Westpac NZ’s sustainability initiative is all about helping New Zealanders to make the most of their money, positively responding to environmental challenges, and creating a fairer society for all. It is designed to ensure business success as well as enhance economic development and the social wellbeing of employees, customers and stakeholders.
The bank has identified the issues that matter most to the people in its communities, and has set about finding ways to use its expertise to develop solutions to those problems.
It manages the business in a way that reduces its environmental footprint, as well as providing products and services that help and encourage other businesses to do the same.
It run courses to teach New Zealanders about financial capability and meet their personal financial goals, as well as helping to tackle inequality by supporting providers of social and affordable housing.
It supports local communities, as well as ensuring its workforce reflects, and is responsive to, the changing gender, cultural and generational make-up of the country as a whole. Westpac partners with the Middlemore Foundation to improve children’s health, homes and education.
In the past year, Westpac has reduced carbon dioxide emissions by 21%, maintained a carbon neutral operation, made more than $200 million in new lending available for clean technologies, loaned $123 million for social housing, achieved gender parity across all leadership roles, and paid employees to carry out more than 19,000 hours of voluntary community work.