ANZ embraces renewable energy

Wednesday, 2 May 2007, 11:42 am
Press Release: ANZ Bank

Australia and New Zealand Banking Group Limited ABN 11 005 357 522
For Release: 2 May 2007

ANZ embraces renewable energy to be carbon neutral by 2009

New Melbourne ANZ building to be 6-star, greenest large office in
Australia

ANZ today announced two major initiatives to significantly reduce its environmental footprint by committing to become carbon neutral by 2009 through a significant investment in renewable energy, and unveiled plans to make its new building in Melbourne’s Docklands the most sustainable large commercial
building in Australia.

Announcement key points
• ANZ has committed to becoming carbon neutral, initially in Australia and New Zealand, by the end of 2009 by purchasing enough renewable energy to offset its greenhouse gas emissions – which in 2006 was approximately 185,000 tonnes of CO2 – for an additional cost of about $5 million per annum.

ANZ also plans to finance new capacity in the renewable energy sector.

• ANZ will significantly reduce its environmental impact by designing its new building at 833 CollinsStreet in Melbourne’s Docklands to seek the highest possible environmental rating of 6-star Green Star, which signifies ‘world leadership’ in green building design.

The $512 million project – the largest
single office development in Australia – will create 83,550sqm of office space at 833 Collins Street,which will be home to 5,500 ANZ staff from 2010.

Making the announcement at a ‘turning of the soil’ ceremony at the Docklands building site today, ANZ Chief Executive Officer Mr John McFarlane said ANZ was committed to improving its environmental performance and playing its part in tackling the global challenge of climate change.

“We can make a major step forward in this area through investments that create Australia’s most sustainable large commercial building and which ensure we are carbon neutral through a leading role in the development of renewable energy projects. Although we know there will still be much to do in reducing ANZ’s environmental footprint, creating a sustainable building which will stand on the world stage is an important step forward for ANZ, our people and for Melbourne,” Mr McFarlane said.

The renewable energy projects will be chosen through a competitive tender process that will be announced in coming months. Initially, ANZ will offset its Australia and New Zealand greenhouse gas emissions by the end of 2009, with plans to extend this to its global operations in future years.

ANZ will increase its investment in Docklands by 7% to fund innovative environmental features such as wind turbines, solar sliver cells, a landscaped roof, stormwater re-use, water recycling, a tri-generation
plant and air-conditioning with 100% fresh air.

ends

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