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 62 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Westpac New Zealand's reported carbon emissions
In 2023, Westpac New Zealand reported total carbon emissions of approximately 3,936,000 kg CO2e. This figure includes Scope 1 emissions of about 955,000 kg CO2e, Scope 2 emissions of around 977,000 kg CO2e, and Scope 3 emissions totalling approximately 2,255,000 kg CO2e. Over the past five years, Westpac has demonstrated a commitment to reducing its carbon footprint. Emissions have decreased from about 6,225,000 kg CO2e in 2019 to the current level, indicating a significant reduction trend. Notably, Scope 3 emissions, which encompass indirect emissions from the value chain, have also seen fluctuations, with a peak of approximately 3,772,000 kg CO2e in 2019. Despite these reductions, Westpac has not publicly disclosed specific reduction targets or initiatives aimed at further decreasing emissions. The absence of documented reduction targets suggests that while the bank is actively monitoring its emissions, it may not have formalised commitments to future reductions. Overall, Westpac New Zealand's emissions data reflects a proactive approach to climate impact management, although further clarity on specific reduction strategies would enhance its sustainability profile.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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 | 2,123,000 | 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 committed to any reduction initiatives 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.
