Sustainable finance
Overview
As a major financial institution, we recognise we can help create and enable positive sustainability outcomes across climate, environmental and social objectives through our approach to sustainable finance. We have now published our approach in our Sustainable Finance Framework, which includes our Sustainable Finance Taxonomy and Targets.
How we can help
We are committed to financing activities that contribute to positive sustainability outcomes across climate, environmental and social objectives. We seek to support our people and customers as they target sustainable finance. In so doing, we can better support customers in their transition to net-zero and be their transition partner of choice.
We're partners in innovative sustainable finance solutions - find out more.
Our team
Our sustainable finance team supports sustainable business opportunities within Westpac Institutional Bank, providing:
- An understanding of the value and importance of sustainable finance to your business.
- Tailored sustainable finance solutions designed to help transition your business to a low carbon economy and achieve your climate, environmental and social goals.
- Assistance in executing the sustainable finance aspects of your transaction.
- Specialist insights regarding the rapidly changing requirements and expectations of the sustainable finance market, investors and the wider community.
- Product innovation to ensure we proactively address your evolving needs.
As a major financial institution in our region and a founding signatory of the Principles for Responsible Banking, we aspire to help set the agenda for responsible banking and lead meaningful environmental and social progress.
Sustainable finance options
Green, social, sustainability loans and bonds
Use of proceeds instruments include green, social and sustainability loans and bonds – essentially any debt instrument where proceeds are used to finance or refinance assets or projects that have been assessed and classified as Green, Transition, Social or Sustainability. Certain steps need to be undertaken for a bond or loan to be labelled as sustainable. It is important to note that all transactions must pass our usual credit risk assessment process to determine whether it can proceed.
We partner with our institutional customers to lead the transaction through each of these steps, to ensure a successful transaction, which aligns with our Sustainable Finance Framework (PDF 4MB).
Who we work with
We provide strategic guidance and tailored banking solutions to Australian, New Zealand and Global customers or potential customers of Westpac Institutional Bank.
Fundamental to our approach is a commitment to sustainability and service, which we leverage to understand the sustainability and banking objectives of each client so we can bring the right solution to the table.
See what we’re doing to drive Westpac’s sustainability strategy forward.
Q2 2024 Sustainable Finance Market Update
In this quarter’s Sustainable Finance Market Update, we cover trends in sustainable debt issuance globally and in the Australian-New Zealand markets, as well as insights from Westpac and Economist Impact’s Financing for Sustainability Report on the Asia-Pacific sustainable finance market.
Growing the links in sustainable supply chains
How are organisations making their supply chains future-fit on the pathway to a more sustainable future? A recent Women in Sustainable Finance panel event at Westpac’s Melbourne HQ uncovered some innovative ideas.
New report: How credibility is reshaping sustainable finance
Positive themes are emerging in sustainable finance, despite the Asia-Pacific markets following a recent global trend to consolidation, according to the new Financing for sustainability: Asia-Pacific’s ESG market opportunities report commissioned by Westpac.
Things you should know
Westpac Institutional Bank’s financing exposures are not limited to green and sustainable financing. For more details of Westpac Institutional Bank’s financing exposures please see our latest presentation and results (PDF 5MB).
Westpac Institutional Bank is a division of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714. This product is available only to wholesale clients within the meaning of s761G of the Corporations Act 2001. You should consider whether or not this product is appropriate for you. Terms and conditions apply. Copyright 2023 Westpac Banking Corporation.