Investor Presentaiton
Climate-related metrics.
TCE exposure to customers in the Energy Sector Value Chain ($bn)1.
-
Sustainability
our methodology and approach'
For more information, refer to our 2022 Sustainability Index and Datasheet and 'Net-Zero 2030 Targets and Financed Emissions
disclosures. Apart from Thermal coal in FY22, definitions used for sectors in the Energy Sector Value Chain currently differ from those used for our 2030 sector targets and
financed emissions reporting.
Mining
and extraction
Transport
Electricity
generation6
00
M
Oil and gas
refining
FY22
FY21 FY20
Oil and gas
extraction²
1.87
1.84 2.22
FY22 FY21
FY20
Gas
Coal
FY22 FY21 FY20
0.54 0.58
0.67
Oil and gas
refining
FY22 FY21
0.64 0.58
FY20
2.02
Oil and gas
exploration²
0.00 0.33 0.56
Black coal
0.18
0.19 0.27
Metallurgical
Rail
0.79
0.30
0.28
0.13 0.29 0.21
Brown coal
0.05
0.03
0.03
coal
Metallurgical
Liquid fuel
0.06 0.12 0.12
coal in
Port
0.35
0.32 0.44
0.15 0.02
0.03
diversified
miners³
Hydro
0.98
1.26 1.30
LNG terminal5
0.69 0.52
0.57
Thermal coal4
0.20
0.22
0.30
Other
renewables
2.35 2.23
1.89
Update on
variance
between FY21
and FY22
•
Distribution
and retail
FY22 FY21
FY20
Oil and gas
2.58
2.10
1.32
Electricity and
gas networks6
3.48
3.80
4.53
Electricity and
gas retailers
0.97 1.01
0.77
The energy sector is critical in the transition to a 1.5°C-aligned net-zero emissions economy and we have a role in supporting this
change. Customers and transactions in these sectors are assessed using Westpac's ESG Credit Risk Policy, which includes our
Climate Action Plan commitments
This year, movements in customer exposures have partly been due to commodity prices and exchange rate movements,
particularly where exposures are mostly in US$, such as the Oil and Gas sector
.
In future, we aim to modify our reporting of Energy Sector Value Chain exposure to align with reporting progress against our 2030
sector targets
Note: See footnotes on page 133.
The information on this page contains 'forward-looking statements' and statements of expectation reflecting Westpac's current views on future events. They are subject to change without notice and certain risks, uncertainties and assumptions which are,
in many instances, beyond its control. Please refer to the disclaimer at the back of this presentation.
56
Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack
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