Westpac Banking Corp 2019 AR2
The report outlines Westpac Group's financial and non-financial performance for the fiscal year ended September 30, 2019. During a challenging year marked by regulatory scrutiny and economic headwinds, the company focused on its 'get it right, put it right' initiative, addressing customer remediation and restructuring its wealth business. Westpac made significant progress in its digital transformation, including the rollout of the Customer Service Hub and Panorama platform, while achieving $405 million in structural productivity savings. On sustainability, the group maintained its carbon-neutral status, reduced greenhouse gas emissions by 5.6% compared to 2018, and committed to sourcing 100% of global electricity from renewable sources by 2025.
Company: Westpac Banking Corp
Sector: Financials
Country: Australia
Year: 2019
Type: AR2
Pages: 312
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Westpac Banking Corp
Annual Report
The report outlines Westpac Group's financial and non-financial performance for the fiscal year ended September 30, 2019. During a challenging year marked by regulatory scrutiny and economic headwinds, the company focused on its 'get it right, put it right' initiative, addressing customer remediation and restructuring its wealth business. Westpac made significant progress in its digital transformation, including the rollout of the Customer Service Hub and Panorama platform, while achieving $405 million in structural productivity savings. On sustainability, the group maintained its carbon-neutral status, reduced greenhouse gas emissions by 5.6% compared to 2018, and committed to sourcing 100% of global electricity from renewable sources by 2025.
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Document Details
Report Year
2019
Reporting Period
Oct 1, 2018 - Sep 30, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 3:
Women on Board
Women in Management
Employees