Slide 1: Sustainability Market Update
SUSTAINABILITY MARKET UPDATE WESTPAC 2 DECEMBER 2025 Westpac Banking Corporation ABN 33 007 457 141
Slide 2: Dr Fiona Wild, Chief Sustainability Officer
DR FIONA WILD Chief Sustainability Officer
Slide 3: Sustainability Strategy: Focus Areas
SUSTAINABILITY STRATEGY: FOCUS AREAS Decarbonisation and resilience for customers and our CLIMATE operations TRANSITION New housing supply, alternative pathways to HOUSING ownership for customers and housing availability for underserved communities AFFORDABILITY Regional business growth, local emplo
Slide 4: Highlights
HIGHLIGHTS #1 ZERO >70% Released new Remained largest exposure to of our finance Climate Transition financier to renewable thermal coal mining2 emissions sector Plan in Nov-25 projects in Australia1 targets showed a lower emissions profile3 130+ 37% 40% engagements with increase in increase in Insti
Slide 5: Carbon-Intensive Sector Requirements
CARBON-INTENSIVE SECTOR REQUIREMENTS1 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 CTP Evaluation Criteria EMISSIONS TARGETS STRAT
Slide 6: Philippa Sjoquist, Head of Sustainability Institutional Bank
PHILIPPA SJOQUIST Head of Sustainability Institutional Bank
Slide 7: Supporting Institutional Customers
SUPPORTING INSTITUTIONAL CUSTOMERS In FY25 we had 130+ in-depth engagements with institutional customers on their climate transition plans (CTPs) FY25 KEY FINDING CUSTOMERS ENGAGED BY SECTOR1 (%) KEY DEPENDENCIES CITED TO DELIVERING CTPS ~64% 8 4 18 TECHNOLOGY of customers re-engaged from FY241 11 F
Slide 8: Nick Wandke, Head of Sustainability Business & Wealth
NICK WANDKE Head of Sustainability Business & Wealth
Slide 9: Supporting Business & Wealth Customers
SUPPORTING BUSINESS & WEALTH CUSTOMERS ESG RISK ASSESSMENT DIGITAL BANKER FIJI & PAPUA NEW GUINEA Sustainability positions Embedded digital solution Extended ESG engagement ESG & climate policy within strategic tech stack to our pacific banking business customers PATHWAYS TO SUSTAINABILITY SPECIALIS
Slide 10: Appendix
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Slide 11: Sustainability Strategy
SUSTAINABILITY STRATEGY TAKING ACTION NOW TO CREATE A BETTER FUTURE WHAT To be our customers’ #1 bank and partner through life HOW Customer People Change Risk Performance CUSTOMER OBSESSED BEST TEAM, BRILLIANT AT SAFE AND STRONG EXECUTION Proactively support TRUSTED EXPERTS DELIVERY Actively manage
Slide 12: Climate Transition Plan
CLIMATE TRANSITION PLAN SUSTAINABILITY AMBITION TO BECOME A NET-ZERO, CLIMATE RESILIENT BANK NET-ZERO, CLIMATE RESILIENT PARTNERING WITH CUSTOMERS TO SUPPORTING OUR CUSTOMERS’ FOCUS AREAS OPERATIONS DECARBONISE PHYSICAL RESILIENCE 76% reduction in scope 1 and 2 absolute 2030 scope 3 financed emissio
Slide 13: Understanding Our Carbon Account to Take Action Now
UNDERSTANDING OUR CARBON ACCOUNT TO TAKE ACTION NOW SUSTAINABILITY Greenhouse gas (GHG) emissions by source (tco2-e) % of Estimated FY24 financed emissions1 (% of total) total FY24 FY25 2% 2% 1% Agriculture, forestry & fishing Scope 1: Direct emissions from 3% controlled facilities, including fleet
Slide 14: Our Emissions Reduction Targets
OUR EMISSIONS REDUCTION TARGETS SUSTAINABILITY Progress on operational emissions targets1 Carbon-intensive sector requirements Reduction in market-based 2025 2030 Target • From 30 Sep-25, new or renewed corporate lending and emissions from 2021 baseline (%) FY24 FY25 Target Target Progress bond faci
Slide 15: Climate-Related Opportunities and Targets
CLIMATE-RELATED OPPORTUNITIES AND TARGETS SUSTAINABILITY 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. Sustainable finance highlights • 89.2% of o
Slide 16: Investor Relations Team – Contact Us
INVESTOR RELATIONS TEAM – CONTACT US CONTACT US Justin McCarthy Catherine Garcia General Manager, Investor Relations Head of Investor Relations, Institutional Jacqueline Boddy Lucy Wilson Head of Debt Investor Relations Head of Corporate Reporting and ESG James Wibberley Arthur Petratos Manager, Inv
Slide 17: Disclaimer
DISCLAIMER DISCLAIMER 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 is not intended that it be relied