Westpac NZ

Sustainability Report and Carbon Intensity Rankings

Is Westpac NZ doing their part?

Their DitchCarbon score is 76

Westpac NZ has a DitchCarbon Score of 76, indicating a strong commitment to sustainability. This score reflects a lower carbon intensity in their operations, suggesting effective measures to reduce greenhouse gas emissions. A higher score signifies that Westpac NZ is performing well in managing its carbon footprint relative to its industry peers.

This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.

Industry emissions intensity

Very low

Low

Medium

High

Very high

Westpac NZ is a company in the finance sector, which has a very low carbon intensity ranking compared to other industries. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.

Location emissions intensity

Very low

Low

Medium

High

Very high

Westpac NZ operates in New Zealand, a region with a very low carbon intensity rating. This favorable environmental context supports the company’s sustainability efforts by reducing its carbon footprint.
25.17%

...this company is doing 25.17% better in emissions than the industry average.

Westpac New Zealand Limited, founded in 1861 as The Bank of New South Wales and renamed in 1982, is a prominent player in the finance sector located in New Zealand. The company offers a comprehensive suite of banking and financial services to a diverse clientele, including personal, business, and agribusiness customers. With a network of over 200 branches and nearly 500 ATMs, Westpac NZ is one of the country’s largest banks, serving nearly a quarter of the New Zealand population.

Good news, Westpac NZ has embraced SBTi commitments

Westpac NZ has pledged to set science-based emissions reduction targets through the Science Based Targets initiative (SBTi). This commitment means the company aims to align its carbon footprint with the level of decarbonization required to meet the goals of the Paris Agreement, thereby contributing to the global effort to limit warming to well below 2 degrees Celsius.

There’s always room for improvement,

DitchCarbon recommends...

Westpac NZ should establish and pursue clear, science-based targets for reducing their Scope 3 emissions, while enhancing transparency in their reporting and encouraging sustainability across their supply chain, potentially decreasing their emissions by 35%.
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✓ Peer group, recommended actions, historical reports, data sources

✓ Complete Scope 1-2-3 data, emission factors, yearly breakdown

✓ Complete SBTi and CDP status with sources

✓ Company emission source URLs

✓ Supply level emission factors

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Our methodology

Read about our emission calculation methodologies, and what the DitchCarbon Score means.