Westpac Banking Corp 2022 AR2
The report outlines Westpac's financial and non-financial performance for the fiscal year 2022, highlighting its strategic progress under the 'Fix, Simplify, Perform' framework. Key achievements include returning $7.8 billion to shareholders through dividends and a share buy-back, and reducing statutory operating expenses by 19%. In sustainability, Westpac joined the Net-Zero Banking Alliance, updated its Climate Change Position Statement, and set 2030 financed emissions targets for five key sectors. Additionally, the company launched its fifth Reconciliation Action Plan and achieved its target Organisational Health Index score of 75.
Company: Westpac Banking Corp
Sector: Financials
Country: Australia
Year: 2022
Type: AR2
Pages: 312
Westpac Banking Corp
Annual Report
The report outlines Westpac's financial and non-financial performance for the fiscal year 2022, highlighting its strategic progress under the 'Fix, Simplify, Perform' framework. Key achievements include returning $7.8 billion to shareholders through dividends and a share buy-back, and reducing statutory operating expenses by 19%. In sustainability, Westpac joined the Net-Zero Banking Alliance, updated its Climate Change Position Statement, and set 2030 financed emissions targets for five key sectors. Additionally, the company launched its fifth Reconciliation Action Plan and achieved its target Organisational Health Index score of 75.
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Document Details
Report Year
2022
Reporting Period
Oct 1, 2021 - Sep 30, 2022
Fiscal Year
2022
Published
Nov 1, 2022
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 1:
Scope 2:
Women on Board
Women in Management
Net Zero Target
Employees