Greenpeace is asking the bank to explain to the broader community what its policy actually means, and to rule out financing new coal power stations in Australia. Before CEO Mike Smith puts his hand out for a few million more in pay, shareholders have a right to ask him to do his homework and manage their risks with a little more care and thought – if not courage.
What is crystal clear, however, is that any customers who wish to bank with an organisation that recognises the risk posed by climate change and one that is actively trying to manage it, they would be well advised to look further afield than ANZ.
