ANZ Banking Group says it will allocate more capital – not less – to heavy emitters to enable the Australian economy’s smooth transition to net zero emissions.
ANZ doubled its $50 billion sustainable financing target to $100 billion by 2030, having already hit $40 billion within three years and finding itself on track to meet the $50 billion by the end of this financial year.
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Ayesha de Kretser is a senior reporter with The Australian Financial Review covering the aviation and tourism sectors. She has previously reported on banking, mining and commodity markets. Connect with Ayesha on Twitter. Email Ayesha at ayesha.dekretser@afr.com.au
