Westpac Banking Corp 2020 SR
The report highlights Westpac's sustainability performance for the 2020 fiscal year, focusing on its response to the COVID-19 pandemic and Australian bushfires. It details the bank's progress in addressing shortcomings identified in AUSTRAC proceedings through the Customer Outcomes and Risk Excellence (CORE) program. Key achievements include reaching $10.1 billion in lending to climate change solutions and maintaining 50% women in leadership roles. The report also introduces refreshed Climate Change and Human Rights Position Statements and 2023 Action Plans. Furthermore, Westpac achieved a 27% reduction in Scope 1 and 2 emissions since 2016, exceeding its 2020 target.
Company: Westpac Banking Corp
Sector: Financials
Country: Australia
Year: 2020
Type: SR
Pages: 43
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Westpac Banking Corp
Sustainability Performance Report
The report highlights Westpac's sustainability performance for the 2020 fiscal year, focusing on its response to the COVID-19 pandemic and Australian bushfires. It details the bank's progress in addressing shortcomings identified in AUSTRAC proceedings through the Customer Outcomes and Risk Excellence (CORE) program. Key achievements include reaching $10.1 billion in lending to climate change solutions and maintaining 50% women in leadership roles. The report also introduces refreshed Climate Change and Human Rights Position Statements and 2023 Action Plans. Furthermore, Westpac achieved a 27% reduction in Scope 1 and 2 emissions since 2016, exceeding its 2020 target.
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Document Details
Report Year
2020
Reporting Period
Oct 1, 2019 - Sep 30, 2020
Fiscal Year
2020
Published
Nov 1, 2020
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 3:
Women in Management
Net Zero Target
Employees