Page 3 - Ausbil 2024 Annual ESG Report

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Executive Summary
2024 was the biggest year yet for ESG engagement. We had over 230 meetings and other activities that focused on policy advocacy, collaborative initiatives, and industry events. 2024 also felt especially busy regarding issues, changes and information flow. In this report, Ausbil’s ESG Team shares what we have been doing, what we’ve seen, some of the achievements and outcomes, and some of the challenges we see in ESG in 2025 from our work across Australian-listed companies.
Measuring outcomes and attributing those to past engagement efforts is notoriously difficult in ESG, both for individual investors (individual company engagements),
and investors collectively (collaborative engagements). Naturally, it’s difficult to attribute outcomes to specific engagements as we don’t have insight into other investors’ engagement activities. In a way, ESG is all about everyone engaging and raising the issues together to achieve change. ESG comprises a growing band of like-minded organisations, some large and some small, that together can make the views of our investors known on ESG issues and help affect change. It is the power of multiple voices that achieves change.
This year, Ausbil achieved a range of positive outcomes in our ESG engagement and advocacy.
Outcomes and achievements in 2024
Environmental Work
• We actively encouraged companies to adopt a voluntary say on climate resolutions and, in 2024, we successfully used our voting power in collaboration with other investors on critical voluntary climate resolutions. This led to proactive discussions
with key companies on their climate transition action plans, driving forward more ambitious sustainability strategies.
• We updated our proprietary Net Climate Change Risk (NCCR) model, which is
a holistic climate change risk analysis that also guides our engagement activities. We also maintained strategic engagement with high-emitting companies to help them align with climate change target-setting initiatives.
• We helped Climate Action 100+ work with important companies around
the world, like BlueScope Steel, Rio Tinto, BHP, South32, Origin Energy,
and Santos. We made sure that our influence, together with our collaborating investors, helped them make changes in their climate plans.
• We continued our membership and leadership role at Investor Group on Climate Change (IGCC), including service though Ausbil’s CEO, Mark Knight contributing as a Director of IGCC.
Annual ESG Report l
March 2025
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