Westpac Banking Corporation
Primary Climate Goal
Westpac Banking Corporation aims to reduce Scope 1 + 2 by 85% by 2025 from a base year 2016
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
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 (
The company has not set a company-wide target for an absolute reduction in GHG emissions yet.