HEADQUARTERS
Melbourne, Australia
publicly traded
Trades on LSE as ‘ANZ Bank New Zealand LTD’
global reach
One of the ‘Big Four’ Australian banks, largest bank in New Zealand.
Also operates in 34 other countries including the US and UK.
cash profit
$6.725 billion
largest shareholders
Blackrock Fund Advisors (2.953%) State Street Global Advisors Trust Co (1.09%)
total assets
$1.229 trillion (~£0.91 trillion)
controversies
ANZ made the news in 2025 for systemic misconduct:
- Acting unconscionably in the bank’s dealings with the Australian government while managing a $14bn bond deal, including incorrectly reporting its bond trading data and overstating the volumes by tens of billions of dollars for nearly two years.
- Failing to respond to hundreds of customer hardship notices, in some cases for more than two years.
- Making false and misleading statements about savings interest rates and failing to pay the promised rates to tens of thousands of customers.
- Failing to refund fees charged to thousands of dead customers and not responding to families dealing with deceased estates within required timelines.
The misconduct affected ~65,000 customers and put billions in public funds at risk. As a consequence, ANZ received the largest fine ever issued by Australia’s financial regulator ASIC ($240m). [Sources: ASIC, Guardian].
The bank has also been accused of backing a Cambodian sugar plantation that used child labour [src].
financing overview
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climate crisis
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genocide in Gaza
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Palestine occupation
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controversial weapons
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Migrant abuse
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£6,682,816,000
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£686,000,000
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N/A
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£1,494,400,000
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N/A
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Company highlights and involvement
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company involved
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funding
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climate crisis
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gaza genocide
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palestine occupation
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cont. weapons
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migrant abuse
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GLENCORE
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£414.9m
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MARUBENI
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£2.84m
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TOTALENERGIES
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£41.8m
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BOEING
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£346m
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LOCKHEED MARTIN
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£172m
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GENERAL DYNAMICS
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£169m
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Fossil fuel companies bankrolling the climate crisis
Funded: £414.9m
Glencore, one of the world’s largest mining companies and a leading trader of fossil-fuel commodities, embodies the brutal realities of neocolonial exploitation. Glencore accounts for a significant portion of global coal production, operating mines in countries like Colombia, South Africa, and Australia, while systematically ravaging environments and trampling human rights.
Its operations in the Democratic Republic of Congo (DRC) are a stark example, where investigations revealed years of waste acid discharge from its Luilu copper refinery, causing severe pollution and ongoing spills. Glencore’s denial of responsibility for child labour at its sites, instead blaming impoverished locals, is a cynical attempt to deflect from its own complicity. Further exposing its predatory practices, the Paradise Papers leak unveiled Glencore’s ties to controversial figures who facilitated the acquisition of undervalued mining rights, robbing the DRC of a tenth of its annual budget.
Glencore’s corruption extends across Nigeria, Côte d’Ivoire, and Cameroon, with its former head of oil trading and four executives facing UK bribery charges, including allegations of flying cash bribes on private jets. In South America, its copper mining has poisoned indigenous lands and rivers in Peru, devastating the health and livelihoods of the Quechua and K’ana peoples while denying compensation. The company’s dark history also includes funding state security forces and paramilitary groups in Colombia and the Philippines to intimidate and murder communities resisting its exploitation.
Funded: £414.9m
Glencore, one of the world’s largest mining companies and a leading trader of fossil-fuel commodities, embodies the brutal realities of neocolonial exploitation. Glencore accounts for a significant portion of global coal production, operating mines in countries like Colombia, South Africa, and Australia, while systematically ravaging environments and trampling human rights.
Its operations in the Democratic Republic of Congo (DRC) are a stark example, where investigations revealed years of waste acid discharge from its Luilu copper refinery, causing severe pollution and ongoing spills. Glencore’s denial of responsibility for child labour at its sites, instead blaming impoverished locals, is a cynical attempt to deflect from its own complicity. Further exposing its predatory practices, the Paradise Papers leak unveiled Glencore’s ties to controversial figures who facilitated the acquisition of undervalued mining rights, robbing the DRC of a tenth of its annual budget.
Glencore’s corruption extends across Nigeria, Côte d’Ivoire, and Cameroon, with its former head of oil trading and four executives facing UK bribery charges, including allegations of flying cash bribes on private jets. In South America, its copper mining has poisoned indigenous lands and rivers in Peru, devastating the health and livelihoods of the Quechua and K’ana peoples while denying compensation. The company’s dark history also includes funding state security forces and paramilitary groups in Colombia and the Philippines to intimidate and murder communities resisting its exploitation.
Funded: £41.8m
TotalEnergies is a French energy giant complicit in human rights abuses, relentless fossil fuel expansion, and decades of deceit. Like its peers, TotalEnergies knew about climate change as early as 1970 but chose to fund misinformation campaigns, deliberately delaying vital climate action. Now it hides behind greenwashing—falsely claiming a path to net zero while boosting fossil fuel production.
TotalEnergies’ East African Crude Oil Pipeline (EACOP) project in Uganda and Tanzania has sparked outrage over human rights violations and environmental destruction. This 1,440km behemoth threatens to displace over 120,000 people, leaving communities devastated and livelihoods shattered. The Ugandan government, seemingly in lockstep with TotalEnergies, has ruthlessly silenced opposition, jailing peaceful protesters and crushing dissent. Families face intimidation and pressure to accept paltry compensation, their futures hanging in the balance.
Most chillingly, Total fuels Israel’s genocide in Gaza. Research reveals it supplies oil to Israel via Brazilian shipments and the BTC pipeline, profiting from bloodshed. The list of Total’s abuses culminates with its complicity in the Israeli genocide of Palestinians. Investigations by Oil Change International expose its direct complicity in Israel’s slaughter of Palestinians, supplying oil through Brazilian onshore fields it co-owns and the BTC pipeline, where it holds a stake. While Gaza burns, Total fuels the fire.
Weapons Companies bankrolling the Gaza Genocide and Cont. Weapons
Funded: £346m
Boeing is not only a global aerospace giant but also a pivotal enabler of the Israeli genocide of Palestinians. The company has supplied Israel with vast quantities of advanced weaponry, notably its Joint Direct Attack Munition kits, which convert unguided bombs into precision-guided munitions. These Boeing-manufactured weapons have been linked to numerous deadly attacks on densely populated civilian areas, in what Amnesty International and other human rights organisations have condemned as potential war crimes. Boeing’s Apache attack helicopters and F-15 fighter jets have also played a central role in Israeli military campaigns, further amplifying the scale and lethality of operations in Gaza.
Beyond its role in conventional warfare, Boeing is a key contractor in the U.S. nuclear weapons program, maintaining and supporting the guidance systems for Minuteman III intercontinental ballistic missiles, which are central to the U.S. nuclear arsenal. This dual role—supplying both conventional and nuclear arsenals—places Boeing at the heart of global military-industrial power, with its products implicated in both genocide and the ongoing threat of nuclear escalation.
Case study: Joint Direct Attack Munitions used on Palestinians
- Deir al-Balah, Gaza
- Owner: Boeing
On 10 and 22 October 2023, two Israeli air strikes—using Boeing-manufactured Joint Direct Attack Munitions —killed 43 civilians, including 19 children, in Deir al-Balah, Gaza. Amnesty International’s forensic analysis confirmed Boeing’s JDAM fragments and manufacturing codes in the rubble of destroyed homes, where survivors reported no prior warning. The attacks, lacking any apparent military objective, obliterated families and left survivors in shock.
US-made weapons facilitated the mass killings of extended families
Agnès Callamard, Amnesty International’s Secretary General
Funded: £172m
Lockheed Martin, the world’s largest arms manufacturer, stands as a linchpin of global military-industrial power, supplying Israel with some of its most advanced and lethal weapons. The company’s AGM-114 Hellfire missiles have been deployed in Gaza, including a November 2023 strike near Shifa Hospital that killed journalists and other civilians.
Beyond its role in conventional warfare, Lockheed Martin is central to the global nuclear arms race. The company is responsible for the design, production, and modernisation of nuclear delivery systems, notably the Minuteman III intercontinental ballistic missile, as well as subcontracting for the Sentinel modernisation programme and maintaining Trident II missiles for both the US and UK. Through these contracts, Lockheed Martin ensures the continued operation and lethality of nuclear arsenals that threaten global security.
Funded: £169m
General Dynamics, a cornerstone of the global arms industry, stands as a primary architect of destruction, arming conflicts worldwide, including the genocidal campaign in Gaza. The company is a key supplier of devastating weaponry to Israel, notably the MK-84 bombs—weapons of immense destructive power notoriously unleashed in densely populated areas. By November 2023, over 500 such bombs, courtesy of General Dynamics, had reportedly been dropped in Northern Gaza.
Beyond its direct role in current atrocities, General Dynamics distinguishes itself through involvement in three categories of controversial weapons. It holds licences for depleted uranium, primarily for its M1 Abrams tank systems, and produces components that can facilitate the deployment of abhorrent white phosphorus munitions. Furthermore, the company is a critical subcontractor on the Sentinel programme, contributing to the chilling modernisation of nuclear weapons.
Case study: Jabalya Refugee Camp Bombing
- Jabalya Camp, Gaza
- Bomb producer: General Dynamics
On 31 October 2023, Israeli forces dropped US-made MK-84 bombs—manufactured by General Dynamics—on the densely populated Jabalya refugee camp in northern Gaza. The strike obliterated residential buildings and left a scene of devastation, with more than 120 people killed, the majority women and children, and hundreds more wounded or missing beneath the rubble. The attack, which Israel claimed targeted a Hamas commander, was widely condemned and is cited as a potential war crime, highlighting the lethal consequences of exporting powerful munitions to conflict zones.
I was waiting in line to buy bread when suddenly and without any prior warning seven to eight missiles fell. There were seven to eight huge holes in the ground, full of killed people, body parts all over the place, it felt like the end of the world.
Mohammad Ibrahim - an eyewitness