Westpac gets the tick of approval for sustainability

By Roisin Kelly-Goldsmith ·

Westpac has been crowned by Dow Jones as the most sustainable bank globally for the ninth time, beating its personal best with a 95% score.

The annual Dow Jones Sustainability Index is an evaluation of how companies perform, considering factors such as economic and environmental impact to acknowledge sustainable investing.

CEO of Westpac, Brian Hartzer said it’s an honour for his bank to be on top once again.

“At a time when there are a lot of questions being raised about banks, it’s nice to see Australian banks dominated the leadership position, and Westpac receive external validation for the strength of its sustainable practices,” he said.

“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.”

Areas Westpac excelled in:

  • Business conduct,
  • Climate strategy,
  • Environmental reporting,
  • Financial inclusion,
  • and business risks and opportunities.

But they aren’t the only big four bank picking up awards, as Commbank made fourth place in February for a similar Index ranking sustainable companies.  

On a more local level, experts at Mozo crunched the data to find out which financial providers delivered the best value products to its Australian customers back in June.

“We wanted to identify the best banks for those customers who want to have their home loan, savings account, credit cards and whatever other financial products they need all in the same place, without sacrificing value,” said Mozo Data Manager, Peter Marshall.

Curious to know who made the list? Check out Australia’s Best here!

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