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WESTPAC BANKING CORPORATION

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Westpac Banking : 25/01/2022 Westpac launches ESG training for bankers to support pathway to net zero

01/24/2022 | 07:07pm EDT

25 January 2022

Westpac has today announced it is partnering with Monash University to upskill its bankers on environmental, social and governance (ESG) issues to better support customers in the transition to a lower emissions economy.

Launching next month, more than 800 employees across the country, from areas including business banking, institutional banking and risk, will participate in the program. The program has been designed in partnership with Monash Sustainable Development Institute and ClimateWorks Australia.

Chief Executive of Westpac Institutional Bank, Anthony Miller, said: "Australia's transition to net zero by 2050 will create a significant boost to Australia's economy, including job creation.

"However, for many businesses, particularly small to medium enterprises and those at the start of their transition journeys, they're not quite sure where to start.

"Investing in education, so our bankers have a deeper knowledge of risks and opportunities in different industries, ensures our customers get the best support as the economy transitions to net zero.

"Our Australian corporate and SME customers have told us they value the help we can provide in this space, particularly small to medium enterprises and those at the start of their transition journeys," Mr Miller said.

Anna Skarbek, CEO ClimateWorks Australia, said: "Now is the time for all businesses to have net zero emissions plans. Banks have a key role in driving Australia's transition to net zero, supporting their customers on their individual journeys and solutions for a cleaner economy."

Associate Professor Annette Bos, Director Education of Monash Sustainable Development Institute, said: "This program will translate the knowledge and insights our Institute has built up on key social and environmental issues into practical take-aways for bankers."

The program commences in February 2022.

Media Contact:

westpacmediarelations@westpac.com.au

Disclaimer

Westpac Banking Corporation published this content on 25 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2022 00:06:06 UTC.


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Financials
Sales 2022 19 302 M 13 564 M 13 564 M
Net income 2022 5 482 M 3 852 M 3 852 M
Net Debt 2022 - - -
P/E ratio 2022 15,6x
Yield 2022 5,16%
Capitalization 78 574 M 55 214 M 55 214 M
Capi. / Sales 2022 4,07x
Capi. / Sales 2023 3,86x
Nbr of Employees 34 637
Free-Float 99,5%
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Last Close Price 23,57 AUD
Average target price 25,61 AUD
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Peter Francis King Director
Michael Rowland Chief Financial Officer
John McFarlane Chairman
Scott Collary Chief Operating Officer
Peter Ralph Marriott Independent Non-Executive Director
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