Westpac Banking Corporation

Banks
WBC.AX
AUD 22 3.4
Share price
$ 50 bn
Market Cap
$ 77 bn
Enterprise Value

Carbon footprint

1.3 Ton
GHG emissions per $ 1 mln investment
0.03x the weighted average for S&P 500
FY2021
How is this calculated?
-9.8%
YOY change in GHG emissions
Weaker than the +5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

Westpac Banking Corporation aims to reduce Scope 1 + 2 by 85% by 2025 from a base year 2016


This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Westpac Banking Corporation's GHG emissions (location-based) (Kt of CO2e)

Westpac Banking Corporation's carbon footprint

Westpac Banking Corporation reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 30 June 2021 at 97 Kt (-11 /-9.8% y-o-y).

Westpac Banking Corporation's Scope 3 emissions tumbled to 69 Kt (-23 /-25% y-o-y). The decline accelerated compared to the CAGR of -6.1% since 2Q'17.

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Company environmental metrics

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