ANZ's response to RAN report
- ANZ has made clear that our thermal coal mining exposure has, and will continue to, significantly reduce over time.
- Since the Paris Agreement was reached in 2015, our exposure to thermal coal mining has reduced by about 70%. Simultaneously, we have committed $50 billion to support companies in their transition to a low-carbon economy.
- Our exposure to oil and gas businesses has remained relatively flat over the past five years.
- Last year we released an updated Climate Change Statement that outlined how we will support our customers transition to net zero emissions by 2050, including engaging with our largest emitting business customers on their low-carbon transition plans.