United Nations Sustainable Development Goals.

We are committed to helping New Zealand deliver on its commitment to the Sustainable Development Goals - the global agenda to 2030 laying out a roadmap to end extreme poverty, fight inequality and injustice, and protect the planet. We recognise that as a business we have a critical role to play in contributing to the agenda. Below are the goals that we believe we can have the greatest impact on.

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1. No poverty

End poverty in all its forms everywhere

Role of business

Businesses need to respect human rights and have the opportunity to proactively address constraints faced by marginalised groups.

Business themes relevant to Westpac:

  • Availability of products and services for those on low incomes
  • Earnings, wages and benefits
  • Economic development in areas of high priority

Our contributions so far:

  • First bank in New Zealand to be Living Wage accredited.
  • Partnered with the Middlemore Foundation to pilot an innovative programme, Mana-ā-Riki, in Papakura to help children and young people reach their potential by providing digital learning, health services in schools and making homes safe and warm.
  • Engaging with Government on cross-sector Safer Credit and Financial Inclusion Strategy.
  • Supporting the Ministry of Social Development’s Generator programme which works with communities with the highest level of hardship and funds and supports initiatives that generate prosperity through community action and enterprise.
  • Sponsoring the Moray Foundation Trust which provides interest-free loans to people in Otago to help them avoid unsustainable debt.
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5. Gender equality

Achieve gender equality and empower all women and girls

Role of business

Businesses have a role in mainstreaming gender equality in its operations and more broadly.

Business themes relevant to Westpac:

  • Equal remuneration for women and men
  • Diversity and equal opportunity
  • Workplace violence and harassment
  • Women in leadership

Our contributions so far:

  • Pay parity leadership – publishing our first Gender Pay Analysis in 2019.
  • Increased women in leadership to over 50% across the organisation.
  • Promoting women's success through the national Women of Influence Awards.
  • In collaboration with Shine, developed an anti-domestic violence policy to help ensure our employees are safe from domestic violence.
  • Rolled out Unconscious Bias training for all employees.
  • Westpac Women in Tech ran a #TechGirl! Event at Westpac's head office for 100 school girls with an interest in Science, Technology, Engineering and Math so they could learn about what it means to be a woman working in tech.
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7. Affordable and clean energy

Ensure access to affordable, reliable, sustainable and modern energy for all

Role of business:

Business can accelerate the transition to an affordable, reliable and sustainable energy system by, being transparent about its own emissions and climate related risks, investing in low emission technologies such as renewable electricity generation, prioritising energy efficient practices and adopting low emissions technologies, practices and infrastructure.

Business themes relevant to Westpac:

  • Renewable energy
  • Energy efficiency
  • Infrastructure investments
  • Lending to climate change solutions

Our contributions so far:

  • Reduced lending to the fossil fuel sector. Increased lending to the climate change solutions to $1.6 billion.
  • Released the Climate Change Impact Report showing faster action on climate change could save New Zealand $30 billion by 2050.
  • Converted 30% of our fleet to electric vehicles or PHeV, helping to create a more efficient second-hand market for low and zero emissions vehicles in the future, making EV ownership accessible to more people.
  • Rolled out Skype for Business thereby reducing the demand for employee travel.
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8. Decent work and economic growth

Promote inclusive and sustainable economic growth, employment and decent work for all

Role of business:

Businesses are engines for job creation and economic growth and foster economic activity through their value chain. Businesses have responsibility to uphold labour standards, institute non-discriminatory practices and embrace diversity and inclusion.

Business themes relevant to Westpac:

  • Employment
  • Economic inclusion
  • Non-discrimination
  • Capacity building
  • Availability of a skilled workforce

Our contributions so far:

  • First NZ bank to be Living Wage accredited.
  • Investing in our people through the Best Banker Accreditation programme. The programme offers two courses – the New Zealand Certificate in Financial Services (Level 4) and the New Zealand Certificate in Financial Services (Level 5), both in conjunction with the New Zealand Qualifications Authority.
  • Developed an employee financial wellbeing programme in collaboration with the Commission for Financial Capability to help build our employees’ financial confidence and capability.
  • Human Rights Position Statement and 2020 Action Plan.
  • Employee Action Groups made up of individuals who volunteer their time to progress Westpac’s diversity and inclusion agenda in six focus areas – youth, accessibility, mōhio, gender, cultural and Rainbow.
  • Culture of flexibility for employees including working from home options, part-time work, career breaks, job sharing, the opportunity to purchase extra leave and a generous parental leave policy.
  • Releasing a gender pay report and taking action to close the gender pay gap at Westpac.
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10. Reduce Inequalities

Reduce inequality within and among countries

Role of business:

Businesses are engines for economic growth, having the potential to create jobs, foster economic activity through their value chain and contribute tax revenues for public services and infrastructure. They can also use their influence to address inequality by third parties such as suppliers.

Business themes relevant to Westpac:

  • Availability of products and services for those on low incomes
  • Access to financial services
  • Equal remuneration for women and men
  • Capacity building
  • Diversity and equal opportunity
  • Economic inclusion

Our contributions so far:

  • Human Rights position statement in te reo Māori.
  • Developed a Sustainable Supplier Code setting out our expectation that suppliers act sustainably.
  • Providing paid work experience for Te Waiu O Aotearoa Trust scholarship winners and offering a Māori cadetship programme.
  • Releasing a gender pay report and taking action to close the gender pay gap at Westpac.
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11. Sustainable cities and communities

Make cities inclusive, safe, resilient and sustainable

Role of business

Business can play a vital role in providing specific infrastructure, technology, services and financing solutions, to create inclusive, safe, sustainable and disaster resilient cities.

Business themes relevant to Westpac:

  • Access to affordable housing
  • Infrastructure investments
  • Sustainable transportation
  • Access to public spaces
  • Sustainable buildings

Our contributions so far:

  • Increased lending to the climate change solutions to $1.6 billion.
  • Helping create a more sustainable financial system that directs more capital towards sustainable purposes.
  • Converted 30% of our fleet to electric vehicles or PHeV, helping to create a more efficient second-hand market for low and zero emissions vehicles in the future, making EV ownership accessible to more people.
  • Building a circular economy within our buildings and operations.
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13. Climate action

Take urgent action to combat climate change and its impacts

Role of business

Businesses can contribute by decarbonising their operations and supply chains through improving energy efficiency, reducing the carbon footprint of their operations, setting ambitious emissions reductions targets, being transparent about their performance and exposure to climate-related risks and opportunities and scaling up investment in innovative, low-carbon products and services.

Business themes relevant to Westpac:

  • Energy efficiency
  • Greenhouse gas emissions reductions
  • Risks and opportunities due to climate change
  • Transparency and disclosure
  • Sustainable Finance
  • Sustainable Agriculture

Our contributions so far:

  • First New Zealand bank to raise funding through the issuance of a green bond.
  • Increased lending to the climate change solutions sector to $1.6 billion.
  • Decreased lending to fossil fuels by 61% since 2012.
  • Committed to and achieved 30% of our fleet being electric vehicles by 2019.
  • Published the Climate Change Impact Report.
  • Founding member of the Climate Leaders Coalition.
  • Founding member of the Aotearoa Circle and Co-Chair the Sustainable Finance Forum.
  • Carbon neutral since 2013.
  • Reduced emissions by more than 50% since 2008.
  • Reducing landfill waste by offering multiple waste streams to divert waste to landfill including organic, recycling, soft plastics, alkaline battery recycling.
  • Installed onsite worm farms and vegetable boxes at head office for use in our cafes and kitchen.
  • Supported the development and launch of Lincoln University’s Farm Carbon Footprint Calculator.