Westpac Banking Corporation · ASX:WBC
Westpac Banking — Westpac New Zealand — Debt Investor Presentation (May 2019)
14 slides from Westpac Banking's debt investor presentation, May 2019
Slide 1: Green bond framework
Green bond framework. Westpac New Zealand Limited. May 2019
Slide 2: Contents
Contents. 1 Westpac New Zealand Limited sustainability and climate change overview p3 2 Green Bond Eligible Assets and use of proceeds p5 3 Process for Eligible Asset evaluation and selection p8 4 Management of proceeds p11 5 Reporting p12 2
Slide 3: Westpac's approach to sustainability
Westpac’s approach to sustainability. Westpac New Zealand Limited (WNZL) sustainability and climate change overview. • Westpac Banking Corporation (Westpac) has long recognised that climate change is a significant issue that will impact the long-term prosperity of our economy and way of life - We be
Slide 4: Climate change solutions
Climate change solutions. WNZL climate change solutions overview. • WNZL is focussed on providing finance to back Climate Change Solutions - Westpac’s Action Plan identifies certain activities (eg renewable energy, green buildings) as Climate Change Solutions. WNZL’s ‘Take Action on Climate Change’
Slide 5: Green bond framework: eligible assets and use of proceeds
Green bond framework. Green bond eligible assets and use of proceeds. • Eligible Assets for the WNZL Green Bond Programme are loans to, or investments in: Alignment to United Nations Social Development Category Eligibility criteria Goals (SDGs) Commercial property with a New Zealand Green Building
Slide 6: Eligible assets and use of proceeds, continued
Green bond framework. Green bond eligible assets and use of proceeds, continued. • Use of proceeds - An amount equal to the net proceeds from the issuance of the Green Bonds will be allocated to the funding of existing and future Eligible Assets. - Whilst the Green Bonds are outstanding, internal re
Slide 7: Eligible assets and use of proceeds, continued
Green bond framework. Green bond eligible assets and use of proceeds, continued. In 2015, United Nations member countries adopted the 2030 Agenda for Sustainable Development and its 17 sustainable development goals which provides internationally recognised classifications of assets. The WNZL Green B
Slide 8: Process for eligible asset evaluation and selection
Green bond framework. Process for eligible asset evaluation and selection. The selection and tracking of the Green Bond Eligible Asset Pool to be funded from the issuance of a Green Bond is governed by a process that aims to ensure risks are fully understood, assessed and properly controlled. WNZL E
Slide 9: Process for eligible asset evaluation and selection, continued
Green bond framework. Process for eligible asset evaluation and selection, continued. 1) Lending policies and frameworks • Relevant WNZL lending is undertaken in accordance with the ESG Risk Management Framework and ESG Credit Risk Policy. 2) Asset list for Climate Change Solutions • A request is se
Slide 10: Process for eligible asset evaluation and selection, continued
Green bond framework. Process for eligible asset evaluation and selection, continued. 4) Approve and review Green Bond Eligible Asset Pool • The Green Bond Eligible Asset Pool is then reviewed and discussed by relevant parties within WNZL including provision of relevant process documentation, data,
Slide 11: Management of proceeds
Green bond framework. Management of proceeds. • Flow of funds for Green Bond - Green Bond proceeds will be allocated to WNZL’s general pool of funds as set out below. - Green Bond proceeds will be tracked and monitored using a specific product code by the WNZL Treasury, to ensure any such issuance d
Slide 12: Reporting
Green bond framework. Reporting. • Reporting indicators - In line with best practice, WNZL will report and maintain the Westpac fixed income investor website https://www.westpac.com.au/about-westpac/investor-centre/fixed-income-investors/ with key quantitative and/or qualitative performance indicato
Slide 13: External review and assurance
Green bond framework. • External review and assurance. - WNZL has subjected its Green Bond Framework to external review and assurance by DNV GL Business Assurance Pty Limited (www.dnvgl.com) to confirm its alignment with the ICMA Green Bond Principles 2018. - WNZL also undertakes to have external re
Slide 14: Important information
Green bond framework. Important information. Westpac Institutional Bank refers to the brand under which products and services are provided by either Westpac Banking Corporation ABN 33 007 457 141 (Westpac) or Westpac New Zealand Limited (company number 1763882) (WNZL). Any product or service made av
Westpac New Zealand — Debt Investor Presentation (May 2019) on 6ix