Westpac’s Environmental, Social and Governance dashboard

^{1. The course covers a range of topics including: Equal Employment Opportunity, Sexual Harassment, Accessibility, Core Compliance & Operational Risk, Giving Advice, Conflicts of Interest, Privacy, the Technology Code of Use, the Code of Conduct, Use of Customer Data, Social Media Use, Whistleblower Protection, Raising Your Concerns and Ethical Awareness.}

^{2. Reported for the first time in 2019. The New Zealand equivalent course was included from 2021.}

^{3. Women in Leadership refers to the proportion of women (permanent and maximum term) in leadership roles across the Group. It includes the CEO, Group Executives, General Managers, senior leaders with significant influence on business outcomes (direct reports to General Managers and their direct reports), large (3+) team people leaders three levels below General Manager, and Bank and Assistant Bank Managers.}

^{4. https://www.unfe.org/wp-content/uploads/2017/09/UN-Standards-of-Conduct-Summary.pdf}

^{5  OHI was introduced as a measure in 2021. NR = Not Reported. Organisational Health Index (OHI) is a leading indicator of sustained performance, measuring organisational health relative to global benchmark. OHI measures the management practices and health outcomes that drive performance.}

^{6.  Attrition restated for prior years to include both voluntary and involuntary attrition and also due to reclassification of retirement as voluntary attrition. Age and gender totals may not match overall reported numbers due to non-identified age and gender in some records.}

^{7. New starter retention over the new starter headcount for the 12-month period (permanent full time and part time employees).}

^{1. Thermal coal mining is 43% of coal mining exposure (WIB only).}

^{2. Excludes retail, sovereign, and bank exposures. Sectors whose medium (2030) and long-term (2050) performance under a scenario deviated by more than one standard deviation below average GDP growth, were classified as 'may face relatively higher growth constraints'.}

^{3. Excludes Equity Access. As the analysis has been updated to include new climate perils and refine risk models, direct comparisons with 2020 cannot be made. Please see the Sustainability Supplement for more information. Higher risk were locations where insurance may become more expensive or unavailable.} 

^{1. Data reflects a 1 July – 30 June reporting year.}

^{2. 2021 is the first year Westpac is reporting market-based emissions to account for renewable energy investment. The base year of our Scope 1 & 2 and Scope 3 Supply Chain GHG reduction targets is calculated applying the location-based accounting method. Historic location-based data is used as a proxy for a market-based method as electricity supplier emission factors or residual emission factors for some international operations are not available.}

^{1.  Suppliers included within the ‘Top Suppliers assessed under the Westpac Responsible Sourcing Program (%)’ are the top 100 suppliers to the Bank in Australia and New Zealand by spend assessed for inherent ESG risk for the twelve months ended September.}

^{2. High-risk category spend assessed for inherent ESG risk for the twelve months ended September.}

^{3. Figures for 2018-2020 restated.}

^{1. 2020 figure restated due to change in foregone fee revenue based on a review, which highlighted the reduced volume of account overdrawn fees during the COVID-19 pandemic with Government support for customers and direct debits being put on hold.} 

^{1. Clawback applies, to the extent legally permissible and practicable, to vested deferred variable reward awarded in respect of performance periods commencing on or after 1 October 2019 for up to seven years from the date of grant. Clawback may occur in circumstances of serious or gross misconduct, fraud, bribery, severe reputational damage, and any other deliberate, reckless or unlawful conduct that may have a serious adverse impact on Westpac, its customers or its people which has resulted in dismissal or the Board considers at its discretion would have justified the dismissal of the relevant executive or where otherwise required by law. It is the Board’s current intention that clawback will only be considered for relevant conduct that occurred on or after 1 October 2019.}