Westpac Sustainability Profile
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 67 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Westpac's reported carbon emissions
In 2023, Westpac's total carbon emissions amounted to approximately 82,092,000 kg CO2e, with Scope 1 emissions at about 6,559,000 kg CO2e and Scope 2 emissions at approximately 14,489,000 kg CO2e. The majority of their emissions stemmed from Scope 3, specifically upstream transportation and distribution, which accounted for about 134,156,000 kg CO2e. Westpac has set ambitious reduction targets, aiming to reduce Scope 1 and 2 absolute emissions by 64% by 2025 and by 76% by 2030, using 2021 as the baseline year. Additionally, they plan to cut upstream Scope 3 absolute emissions by 50% by 2030. These targets reflect a commitment to significant emissions reductions across all scopes. The emissions data is sourced directly from Westpac Banking Corporation, with no cascaded data from parent or related organizations. Westpac's climate strategy aligns with industry standards, demonstrating a proactive approach to addressing climate change and reducing their carbon footprint.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2008 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 10,823,000 | 000,000,000 | - | - | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 188,780,000 | - | - | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 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 | 00,000,000,000 | 00,000,000 |
How Carbon Intensive is Westpac's Industry?
How Carbon Intensive is Westpac's Location?
Westpac's Scope 3 Categories Breakdown
Westpac's Scope 3 emissions, which decreased by 100% last year and decreased by approximately 18% since 2015, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Upstream Transportation & Distribution" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Westpac's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Westpac has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Ing
Deutsche Bank
Bank Of Nova Scotia
Dbs Bank
Wells Fargo
Frequently Asked Questions
Common questions about Westpac's sustainability data and climate commitments