Fiji Time: 1:33 PM on Sunday 18 February

Fiji Times Logo

/ Front page / Business

Leading international bank scoops top rank

Filipe Naigulevu
Wednesday, September 13, 2017

A LEADING international bank has been ranked the world's most sustainable bank for the 10th time in the 2017 Dow Jones Sustainability Index.

Westpac Group has retained its position as the most sustainable bank globally in the 2017 Dow Jones Sustainability Indices (DJSI) Review published recently September 7, 2017.

A statement from the bank yesterday said this marked the fourth year in a row and 10th time that Westpac has achieved the global banking sector leadership position.

The bank said it also marked the 16th year in a row that Westpac has been recognised as a global banking leader.

Westpac Group chief executive officer Brian Hartzer said Westpac's continued recognition as a global leader in sustainability is testament to the strong culture around these issues at Westpac.

"In the last twelve months we've renewed and extended many of these commitments — with our updated Climate Change Action Plan and Reconciliation Action Plan, and our world-first Financial Inclusion Action Plan each setting ambitious targets in areas where we feel we can have a meaningful impact," she said in the statement.

"Receiving external validation for the strength of our sustainability practices shows that we are on the right path."

This year, Westpac achieved a DJSI score of 94 per cent and was rated by S&P Dow Jones Indices and RobecoSAM in corporate citizenship, business risks and opportunities, environmental and social reporting, climate strategy, anti-crime policy, materiality and labour practices.

The DJSI RobecoSAM Corporate Sustainability Assessment is the most widely accepted global evaluation of how companies manage and perform across social, economic and environmental dimensions and has become the reference point in sustainability investing.

Westpac Fiji general manager Brett Hooker said this was a phenomenal achievement and highlighted the contribution of what the bank did in the Pacific.

"We don't just contribute because of the way we have embedded our three sustainability strategy pillars — Banking the Unbanked, Making Women Count and Empowering through Education — right across our business, but also because of the way we operate and strive to do the right thing every day," he said.

"Our efforts to strengthen people and communities play a big part, including our sponsorship and community support programs, the policies which protect and empower our customers and staff, and the role Westpac plays in Fiji and PNG as a corporate leader on issues like wellbeing and gender."








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.62960.6106
JPY 54.089651.0896
GBP 0.35640.3484
EUR 0.40330.3913
NZD 0.68710.6541
AUD 0.63800.6130
USD 0.50590.4889

from

$0.00

Exchange Rate updated on 16th, February, 2018

Today's Most Read Stories

  1. Workers walk out
  2. Dengue alert
  3. Kuruvakadua slams landowners
  4. Biman refutes claims on sector
  5. My commitment is unwavering: PM
  6. Feeding the needy
  7. Top honours for tourism stalwarts
  8. RFMF deploys team to assess damage
  9. $50k aid for relief efforts
  10. FRA awards contracts, sets targets

Top Stories this Week

  1. Love is patient and always kind Wednesday (14 Feb)
  2. TC Gita: At its closest now Tuesday (13 Feb)
  3. Gita packs power Tuesday (13 Feb)
  4. TC Gita: Eye close by at 9pm Tuesday (13 Feb)
  5. TC Gita: Devastation clear Tuesday (13 Feb)
  6. TC Gita: Rooftop gone at Doi Tuesday (13 Feb)
  7. Engine fire forces Fiji Link return Tuesday (13 Feb)
  8. Woman to appear in court on rape charge Monday (12 Feb)
  9. Gita threat Monday (12 Feb)
  10. None like Gita Friday (16 Feb)