Westpac Banking Corp 2019 IR
The report outlines Westpac's financial, non-financial, and sustainability performance for the 2019 fiscal year. Facing a challenging regulatory and economic environment, the company focused on addressing governance, culture, and risk management issues, particularly in response to the Royal Commission. Key highlights include achieving 50% women in leadership roles, committing $9.3 billion to climate change solutions, and pledging to source 100% of global electricity from renewable sources by 2025. Despite a decline in cash earnings due to customer remediation and compliance costs, Westpac maintained a strong balance sheet and continued supporting communities through disaster relief and social enterprise partnerships.
Company: Westpac Banking Corp
Sector: Financials
Country: Australia
Year: 2019
Type: IR
Pages: 48
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Westpac Banking Corp
Annual Review And Sustainability Report
The report outlines Westpac's financial, non-financial, and sustainability performance for the 2019 fiscal year. Facing a challenging regulatory and economic environment, the company focused on addressing governance, culture, and risk management issues, particularly in response to the Royal Commission. Key highlights include achieving 50% women in leadership roles, committing $9.3 billion to climate change solutions, and pledging to source 100% of global electricity from renewable sources by 2025. Despite a decline in cash earnings due to customer remediation and compliance costs, Westpac maintained a strong balance sheet and continued supporting communities through disaster relief and social enterprise partnerships.
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Document Details
Report Year
2019
Reporting Period
Oct 1, 2018 - Sep 30, 2019
Fiscal Year
2019
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 3:
Women on Board
Women in Management
Employees