Westpac ranked world’s most sustainable bank for the 10th time in 2017 Dow Jones Sustainability Index
7 September, 2017
Westpac Group has retained its position as the most sustainable bank globally in the 2017 Dow Jones Sustainability Indices (DJSI) Review published today.
This marks the fourth year in a row and 10th time that Westpac has achieved the global banking sector leadership position, and the 16th year in a row that Westpac has been recognised as a global banking leader.
Westpac Group CEO Brian Hartzer said Westpac's continued recognition as a global leader in sustainability is testament to the strong culture around these issues at Westpac.
“To be recognised as the most sustainable bank globally in our 200th year of operation says a lot about how deeply committed we are to doing the right thing.
“In the last twelve months we’ve renewed and extended many of these commitments - with our updated Climate Change Action Plan and Reconciliation Action Plan, and our world-first Financial Inclusion Action Plan each setting ambitious targets in areas where we feel we can have a meaningful impact. Receiving external validation for the strength of our sustainability practices shows that we are on the right path.
“It is also a tribute to the incredible efforts of our 40,000 employees, who are committed to helping our customers and the community to create a better future,” he said.
This year, Westpac achieved a DJSI score of 94%. In assessing Westpac's performance, S&P Dow Jones Indices and RobecoSAM rated Westpac's performance strongest in the following areas: corporate citizenship, business risks and opportunities, environmental and social reporting, climate strategy, anti-crime policy, materiality and labour practices.
The DJSI RobecoSAM Corporate Sustainability Assessment is the most widely accepted global evaluation of how companies manage and perform across social, economic and environmental dimensions and has become the reference point in sustainability investing.
It assesses business management practices such as corporate governance, risk management, customer relations, human resources, corporate community investment, climate change mitigation and environmental performance.