Westpac Banking Corp 2023 AR2
The report outlines Westpac's financial and non-financial performance for the fiscal year ended September 30, 2023, highlighting a 26% increase in net profit to $7,195 million. Key achievements include a 66% reduction in Scope 1 and 2 emissions from the 2021 baseline and sourcing the equivalent of 100% of Australian direct electricity demand from renewable energy. The company also expanded its sustainability strategy by setting seven new emission reduction targets under the Net-Zero Banking Alliance, covering approximately 48% of its financed emissions. Additionally, Westpac celebrated its 50-year partnership with the Westpac Lifesaver Rescue Helicopter Service and spent $27.9 million with diverse suppliers.
Company: Westpac Banking Corp
Sector: Financials
Country: Australia
Year: 2023
Type: AR2
Pages: 332
Westpac Banking Corp
Annual Report
The report outlines Westpac's financial and non-financial performance for the fiscal year ended September 30, 2023, highlighting a 26% increase in net profit to $7,195 million. Key achievements include a 66% reduction in Scope 1 and 2 emissions from the 2021 baseline and sourcing the equivalent of 100% of Australian direct electricity demand from renewable energy. The company also expanded its sustainability strategy by setting seven new emission reduction targets under the Net-Zero Banking Alliance, covering approximately 48% of its financed emissions. Additionally, Westpac celebrated its 50-year partnership with the Westpac Lifesaver Rescue Helicopter Service and spent $27.9 million with diverse suppliers.
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Document Details
Report Year
2023
Reporting Period
Oct 1, 2022 - Sep 30, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Women on Board
Women in Management
Net Zero Target
Employees