ANZ Bank
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The Australia & New Zealand Banking Group Ltd (ANZ Bank) is one of Australia's "big four" banks.
Contents
Profitteering from Iraq War
ANZ is one of a number of banks to take a stake in the Trade Bank of Iraq.
Financing Logging in PNG
Connections with Rimbunan Hijau
Coal financing
In 2010, ANZ was named by the Dow Jones Sustainability Index as the most sustainable bank globally, yet Greenpeace has found that the bank is the leading financier of the coal industry and coal-fired power stations. According to Greenpeace, the bank has financed nearly $1.7 billion worth of mines, ports and power stations in the last five years. In response, ANZ released a statement to Lateline saying it recognises the ongoing "importance of coal in Australia's energy security" while Australia makes the transition to a low carbon future, and that the bank is the nation's "leading renewable energy financier" and is starting to "see a shift in our portfolio from coal to alternative sources". Greenpeace says it will draw on more than 100,000 supporters for what it calls a "big and long campaign" against ANZ.[1]
See ANZ and coal for more details.
Directors
Accessed March 2008: [2]
- Charles B. Goode, AC - Independent Non-Executive Director
- Gregory J. Clark - Independent Non-Executive Director
- Jerry K. Ellis - Independent Non-Executive Director
- Margaret A. Jackson - Independent Non-Executive Director
- Ian J. Macfarlane - Independent Non-Executive Director
- Michael Smith (ANZ) - Chief Executive Officer
- David E. Meiklejohn - Independent Non-Executive Director
- John P. Morschel - Independent Non-Executive Director
External links
- Australian Conservation Foundation, NGOs lodge complaint against ANZ Bank for PNG illegal logging ties, 23 August, 2006.
- Richard Gluyas, ANZ goes green with WWF, The Australian, November 22, 2006.
- Leon Gettler, Greenward ho! ANZ looks to the environment, The Age, November 23, 2006.
Resources and articles
Related Sourcewatch articles
- Roderick S. Deane - Former director
- Alison Watkins
- John Anderson (Australia)
- John McFarlane - Former CEO
- Mark Paton
- Rod Eddington
References
- ↑ Margot O'Neill, "Greenpeace targets 'coal backing' ANZ" ABC News, Oct. 18, 2010.
- ↑ Directors, ANZ, accessed March 7, 2008.
