Banking
Company Scores
Click on any company for more detailed data.
ANZ
ASB
BNZ
Kiwibank
Westpac
Best Practices
Detail on financed emissions
Across all of the five banks evaluated all are providing a good level of detail on their financed emissions. There is a significant amount of mahi involved in generating this data and it’s great to see it being presented as part of their climate actions.
Working with SMEs
BNZ are working to help SMEs complete their own carbon inventories. They have developed a tool-box to help SMEs with this task. Ka pai BNZ!
Toitū Carbon zero programme
It is great to see the banks being involved in this programme. ASB described their current offsetting activities and it is good to see the nature based solutions being used.
Increasing scope 3 measures
Some of the banks have been making good impact with their emission reductions. While some have not made such a dent. But all are making efforts to include more of their scope 3 emissions which is great to see!
Areas To Improve
Scope 3 - Financed emissions
While it is great to see the detail on the financed emissions there is little context to understand what % of business this is per bank. In addition, it would be great to see some targets for these supported emission reductions.
New Zealand 2050 Net Zero
This statement is well used but seldom explained. What are the key activities that will be needed to reach net zero? And what are policies around these?
Strategies
To understand the importance of climate action in your bank it would be good to see the relationship between the corporate strategy, climate actions and sustainability strategy.
Accountability vs responsibilty for climate action
Most of the banks outline responsibilities for climate and emission targets but there is little discussion of accountability. Who is going to be held to account for emission reductions?