Westpac NZ’s Sustainability Strategy. Conditions, fees and charges apply. Our 2020 Sustainability Performance Report is part of Westpac Group’s 2020 annual reporting suite and provides information on our sustainability performance, including climate change and human rights, over the period. The figure … All up, the brewer’s processes emitted 8,149 tonnes of carbon dioxide last year, according to its just-released sustainability report – roughly what’s produced when 1045 passengers fly … A small but very enthusiastic group from the Westpac’s corporate office in Auckland tackled some interesting track maintenance challenges. Westpac Foundation 2020 Impact Report (PDF 4MB). This event is taking place on 3 November 2020 at Westpac Britomart in Auckland. Performance Metrics, Glossary and Defnitions 2020 Sustainability Appendix This led to Westpac's assessment as the global sustainability leader for the banking sector in the Dow Jones Sustainability Index from 2004 to 2007. Westpac Scholars Trust (previously Westpac Bicentennial Foundation) was launched in 2014 with a $100 million gift from Westpac Group to fund 100 scholarships every year, forever. Fix Simplify Perform 2020 ANNUAL REPORT 3943 Westpac AR20 Cov-p33_V40.indd 1 … All Board members are standing for re-election at the company’s Annual General Meeting (AGM) on April 1, 2020. Working with social enterprises that are creating jobs and training opportunities for people facing barriers to mainstream employment for over a decade, this year the Foundation announced the first five social enterprises to receive funding through its new collaborative funding approach in partnership with ten other organisations. Our 2020 Sustainability Performance Report is structured around the most material topics and provides information on our sustainability performance progress over the period. Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement, before deciding. Westpac Group today released its 2019 Sustainability Performance Report (PDF 5MB) as part of its broader annual reporting suite. Reports; Westpac Banking Corporation; Sustainability Report 2019 Date Included: Jan. 14, 2020. Our aspiration: We want to lead Aotearoa’s transition to … Notable highlights at the two year mark of the Group’s 2020 Sustainability Strategy include: “As we reflect on our broader sustainability agenda, collaboration is increasingly a hallmark of leadership,” said Mr Hartzer. This year, Westpac committed to sourcing 100% of its global electricity consumption through renewable sources by 2025. innovations in sustainable finance, helping customers on their pathway towards a net zero emissions economy. UN Sustainable Development Goals. Full details are available on request. Westpac NZ's environmental, social and governance (ESG) dashboard summarises our non-financial performance and provides links to the source documents of published information and policies. 2 We are taking action today to create a better future for the people who bank with us, work with us, invest in us or are part of our broader communities. In our 2020 Sustainability Strategy our focus is on addressing … Our notice explains how we use cookies and how you can manage them. Westpac joined other Australian banks, insurers, super funds, investors and industry groups to form the Australian Sustainable Finance Initiative, and is part of the newly established Corporate Sustainability Working Group of the Australian Banking Association (ABA) that will be working together in areas such as climate change, modern slavery and a set of common sustainability metrics. 1 This Report is intended to report, in an easy-to-understand manner, the Tokio Marine Group's principal activities during FY2008 to all customers and other stakeholders. In 2018, Westpac introduced a Customer Vulnerability Action Plan and since then has put in place new policies, training and a 1800 Priority Assist number to support customers in complex vulnerable situations such as family violence, elder or financial abuse. Progress includes: “While this has been a challenging year,” said Mr Hartzer, “we are proud to report that our actions have seen us regain our position as Australia’s most sustainable bank in the 2019 Dow Jones Sustainability Indices.”. Register. You can check out their report by clicking the button below. On July 17, Australian financial services group Westpac Banking Corporation (“Westpac”) released a report on its governance structures, indicating to an “immature and reactive” management of non-financial risks. Making progress on our 2020 Sustainability Strategy in Westpac Group’s 2019 Sustainability Performance Report Image: Bomen Solar Farm near Wagga Wagga is key to the first phase of Westpac Group’s transition to sourcing 100% of our global electricity consumption from renewables by 2025. Report details provided by GRI's Data Partner: Proxima. Westpac Group today released its 2019 Sustainability Performance Report (PDF 6MB) as part of its broader annual reporting suite. Directors’ report Directors’ report 72 Remuneration report 78 Financial report this year, Westpac was a founding bank and signatory to the Principles of Responsible Banking announced at the United Nations General Assembly in September. MNE, Financial Services. Westpac's submission to the 2020 CDP (formerly Carbon Disclosure Project) Climate Change Questionnaire. Care for the planet. Sustainable finance: first NZ bank to issue a green bond (2019), 01. The processes of establishing the Tokio Marine Group's three key issues are described in "Key CSR Issues and Initiatives of the Tokio Marine Group" on page 6. Our first volunteer group of 2020 got things off to a great start. Our notice explains how we use cookies and how you can manage them. The sustainability journey by Westpac has seen over 400 employees work in the Cape, which translates to 50 years of continuous employment. We use cookies to secure and tailor your web use. Westpac Group CEO, Brian Hartzer described 2019 as a watershed year both for the banking industry and for Westpac. Westpac’s 2020 Sustainability Performance Report is structured around the most material topics identified through our sustainability materiality assessment, and provides information on the steps we are taking to become a simpler, stronger bank and support our customers, people and communities. Westpac NZ Climate Risk Report. By continuing to use this site we assume you're ok with our notice. Terms and Conditions or Product Disclosure Statement, Making progress on our 2020 Sustainability Strategy in Westpac Group’s 2019 Sustainability Performance Report. Westpac NZ 2020 Summary Sustainability Report. These may change or we may introduce new ones in the future. As a leading Japanese and Asian investment manager, Tokio Marine Asset Management (TMAM) takes its responsibilities as an investor very seriously. Responding to COVID-19 risks We have taken action to ensure operational resilience and to address the risks associated with COVID-19. Westpac Group’s Australia and New Zealand operations are certified carbon neutral under the Australian Government’s Climate Active Standard for Organisations (formerly National Carbon Offset Standard) and the New Zealand Toitū carbonzero programme run by Toitū Envirocare a subsidiary of Manaaki Whenua – Landcare Research, a Government-owned Crown Research Institute. Conditions, fees and charges apply. In 2002 Westpac released a social impact report that outlined the bank's plan to meet international standards in the area of corporate social responsibility. Please also refer to: 2020 Sustainability Datasheet . Our 2018- 2020 sustainability strategy focuses on: ... Interim Report on how to make NZ’s financial system more sustainable. The Safer Children, Safer Communities 2020 Progress Report documents the outcomes of the work program in 2020, achieved collectively with our community partners, towards making a meaningful impact on child safety and protection in Australia and across the Asia Pacific region. recognising the importance of renewable energy as a way to decrease Westpac’s own environmental footprint. Image: Bomen Solar Farm near Wagga Wagga is key to the first phase of Westpac Group’s transition to sourcing 100% of our global electricity consumption from renewables by 2025. Westpac Group CEO, Brian Hartzer described 2019 as a watershed year both for the banking industry and for Westpac. We’re pleased to be featured in the Westpac’s 2020 Sustainability Performance Report. For example, Westpac’s 2018 annual report included Task Force for Climate-Related Disclosures (TCFD) reporting, a section on salient human-rights issues and expanded reporting on sustainability metrics reflecting progress on our 2020 sustainability strategy. Westpac has a legitimate claim to be an Australian banking pioneer in the sustainability sector, and indeed one of the world leaders. Westpac Group today released its 2019 Sustainability Performance Report (PDF 5MB) as part of its broader annual reporting suite. With its ambitious goal to help change 100,000 lives for the better and help create 10,000 jobs for people that need it most by 2030, collaboration is also a key theme. These may change or we may introduce new ones in the future. 2020 Sustainability Performance Report (PDF 8MB) Please also refer to: 2020 Sustainability Appendix (PDF 847KB) Given this drop in exposure, another shareholders asked whether the bank expects this exposure to continue declining in line with Westpac’s commitment to the Paris Agreement: Partnered with CoGo sustainable living app to incorporate a real-time carbon footprint tracker (2020). Zurich releases 2019 Annual Report and Sustainability Highlights. Take a closer look at our full sustainability metrics and how we’ve performed on our strategy in our 2020 Westpac NZ Sustainability Report. Westpac Group CEO, Brian Hartzer described 2019 as a watershed year both for the banking industry and for Westpac. Access the report. Refer 2020 Sustainability Report . Carbon neutral. 2020 Sustainability Performance Report Westpac’s 2020 Sustainability Performance Report is structured around the most material topics identified through our sustainability materiality assessment, and provides information on the steps we are taking to become a simpler, stronger bank and support our customers, people and communities. View WBC_2020_sustainability_performance_report.pdf from MCA 502 at Kurukshetra University Directorate of Distance Education. Westpac’s latest Sustainability Report shows its Total Committed Exposure (TCE) to oil and gas extraction declined 15% in the year to September 2020. Westpac Group 2020 Sustainability Report 2019 Sustainability Report 2018 Sustainability Report 2017 Sustainability Report 2016 Sustainability Report ← Back to menu. This information contributes to Westpac Group's Sustainability Report, which follows the Global Reporting Initiative (GRI) Standards (2016) and the AA1000 Accountability Principles Standard. Lending criteria apply to approval of credit products. Due to public health concerns, the AGM will be limited to the statutory meeting only, with no reception afterward. Sustainability Performance Report 2020 WESTPAC BANKING CORPORATION ABN 33 2017 saw the end of our five-year sustainability strategy, which worked to address some of the big issues New Zealand is facing - environmental challenges, financial capability and demographic change. Our 2020 Sustainability Performance Report is part of Westpac Group’s 2020 annual reporting suite and provides information on our sustainability performance, including climate change and human rights, over the period. This information does not take your personal objectives, circumstances or needs into account. All data as at 30 September 2020, unless otherwise stated. Westpac Foundation marks its 140th anniversary this year. An annual submission on progress against the UN Global Compact confirming our status as 'Active', 2020 UN Global Compact Communication on Progress. Sustainability Report 2019 Westpac Banking Corporation. ESG Policy. Consider its appropriateness to these factors before acting on it. Westpac Foundation’s 2020 Impact Report documents the collective impact the Foundation, together with its community partners, is making in local communities across Australia. Unless otherwise specified, the products and services described on this website are available only in Australia from © Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714. Lending criteria apply to approval of credit products. To read the report, ... Balance sheet as at 31 March 2020 Westpac New Zealand Limited 7 THE BANKING GROUP 31 Mar 20 30 Sep 19 $ millions Note Unaudited Audited Attendance is strictly by registration only. Unless otherwise specified, the products and services described on this website are available only in Australia from © Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714. Westpac Group 2020 Sustainability Report 2019 Sustainability Report 2018 Sustainability Report 2017 Sustainability Report 2016 Sustainability Report ← Back to menu. View Westpac_AU_2020_Annual_Report.pdf from FINS 5530 at University of New South Wales. Agenda. Westpac Scholars Trust 2020 Impact Report. This year Westpac introduced its first sustainability-linked loans, through which borrowers are rewarded for meeting pre-determined sustainability targets. This information does not take your personal objectives, circumstances or needs into account. We believe business should be a positive force in society. Westpac is one of New Zealand’s largest banks and they have a strong commitment to sustainability and community support. PDF HTML. First Toitū carbonzero certified bank in Aotearoa. We are committed to regular, transparent reporting to enable stakeholders to compare our relative performance over time. Full details are available on request. Westpac was one of 130 banks globally, representing one third of the global banking sector, to commit to strategically align its business with the goals of the Paris Agreement on Climate Change and the UN Sustainability Development Goals. Westpac’s governance still underperforming, according to new report. The strategy outlines Westpac NZ’s approach to tackling climate change and monitors progress against agreed targets. 2020 Climate Active Public Disclosure Statement (PDF 575KB), 2020 Summary of Toitū Carbonzero Certification (PDF 341KB), 2020 Climate Active Audit Report (PDF 399KB), 2020 Independent Assurance Statement Toitū Carbonzero Certification (PDF 173KB). To view the agenda for the Westpac-KangaNews New Zealand Sustainable Finance Summit, please click the agenda button to open in a new window. We extend our gratitude to Westpac as our Founding Partner, for helping to make Head Start Homes a reality and for their ongoing support. Our 2020 Full Year reporting suite includes our Annual Report, Full Year Financial Results, Investor Discussion Pack, Sustainability Performance Report, Pillar 3 Report, and other shareholder information including for our Annual General Meeting. Chloe joined the Bomen Solar Farm construction team through its ‘Women in Solar’ program. Consider its appropriateness to these factors before acting on it. Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement, before deciding. 2020 Sustainability Performance Report (PDF 8MB), 2020 Sustainability Appendix (PDF 847KB) 2020 Sustainability Datasheet (XLS 162KB) 2020 Annual Reporting Suite. Our 2020 Modern Slavery Statement has been prepared to meet our reporting requirements under both the Australian Modern Slavery Act 2018 (Cth) and the United Kingdom’s Modern Slavery Act (2015) and describes the actions Westpac Group has taken to address modern slavery risk in both our operations and supply chains during the FY20 period. Westpac releases Safer Children, Safer Communities 2020 Progress Report The Safer Children, Safer Communities 2020 Progress Report documents the outcomes of the work program in 2020, achieved collectively with our community partners, towards making a meaningful impact on child safety and protection in Australia and across the Asia Pacific region. Embedded in our management philosophy is our aim to contribute to the promotion of a prosperous society and spur economic development through responsible investment and asset management. working to better support customers in vulnerable circumstances, a prominent theme in the findings of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry. It put out its first report on sustainability in 2002, in the process becoming the first Australian bank to do so. 161/2020 Building a more focused bank to deliver for our customers, underpinned by innovation and a strong balance sheet. Sign up to receive our sustainability news. The budget has deteriorated from a balanced position for 2018/19, to a deficit of $85.3bn (4.3% of GDP) for 2019/20, then jumping to a revised budget deficit of $213.7bn (11% of GDP) for 2020/21. Terms and Conditions or Product Disclosure Statement. 3 Dec 2020 | Westpac NZ has released a report detailing its exposure to climate ... . Sep 24, 2020 8:01AM EDT. (2012 – 2020). “Over the course of the year we have made important changes in areas such as complaints handling and product design, to help build a stronger and more sustainable bank.”, “We take seriously our commitment to running our business in a sustainable way: supporting the communities we operate in, behaving ethically, meeting our regulatory requirements, and contributing more broadly to important issues such as climate change.”. Downloads. The Westpac Scholars Trust Impact Report documents the progress of the Westpac Scholars Program in 2020 and celebrates the diverse contributions of Westpac Scholars. By continuing to use this site we assume you're ok with our notice. Westpac Banking Corporation WBK will be paying a penalty of A$1.3 billion (about $920 million) to the Australian Transaction Reports … We use cookies to secure and tailor your web use. Manaaki te ao. Published our first Climate Risk Report aligned with the recommendations of the Taskforce for Climate-related Financial Disclosures (TCFD) in (2020). – Westpac Paper Purchasing Policy Handout – 2020 Westpac Climate Change and Action Plan Handout –Westpac Principles for Doing Business 2) Using this information, complete a Sustainability Assessment Report. In 2010, the organization announced the expansion of the sustainability program to bring on board other cities such as Redfern and Waterloo (Black, 2006). 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