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2022-06-02 00:00:00
GFANZ must tighten the screw on fossil fuel expansion
2022-05-19 00:00:00
BNP Paribas and Société Générale: stop financing climate destruction and human rights abuses
2022-05-04 00:00:00
Barclays is big on beef and burning
2022-05-04 00:00:00
Standard Chartered’s 2022 AGM dominated by shareholder alarm over fossil financing
2022-05-20 15:14:47
Seven financiers abandon TotalEnergies' EACOP pipeline in a week
2021-12-16 13:33:02
Cambo oil field "paused" following pressure on Shell & banks
2021-12-16 13:04:42
Equator Principles improve transparency after BankTrack shows the way
2021-11-02 11:03:26
ANZ launches human rights grievance mechanism in a first for the global banking sector
Connect
2022-04-05 00:00:00
The BankTrack Human Rights Benchmark Asia
2022-03-30 00:00:00
Banking on Climate Chaos 2022
2022-03-08 00:00:00
BankTrack Annual Report 2021
2022-03-03 00:00:00
Locked out of a Just Transition: fossil fuel financing in Africa
2021-12-14 00:00:00
Actions speak louder: Assessing bank responses to human rights violations
2021-10-26 00:00:00
Equator Compliant Climate Destruction: How banks finance fossil fuels under the Equator Principles
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Last update: 2022-03-03 15:35:48

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Westpac headquarters in Sydney. Photo: Google Earth/Streetview

About Westpac

Westpac, established in 1817, is an Australian bank with a strategic focus on Australia, New Zealand and the near Pacific. In December 2008 Westpac merged with St. George. The Westpac Group provides a broad range of banking and financial services, including retail, business and institutional banking. The group operates 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
CEO
Supervisor
Reserve Bank of Australia
Annual reports Annual report 2021
CSR Report 2021
Annual report 2020
Ownership
listed on Australian Securities Exchange & New Zealand Stock Exchange

Westpac's shareholders structure can be accessed here.

Complaints and grievances

Westpac includes details of complaints and grievance channels in its Human Rights Position Statement and 2020 Action Plan. Individuals and communities that may be adversely affected by the bank's finance can contact the bank via sustainability@westpac.com.au or by post.

Stakeholders may also raise complaints via the OECD National Contact Points (see OECD Watch guidance).

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

All
|
Projects
|
Companies
Targets
|
Active profiles
|
On record profiles

Policy Assessments

Tracking the Equator Principles

EPFIs reporting status

BankLast update
Country
Reporting period
PF deals under EP
Project names reported
% Project names reported
Details
Westpac
2021-08-31
AUS
2020
3
3
100
1.01000000004E+38
0
Australia
Profile
Reporting period
2020
PF deals under EP
3
Project names reported
3
% Project names reported
100
20210831
Last update: 2021-08-31
Explanation

EP reporting page: https://equator-principles.com/reporting-westpac-banking-corporation-2019-2020/

Explanation

Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period. 

For more details see this page.

Banks and Climate

Bank net zero commitments

BankLast update
Country
Target 2025
Target 2030
Net zero 2050
SBT
NZBA
CCCA
Details
Westpac
2021-03-24
AUS
10999900
Australia
Profile
Target 2025
13.5
Target 2030
Net zero 2050
SBT
NZBA
CCCA
20210324
Last update: 2021-03-24
Explanation

Goal 2025/2030: Some sector-based intermediate commitment(s); committed to set SBT

Goal 2050: None

Relevant policies
csr policies
2020-05-04 00:00:00

Climate Change Position Statement and 2023 Action Plan

2020-05-04 00:00:00
Explanation

This table tracks the net zero pledges and commitments of banks. It shows whether banks have committed to net zero by 2050 and have set an interim emissions reduction goal for 2025 and/or 2030. It also notes banks that have not yet set targets but have pledged to do so in the future, including by joining the Collective Commitment to Climate Action or Net Zero Banking Alliance. Finally, it notes whether banks have (pledged to) set Science-Based Targets. More information and references can be found by expanding the 'details' section of each bank.

  • A blue check mark means the bank has set a target or joined the alliance. A check mark does not mean that the target set by the bank meets any particular standard, just that is has set a target. In case we have identified short comings in the target, for example when it only applies to lending and not underwriting), this is noted in the 'details' section.
  • An orange dash means a bank has pledged to set a target (for example, banks commit to set 2030 and 2050 targets when they join the NZBA), but have not yet actually done so.

Abbreviations:

CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets

For more details see this page.

Banks and Human Rights

Human Rights Benchmark November 2019

BankLast update
Country
Score
Ranking
Details
Westpac
AUS
6.5
Front runner

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0
Australia
Score
Front runner
6.5
Explanation

Westpac's human rights policies, processes and reporting were assessed as part of the BankTrack Human Rights Benchmark in November 2019. The bank is assessed as a Front runner, with a total score of 6.5 out of 14.

Policy: 2.5/3
Due dilligence: 1.5/5
Reporting: 1.5/3
Remedy: 1/3

Explanation
Laggard
Follower
Front runner
Leader
0 - 3.5 points
4 - 5.5 points
6 - 8.5 points
9 - 14 points
For more details see this page.

Response Tracking

This page evaluates Westpac's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
Rio Tinto's Jadar mine, Serbia (Letter, Dec 2021)
0
0
0
n/a
Dodgy Deal profile
Responded?
Total score
0
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank's response neither acknowledges its link to the impact, nor addresses the issues raised. The bank agreed to a meeting on the subject, but no additional information was shared.
Action
0
Out of 1
Rationale for score
The bank does not describe any engagement with its client or approptriate action
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
Letter to financiers of Rio Tinto, December 2021


Average
100%
0
0
0
0

News

| |
Type:
Year:
blog
external news
our news

New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Annual Banking on Climate Chaos report follows the money and details massive bank support for the world’s worst climate-destroying corporations
2022-03-30 | San Francisco, Bemidji, Nijmegen, Oakland, Paris, Sassenberg, Washington DC | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club, Urgewald
blog
external news
our news

Repeat offenders NAB, ANZ and Westpac bankrolling “bet against the Paris Agreement”

NAB, ANZ and Westpac are among 18 global banks that have loaned to a gas processing facility that paves the way for a carbon bomb at the scale of 15 coal power stations.
2022-01-20 | Market Forces
blog
external news
our news

Westpac slammed over destructive fossil fuel funding at 2021 AGM

Westpac faced a formal proposal from shareholders that it commit to stop funding new fossil fuel projects at today’s annual general meeting (AGM). The bank’s board also received a barrage of tough questions over its continued funding for companies expanding the fossil fuel industry, including Santos and Whitehaven Coal.
2021-12-15 | Market Forces
blog
external news
our news

Shareholders push for Australia's banks to stop fossil fuel funding

2021-10-07 | Reuters
blog
external news
our news

Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

210+ groups support urgent call to action
2021-09-23 | BankTrack
blog
external news
our news

Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming

Civil society organizations urge banks to adopt stringent “No Go” policy for biodiversity rich areas
2021-05-26 | Nijmegen | BankTrack
blog
external news
our news

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Even amidst the global economic downturn, fossil fuel financing numbers were higher in 2020 than 2016
2021-03-24 | Nijmegen | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance, Sierra Club
blog
external news
our news

Banking beyond deforestation

How the banking industry can help halt and reverse deforestation
2021-01-18 | Cambridge Institute for Sustainability Leadership
blog
external news
our news

Six years of the Soft Commodities Compact failed to slow bank finance for deforestation

New BankTrack research shows need for banks to move beyond certification requirements
2020-12-01 | Nijmegen | BankTrack
blog
external news
our news

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
blog
external news
our news

Westpac quits thermal coal by 2030

2020-05-04 | Market Forces
blog
external news
our news

Westpac urged to stop supporting projects that boost fossil fuel industry

2020-04-15 | Guardian
blog
external news
our news

Westpac accused of multiple legal breaches, allegedly allowing customers to pay for child sexual abuse

2019-11-27 | Business & Human Rights Resource Centre
blog
external news
our news

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Lloyds, Bank of America, Goldman Sachs and Société Générale among the poorest performers in BankTrack ranking, alongside Canadian and Chinese banks
2019-11-26 | BankTrack
blog
external news
our news

Too little, too late

National Australia Bank’s new climate policy an exercise in greenwash
2019-11-15 | Market Forces
blog
external news
our news

ANZ and Westpac boosted new lending to fossil fuel projects last year, figures show

2019-11-06 | The Guardian
blog
external news
our news

NAB, ANZ and Westpac hit with climate risk shareholder resolutions

2019-10-10 | Melbourne, Australia | Market Forces
blog
external news
our news

Big Australian banks face shareholder vote on coal lending

2019-10-10 | The Australian Financial Review
blog
external news
our news

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

2019-06-25 | Nijmegen | BankTrack
blog
external news
our news

Australian Prudential Regulation Authority demands banks, insurers act on climate risk

2019-03-20 | Financial Review
blog
external news
our news

Every two weeks a bank, insurer or lender announces new coal restrictions

Major financial institutions restricting coal funding tops 100
2019-02-27 | IEEFA
blog
external news
our news

Our Future: Clean energy a test for banks’ rehabilitation

2019-02-04 | The Advocate
blog
external news
our news

Banks massively financing fossil fuels unclear about future of ... fossil fuels

Few banks acknowledge relation between fossil fuels and climate breakdown
2018-12-20 | Nijmegen
blog
external news
our news

Westpac makes no apology for continuing to back dirty coal

2018-12-12 | Market Forces
blog
external news
our news

Principles must bring commitments

Banks endorsing draft Principles for Responsible Banking called upon to urgently act on what they sign
2018-11-26 | Paris | BankTrack
blog
external news
our news

Australian inquiry slams greedy banks and regulator for rampant misconduct

2018-09-28 | Reuters
blog
external news
our news

Liberian communities harassed after calling on banks to halt $1.5 billion loan to Wilmar over landgrabbing concerns

2018-07-26 | Inclusive Development International
blog
external news
our news

Big four banks quit coal only to invest in other fossil fuels, research finds

2018-05-31 | The Guardian
blog
external news
our news

Big four banks quit coal only to invest in other fossil fuels, research finds

2018-05-31 | The Guardian
blog
external news
our news

New research: Australian banks 2ºC scorecard 2018

2018-05-31 | Melbourne | Market Forces
blog
external news
our news

Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

Despite 2017 being the costliest year on record for weather disasters, new report reveals that banks increased extreme fossil fuel financing last year, led by a more than doubling in lending to tar sands companies and pipelines.
2018-03-28 | Nijmegen, the Netherlands | BankTrack, Honor the Earth, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Sierra Club
blog
external news
our news

Abbot Point coal terminal: Westpac may not refinance Adani loan

2017-10-12 | The Guardian
blog
external news
our news

'Big four' Australian banks slammed for fossil fuel backing

2017-07-25 | Environmental Finance
blog
external news
our news

Westpac’s new climate policy rules out most new coal mines – including Carmichael!

2017-04-28 | Market Forces
blog
external news
our news

Banks' climate change talk not yet matched by action

2016-11-22 | The Sydney Morning Herald
blog
external news
our news

Financing of coal industry expansion by top banks undermining Paris Agreement

2016-11-14 | Marrakech, Morocco | BankTrack, Friends of the Earth France, Market Forces, Rainforest Action Network, urgewald
blog
external news
our news

New polling shows half of customers prepared to change banks over fossil fuels – as prominent Australians demand climate action

2016-09-15 | Melbourne | Market Forces
blog
external news
our news

New poll: Australians draw the line at badly behaving banks

Oxfam Australia release "Still Banking on Land Grabs"
2016-02-15 | Melbourne | Oxfam Australia
blog
external news
our news

No excuse: How Australia’s big four banks can better respond to land grabs

2015-08-07 | Oxfam Australia
blog
external news
our news

Australian banks: New Report highlights gulf between renewable and fossil fuel financing

ANZ confirmed as Australia’s biggest fossil fuel lender
2015-06-18 | Melbourne | Market Forces
blog
external news
our news

Australian banks 'favour fossil fuel projects over renewables by $6 to $1'

2015-06-17 | The Guardian
blog
external news
our news

Hundreds publicly close bank accounts over fossil fuel investments

2014-10-20 | Melboune | Market Forces
blog
external news
our news

Australian banks face more pressure over support for coal projects

2014-07-09 | The Sydney Morning Herald
blog
external news
our news

Adani arm to raise  $1.5 bn in overseas debt in 2014

2014-05-08 | India | Live Mint
blog
external news
our news

Big Four Australian banks lose customers over fossil fuel gamble

2014-05-03 | Melbourne | Market Forces
blog
external news
our news

Customers switch banks in day of divestment

2014-05-03 | The Age
blog
external news
our news

Bank accounts closed in fossil fuels protest

2014-05-02 | The Sydney Morning Herald
blog
external news
our news

Australian banks backing companies accused of land grabs

2014-04-28 | Sydney | Oxfam Australia
blog
external news
our news

Westpac customers divest!

2014-03-08 | Melbourne and Sydney | Market Forces
blog
external news
our news

Australian and French banks target of protests on both sides of the world for investing in Australian coal projects

2014-02-26 | Melbourne and Paris | Market Forces and Les Amis de la Terre
blog
external news
our news

Earth to Westpac: DIVEST!

2013-12-13 | Melbourne | Market Forces
blog
external news
our news

Reality check for Aussie debt

2013-11-02 | IFR Asia
blog
external news
our news

Stranded assets, anyone? Testing times for the fossil fuel market

2013-10-17 | Renew Economy
blog
external news
our news

Adani Abbot Point Terminal Plans $1.2 Billion Debt Issue

2013-10-15 | The Wall Street Journal
blog
external news
our news

Sixty prominent Australians call on ‘big four’ banks to end fossil fuel investment

2013-06-28 | Melbourne | Market Forces
blog
external news
our news

ANZ biggest gambler on dirty coal and gas exports

2013-05-31 | Melbourne | Market Forces
blog
external news
our news

Report triggers campaign to prevent Australian fossil fuel investment

2013-05-02 | Brisbane | Market Forces
blog
external news
our news

BankTrack not satisfied with new draft of Equator Principles

2012-10-17 | New York | Social Funds
blog
external news
our news

Equator Principles goes beyond project finance, improves transparency

2012-08-13 | Environmental Finance
blog
external news
our news

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning

2011-10-25 | Washington | prizmablog.com
blog
external news
our news

Time to Improve the Equator Principles, BankTrack Says

2011-10-24 | Washington | Social Funds
blog
external news
our news

BankTrack to Equator Principles banks; ‘get the Outside Job done’

Equator Principles update must lead to new Principles focused on people and planet
2011-10-23 | Washington | BankTrack
blog
external news
our news

Financiers search for sustainable future

2011-10-20 | Washington | Environmental Finance
blog
external news
our news

Big banks 'no' to coal plant

2011-05-21 | The Age
blog
external news
our news

Banks being urged to lend 'green'

2010-10-02 | Sydney, Australia | The Syndey morning herald
blog
external news
our news

Banks under scrutiny over coal funding

2010-10-02 | Sydney, Australia | The Sydney morning herald
blog
external news
our news

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

BankTrack calls upon banks to Close the Gap on investment policies

New report evaluates quality of investment policies of 49 banks; more policies in place, overall quality below what is required
2010-04-27 | Nijmegen, the Netherlands | BankTrack
blog
external news
our news

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
blog
external news
our news

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack

Documents

Type:
Year:
our publications
2022-03-30 00:00:00

Banking on Climate Chaos 2022

Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021
2022-03-30 00:00:00 | Rainforest Action Network, BankTrack, Indigenous Environmental Network, Oil Change International, Reclaim Finance, Sierra Club, urgewald
annual reports
2021-12-16 00:00:00

Annual report 2021

2021-12-16 00:00:00 | Westpac
annual reports
2021-12-16 00:00:00

CSR Report 2021

2021-12-16 00:00:00 | Westpac
correspondence
2021-12-12 00:00:00

Letter from BankTrack to Westpac on lithium mining in Serbia’s Jadar Valley

2021-12-12 00:00:00 | BankTrack
csr policies
2021-03-31 00:00:00

Defence sector position statement

2021-03-31 00:00:00 | Westpac
our publications
2021-03-24 00:00:00

Banking on Climate Chaos 2021

Fossil Fuel Finance Report
2021-03-24 00:00:00 | BankTrack, Indigenous Environmental Network, Oil Change International, Rainforest Action Network, Reclaim Finance & Sierra Club
annual reports
2021-03-08 00:00:00

Annual report 2020

2021-03-08 00:00:00 | Westpac
annual reports
2021-02-01 00:00:00

CSR Report 2020

2021-02-01 00:00:00 | Westpac
other documents
2021-01-18 00:00:00

Banking beyond deforestation

How the banking industry can help halt and reverse deforestation
2021-01-18 00:00:00 | Cambridge Institute for Sustainability Leadership
csr policies
2020-12-01 00:00:00

Westpac Human Rights Position Statement and 2023 Action Plan

2020-12-01 00:00:00 | Westpac
our publications
2020-11-30 00:00:00

Soft Commitments, Hard Lessons: an analysis of the Soft Commodities Compact

2020-11-30 00:00:00 | BankTrack
other documents
2020-11-16 00:00:00

The Banking Environment Initiative (BEI) & the Consumer Goods Forum (CGF)’s ‘Soft Commodities’ Compact

2020-11-16 00:00:00 | Banking Environment Initiative
other documents
2020-11-16 00:00:00

The BEI & CGF’s ‘Soft Commodities’ Compact: Technical Guidance

2020-11-16 00:00:00 | Banking Environment Initiative
csr policies
2020-09-30 00:00:00

Agribusiness Position Statement 2020

2020-09-30 00:00:00 | Westpac
csr policies
2020-09-30 00:00:00

Tobacco position statement

2020-09-30 00:00:00 | Westpac
annual reports
2020-05-19 00:00:00

Annual report 2019

2020-05-19 00:00:00 | Westpac
annual reports
2020-05-19 00:00:00

CSR report 2019

2020-05-19 00:00:00 | Westpac
csr policies
2020-05-04 00:00:00

Climate Change Position Statement and 2023 Action Plan

2020-05-04 00:00:00 | Westpac
csr policies
2020-03-26 00:00:00

2019 Slavery and Human Trafficking Statement

2020-03-26 00:00:00 | Westpac
correspondence
2019-12-10 00:00:00

Letter from BankTrack to Westpac on the bank's progress on its fossil fuel finance since COP24

2019-12-10 00:00:00 | BankTrack
correspondence
2019-09-11 00:00:00

Letter from Westpac to BankTrack on PRB implementation

2019-09-11 00:00:00 | Westpac
csr policies
2019-06-30 00:00:00

Financing agribusiness statement

2019-06-30 00:00:00 | Westpac
annual reports
2019-06-04 00:00:00

Annual report 2018

2019-06-04 00:00:00 | Westpac
annual reports
2019-06-04 00:00:00

CSR report 2018

2019-06-04 00:00:00 | Westpac
other documents
2019-02-01 00:00:00

Final Report Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry-1

2019-02-01 00:00:00 | Royal Commission
other documents
2019-02-01 00:00:00

Final Report Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry-2

2019-02-01 00:00:00 | Royal Commission
other documents
2019-02-01 00:00:00

Final Report Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry-3

2019-02-01 00:00:00 | Royal Commission
ngo documents
2018-11-26 00:00:00

Bankrolling the climate crisis

Aotearoa’s financial ties to the fossil fuel industry
2018-11-26 00:00:00 | 350.org New Zealand
correspondence
2018-10-16 00:00:00

Letter from BankTrack and 120 organisations to Westpac on Demands FBNT campaign

2018-10-16 00:00:00 | BankTrack and 120 organisations
ngo documents
2018-05-31 00:00:00

2° Scorecard - Are Australia's big four banks living up to their climate commitments?

2018-05-31 00:00:00 | Market Forces
csr policies
2018-05-31 00:00:00

Approach to sustainable finance

2018-05-31 00:00:00 | Westpac
annual reports
2018-03-28 00:00:00

Annual Report 2017

2018-03-28 00:00:00 | Westpac
bank documents
2018-02-28 00:00:00

Climate Change 2017 Information Request

2018-02-28 00:00:00 | Westpac
annual reports
2017-11-30 00:00:00

Sustainability Performance Report 2017

2017-11-30 00:00:00 | Westpac
csr policies
2017-10-31 00:00:00

Responsible investment position statement

2017-10-31 00:00:00 | Westpac
csr policies
2017-04-27 00:00:00

Climate Change Position Statement

2017-04-27 00:00:00 | Westpac
annual reports
2017-03-31 00:00:00

Annual report 2016

2017-03-31 00:00:00 | Westpac
annual reports
2017-03-31 00:00:00

CSR report 2016

2017-03-31 00:00:00 | Westpac
csr policies
2017-03-01 00:00:00

Responsible Sourcing Code of Conduct

2017-03-01 00:00:00 | Westpac
bank documents
2017-02-28 00:00:00

Principles for responsible investments

2017-02-28 00:00:00 | Westpac
bank documents
2017-02-28 00:00:00

Report on the Equator Principles 2016

2017-02-28 00:00:00 | Westpac
ngo documents
2016-11-07 00:00:00

Protecting the Leuser Ecosystem

A Shared Responsibility
2016-11-07 00:00:00 | Rainforest Action Network
our publications
2016-06-30 00:00:00

Banking with Principles? Second Edition June 2016

Benchmarking Banks against the UN Guiding Principles on Business and Human Rights
2016-06-30 00:00:00 | BankTrack
csr policies
2016-05-31 00:00:00

Supplier inclusion and diversity policy

2016-05-31 00:00:00 | Westpac
annual reports
2016-03-01 00:00:00

Annual report 2015

including sustainability report
2016-03-01 00:00:00 | Westpac
annual reports
2015-03-31 00:00:00

Annual Report 2014

including sustainability report
2015-03-31 00:00:00 | Westpac
csr policies
2015-03-31 00:00:00

Anti-money laundering policy

2015-03-31 00:00:00 | Westpac
ngo documents
2015-02-16 00:00:00

Tycoon-controlled oil palm groups in Indonesia - Executive Summary

2015-02-16 00:00:00 | TuK, Profundo
ngo documents
2014-04-30 00:00:00

Banking on Shaky Ground

Australia's big four banks and land grabs
2014-04-30 00:00:00 | Oxfam
annual reports
2014-01-01 00:00:00

Sustainability Report 2013

2014-01-01 00:00:00
annual reports
2014-01-01 00:00:00

Annual Report 2013

2014-01-01 00:00:00 | Westpac
ngo documents
2013-10-20 00:00:00

INVESTOR BRIEFING:

Adani Abbot Point Terminal Debt Issue
2013-10-20 00:00:00 | Greenpeace
csr policies
2013-09-01 00:00:00

Financing sustainable energy - Position statement

2013-09-01 00:00:00 | Westpac
ngo documents
2013-05-02 00:00:00

Financing Reef Destruction

How banks are using our money to destroy a natural icon
2013-05-02 00:00:00 | Market Forces
csr policies
2013-04-04 00:00:00

Paper purchasing policy

2013-04-04 00:00:00 | Westpac
annual reports
2012-11-12 00:00:00

Annual Review and Sustainability Report 2012

2012-11-12 00:00:00 | Westpac Group
annual reports
2012-11-09 00:00:00

Annual Report 2012

2012-11-09 00:00:00 | Westpac Group
csr policies
2011-04-05 00:00:00

Whistleblower protection policy

2011-04-05 00:00:00 | Westpac
csr policies
2011-01-01 00:00:00

Reconciliation action plan

2011-01-01 00:00:00 | Westpac
correspondence
2010-12-18 00:00:00

Letter from BankTrack to EPFIs on issues around Equator Principles Review process

2010-12-18 00:00:00 | Banktrack
ngo documents
2010-09-07 00:00:00

Australian banks financing coal and renewable energy

2010-09-07 00:00:00 | Profundo for Greenpeace Australia Pacific
our publications
2010-04-27 00:00:00

Close the Gap

Benchmarking investment policies of international banks
2010-04-27 00:00:00 | BankTrack
csr policies
2010-01-01 00:00:00

Group Statement of Indigenous Australian, Maori & Pacific Island Community Involvement

2010-01-01 00:00:00 | Westpac
other documents
2007-06-15 00:00:00

Review of Westpac ESG considerations

2007-06-15 00:00:00 | KPMG

Links

Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry

https://www.royalcommission.gov.au/royal-commission-misconduct-banking-superannuation-and-financial-services-industry

Market Forces' campaign on Australian banks

http://www.marketforces.org.au/banks/map/

Policies

Voluntary standards

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)
  • Science Based Targets
  • 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:
csr policies
2021-03-31 00:00:00

Defence sector position statement

2021-03-31 00:00:00 | Westpac
csr policies
2020-12-01 00:00:00

Westpac Human Rights Position Statement and 2023 Action Plan

2020-12-01 00:00:00 | Westpac
csr policies
2020-09-30 00:00:00

Agribusiness Position Statement 2020

2020-09-30 00:00:00 | Westpac
csr policies
2020-09-30 00:00:00

Tobacco position statement

2020-09-30 00:00:00 | Westpac
csr policies
2020-05-04 00:00:00

Climate Change Position Statement and 2023 Action Plan

2020-05-04 00:00:00 | Westpac
csr policies
2020-03-26 00:00:00

2019 Slavery and Human Trafficking Statement

2020-03-26 00:00:00 | Westpac
csr policies
2019-06-30 00:00:00

Financing agribusiness statement

2019-06-30 00:00:00 | Westpac
csr policies
2018-05-31 00:00:00

Approach to sustainable finance

2018-05-31 00:00:00 | Westpac
csr policies
2017-10-31 00:00:00

Responsible investment position statement

2017-10-31 00:00:00 | Westpac
csr policies
2017-04-27 00:00:00

Climate Change Position Statement

2017-04-27 00:00:00 | Westpac
csr policies
2017-03-01 00:00:00

Responsible Sourcing Code of Conduct

2017-03-01 00:00:00 | Westpac
csr policies
2016-05-31 00:00:00

Supplier inclusion and diversity policy

2016-05-31 00:00:00 | Westpac
csr policies
2015-03-31 00:00:00

Anti-money laundering policy

2015-03-31 00:00:00 | Westpac
csr policies
2013-09-01 00:00:00

Financing sustainable energy - Position statement

2013-09-01 00:00:00 | Westpac
csr policies
2013-04-04 00:00:00

Paper purchasing policy

2013-04-04 00:00:00 | Westpac
csr policies
2011-04-05 00:00:00

Whistleblower protection policy

2011-04-05 00:00:00 | Westpac
csr policies
2011-01-01 00:00:00

Reconciliation action plan

2011-01-01 00:00:00 | Westpac
csr policies
2010-01-01 00:00:00

Group Statement of Indigenous Australian, Maori & Pacific Island Community Involvement

2010-01-01 00:00:00 | Westpac

Equator Principles

Implementation and reporting

Westpac is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

on record

Hazelwood coal power plant Australia

Coal Electric Power Generation
on record

Liquified Natural Gas (LNG) project Papua New Guinea

LNG Terminal

Good moves

Year:

2017

Westpac’s new climate policy rules out most new coal mines – including Carmichael

After years of pressure from customers, shareholders, environmental groups and the broader community, Westpac has become the 19th bank around the world to either distance themselves from Galilee Basin coal export projects, or bring in a policy that prohibits lending to new coal mines like Adani’s. Read…
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