Reporting our performance
Our approach to reporting
The Westpac Group’s Annual Review and Sustainability Report sets out the group's non-financial performance across more than 110 indicators covering the environmental, social and governance aspects of our business.
The report is also firmly aligned with our financial reporting, providing all of our stakeholders with the 'full story' on our performance, both financial and non-financial.
Our Sustainability Report is based on the 2006 – "G3" – Global Reporting Initiative (GRI) Guidelines. The GRI guidelines – in the form of principles and indicators – aim to provide comparability and consistency between sustainability reporting worldwide. We supplement this with two sector-specific frameworks for financial institutions: Social Performance Indicators for the Financial Industry (SPI-Finance) and Environmental Performance Indicators for the Financial Industry (EPI-Finance).
We continue to complement these frameworks with additional, specific indicators to ensure we capture the most material issues for our stakeholders. These are developed through our continuing engagement with stakeholders.
Most crucially, the Sustainability Report is independently assured and verified against the AA1000 Assurance Standard. This comprehensive process provides credibility around the content of the report and ensures the report is produced according to a strict set of guidelines, ensuring that: material issues are reported; that these issues are broadly understood by the organisation; and that Westpac is responding to these key issues.
