Anz s Sustainability Framework Analysis - 2201 Words

The approach: ANZ’s Sustainability Framework is about how to manage business to take account of economic, social and environmental risks and opportunities to deliver value for customers, shareholders, people and communities. It supports the vision of becoming the best connected, most respected bank in the Asia Pacific region. Involving social and environmental factors into consideration when it comes to business decisions, products and services to achieve customers’ sustainability aims and communicate long term services for all the stakeholders. Growing business in a sustainable way of thinking requires banking activities to be financially, socially and environmentally approachable in both short and long term operation.†¦show more content†¦And just as ANZ’s approach has put them in the means to short-term and long-term managing, all corporations must have been operating for both short-term and long-term running. Economic sustainability refers to an economy’s ability to create and maintain economic conditions that retain economic health of current moment and long-term economic development. In the banking corporation, it’s less complex to aiming for, as banking of all organizations should know how to manage funds in the long run financially profitable. Environmental sustainability is about making responsible decisions that will reduce the negative impact on the environment caused by business activities, not simply about reducing the amount of waste you produce or using less energy, but is conc erned with developing state that will make businesses more reliably sustainable in future operations. Social sustainability has been given less attention in public activities than economic and environmental sustainability. It is the neither the most defined or understood of the different ways of approaching sustainable development. ANZ seeks to better understand social and environmental pressures and to identify what can be done in the workplaces and branches to help minimise environmental impact. They also actively support customers and suppliers to deliver environment-friendly and social outcomes. Switching to new operating method and techniques It is clear that ANZ has put