Westpac is a member of, and participates in, a number of industry associations.
Participating in industry associations provides the Group with opportunities to engage with other businesses and organisations, share insights, support advocacy, and consider and discuss potential industry standards.
Industry Association Principles
- We generally seek broad alignment with the policy positions of, and any advocacy/lobbying by the key industry associations;
- Membership does not preclude Westpac from taking different policy positions to those associations, particularly where we believe that our position is in the best interests of our customers, shareholders, employees and the economy more broadly;
- When our position varies significantly to an industry association, we engage directly with the leadership of that association; and
- We regularly review our memberships of industry associations to ensure our participation meets the expectations of our broader stakeholders
In 2019 we conducted a review of our industry association memberships, in line with our Industry Association Principles, with a focus on climate change and energy policy, lobbying and advocacy. For more information, please see the .