Westpac Banking Corporation · ASX:WBC
Westpac Banking — ESG Presentation (December 2025)
18 slides from Westpac Banking's sustainability presentation, Dec 2, 2025
Slide 1: Westpac Sustainability Update (ASX Release)
ASX RELEASE Westpac Banking Corporation Level 18, 275 Kent Street Sydney, NSW, 2000 2 December 2025 WESTPAC SUSTAINABILITY UPDATE Following is Westpac’s Sustainability Update. For further information: Hayden Cooper Justin McCarthy Group Head of Media Relations General Manager, Investor Relations 040
Slide 2: Sustainability Market Update
SUSTAINABILITY MARKET UPDATE WESTPAC 2 DECEMBER 2025 Westpac Banking Corporation ABN 33 007 457 141
Slide 3: Dr Fiona Wild, Chief Sustainability Officer
DR FIONA WILD Chief Sustainability Officer
Slide 4: Sustainability Strategy: Focus Areas
SUSTAINABILITY STRATEGY: FOCUS AREAS 3 Westpac 2025 Sustainability Market Update CLIMATE TRANSITION Decarbonisation and resilience for customers and our operations HOUSING AFFORDABILITY New housing supply, alternative pathways to ownership for customers and housing availability for underserved commu
Slide 5: Highlights
HIGHLIGHTS 4 Westpac 2025 Sustainability Market Update Released new Climate Transition Plan in Nov-25 #1 Remained largest financier to renewable projects in Australia1 ZERO exposure to thermal coal mining2 >70% of our finance emissions sector targets showed a lower emissions profile3 130+ engagement
Slide 6: Carbon-Intensive Sector Requirements
CARBON-INTENSIVE SECTOR REQUIREMENTS1 5 Westpac 2025 Sustainability Market Update Provision of new or renewed corporate lending and bond facilitation requires in-scope customers to have interim scope 1 & 2 decarbonisation target/s, aligned to the well below 2-degrees goal of the Paris Agreement2 EMI
Slide 7: Philippa Sjoquist, Head of Sustainability Institutional Bank
PHILIPPA SJOQUIST Head of Sustainability Institutional Bank
Slide 8: Supporting Institutional Customers
SUPPORTING INSTITUTIONAL CUSTOMERS 7 Westpac 2025 Sustainability Market Update In FY25 we had 130+ in-depth engagements with institutional customers on their climate transition plans (CTPs) 1 Approximately 64% of the customers engaged were re-engagements from FY24, meaning that data is not strictly
Slide 9: Nick Wandke, Head of Sustainability Business & Wealth
NICK WANDKE Head of Sustainability Business & Wealth
Slide 10: Supporting Business & Wealth Customers
SUPPORTING BUSINESS & WEALTH CUSTOMERS 9 Westpac 2025 Sustainability Market Update 1 Since launch of ESG Risk Assessment process for commercial customers in FY24. ESG RISK ASSESSMENT Sustainability positions ESG & climate policy DIGITAL BANKER Embedded digital solution within strategic tech stack FI
Slide 11: Appendix
APPENDIX
Slide 12: Sustainability Strategy
These Sustainability pages contain forward-looking statements and statements of expectation. Refer to the disclaimer at the back of this pack. Details on our sustainability commitments, targets and other supporting information is in our 2025 Annual Report, 2025 Sustainability Report and 2025 Sustain
Slide 13: Climate Transition Plan
12 Westpac 2025 Sustainability Market Update SUSTAINABILITY CLIMATE TRANSITION PLAN 76% reduction in scope 1 and 2 absolute emissions by 2030 (2021 baseline) 50% reduction in upstream scope 3 absolute emissions by 2030 (2021 baseline) 2030 scope 3 financed emissions sector targets (see page x for de
Slide 14: Understanding Our Carbon Account to Take Action Now
Refer to Appendix of our 2025 Sustainability Report for details of the methodologies for estimating our emissions. 13 Westpac 2025 Sustainability Market Update SUSTAINABILITY UNDERSTANDING OUR CARBON ACCOUNT TO TAKE ACTION NOW 1 Sectors in our financed emissions analysis are based on ANZSIC codes. T
Slide 15: Our Emissions Reduction Targets
Reduction in market-based emissions from 2021 baseline (%) FY24 FY25 2025 Target 2030 Target Target Progress Scope 1 and 2 emissions (86) (89) (64) (76) Surpassed Scope 3 upstream emissions (41) (42) NA (50) On track Progress on operational emissions targets1 14 Progress on our financed emissions ta
Slide 16: Climate-Related Opportunities and Targets
68% 32% 15 Our Sustainable Finance Framework defines how we classify sustainable finance transactions as Green, Transition, Social or Sustainability. We also have 2030 targets for lending and bond facilitation. • 89.2% of our electricity sector lending to renewables. • Coordinating Arranger and Book
Slide 17: Investor Relations Team – Contact Us
INVESTOR RELATIONS TEAM – CONTACT US 16 Westpac 2025 Sustainability Market Update CONTACT US INVESTOR RELATIONS CONTACT SHARE REGISTRY CONTACT For all shareholding enquiries relating to: • Address details and communication preferences • Updating bank account details, and participation in the dividen
Slide 18: Disclaimer
DISCLAIMER 17 Westpac 2025 Sustainability Market Update The material contained in this presentation is intended to be general background information on Westpac Banking Corporation (Westpac) and its activities. The information is supplied in summary form and is therefore not necessarily complete. It