Industry Associations and Engagement
Westpac is a member of, and participates in, a number of industry associations, initiatives and engagement.
Industry associations aim to provide a collective voice for individual businesses within an industry.
Participating in industry associations and initiatives provides us 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.
The list below outlines the industry associations, initiatives and engagements in which we are a member and participate actively, in line with our Industry Association Principles, focussing on climate change, social, and energy policy, lobbying and advocacy.
- Australian Child Safeguarding Business Coalition
- International Centre for Missing and Exploited Children (ICMEC) Australia Pacific Financial Coalition and Collaboration Working Group
- Australian Banking Association
- Australian Sustainable Finance Institute (ASFI) Founding Member
- New Zealand Bankers’ Association
- Business Council of Australia
- Principles for Responsible Banking (PRB) Signatory (2019)
- United Nations Environment Programme Finance Initiative (UNEP FI) Founding Member (1991)
- Net-Zero Banking Alliance (NZBA) (2022)
- UN Global Compact
- Australian Industry Energy Transitions Initiative
- Climate Measurement Standards Institute
- Green Building Council of Australia
- OECD Guidelines for Multinational Enterprises
- The Equator Principles Founding Adopter (2003)
Find out more on our other global and regional commitments and partnerships we continue to collaborate with.