Westpac Group has welcomed the announcement that it had been assessed as the most sustainable bank globally in the 2014 Dow Jones Sustainability Indices (DJSI) Review.
Westpac CEO, Gail Kelly, said she was delighted Westpac had achieved sector leadership in this well recognised benchmark, building on Westpac’s award as the world’s most sustainable company in the Global100 at Davos earlier this year.
“This clearly shows that our commitment to sustainability is deeply embedded in our business processes, our culture and our operational strategy. It is also a wonderful reflection of the outstanding efforts of our 36,000 employees who are working every day to achieve our vision to help our customers, communities and people prosper and grow,” Mrs Kelly said.
Westpac has been recognised as a global leader for banks in the DJSI since 2002. In the 2014 DJSI, Westpac achieved its strongest ever score of 93%. In assessing Westpac’s performance, S&P Dow Jones Indices and RobecoSAM rated Westpac’s performance strongest in the following areas:
- Financial inclusion
- Financial stability and systemic risk
- Customer relationship management
- Risk and crisis management
- Labour practice indicators and human rights
- Climate strategy
- Supply chain management
- Brand management
- Anti-crime policy and measures, codes of conduct, compliance, corruption and bribery.
The DJSI RobecoSAM 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*.
It assesses business management practices such as corporate governance, risk management, customer relations, brand management, human resources, corporate community investment, climate change mitigation and environmental performance. For more information, visit Dow Jones Sustainability Index.
*Globescan/SustainAbility Rate the Raters Survey www.sustainability.com/library/attachment/455
Westpac Fiji has served the local community for 112 years. The bank today employs more than 500 people, operates 20 branches and has an expansive ATM and EFTPOS network to service thousands of customers, providing personal and business banking, corporate banking, foreign trading and international services.