Investor Presentaiton

Committed to action on climate change. Sustainability Committed to managing our business in alignment with the Paris Agreement and a transition to a net zero economy by 2050. Progress and targets Participating in Focus areas Target Year Progress United Nations Environment Programme Finance Initiatives (UNEP FI) Principles for Responsible Banking New lending to climate change solutions $3.5bn 2023 $0.5bn in 1H21 • $15bn 2030 Australian Sustainable Finance Initiative • Thermal coal mining $0 exposure 2030 Total lending to coal mining of $0.5bn. 56% is to thermal coal mining1 Australian Business Roundtable for Disaster Resilience and Safer Communities Corporate Sustainability Working Group of the Australian Banking Association RE100 Electricity generation - portfolio 0.23tCO2-e/MWh 2025 0.25tCO2-e/MWh emissions intensity1,2 0.18tCO2-e/MWh 2030 Updated annually in November . Investor Group on Climate Change Oil and gas (extraction, production Establish sector 2023 criteria Updated scenario analysis. Developed internal assessment criteria1 85% reduction 90% reduction 2025 2030 Down 27% from 2016 baseline. Updated annually in November 35% reduction 2030 Updated annually in November and refining) Scope 1 & 2 emissions2,3 Scope 3 supply chain emissions - A proven track record in responding to climate change 1991 Founding member of the United Nations Environment Program (UNEP). 2003 One of nine founding signatories to Equator Principles. 2012 Commitment to carbon neutrality across our business. 2014 Signed Montreal Carbon Pledge and endorsed Global Investor Statement on Climate Change. 2016 2-degrees Climate Scenario Analysis. 2017 Signatory to Climate Action 100+. 2018 4-degrees Climate Scenario Analysis. 2018 TCFD disclosures published. 2019 1.5-degrees Climate Scenario Analysis. Climate Action 100+ Climate Leaders Coalition, New Zealand Sustainable Finance Forum of Aotearoa Circle, New Zealand 1996 First bank to join Australian Greenhouse Challenge. 2005 Relationship with Investor Group on Climate Change established. 2008 First Climate Change Position Statement. 2013 Second Climate Change Position Statement. 2015 Commitment to UN Sustainable Development Goals and Paris Climate Agreement. Commenced portfolio carbon reporting for BT MySuper portfolios. 2017 Third Climate Change Position Statement & Action Plan. 1 WIB only. 2 At 30 September 2020. 3 FY16 Scope 1 & 2 emissions baseline: 147,620 tCO2-e. 46 Westpac Group 2021 Interim Results Presentation & Investor Discussion Pack 2020 Fourth Climate Change Position Statement & Action Plan. Westpac GROUP

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