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ANZ Rejects Collusion Claims Over Emissions Targets

Jan 17, 2025

ANZ Bank New Zealand Limited (NZX: ANZ) has firmly denied accusations from Federated Farmers that banks in New Zealand have colluded to set emissions targets as part of the Net Zero Banking Alliance (NZBA). Federated Farmers recently urged New Zealand banks to exit the NZBA following the withdrawal of six major U.S. banks. The group also requested the Commerce Commission to investigate allegations of anti-competitive behavior linked to net-zero lending policies. ANZ has reiterated its commitment to transparent and competitive practices while supporting global sustainability goals.

 

 

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