ANZ to provide you with other products or services. All information contained in this publication is based on information available at the time of publication. While this publication has been prepared in good faith, no representation, warranty, assurance or undertaking is or will be made, and no responsibility or liability is or will be accepted by ANZ in relation to the accuracy or completeness of this publication or the use of information contained in this publication. ANZ does not provide any financial, investment, legal or taxation advice in connection with this publication.