A major threat to our environment, economy and wellbeing.
It also presents opportunities – for new jobs, technologies and services. The finance sector has a major role to play in helping New Zealand transition to a low carbon economy.
Find out more about how we are ‘Taking Action on Climate Change’.
Since 2012 we have lent $1.5 billion to businesses that reduce negative environmental impacts including renewable energy, green buildings, forestry, low carbon transport and waste reduction. Our 2020 target commits us to making up to $2 billion available to environmental solutions.
The research, commissioned by Westpac and carried out by EY and Vivid Economics, finds New Zealand could be $30 billion better off if early and consistent action is taken to help keep global warming to less than two degrees Celsius. Find out more.
Westpac is the only New Zealand bank to publish its exposures to both the fossil fuel and the clean technology and environmental services (CleanTech) sectors.
We are the first and only institution making a market under the New Zealand Emissions Trading Scheme (NZETS) and our Energy Efficient Lease helps our customers grow, while managing their environmental footprint.