Our Strategy

Supporting our communities and creating impact where it matters most.

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Creating better futures together

What's most important to us is understanding what a better future means to our customers and helping them get there.

Our 2030 Sustainability Strategy is centred around six objectives

We believe that as one of Australia’s largest companies, we have a role to play in helping to create a positive social, economic and environmental impact. Our Sustainability Strategy is aligned to our Group Strategy and Purpose, and centres upon six objectives we will be seeking to achieve.


Underpinning these are:

  • Focus areas: where we aim to continue to improve
  • Areas for advocacy: where we aspire to influence and lead positive change.

 

The end point for our Sustainability Strategy is 2030, aligned with the timeline for the UN Sustainable Development Goals and our net-zero interim sector targets. This also reflects the longer-term nature of what we are seeking to achieve. 

Enhance financial inclusion and equality

Focus Areas

  • Safe, flexible and inclusive products and services
  • Support customers experiencing vulnerability, hardship and disaster
  • Education to build financial resilience

 

For more information, refer to our resources below:

 

Areas for Advocacy

  • Removing barriers for women/families
  • Home ownership

 

 

    

Focus Areas

  • Fraud and scams
  • Data privacy and security
  • Safely using data and technology for customer benefits


For more information, refer to our resources below:

 

Areas for Advocacy

  • Scam protections
  • Data security

 

 

  

Focus Areas

  • Westpac operations and supply chain
  • Net-zero interim sector targets and portfolio alignment
  • Climate change transition solutions
  • Resilience and adaptation


For more information, refer to our resources below:

 

Areas for Advocacy

  • Sustainable finance taxonomy & solutions
  • Energy-efficient, renewable-powered homes, cars and businesses

 

 

     

Focus Areas

  • Westpac waste and nature impact
  • Deforestation, restoration and regeneration
  • Biodiversity and ecosystems


For more information, refer to our resources below:

 

Areas for Advocacy

  • Natural capital solutions

 

      

Focus Areas

  • Indigenous Peoples
  • Children and young people
  • Just and inclusive transition
  • Responsible financing, marketing and business practices


For more information, refer to our resources below:

Areas for Advocacy

  • Indigenous self-determination and financial inclusion
  • Child safeguarding and data sharing

 

 

     

Focus Areas

  • Diverse talent and inclusive, accessible and supportive workplace
  • Support for grants / scholarships for community and social enterprises1
  • Diverse and responsible sourcing


For more information, refer to our resources below:

 

Areas for Advocacy

  • Inclusive workplace
  • Backing leaders and businesses of tomorrow 

 

 

      

Our Sustainability Strategy, metrics and goals

Our Sustainability Strategy

Our Sustainability Strategy is aligned to our Group Strategy and Purpose, and centres upon six objectives we will be seeking to achieve. Learn more about our objectives, including focus areas and areas of advocacy (PDF 85KB)

Sustainability Reports

Find out how we seek to create economic, social and environmental impact in our Annual Report and Climate Report.

Refer to our Sustainability Reports.

2024 Sustainability Index and Datasheet

For more information on definitions within our Sustainability Strategy, metrics and definitions, as well as our ESG data and alignment with key global reporting standards, refer to our 2024 Sustainability Index and Datasheet (XLS 1MB)

Driving action

To guide action towards our strategy we have robust governance frameworks and a series of positions, policies and action plans. We are committed to regular, transparent reporting to enable stakeholders to compare our relative performance over time.

See our Westpac New Zealand website to learn about how we’re helping our customers and communities in New Zealand.

Things you should know

  1. Grants and Scholarships for community and social enterprises are provided by the Westpac Foundation and Westpac Scholars Trust. 

Westpac Foundation is administered by Westpac Community Limited (ABN 34 086 862 795) as trustee for Westpac Community Trust (ABN 53 265 036 982). Westpac Community Trust is a Public Ancillary Fund, endorsed by the ATO as a Deductible Gift Recipient. None of Westpac Foundation, Westpac Community Limited nor the Westpac Community Trust are part of Westpac Group. Westpac provides administrative support, skilled volunteering, donations and funding for operational costs of Westpac Foundation.

Westpac Scholars Trust (ABN 35 600 251 071) is administered by Westpac Scholars Limited (ABN 72 168 847 041) as trustee for the Westpac Scholars Trust. Westpac Scholars Trust is a private charitable trust and neither the Trust nor the Trustee are part of the Westpac Group. Westpac provides administrative support, skilled volunteering, and funding for operational costs of Westpac Scholars Trust. 


The content of this page has not been approved by the United Nations and does not reflect the views of the United Nations or its officials or Member States. Refer to the UN Sustainable Development Goals for more information.