Westpac’s policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 5.8 out of 10 and ranking it as a front runner. Westpac achieved a score of 0 out of 10 specifically for its policies related to the beef sector and 6.6 out of 10 for its policies related to the palm oil sector. Between 2016 and 2022, Westpac provided USD 516 million in credit to companies operating in these forest-risk sectors. For more information, see the links below. 

Westpac is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.

BankTrack is keeping track of the public response of Westpac to Russia's illegal invasion of Ukraine. Westpac did not publicly condemn the war. Westpac is considered by Leave-Russia.org to be "suspending" its operations in Russia. We consider its exposure to Russia as limited. For further details, see the table linked below.