ANZ ‘off track’ on diversity
ANZ has labelled itself as having been ‘off track’ when it comes to increasing women in leadership and recruiting over 1,000 people from under-represented groups.
In its environmental, social and governance (ESG) report, the bank said it aimed to have women make up at least 34.1% of its leadership by 2020 but was only at 33.1%.
The bank had increased its female representation every year since 2015 where it stood at 29.5%.
The bank currently employed around 39,000 people but had failed to meet its target of recruiting over 1,000 people from under-represented groups by 2020 with only 829 hired.
The under-represented groups included refugees, people with a disability, and indigenous Australians.
However, the ESG report noted that the bank was ‘on track’ for six out of its eight targets.
These included:
- Improve reputation and community trust;
- Fund and facilitate at least $50 billion by 2025 in sustainable solutions (currently at $4.1 billion);
- Reduce scope one and two emissions by 24% by 2025 and 35% by 2030 (currently at 29%);
- Help enable social and economic participation of one million people by 2020 (currently greater than 998,000);
- Fund and facilitate $1 billion of investment by 2023 (currently at $315 million); and
- NZD $100 million ($92.1 million) of interest fee loans to insulate homes (currently at NZD$7.45 million).
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