Overall impact
B (62)

Commentary

Westpac is a strong overall performer. With a 'B' rating of 62.3 for overall impact (68th percentile compared to all companies), Westpac ranks 94th out of 180 industry peers, behind Bancolombia, Banco Santander Chile, Itau Unibanco and 90 others, and ahead of Popular, Macro Bank, Grupo Aval Acciones Y Valores and 83 others. On top material causes for Westpac's industry (Banking), Westpac performs well in Disaster Readiness and Effective Aid (92.3 score), Decent, Safe Work Opportunities (83.4), Equal Pay and Opportunity (95.7) and 1 other cause where it received an 'A' score and performs poorly in Improved Mental Health (38.0 score), Accountable Institutions (30.6), Accountable Institutions (0.0) and 3 other causes where it received a 'D' or 'F' score.
Impact
Cause WBC.AX
Peer rank
Overall impact

Log in to view this information

Impact trend

Change in rating for overall impact

Log in to view this information

Company
Employees
33,583
Sector
Financials
Industry
Banks
Sub-industry
Diversified Banks
SASB industry
Commercial Banks
Headquarters
Nsw, Australia
Share classes
WBCPJ.AX
Capital Notes 7
WBC.AX
WBCPK.AX
Capital Notes 8
WBCPL.AX
Capital Notes 9
YTMF16.AX
Exchange-traded bond
WBCPE.AX
Capital Notes 2
Description
Westpac Banking Corporation provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe. The company operates through four segments: Consumer, Business & Wealth, Westpac Institutional Bank, and Westpac New Zealand. It offers savings, term deposit, business transaction, not-for-profit transaction, foreign currency, farm management deposit, project and retention trust, and statutory trust accounts; home, personal, business, and commercial loans; vehicle and equipment finance; business overdrafts and bank guarantees; debit and credit cards; international and travel services; share trading and margin lending services; investment products; and home, car, travel, life, caravan and trailer, credit card and loan repayment, boat, and business insurance products, as well as superannuation products. The company also provides corporate and institutional, transaction banking, private banking, financial market, corporate and structured finance, payment solutions, foreign exchange and international money transfers, trade and supply chain finance, and industry specific banking and treasury services, as well as online and telephone banking services. It serves individuals and consumers; small to medium businesses and commercial and agribusiness customers; high-net-worth individuals; and corporate and institutional and government customers. The company was formerly known as Bank of New South Wales and changed its name to Westpac Banking Corporation in October 1982. Westpac Banking Corporation was founded in 1817 and is headquartered in Sydney, Australia.
Material causes
Ethos considers the following causes material for Westpac, based on its industry sub-industry Diversified Banks. Learn more about material causes in our methodology overview.

This information is subject to Ethos' Terms and Conditions, which you can find here.

This information may not be used for corporate financing purposes (including, without limitation, ESG-linked loans, credit facilities, securities or structured products), as a basis for any financial instruments or products (including, without limitation, passively managed funds and index-linked derivative securities) or other products or services, to verify or correct data in any other compilation of data or index, to create any derivative works, nor to create any other data or index (custom or otherwise), without Ethos' prior written permission.

By browsing this site you agree to our use of cookies. Read more.
We use cookies on this site to enhance your user experience. By continuing to browse the site, you are agreeing to our use of cookies. Give me more info.