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WestpacAustralia
Created before Nov 2016
Last update: 2019-06-04 16:52:01
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Westpac office in Sydney, Australia. Photo: Google Earth/StreetviewAbout Westpac
Westpac, established in 1817, is an Australian bank with a strategic focus on Australia, New Zealand and the near Pacific. The Westpac Group provides a broad range of banking and financial services, including retail, business and institutional banking. In December 2008 Westpac merged with St. George. The structure involves five key divisions including: Consumer Bank, Commercial and Business Bank, BT Financial Group, Westpac Institutional Bank and Westpac New Zealand. These five divisions serve more than 13 million customers.
| Website | http://www.westpac.com.au |
| Headquarters |
275 Kent Street
2000 Sydney
Australia
|
| CEO/chair |
Peter King Acting CEO and Acting Managing Director |
| Supervisor | |
| Annual reports |
Annual report 2018 CSR report 2018 |
| Ownership |
listed on Australian Securities Exchange & New Zealand Stock Exchange
Westpac's shareholders structure can be accessed here. |
Related Dodgy Deals
Westpac has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.
Dodgy Deals map
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Voluntary initiatives
Westpac has committed itself to the following voluntary standards:- Banking Environment Initiative
- Carbon Disclosure Project
- Equator Principles
- Global Reporting Initiative
- Principles for Responsible Banking (PRB)
- Principles for Responsible Investment (PRI)
- Soft Commodities Compact
- Task Force on Climate-related Financial Disclosures
- UNEP Finance Initiative
- United Nations Global Compact
- Universal Declaration of Human Rights
Investment policies
Westpac's webpage on corporate social responsibility can be accessed here.
Year:
Campaigns
Westpac and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Westpac adopted the Equator Principles in 2003.
Reporting on the Equator Principles
Westpac must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- Westpac is in compliance with its reporting obligations. The 2018 report can be found here.
Dodgy Deals
Westpac is involved in financing the following Equator Principles projects that BankTrack considers controversial.
There are no projects active for Westpac now.
Human rights
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True leader
Front runner
Follower
Laggard
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BankTrack has assessed Westpac on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Westpac is assessed as a Follower, with a total score of 5/12.
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Equator Principles
Implementation and reporting
Westpac is reporting on the implementation here.
