This company profile is not publicly available
Australia's fourth largest bank.
|Australia and New Zealand Banking Group Ltd||AUS||website|
|Australia and New Zealand Banking Group Ltd|
ANZ has achieved carbon neutral certification under the National Carbon Offset Standard (NCOS). Through the NCOS Carbon Neutral Program, ANZ's Australian business operations are certified carbon neutral. This involves measurement of the carbon footprint of the organisation, monitoring and reducing emissions and offsetting all remaining emissions associated with the organisation since 1 October 2009. While NCOS Carbon Neutral Program certification is limited to ANZ's Australian business operations, ANZ has applied the same method and approach required under the NCOS to offset its global emissions.
[Source 2013][More on Climate Change]
In 2019, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change Score of A-.
[Source 2019][More on Climate Change]
This company received an S&P Global ESG Score of 82/100 in the Banks category of the 2019 SAM Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices. The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
[Source 2019][More on Sustainability Reporting]
The Equator Principles (EPs) are a set of guidelines, based upon the Performance Standards and guidelines from the IFC, the World Bank's private sector lending arm for private banks to assess and mitigate risks in project finance. Banks use the Principles to guide internal operating procedures for transaction for specific projects. Although the EPs are an important step to raise overall standards of financiers and projects in the developing world, they currently fall short on transparency and governance requirements.
[Source 2018][More on Governance]
Banks play a critical role in enabling and sustaining fossil fuel projects. ANZ loaned $23.4 billion to dirty fossil fuel projects between 2008 and 2016, vastly overshadowing its lending to renewable energy.
[Source 2016][More on Climate Change]
The 2018 report "Banking on Climate Change" analyses 36 banks and their financing of tar sands oil, Arctic oil, ultra-deepwater oil, LNG, coal mining, and coal-fired power between 2015 and 2017. This bank invested over US$1 billion and received a D grade for its policies.
[Source 2018][More on Climate Change]
Oxfam Australia's 2014 report, 'Banking on Shaky Ground - Australia's big four banks and land grabs', includes evidence that ANZ, Westpac, NAB and the Commonwealth Bank have backed companies that have contributed to illegal logging, forced evictions, inadequate compensation, food shortages and child labour. In Cambodia, the ANZ Bank is financing a sugar plantation that has involved child labour, military backed land grabs, forced evictions and food shortages. Oxfam's 2016 follow-up report showed that little has changed. ANZ still has no policy on agriculture or land issues, and is yet to substantially respond to Oxfams 2014 report.
[Source 2016][More on Human Rights]
The 2018 update of the International Campaign to Abolish Nuclear Weapons' (ICAN) global report, "Don't Bank on the Bomb" showed that 329 financial institutions from around the world invested into 20 companies involved in the production, maintenance and modernization of nuclear weapons. Since 2014 this financial institution invested over US$1.9 billion into 13 of the 20 nuclear weapons producers named in the report.
[Source 2018][More on Nuclear]
In 2017 this company agreed to pay $50 million to settle an interest rate-rigging case brought by ASIC. As part of the in-principle settlement, ANZ will admit that it attempted to engage in unconscionable conduct, and manipulated the bank bill swap rate (BBSW) 10 times between September 2010 and February 2012. The BBSW is the key rate the market uses to set all other lending rates, such as mortgages and credit cards.
[Source 2017][More on Finance]
This company received a score of 49.9/100 in the Newsweek Green Ranking 2017, which ranks the world's largest publicly traded companies on eight indicators covering energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, board-level committee oversight of environmental issues and third-party audits. Ranking methodology by Corporate Knights and HIP Investor.
[Source 2017][More on Sustainability Reporting]
This bank appeared at #22 in a list of banks backing expansion in the tar sands. They have loaned US$44 million to companies operating in the Canadian tar sands since 2007, according to Bloomberg. Extracting oil from tar sands produces between 3 and 5 times the greenhouse gas pollution of conventional oil production, pollutes water, destroys forests, and uses huge amounts of energy to process. [Listed under Information due to age of report]
[Source 2010][More on Habitats]
According to the democracyforsale.net website, this company donated $1,588,848 to Australia's major political parties between 2012 and 2018, as disclosed to the Australian Electoral Commision (AEC).
[Source 2018][More on Politics]
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: responsible corporate engagement in climate policy; report climate change information in mainstream reports as a fiduciary duty.
[Source 2017][More on Climate Change]
This company is listed by the Workplace Gender Equality Agency (WGEA) as a Employer of Choice for Gender Equality citation holder. The citation is designed to encourage, recognise and promote active commitment to achieving gender equality in Australian workplaces.
[Source 2019][More on Workers Rights]
Green Bonds enable capital-raising and investment for new and existing projects with environmental benefits. The Green Bond Principles are voluntary process guidelines that recommend transparency and disclosure and promote integrity in the development of the Green Bond market by clarifying the approach for issuance of a Green Bond.
[Source 2018][More on Multi-Stakeholder Initiatives]
Between 2015 and 2018 this company paid $6 billion tax on a total income of $89 billion, earning the number 6 spot on Michael West's Top 40 Tax Payers 2020. West calculated which of Australia's largest companies have paid the most tax using three years of tax transparency data published by the Australian Tax Office.
[Source 2018][More on Finance]
The Forest 500 identifies, ranks, and tracks the governments, companies and financial institutions worldwide that together could virtually eradicate tropical deforestation. Rankings are based on their public policies and commitments and potential impacts on tropical forests in the context of forest risk commodities (palm oil, soy, beef, leather, timber and paper). This financial institution received a score of 45%.
[Source 2019][More on Forests]
BankTrack is a global network of civil society organisations and individuals tracking the operations of the banking sector and the activities they finance. BankTrack aims to promote fundamental changes in the banking sector so that banks adopt just and sustainable business practices. Follow the link to see this bank's profile.
|Company Structure||Public company|
|Address||100 Queen St, Melbourne, VIC, 3000, Australia|
|Freecall||1800 805 154|