Fossil Fuel Investment

In reply to the Hon. T.A. FRANKS ().15 October 2024).

The Hon. K.J. MAHER (Minister for Aboriginal Affairs, Attorney-General, Minister for Industrial Relations and Public Sector, Special Minister of State): The Treasurer has advised:

1. ANZ was selected as the whole-of-government banking provider following a competitive tender process and has been appointed for an initial contract term of five years with an option to further extend that contract period for a total term of up to 10 years. Any matters relating to the contract between ANZ and the state government are addressed through existing contract management processes. The state government is developing sustainable procurement requirements and guidance, including guidance for government agencies to support greater emissions reduction and adaptation outcomes.

2. Public authorities implement individual internal procurement frameworks which align the SA government procurement framework with the context of each agency's functions. Procurement SA provides guidance to public authorities about how to manage their internal procurement processes including supply chain and whole-of-life outcomes. This guidance includes information about:

green procurement

economic and social procurement

making informed decisions about the whole-of-life value of procurements

engaging with specialist advisors to target high priority outcomes from procurements

developing procurement specifications that target high priority outcomes.