ANZ judged most sustainable bank

Sustainable transport ANZ has been ranked the most sustainable bank globally on the Dow Jones Sustainability Index (DJSI). Its score of 86% tied it with fellow Australian owned bank, Westpac, but a score weighting process meant that it rated higher than Westpac, which had been ranked highest for the last five years.

The DJSI measures companies across a range of economic, environmental and social criteria, including corporate governance, workplace practices, environmental policies and management.

Finsec, as the legally recognised official organisation representing many of ANZ’s New Zealand based workers, can confirm that the Dow Jones Sustainability Index did not engage us for our view of ANZ National’s workplace practices. We assume it based this assessment on input from the bank’s own human resources team and senior management.

According to the Melbourne Age:

“Australian Conservation Foundation legal counsel Charles Berger said ANZ had made significant progress but it had some way to go on the sustainability front, particularly in the area of logging. ‘In the area of forestry policy, they fall short of world’s best practice compared with multinational banks,’ Mr Berger said.

The Australian Conservation Foundation has been in dispute with the bank over its relationship with logging companies such as Malaysia’s Rimbunan Hijau in Papua New Guinea.”

(thanks to Gino for the photo)

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