Supporting the CleanTech sector

The CleanTech sector is a driving force behind New Zealand’s transition to a low carbon economy. We have set clear targets for driving growth of this important sector and developed partnerships that will provide a collaborative approach to accelerating low carbon solutions.

We have made it a strategic focus to increase lending to the clean technology and environmental services (CleanTech) sector, including industries such as renewable energy, waste minimisation, forestry, green buildings and innovative, emerging green businesses.

We are determined to work with others to influence stakeholders and develop business-led solutions. We are delighted that Karen Silk, Westpac General Manager Commercial, Corporate and Institutional Banking, is chair of the Sustainable Business Council’s Climate Change Leadership Initiative Governance Group. In 2015, this group published the Business Brief on Climate Change, presented to the Paris Climate Conference (COP21), which sets out where businesses want to lead on climate change through to 2020 and calls for the government to negotiate an ambitious, inclusive post-2020 global climate agreement.