ANZ Company: SWOT Analysis, Ethical Concerns and Social Responsibility

Running Head: ANZ COMPANY 0
Management
ANZ Company

ANZ COMPANY 1
Contents
ANZ Company...........................................................................................................................2
Background of ANZ Company..................................................................................................2
SWOT analysis of ANZ Company............................................................................................2
Ethical concerns and social responsibility of ANZ bank...........................................................4
Conclusion..................................................................................................................................5
References..................................................................................................................................6

ANZ COMPANY 2
Background of ANZ Company
ANZ is the financial and banking services company that has headquarter in
Melbourne, Australia. It is the second biggest bank due to its asset. In terms of the market
capitalisation, it is third biggest bank. It was established in the year 1 October 1951.
Including National Australia Bank, Commonwealth Bank, and Westpac, ANZ also come
under the biggest four Australian banks. The major purpose of ANZ is to shape the world
where communities and people live. By ensuring this, it strives to create the sustainable and
balanced economy where everyone can build the better life. Due to the changing
technologies, climate change, globalisation, and demographic shifts, ANZ is playing
significant role in enabling the economic participation (Noe, Hollenbeck, Gerhart & Wright,
2017).
ANZ strategy is to use the strong New Zealand and Australia foundations, market
leading insights and services for better meeting the needs of the customers. It includes three
elements in its strategy. First element is for creating the best bank in Australia for the small
business customers as well as home owners. The second element is to build the best bank for
the clients across the world. in the third element, it tends to establish the digital ready
infrastructure in order due to the service industry, it is seen that the service offered is
homogenous. Due to this, ANZ is working well and focusing on increasing the efficiency. In
the report, further discussion has been carried on the strengths and weaknesses that ANZ
have. In addition to this, opportunities and threats of ANZ is also discussed. At the end,
discussion has been carried on the social responsibilities and ethical practices of ANZ.
Ethical concerns and social responsibility of ANZ bank
The code of conduct and supporting policies of ANZ set the behaviour standard linked to its
values. Under its policies, every contractor and employee is required to take the training in
order to know the significance of code and values. In the recent time, every Australian
company was charged for fixing its bank bill swap rate (Salim, Arjomandi & Seufert, 2016).
ANZ was also accused of the toxic culture. Due to this, it is seen that it has strong focus on
the ethics, culture, and fairness. ANZ has also committed itself toward the voluntary
standards such as equator principles, carbon disclosure projects, initiative regarding global
reporting, and united nations global compact.