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ESG governance

Our ESG approach and its implementation, including how we manage our ESG risks and opportunities, are primarily overseen by the Board and management through our Board EESG Committee and executive Ethics and Responsible Business Committee (ERBC).

Governance

The Board is responsible for the oversight of the Group, and its overall governance and performance, with specific duties as set out in its charter available at anz.com/corporategovernance.

There are six principal Board Committees:

  • Ethics, Environment, Social and Governance (EESG) Committee
  • Audit Committee
  • Risk Committee
  • Human Resources Committee
  • Digital Business and Technology Committee
  • Nomination and Board Operations Committee

Each Committee has its own charter, setting out its roles and responsibilities.

At management level, the Group Executive Committee comprises ANZ’s most senior executives. There is a delegations of authority framework that clearly outlines those matters delegated to the CEO and other members of senior management.

Additionally, there are a number of formally established management committees that deal with particular sets of ongoing issues.

For further information on our governance framework, refer to our Corporate Governance Statement.

Our Annual Report outlines how our most material, social and environmental risks and opportunities are captured and managed within our existing Material Risk categories.

The Board EESG Committee, chaired by ANZ’s Chairman, is responsible for assisting the Board by providing oversight of measures to advance our purpose, focusing on ethical and ESG matters. 

In undertaking this role, the EESG Committee is responsible for oversight, review and approval of our ESG approach, objectives and performance, including our ESG targets. 

The Board EESG Committee generally meets at least four times annually. Meetings typically open with an overview of the ESG operating environment, covering current and emerging issues, including regulatory and parliamentary inquiries, community sentiment, relevant international developments and our stakeholder engagement.

The ERBC, chaired by the CEO, comprises Senior Executives and members from business divisions and Group functions.

The ERBC is a leadership and decision-making body that exists to advance our purpose and seeks to ensure that ANZ operates responsibly and achieves fair, ethical and balanced stakeholder outcomes. The ERBC approves relevant ANZ policies, such as those policies identified in ANZ’s Climate Change Commitment. The ERBC provides leadership on our ESG risks and opportunities, monitoring progress (quarterly) against our ESG targets, which include those related to climate change.

The ERBC considers the social and environmental impacts of the industries, customers and communities ANZ serves. The ERBC is responsible for overseeing the ERBC Sub-Committee for sensitive wholesale transactions.

The ERBC is accountable to the Board EESG Committee in the effective discharge of its responsibilities. It operationalises Board objectives and makes decisions on issues and policies.

Risk management

The Board is responsible for establishing and overseeing the Group’s Risk Management Framework (RMF). The RMF was put in place to help identify, evaluate, monitor, control and report on material risk.

The Board has delegated authority to the Board Risk Committee to develop and monitor compliance with the Group’s risk management policies. The Committee reports regularly to the Board on its activities.

For further information on our approach to risk management, refer to our Annual Report.

While it's embedded in day-to-day activities, governance is also the focus of committees and regular forums across the bank. The committees and forums discuss and monitor known and emerging risks, reviewing management plans and monitoring progress to manage known issues. This may include risks that arise from the social and environmental impacts of our lending decisions.

 

ANZ's 2024 Environment, Social and Governance (ESG) Supplement

This report provides stakeholders with information on ANZ's focus on bringing our purpose to life through elevating areas facing significant societal challenges aligned with our strategy and reach. It includes performance against our ESG targets and our management of material ESG issues. Released 8 November 2024.

2024 ESG Supplement (PDF 18.5MB)

  

Reporting

2024 ESG Supplement

This report provides stakeholders with information on ANZ's focus on bringing our purpose to life through elevating areas facing significant societal challenges aligned with our strategy and reach. It includes performance against our ESG targets and our management of material ESG issues. Released 8 November 2024.

PDF 18.5MB

Social and Environmental Sustainability Target Methodology 

ANZ's Social and Environmental Sustainability Target Methodology. Updated 8 November 2024.

PDF 336KB

2024 Operational Emissions Assurance Report

The 2024 Annual GHG Emissions and Carbon Offset Data Assurance Statement details our global carbon offset data, prepared by KPMG. Released 8 November 2024.

PDF 284kB

See more reports 

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