Westpac Bank - PNG - Limited Sustainability Profile
Westpac Bank - PNG - Limited, commonly referred to as Westpac PNG, is a leading financial institution headquartered in Port Moresby, Papua New Guinea (PG). Established in 1910, the bank has a rich history of serving the local community and has evolved to become a key player in the banking sector, offering a wide range of financial services across the nation. Operating primarily in the retail and commercial banking sectors, Westpac PNG provides core products such as personal and business loans, savings accounts, and investment services. What sets Westpac apart is its commitment to customer service and innovative banking solutions tailored to the unique needs of Papua New Guineans. With a strong market position, Westpac PNG has achieved notable milestones, including numerous awards for excellence in banking and community engagement, solidifying its reputation as a trusted financial partner in the region.
DitchCarbon Score
How does Westpac Bank - PNG - Limited'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 Bank - PNG - Limited's score of 74 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Westpac Bank - PNG - Limited currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. The bank is a current subsidiary of Westpac Banking Corporation, which means that any relevant emissions data or climate commitments may be cascaded from this parent organisation. As part of its climate commitments, Westpac Banking Corporation has established various initiatives aimed at reducing carbon emissions. However, specific reduction targets or achievements for Westpac Bank - PNG - Limited are not detailed in the available information. The bank's climate strategy may align with broader initiatives from its parent company, which includes participation in frameworks such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). Given the lack of specific emissions data and reduction targets for Westpac Bank - PNG - Limited, it is essential to monitor updates from Westpac Banking Corporation for any future commitments or performance metrics that may impact the subsidiary's climate strategy.
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| 2008 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 10,823,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 188,780,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | - | - | - | - | - | 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 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000,000 | 00,000,000 |
How Carbon Intensive is Westpac Bank - PNG - Limited's Industry?
How Carbon Intensive is Westpac Bank - PNG - Limited's Location?
Westpac Bank - PNG - Limited's Scope 3 Categories Breakdown
Westpac Bank - PNG - Limited's Scope 3 emissions, which decreased by 100% last year and decreased by approximately 2% since 2011, 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.
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Westpac Bank - PNG - Limited'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 Bank - PNG - Limited 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.
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