Curious to see the emissions of the organizations you buy from or invest in?
Book a demo for a pilot project
Westpac Banking Corporation, commonly known as Westpac, is a leading financial institution headquartered in Sydney, Australia. Established in 1817, it is one of the oldest banks in the country and has played a pivotal role in the development of the Australian financial landscape. Westpac primarily operates in the financial intermediation services sector, excluding insurance and pension funding, and serves a diverse clientele across Australia and New Zealand.
The bank offers a comprehensive range of core products and services, including personal banking, business banking, and wealth management solutions. Westpac is renowned for its commitment to innovation and customer service, distinguishing itself with unique offerings such as tailored financial advice and digital banking solutions. As a major player in the industry, Westpac has consistently achieved significant milestones, including being one of the largest banks in Australia by market capitalisation, reflecting its strong market position and reputation for reliability.
69
DitchCarbon score
+32 vs industry average
Westpac’s score of 69 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Part of the Sustainability team at Westpac?
- Control how your company's emission story is told
- Respond to customers efficiently
- See who's viewing your profile
Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Westpac's reported carbon emissions
Westpac, an Australian financial intermediation services company, reported its 2025 carbon emissions as approximately 4.71 million kg CO2e for Scope 1, 1.96 million kg CO2e for Scope 2, and 56.47 million kg CO2e for Scope 3 upstream transportation and distribution. For 2024, its Scope 1 emissions were about 6.26 million kg CO2e, Scope 2 emissions were approximately 2.30 million kg CO2e, and Scope 3 emissions included about 40.7 billion kg CO2e from investments and 40.80 billion kg CO2e from upstream transportation and distribution.
Westpac has committed to several climate targets. The company aims to reduce its Scope 1 and 2 absolute emissions by 64% by 2025 and by 76% by 2030, using a 2021 baseline. Additionally, it targets a 50% reduction in upstream Scope 3 absolute emissions by 2030, also from a 2021 baseline. Westpac is listed as "Committed" to near-term targets by the Science Based Targets initiative (SBTi).
Assessing Westpac as a supplier or portfolio company?
- See verified emissions data for over 2 million organizations
- View emissions forecasts for Westpac and the organizations you buy from or invest in
- Get PCAF data quality (DQ) scores, including for private organizations
Westpac’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
Already have an account? Sign in now
Climate initiatives
Science Based Targets Initiative
See details
Active
Carbon Disclosure Project
Sign in to view
Active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Active
RE 100
2025 targetSee details
Active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Westpac4 months ago
69
Need this data for financed emissions?
PCAF scored Scope 1, 2 and 3 for 2M+ organizations, including private ones.
Frequently asked questions
Common questions about Westpac’s sustainability data and climate commitments
Usage policy
You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.
Where does DitchCarbondata come from?
Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers
Learn more