Westpac Banking Corporation


Sustainability and Community

Environment

Biodiversity

We support initiatives to maintain and restore Australia's unique biodiversity, through our day to day risk and lending policies and practices, market mechanisms and the volunteer efforts of our employees.

Our environmental risk policies and procedures work to ensure we factor in potential impacts on biodiversity in our investment and lending activities.

We see enormous potential in using trading and market mechanisms to achieve environmental goals, particularly through the use of carbon offsetting to create additional revenue streams for farmers and improve local biodiversity through reforestation. We also provided input into the NSW Government's pilot Biodiversity Trading model.

Whether it's fishing European Carp out of waterways in Moree NSW or re-vegetating sand banks and fencing off protected areas in Victor Harbour, this program provides our people with great opportunities to address environmental issues in their local community.