ANZ
In October 2006 ANZ (Institutional) and WWF formed a three year partnership focusing on integrating environmental considerations into business decisions to generate sustainable value.
WWF is working with the bank to create business policies that truly benefit the environment by having clear and measurable environmental targets. The policies are being written and implemented into ANZ's daily business operations to meet world standards for high-impact industries such as energy, water, forestry and mining.
Major effort is being undertaken to engage ANZ staff, and ultimately their clients, to commit to environmental sound practices and decisions underpinned in the policies.
The partnership contains five key work streams that will benchmark the progress of the partnership:
- Rigour: Rigorous decision-making about environmental finance ("Environmental Finance")
- Learning: Organisational learning about the environment ("Eco-literacy")
- Discipline: Reducing ANZ’s environmental footprint, doing it ourselves ("Environmental Performance")
- Leading: Grappling with the issues and making a difference, identifying a pathway to a more sustainable economy ("Environment and Economy")
- Research: Investigating the possibilities for change ("Environmental Science")
WWF believes it is essential to engage with businesses to review and improve their environmental and social commitments. This is critical to encourage the business sector to make the vital choices that move us towards sustainable finance and subsequently sustaining living.
The WWF and ANZ partnership is in its infancy and there will be many opportunities to update our progress on this very important initiative.
