In late 2007, Westpac Group became a signatory to the UN's CEO Water Mandate.
While we are not a large user of water, the indirect impacts of water shortages are potentially great for both our customers and the communities in which we operate, as already evidenced by the recent droughts in Australia. The following outlines our progress on each dimension of the Mandate.
We report water consumption for our Australian operations in our annual sustainability reports and are working to report on sites outside of Australia
We're working with local water authorities and landlords to implement water saving initiatives. For example, our Sydney headquarters, Westpac Place, utilises a stormwater harvesting system which collects rain water run-off and re-uses it in the air-conditioning system cooling towers to replenish cooling water lost through evaporation.
Supply chain and watershed management
Our supplier selection process includes questions regarding the management of environmental issues. Carbon and Water forums have been established in our institutional and agricultural businesses to manage our indirect water impacts.
We're a participant in the Australian Banker's Association water security group engaged in public policy recommendations and contributing to the current policy debate in Australia.
We provide relief packages for farmers in drought affected areas, including support for counselling services.
Detailed water data is provided in our online report and we regularly provide case studies and other contributions on our activities.