Westpac New Zealand
Westpac New Zealand, a prominent player in the banking and financial services industry, is headquartered in Auckland, NZ. Established in 1861, the bank has a rich history marked by significant milestones, including its commitment to innovation and customer service. Westpac operates extensively across the North and South Islands, providing a wide range of services tailored to personal, business, and institutional clients. The bank's core offerings include personal banking, business solutions, and wealth management, distinguished by their focus on customer-centric solutions and digital banking advancements. As one of New Zealand's largest banks, Westpac holds a strong market position, recognised for its reliability and comprehensive financial products. With a dedication to sustainability and community support, Westpac New Zealand continues to evolve, meeting the diverse needs of its customers while contributing to the economic growth of the nation.
DitchCarbon Score
How does Westpac New Zealand'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 New Zealand's score of 67 is higher than 99% 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 New Zealand's reported carbon emissions
In 2024, Westpac New Zealand reported total carbon emissions of approximately 4,711,000 kg CO2e, comprising 768,000 kg CO2e from Scope 1, 943,000 kg CO2e from Scope 2, and 2,269,000 kg CO2e from Scope 3 emissions. This represents a decrease from 2023, where total emissions were about 4,836,000 kg CO2e, with Scope 1 emissions at 955,000 kg CO2e, Scope 2 at 897,000 kg CO2e, and Scope 3 at 2,820,000 kg CO2e. Over the past few years, Westpac has shown a commitment to reducing its carbon footprint. In 2022, total emissions were approximately 4,800,000 kg CO2e, indicating a downward trend in emissions. However, specific reduction targets or initiatives have not been disclosed, and there are no documented climate pledges or SBTi (Science Based Targets initiative) reduction targets available. Westpac's emissions data reflects its ongoing efforts to address climate change, although further details on specific reduction strategies or commitments would provide a clearer picture of its climate action plan.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,987,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 2,222,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 |
| Scope 3 | 1,458,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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 New Zealand is not participating in any of the initiatives that 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.
