Nationals call for ANZ boycott after bank's push for net zero emissions

Bank says it will stop lending to its largest customers unless businesses have carbon transition plans

A climate change commitment from ANZ to halt lending to its largest customers unless the businesses can prove carbon transition plans by next year has been cautiously welcomed by conservationists, but enraged senior Nationals MPs.

ANZ's new emissions policies, outlined in a climate change statement at its full year results presentation on Thursday morning, aim to support efforts to achieve net zero carbon emissions by 2050 - but not net zero gas or oil by 2050 - with significant steps to be taken by the 2021 financial year to shape the bank's operations until 2030.