Westpac Banking Corp 2025 SR
The report outlines Westpac's strategy and progress toward becoming a net-zero, climate-resilient bank. Key highlights for 2025 include reducing corporate lending to institutional thermal coal mining customers to zero and achieving a 22% decrease in scope 1 and 2 operational emissions. The company increased sustainable finance lending by 37% and sustainable bond facilitation by 40%. Westpac also implemented a new Climate Risk Policy and refreshed its Carbon-Intensive Sector Requirements, including customer transition plan evaluations.
Company: Westpac Banking Corp
Sector: Financials
Country: Australia
Year: 2025
Type: SR
Pages: 120
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Westpac Banking Corp
Sustainability Report
The report outlines Westpac's strategy and progress toward becoming a net-zero, climate-resilient bank. Key highlights for 2025 include reducing corporate lending to institutional thermal coal mining customers to zero and achieving a 22% decrease in scope 1 and 2 operational emissions. The company increased sustainable finance lending by 37% and sustainable bond facilitation by 40%. Westpac also implemented a new Climate Risk Policy and refreshed its Carbon-Intensive Sector Requirements, including customer transition plan evaluations.
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Document Details
Report Year
2025
Reporting Period
Oct 1, 2024 - Sep 30, 2025
Fiscal Year
2025
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Renewable Energy
Net Zero Target