ANZ Banking Group

The institution has a publicly available policy statement committing to respect ILO core labour rights and expects suppliers to do the same. Decision-making and oversight for its sustainability strategy are assigned to the highest governance body, and performance criteria for senior executive remuneration are linked to specific sustainability targets. It also has a publicly available policy statement committing to respect human rights.

The institution transparently identifies key sectors, clients, and investees for engagement on climate issues and prioritises sectors with significant nature-related impacts. It engages in partnerships to influence these sectors and provides examples of how its offerings support climate adaptation and resilience. Additionally, it monitors its scope 1-2 emissions and emissions from associated financing activities (Scope 3 category 15). The institution discloses the monetary amount or share of products, services, and capital provided to usually excluded groups, as defined by itself.

The institution has the opportunity to disclose its methodology for determining a living wage in its operational regions. While it identifies material sustainability impacts, further detail on the objective criteria and evidence used for prioritisation is needed. There is potential for a time-bound strategy to phase out products, services, and capital to fossil fuel projects lacking alignment with a 1.5°C trajectory. Targets related to climate solutions could be more specific regarding time and measurability. A strategy for the protection and restoration of nature, covering priority sectors, is also recommended. Engagement with clients on nature protection could be enhanced to support their strategies. Although scope 3 emissions are monitored, additional categories could be included with justifications for exclusions.

Additionally, targets related to climate solutions could be more specific regarding time and measurability. A strategy for the protection and restoration of nature, covering priority sectors, is also recommended. Engagement with clients on nature protection could be enhanced to support their strategies. Although scope 3 emissions are monitored, additional categories could be included with justifications for exclusions.

A breakdown of clients by income group is recommended, along with processes to avoid negative impacts on low-income countries from sustainability strategies. The risk assessment process currently addresses some ILO fundamental rights but could encompass the full set. It is advised that the institution disclose its risk mitigation processes and identify social risks related to the net zero transition. Additionally, providing an example of actions taken regarding salient human rights issues from assessment processes in the last three years is recommended.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.