The 2025 Banking on Climate Chaos report showed that ANZ provided $8.4 bn in financing to the fossil fuel industry between 2021 and 2024. In 2024 only, ANZ provided $2.1 bn, including $648 mn for oil, gas and coal companies expanding fossil fuels. Find further details on ANZ's fossil fuel portfolio and how it compares to other large banks globally on the Banking on Climate Chaos website below.

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of ANZ’s fossil fuel policy below.

BankTrack assessed ANZ in its 2024 Global Human Rights Benchmark, where it achieved 9 points out of 15 and was ranked as a “moderate achiever”.

The bank scored 1 out of 3 points on the new “specific rights indicators”, which assess how banks address human rights defenders, Indigenous Peoples’ right to Free, Prior and Informed Consent and environmental rights in their policies and practices.

In addition, ANZ scored 0.67 out of 3 on how it responds to alleged human rights violations linked to its finance, which were raised by civil society organisations. More information is detailed in the “Accountability” section of this profile.

The table below shows BankTrack's assessment of how ANZ  has implemented the UN Guiding Principles on Business and Human Rights. Please click on 'expand all details' and 'explanation' for further information on the methodology.

Our policy assessments are always a work in progress. We very much welcome any feedback, especially from banks included in the assessments. Please get in touch at humanrights@banktrack.org.

ANZ's policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 3.9 out of 10 and ranking it as a follower. ANZ achieved a score of 0 out of 10 specifically for its policies related to the beef sector and 3.6 out of 10 for its policies related to the palm oil sector. Between 2016 and 2022, ANZ provided USD 985 million in credit to companies operating in these forest-risk sectors. For more information, see the links below.

ANZ is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.

BankTrack is keeping track of the public response of ANZ to Russia's illegal invasion of Ukraine. ANZ's public position on the war is unclear. We consider its exposure to Russia as limited. For further details, see the table linked below.

As part of the Net Zero Banking Alliance (NZBA), ANZ is required to set interim targets for 2030 for high emission priority sectors. For ANZ, this includes its lending to the steel sector. You can see ANZ’s iron and steel decarbonisation targets, and its progress towards meeting them in our NZBA steel targets compliance tracker:

Partner organisation Reclaim Finance’s 2023 report on metallurgical coal financing showed that ANZ provided US$ 2.9 billion in loans and underwriting to developers of new metallurgical coal between 2016 and 2022. Find further details on ANZ’s metallurgical coal financing and and how it compares to other large banks globally in the report.

Reclaim Finance also tracks the metallurgical coal policies of financial institutions, including banks, in their Coal Policy Tool. BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of ANZ metallurgical coal policy below.