Most Sustainable Bank
Westpac Group has retained its position as the most sustainable bank globally in the 2016 Dow Jones Sustainability Indices (DJSI) Review.
This marks the ninth time Westpac has achieved the leading position amongst the global banking sector category, and the 15th year in a row where Westpac has been recognised by the DJSI Review. Westpac Group CEO Brian Hartzer said it’s an honour see the Group’s sustainable business practices once again ranked number one on such a leading global benchmark.
“Retaining global sector leadership in such a prominent sustainability benchmark reflects our genuine commitment to advancing the community with sustainable practices that are deeply embedded in our business processes, our culture and our operational strategy.
“It is also a true reflection of the outstanding efforts of our 40,000 employees who are working to deliver long term value and a better future for the people who bank with us, work with us, invest in us, or are part of our wider community."
This year, Westpac achieved its strongest ever DJSI score of 95%. In assessing Westpac's performance, the review rated Westpac's performance strongest in the following areas: code of business conduct, climate strategy, environmental and social reporting, financial inclusion, business risks and opportunities, materiality and occupational health and safety.
RobecoSAM and S&P Dow Jones Indices jointly manage the DJSI Review, which has established itself as the most widely accepted global evaluation of how companies manage and perform across social, economic and environmental dimensions and has become the reference point in sustainability investing.
The review covers business management practices such as corporate governance, risk management, customer relations, human resources, corporate community investment, climate change mitigation and environmental performance.