Our Environmental Agenda focuses on three key areas:
- Climate change
- Biodiversity loss and ecosystem degradation
- Resource scarcity
Through our materiality assessment and ongoing engagement, regulators, ESG analysts, investors and benchmarking initiatives (like the DJSI and CDP) continue to request disclosure of information relating to our management of risks and opportunities associated with these focus areas.
This year, our stakeholders have sought specific information on our own energy usage and GHG emissions, as well as information on:
- Products and services that help to address climate change and assist in the orderly transition to a low-carbon economy; and
- Lending book exposure to carbon risk in carbon intensive sectors; and
- Changes to lending exposures in carbon intensive sectors over time.
We believe it is important to lead by example in making sure our direct footprint is minimised, while also drawing on our own learning to support our customers in order to contribute towards the orderly transition to a low-carbon economy.
How we are responding