Westpac
Westpac Banking Corporation, commonly known as Westpac, is a leading financial services provider headquartered in Sydney, Australia. Established in 1817, it is one of the oldest banks in the country and has played a pivotal role in shaping the Australian banking landscape. With a strong presence across major operational regions, including New Zealand and the Pacific Islands, Westpac serves millions of customers through its extensive network of branches and digital platforms. As a key player in the banking industry, Westpac offers a diverse range of products and services, including personal banking, business banking, and wealth management. Its commitment to innovation and customer service sets it apart in a competitive market. Notably, Westpac has received numerous accolades for its sustainability initiatives and digital banking solutions, reinforcing its position as a trusted financial partner in the region.
DitchCarbon Score
How does Westpac's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Westpac's score of 62 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Westpac's reported carbon emissions
In 2023, Westpac's total carbon emissions amounted to approximately 140,152,000 kg CO2e, with Scope 1 emissions at about 6,559,000 kg CO2e, Scope 2 emissions at around 14,489,000 kg CO2e, and Scope 3 emissions reaching approximately 61,044,000 kg CO2e. This reflects a significant reduction from previous years, particularly from a total of about 152,555,000 kg CO2e in 2022. Westpac has demonstrated a commitment to reducing its carbon footprint, although it has not set a net-zero target. The bank is actively engaged in the Science Based Targets initiative (SBTi) and has committed to near-term reduction targets, although specific numerical targets have not been disclosed. The institution operates within the financial sector in Australia and is focused on aligning its operations with climate action goals. Overall, Westpac's emissions data highlights its ongoing efforts to manage and reduce its carbon emissions while navigating the complexities of the financial industry.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Get Started| 2012 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 8,587,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 170,500,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 82,187,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Westpac is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
