ANZ
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Return to Summary of all ProvidersPrimary activity : RetailerCarbon offset retailers either fund or purchase carbon offsets in large quantities and then on sell them to individual consumers in smaller quantities. , BrokerA broker is an intermediary, who buys and sells carbon offsets on behalf of clients. Price (per tonne CO2e) : AU$0 - AU$50+
Summary
ANZ's view on the role of carbon offsets in addressing climate change"ANZ believe addressing climate change and managing one's carbon footprintA measure of the greenhouse gas emissions attributable to an activity; it is commonly used at an individual, household or business level. It calculates the direct and indirect amount of CO2-eA standard measure that takes account of the different global warming potentials of greenhouse gases and expresses the cumulative effect in a common unit. emissions produced. is an ongoing journey. Businesses and individuals can and should try and reduce their own carbon emissions through reductions in energy, water and paper use. In addition, carbon offsets can also play a role when providing genuine environmental benefits. Carbon offsets allow organisations to further reduce the net impact of their emissions by supporting those who have a further capacity to reduce emissions."
Detailed InformationClick on the tabs below for more information:
Summary
Role in the Carbon Offset Market[Q1]Retailer, BrokerMain client base[Q3]Large corporates and government organisations; wholesale volumes onlyBroker
Broker Information
Types of transactions in carbon credits offered[Q23b]- Spot tradesThe purchase or sale of abatement (e.g. carbon offsets) for immediate delivery. Spot trades are settled "on the spot" (usually within one or two business days), as opposed to at a set date in the future. Futures transactions that expire in the current month are also considered spot trades. Spot trades are also known as "cash trades". Spot trades are the opposite of forward contracts.
- ForwardsThe buyer invests the money upfront but does not get the credits until they are actually produced. These are long-term commitments that are predominantly done on a large scale. (Over The Counter)
- Purchase for surrenderCarbon offsets are purchased and retired from the market by the offset provider.Standard brokerage fees determined by[Q24]- Price is includes brokerage but excludes GSTIndicative pricing[Q25]Information not providedHow is the retirement of abatement verified to your client?[Q27]- Information not provided.Independent certification and/or third party documentation to prove the validity of all the different offsets that you provide available[Q28]- Automatically every timeOffset Products
Offset Products
Price(s) per tonne[Q17]AU$0 - AU$50+
[Find out more about project types]Offset Quality
Offset Quality
Organisation is licensed to provide financial advice (or to be an authorised representative in providing financial advice) in the context of brokerage of carbon commodities[Q23a]Yes - Australian Financial Services Licence Number: Information not providedHow does your organisation calculate the amount and price of carbon offset required by customers?[Q10]- Personal contact from clients with specific needs for type of offsetA carbon offset is an investment in a project or activity that reduces greenhouse gas (GHG) emissions or sequesters carbon from the atmosphere that is used to compensate for GHG emissions from your own activities. For more information see here. and tonnageDo you provide quality assurance or technical documentation on your web site or on request?[Q16]Information not providedIs your organisation audited by an independent third party for the sale and retirement of offsets and / or RECs?[Q16b] NoDoes your organisation supply National Carbon Offset Standard (NCOS) or NCOS compliant abatement to customers from 1st July 2010?[Q18] Yes, NCOSThe Commonwealth Government’s National Carbon Offset Standard (NCOS) came into effect on 1 July 2010 coinciding with the cessation of the Government’s Greenhouse Friendly™ program. It is intended to ensure that consumers have confidence in the voluntary carbon offset market and the integrity of the carbon offset and carbon neutral products they purchase. It provides guidance to businesses who wish to make their organisation carbon neutral or develop carbon neutral products in a way that achieves emissions reductions, through the purchase and cancellation of eligible carbon offsets. More Information eligible offsetA carbon offset is an investment in a project or activity that reduces greenhouse gas (GHG) emissions or sequesters carbon from the atmosphere that is used to compensate for GHG emissions from your own activities. For more information see here. units
[Q19]What evidence of purchase can customers expect to receive when buying carbon offsets from your organisation?- Certificate for amount of offsetA carbon offset is an investment in a project or activity that reduces greenhouse gas (GHG) emissions or sequesters carbon from the atmosphere that is used to compensate for GHG emissions from your own activities. For more information see here. purchased
- Certificate of Retirement/Acquittal
- Tax InvoiceWhat documentation is available to customers about the carbon offset project/s as part of the education and quality assurance process?[Q22]- We do not supply independent documentation to customers
[Find out more about issues relating to offsetting]
[Find out more about Certification Standards]Resources
Resources
Do you provide a carbon footprint calculation service for your customers?[Q12]- NoDo you apply National Greenhouse Accounts Factors full fuel cycle emissions conversion factors to calculate customer emissions?[Q14]-Other carbon management services[Q11]- Risk management products for mandatory carbon credit requirements.
[Find out more about carbon offsetting]Projects
Project Information
No Project Information has been provided Contact Details
Contact Details
For more information please contact:
ANZ
http://www.anz.com/Markets/Solutions/CarbonTrading.asp
+ 61 3 9095 0101
7/100 Queen Street Melbourne 3000Information Submitted by ANZ in October 2011




