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.
+33 vs industry average
Westpac’s score of 68 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Westpac's reported carbon emissions
In 2025, Westpac's total carbon emissions amounted to approximately 63,146,000 kg CO2e, comprising 4,714,000 kg CO2e from Scope 1, 1,963,000 kg CO2e from Scope 2, and 56,469,000 kg CO2e from Scope 3 emissions. This reflects a commitment to reducing its carbon footprint significantly. Westpac has set ambitious targets to reduce its Scope 1 and 2 absolute emissions by 64% by 2025 and by 76% by 2030. Additionally, the bank aims to cut upstream Scope 3 emissions by 50% by 2030, using 2021 as the baseline year. In 2024, Westpac reported total emissions of approximately 85,650,000 kg CO2e, with Scope 1 emissions at 6,262,000 kg CO2e, Scope 2 at 2,303,000 kg CO2e, and upstream Scope 3 emissions at approximately 40,799,175,000 kg CO2e. The data indicates a proactive approach to climate commitments, aligning with industry standards for sustainability and emissions reduction. Westpac's emissions data is sourced directly from the Westpac Banking Corporation, with no cascaded data from parent or related organizations. The bank's initiatives reflect a strong commitment to addressing climate change and reducing its environmental impact in the financial sector.
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Westpac’s Climate Goals (2030 & 2050)
3 goals2030
64% reduction in all scopes
Reduce scope 1 and 2 absolute emissions by 64% by 2025; Reduce scope 1 and 2 absolute emissions by 76% by 2030;
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Common questions about Westpac’s sustainability data and climate commitments
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