Transcript – Gender pay reporting

Kia ora

At ANZ we’re working hard to build a workplace which champions and embeds equity, is diverse and inclusive.

Why is this important?

It creates better connections with our customers, helps us innovate and make better decisions as a business, and it’s the right thing to do.

It also delivers on our purpose to create a world where people and communities thrive.

So, what does that have to do with the gender pay gap?

A gender pay gap is the difference in average pay of men and women. It’s an important measure of equality across an organisation.

At ANZ New Zealand, women are underrepresented in leadership and higher paying roles.

Even though the bank-wide representation of women at the manager level and higher has increased, we can do better.

How is that different to the pay equity gap?

This is the overall difference in average pay between men and women doing the same or similar role.

The good news is at ANZ the pay equity gap is minimal.

We will continue to monitor and work towards closing the gaps where they exist.

So, what are we doing to address this?

We are holding ourselves to account and have taken the important step of publically reporting our gender pay gap.

We’re also leading initiatives that develop and support our female and genderdiverse talent into leadership and higher paying roles.

These commitments are all stepping stones to achieving a more equitable, diverse, and inclusive organisation.

However, there is still more we can do to achieve true equity. Journey with us as we work on addressing these issues, towards building a better bank.