We have been developing products and services that help our customers grow, while managing their environmental footprint. An example of this is our Energy Efficient Lease product for institutional customers which offsets the cost of investing in energy efficiency assets, such as green building fit outs, electric vehicles or commercial solar panels with immediate energy savings.
In 2015 we developed an innovative financing solution for renewable energy provider solarcity. Supporting CleanTech businesses like solarcity makes it possible for New Zealanders to access solar power without the need to purchase the panels, making solar more affordable and accessible to home owners.
Westpac Institutional Bank has been trading carbon since 2006 and was the first bank to trade under the New Zealand Emissions Trading Scheme (NZETS), operating since 2010. Westpac is the only financial institution actively making a carbon market in New Zealand Units (NZUs ) and opening the opportunity to a wide audience.
Our credit card rewards programme hotpoints® includes eco-conscious rewards and we use 100% recycled plastic in our EFTPOS cards. We also offer our customers increased and faster functionality through our comprehensive digital banking services, enabling customers connect with us anywhere and at anytime, which reduces the transport impacts associated with visiting a branch. Reflecting our commitment to leading in the digital space, our customers were known to be the first in the world to have a mobile application that enabled credit card management using ‘augmented reality’ which is a technology that allows information to be viewed in 3D. We have also teamed- up with New York based company Moven, and are incorporating their money management and spending analysis tools into our online banking smartphone app.
We will continue to enhance our investment in developing more sustainable products and services, in turn developing economic solutions to environmental challenges.