Investor Presentaiton
Becoming a net-zero, climate resilient bank.
Reducing our direct
operational emissions
Reduced scope 1 and 2 direct
operational emissions by 70%
since 20161
Reduced scope 3 supply chain
(non-financed) emissions by 29%
since 20161
Reached equivalent of 52% of
our electricity consumption from
renewables
Maintained carbon neutral
certification2 in Australia since
2012, in NZ since 2019
•
Helping customers
transition to net-zero
Joined Net-Zero Banking Alliance
(NZBA)
Set interim 2030 financed
emissions lending targets for five
sectors
Engaging customers on their
transition plans, building banker
capability
• Supported WIB and WNZL
customers across 69 sustainable
finance transactions³
Largest bank lender to greenfield
renewable energy projects in
Australia over the past 5 years4
Collaborating
for impact
Participated in the Australian
Industry Energy Transitions
Initiative
Joined the TNFD5 Forum
supporting development of a
nature-related disclosure
framework
Participated in APRA's Climate
Vulnerability Assessment
Reporting based on global
sustainability frameworks.
including TCFD,
GRI and SASB6
1 Against 2016 baselines. 2 Certification is obtained for Westpac's Australian and New Zealand direct operations under the Australian Government's Climate Active Carbon Neutral Standard for Organisations and the New Zealand Toitū net carbonzero
certification respectively. Further information can be found on the Sustainability Performance Reports page on our website. 3 Sustainable finance transactions refers to green, social, sustainability, sustainability-linked and re-linked loans and bonds.
4 Based on IJGlobal and Westpac Research data. 5 Taskforce on Nature-related Financial Disclosures. 6 Taskforce on Climate-related Financial Disclosures, Global Reporting Initiative and Sustainability Accounting Standards Board, since 2017.
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Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack
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