ANZ will invest $US50 million for a minority equity stake in Pollination. The parties say the agreement allows both companies to accelerate their impact by delivering solutions and support across the Asia Pacific at a volume and a scale unreachable without the partnership.
Whelan said through the transition to net-zero carbon businesses are looking for a total solution, one the ANZ and Pollination partnership will look to provide.
“You combine all of that, starting with advice, on how they transition, how they finance the transition,” he said. “I think between the two of us, this is going to deliver a lot of what they need.”
Wilder agreed, noting for some business, their ability to make the transition is critical to their future.
“For some of the businesses we’re working with, [the sustainable revolution] is a bit of an existential crisis,” he said. “Their old business model isn’t going to work.”
“They need to do new things, to transition over time. The ability to bring the solutions we … offer together is very exciting.”
Whelan said the partnership underpins ANZ’s Environmental Sustainability strategy which is focused on 12 key priority areas - including advisory and carbon trading - that will help support the bank’s customers’ transition to net zero.
Mark Whelan is Group Executive Institutional at ANZ & Martijn Wilder AM is Co-founding Partner at Pollination
This article was originally published on ANZ’s Institutional Insights website