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ANZ Banking Group, and Friends of the Earth and Individuals
Lead NCPAustralia
Supporting NCP(s)
DescriptionSpecific instance submitted by NGOs concerning an alleged non-observance of the OECD Guidelines by ANZ Banking Group
Theme(s)General policies, Disclosure, Environment, Consumer interests
Date30 Jan 2020
Host country(ies)Australia
SourceNGO, Individuals
Industry sectorFinancial and insurance activities
StatusIn progress
Summary

On 30 January 2020, Friends of the Earth, an NGO, and three individuals (Egan, Dodds and Simons) submitted a specific instance to the Australian NCP concerning the ANZ Banking Group. The submitters allege that ANZ’s lack of full disclosure about its climate change impacts prevent consumers from making informed decisions whether or not to engage with the bank.

The submitters request ANZ to:

  • Disclose greenhouse gas emissions, including indirect emissions
  • Divest interests in coal and other fossil fuel industries
  • Commit to greenhouse gas emission targets in line with the Paris Agreement
  • Conduct and disclose comprehensive climate-related scenario analysis for all financed sectors

The specific instance is currently undergoing an initial assessment.