The 'Blue Bank' adds a touch of green
ANZ Chairman David Gonski has recognised the "interest" taken by shareholders in sustainability and the environment, noting in his prepared speech at the ANZ annual general meeting in Adelaide yesterday that ANZ was "recognised as a leading bank globally on the Dow Jones Sustainability Index scoring 94 out of 100, our highest score ever".In the context of the climate change meeting in Paris, Gonski acknowledged "more efficient, low carbon emitting power generation is a focus of our climate change commitments." "Australia and the region are shifting to low carbon technologies … but this will take some time."Gonski added that ANZ has made four new commitments in 2015 to encourage "an orderly transition to a low carbon economy: to fund and facilitate at least $10 billion by 2020 to support ANZ's customers to transition to a low carbon economy - eg, to increase energy efficiency in industry, for low emissions transport, and for renewable energy and emerging technologies such as carbon capture and storage, and climate change adaptation measures not to finance any new conventional coal-fired power plant to consider financing new coal-fired power plants that use advanced technology and higher quality coal to significantly reduce emissions to apply stronger due diligence processes on lending to coal mining, transportation and power generation