Westpac Banking Corp 2020 AR2
The report highlights Westpac Group's performance and strategic progress during a challenging fiscal year 2020, marked by the COVID-19 pandemic, natural disasters, and AUSTRAC proceedings. The Group reset its strategy around three priorities: fix, simplify, and perform, while launching a new Lines of Business operating model. Notably, Westpac committed $10.1 billion in lending to climate change solutions, exceeding its 2020 target, and maintained its position as Australia's largest financier of greenfield renewable energy projects. Additionally, the Group achieved a 27% reduction in Scope 1 and 2 emissions since 2016 and committed $24 million to partnerships reducing the human impact of financial crime.
Company: Westpac Banking Corp
Sector: Financials
Country: Australia
Year: 2020
Type: AR2
Pages: 344
Westpac Banking Corp
Annual Report
The report highlights Westpac Group's performance and strategic progress during a challenging fiscal year 2020, marked by the COVID-19 pandemic, natural disasters, and AUSTRAC proceedings. The Group reset its strategy around three priorities: fix, simplify, and perform, while launching a new Lines of Business operating model. Notably, Westpac committed $10.1 billion in lending to climate change solutions, exceeding its 2020 target, and maintained its position as Australia's largest financier of greenfield renewable energy projects. Additionally, the Group achieved a 27% reduction in Scope 1 and 2 emissions since 2016 and committed $24 million to partnerships reducing the human impact of financial crime.
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Document Details
Report Year
2020
Reporting Period
Oct 1, 2019 - Sep 30, 2020
Fiscal Year
2020
Published
Oct 31, 2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 3:
Women on Board
Women in Management
Net Zero Target
Employees