Westpac sets out sustainability goals

Luke Parker
Westpac sets out sustainability goals

Reducing carbon emissions, more women in leadership, flexible employee working hours, becoming ‘dementia-friendly’ and receiving the Rainbow Tick are just a few of the feats Westpac has achieved over the past three years.

Marked out in the recently released 2015 Westpac New Zealand Sustainability Review, the report summarises Westpac’s performance against its sustainability strategy, 'Our Tomorrow Plan', over the last three years and sets new challenging targets for the two years ahead.

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Westpac CEO David McLean says the Our Tomorrow Plan identifies three long-term issues impacting its business and New Zealand communities:

- the need for better personal financial skills and knowledge as New Zealanders live longer
- how we manage the risks and opportunities of climate change
- how we harness the benefits of our increasingly diverse society in our workforce and communities

“Alongside those streams of work, we remain committed to reducing the environmental impact of our own operations, ensuring we create a truly diverse and inclusive workplace that reflects our customer base, and continuing to make a difference in communities through activities including our employee volunteering programme and our sponsorship and wider support of New Zealand’s rescue helicopters," Mr McLean said.

He said Westpac is committed to transparently reporting on its journey.

“We have achieved four of the six sustainability targets we set in 2012 and we have set 10 new targets to frame Our Tomorrow Plan over the next two years.

"We’ve celebrating many successes, but we also faced a number of challenges and inherent tensions that we can’t resolve alone.”

The Westpac CEO said examples include the economy’s continuing reliance on fossil fuels, the poor financial capability of many New Zealanders and continuing barriers to equal employment.

“All of these issues require information sharing and collaborative problem solving. We are up for the challenge and committed to working with other businesses, community groups and government to raise and tackle these issues.”

Westpac Group, which includes Westpac NZ, was ranked number one in the ‘Global 100 Most Sustainable Corporations in the World’ at the World Economic Forum in Davos, Switzerland in 2014 and the world's most sustainable bank in the 2015 Dow Jones Sustainability Index.

View the full Sustainability Review 2015.


Westpac NZ sustainablility highlights over last 3 years:

Highlights Westpac Sustainability Review 2013 2015


SEE ALSO: Energy efficiency expert joins Westpac

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