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Select an assessment year:

  • Overall approach
    10/16
    • Overarching commitment on deforestation
      10/16
      Deforestation commitment
      Zero net deforestation
      10/16
      "By 2020 all corporate banking customers whose operations include significant production or processing of palm oil, timber products, or soy in markets at high risk of tropical deforestation can verify that these operations are consistent with zero net deforestation."
  • Commodity score
    40/64
    • Beef & Leather
      26/64
      • Commitment Strength
        21/42
        • Commodity-specific financing policy
          9.6/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Reduce deforestation
            Westpac are committed to "using all reasonable endeavours to work with Consumer Goods Forum supply chains to explore how we can finance the growth of the markets producing...beef to zero net deforestation standards."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            Westpac are committed to "using all reasonable endeavours to work with Consumer Goods Forum supply chains to explore how we can finance the growth of the markets producing...beef to zero net deforestation standards."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Westpac are committed to "using all reasonable endeavours to work with Consumer Goods Forum supply chains to explore how we can finance the growth of the markets producing...beef to zero net deforestation standards."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Westpac are committed to "using all reasonable endeavours to work with Consumer Goods Forum supply chains to explore how we can finance the growth of the markets producing...beef to zero net deforestation standards."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Westpac are committed to "using all reasonable endeavours to work with Consumer Goods Forum supply chains to explore how we can finance the growth of the markets producing...beef to zero net deforestation standards."
        • Companies must be legally operated
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "We require all of our customers to comply with applicable local, national, and international ratified laws and regulations, and to adhere to minimum industry standards."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We require all of our customers to comply with applicable local, national, and international ratified laws and regulations, and to adhere to minimum industry standards."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We require all of our customers to comply with applicable local, national, and international ratified laws and regulations, and to adhere to minimum industry standards."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We require all of our customers to comply with applicable local, national, and international ratified laws and regulations, and to adhere to minimum industry standards."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We require all of our customers to comply with applicable local, national, and international ratified laws and regulations, and to adhere to minimum industry standards."
        • Companies must protect priority forests or globally important landscapes
          7.6/9.6
          • Commitment details
            All high priority landscapes - Encourage
            6/8
            Commitment details
            All high priority landscapes - Encourage
            6/8
            "We seek to develop relationships with customers that [...] avoid adverse impacts on High Conservation Value forests and use High Carbon Stock Approach assessments where appropriate [...and] avoid operations in UNESCO World Heritage Sites, Ramsar wetlands and critical natural habitats (unless the activity is legally permitted and consistent with management plans for the area)."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We seek to develop relationships with customers that [...] avoid adverse impacts on High Conservation Value forests and use High Carbon Stock Approach assessments where appropriate [...and] avoid operations in UNESCO World Heritage Sites, Ramsar wetlands and critical natural habitats (unless the activity is legally permitted and consistent with management plans for the area)."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We seek to develop relationships with customers that [...] avoid adverse impacts on High Conservation Value forests and use High Carbon Stock Approach assessments where appropriate [...and] avoid operations in UNESCO World Heritage Sites, Ramsar wetlands and critical natural habitats (unless the activity is legally permitted and consistent with management plans for the area)."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We seek to develop relationships with customers that [...] avoid adverse impacts on High Conservation Value forests and use High Carbon Stock Approach assessments where appropriate [...and] avoid operations in UNESCO World Heritage Sites, Ramsar wetlands and critical natural habitats (unless the activity is legally permitted and consistent with management plans for the area)."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We seek to develop relationships with customers that [...] avoid adverse impacts on High Conservation Value forests and use High Carbon Stock Approach assessments where appropriate [...and] avoid operations in UNESCO World Heritage Sites, Ramsar wetlands and critical natural habitats (unless the activity is legally permitted and consistent with management plans for the area)."
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
      • Social Considerations
        5/22
        • Company must ensure Free, Prior and Informed Consent
          5.4/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "[Westpac] seek to develop relationships with agribusiness customers that do not:...violate the rights of local communities, such as the principle of free, prior, and informed consent...We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement." 
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "[Westpac] seek to develop relationships with agribusiness customers that do not:...violate the rights of local communities, such as the principle of free, prior, and informed consent...We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement." 
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "[Westpac] seek to develop relationships with agribusiness customers that do not:...violate the rights of local communities, such as the principle of free, prior, and informed consent...We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement." 
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "[Westpac] seek to develop relationships with agribusiness customers that do not:...violate the rights of local communities, such as the principle of free, prior, and informed consent...We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement." 
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders
            0.2/0.4
            "[Westpac] seek to develop relationships with agribusiness customers that do not:...violate the rights of local communities, such as the principle of free, prior, and informed consent...We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement." 
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
    • Palm oil
      43/64
      • Commitment Strength
        32/42
        • Commodity-specific financing policy
          9.4/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Zero net deforestation
            "By 2020 all corporate banking customers whose operations include significant production or processing of palm oil, timber products, or soy in markets at high risk of tropical deforestation can verify that these operations are consistent with zero net deforestation."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "By 2020 all corporate banking customers whose operations include significant production or processing of palm oil, timber products, or soy in markets at high risk of tropical deforestation can verify that these operations are consistent with zero net deforestation."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "By 2020 all corporate banking customers whose operations include significant production or processing of palm oil, timber products, or soy in markets at high risk of tropical deforestation can verify that these operations are consistent with zero net deforestation."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "By 2020 all corporate banking customers whose operations include significant production or processing of palm oil, timber products, or soy in markets at high risk of tropical deforestation can verify that these operations are consistent with zero net deforestation."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "By 2020 all corporate banking customers whose operations include significant production or processing of palm oil, timber products, or soy in markets at high risk of tropical deforestation can verify that these operations are consistent with zero net deforestation."
        • Companies must be legally operated
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "We require all of our customers to comply with applicable local, national, and international ratified laws and regulations, and to adhere to minimum industry standards."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We require all of our customers to comply with applicable local, national, and international ratified laws and regulations, and to adhere to minimum industry standards."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We require all of our customers to comply with applicable local, national, and international ratified laws and regulations, and to adhere to minimum industry standards."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We require all of our customers to comply with applicable local, national, and international ratified laws and regulations, and to adhere to minimum industry standards."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We require all of our customers to comply with applicable local, national, and international ratified laws and regulations, and to adhere to minimum industry standards."
        • Companies must protect priority forests or globally important landscapes
          7.6/9.6
          • Commitment details
            All high priority landscapes - Encourage
            6/8
            Commitment details
            All high priority landscapes - Encourage
            6/8
            "We seek to develop relationships with customers that [...] avoid adverse impacts on High Conservation Value forests and use High Carbon Stock Approach assessments where appropriate [...and] avoid operations in UNESCO World Heritage Sites, Ramsar wetlands and critical natural habitats (unless the activity is legally permitted and consistent with management plans for the area)."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We seek to develop relationships with customers that [...] avoid adverse impacts on High Conservation Value forests and use High Carbon Stock Approach assessments where appropriate [...and] avoid operations in UNESCO World Heritage Sites, Ramsar wetlands and critical natural habitats (unless the activity is legally permitted and consistent with management plans for the area)."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We seek to develop relationships with customers that [...] avoid adverse impacts on High Conservation Value forests and use High Carbon Stock Approach assessments where appropriate [...and] avoid operations in UNESCO World Heritage Sites, Ramsar wetlands and critical natural habitats (unless the activity is legally permitted and consistent with management plans for the area)."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We seek to develop relationships with customers that [...] avoid adverse impacts on High Conservation Value forests and use High Carbon Stock Approach assessments where appropriate [...and] avoid operations in UNESCO World Heritage Sites, Ramsar wetlands and critical natural habitats (unless the activity is legally permitted and consistent with management plans for the area)."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We seek to develop relationships with customers that [...] avoid adverse impacts on High Conservation Value forests and use High Carbon Stock Approach assessments where appropriate [...and] avoid operations in UNESCO World Heritage Sites, Ramsar wetlands and critical natural habitats (unless the activity is legally permitted and consistent with management plans for the area)."
        • Assurance mechanism to ensure compliance
          5.6/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Certification scheme (if applicable): RSPO
            Verification method: Certification Scheme
            "We require growers, producers and processors to support Roundtable for Sustainable Palm Oil (RSPO) standards and demonstrate credible progress towards full certification within a satisfactory timeline, and commit to No Deforestation, No Peat and No Exploitation (NDPE) policies. For downstream sectors (manufacturers, traders or retailers) we encourage RSPO membership and procurement of Certified Sustainable Palm Oil (CSPO)."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We require growers, producers and processors to support Roundtable for Sustainable Palm Oil (RSPO) standards and demonstrate credible progress towards full certification within a satisfactory timeline, and commit to No Deforestation, No Peat and No Exploitation (NDPE) policies. For downstream sectors (manufacturers, traders or retailers) we encourage RSPO membership and procurement of Certified Sustainable Palm Oil (CSPO)."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We require growers, producers and processors to support Roundtable for Sustainable Palm Oil (RSPO) standards and demonstrate credible progress towards full certification within a satisfactory timeline, and commit to No Deforestation, No Peat and No Exploitation (NDPE) policies. For downstream sectors (manufacturers, traders or retailers) we encourage RSPO membership and procurement of Certified Sustainable Palm Oil (CSPO)."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We require growers, producers and processors to support Roundtable for Sustainable Palm Oil (RSPO) standards and demonstrate credible progress towards full certification within a satisfactory timeline, and commit to No Deforestation, No Peat and No Exploitation (NDPE) policies. For downstream sectors (manufacturers, traders or retailers) we encourage RSPO membership and procurement of Certified Sustainable Palm Oil (CSPO)."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We require growers, producers and processors to support Roundtable for Sustainable Palm Oil (RSPO) standards and demonstrate credible progress towards full certification within a satisfactory timeline, and commit to No Deforestation, No Peat and No Exploitation (NDPE) policies. For downstream sectors (manufacturers, traders or retailers) we encourage RSPO membership and procurement of Certified Sustainable Palm Oil (CSPO)."
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Commitments must be timebound
          5.4/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Type of policy: Companies set own deadline but must be timebound
            "We require growers, producers and processors to support Roundtable for Sustainable Palm Oil (RSPO) standards and demonstrate credible progress towards full certification within a satisfactory timeline."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We require growers, producers and processors to support Roundtable for Sustainable Palm Oil (RSPO) standards and demonstrate credible progress towards full certification within a satisfactory timeline."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We require growers, producers and processors to support Roundtable for Sustainable Palm Oil (RSPO) standards and demonstrate credible progress towards full certification within a satisfactory timeline."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We require growers, producers and processors to support Roundtable for Sustainable Palm Oil (RSPO) standards and demonstrate credible progress towards full certification within a satisfactory timeline."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "We require growers, producers and processors to support Roundtable for Sustainable Palm Oil (RSPO) standards and demonstrate credible progress towards full certification within a satisfactory timeline [...] For downstream sectors (manufacturers, traders or retailers) we encourage RSPO membership and procurement of Certified Sustainable Palm Oil (CSPO)."
      • Social Considerations
        12/22
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "[Westpac] seek to develop relationships with agribusiness customers that do not:...violate the rights of local communities, such as the principle of free, prior, and informed consent...We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement." 
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "[Westpac] seek to develop relationships with agribusiness customers that do not:...violate the rights of local communities, such as the principle of free, prior, and informed consent...We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement." 
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "[Westpac] seek to develop relationships with agribusiness customers that do not:...violate the rights of local communities, such as the principle of free, prior, and informed consent...We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement." 
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "[Westpac] seek to develop relationships with agribusiness customers that do not:...violate the rights of local communities, such as the principle of free, prior, and informed consent...We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement." 
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "[Westpac] seek to develop relationships with agribusiness customers that do not:...violate the rights of local communities, such as the principle of free, prior, and informed consent...We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement." 
        • Company must respect labour rights
          2.6/5.6
          • Commitment details
            Own operations - Encourage
            1/4
            Commitment details
            Own operations - Encourage
            1/4
            Type of policy: ILO; Discrimination; Forced Labour; Child Labour; Freedom of association
            "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the rights to freedom of association, and the right to be free from discrimination, forced labour, and child labour.
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the rights to freedom of association, and the right to be free from discrimination, forced labour, and child labour.
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the rights to freedom of association, and the right to be free from discrimination, forced labour, and child labour.
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the rights to freedom of association, and the right to be free from discrimination, forced labour, and child labour.
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the rights to freedom of association, and the right to be free from discrimination, forced labour, and child labour.
        • Company must address gender equality issues
          3.6/5.6
          • Commitment details
            Labour rights entire SC - Encourage
            2/4
            Commitment details
            Labour rights entire SC - Encourage
            2/4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the rights to freedom of association, and the right to be free from discrimination, forced labour, and child labour. 
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the rights to freedom of association, and the right to be free from discrimination, forced labour, and child labour. 
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the rights to freedom of association, and the right to be free from discrimination, forced labour, and child labour. 
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the rights to freedom of association, and the right to be free from discrimination, forced labour, and child labour. 
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the rights to freedom of association, and the right to be free from discrimination, forced labour, and child labour. 
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
    • Soy
      43/64
      • Commitment Strength
        32/42
        • Commodity-specific financing policy
          9.4/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Zero net deforestation
            "By 2020 all corporate banking customers whose operations include significant production or processing of palm oil, timber products, or soy in markets at high risk of tropical deforestation can verify that these operations are consistent with zero net deforestation."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "By 2020 all corporate banking customers whose operations include significant production or processing of palm oil, timber products, or soy in markets at high risk of tropical deforestation can verify that these operations are consistent with zero net deforestation."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "By 2020 all corporate banking customers whose operations include significant production or processing of palm oil, timber products, or soy in markets at high risk of tropical deforestation can verify that these operations are consistent with zero net deforestation."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "By 2020 all corporate banking customers whose operations include significant production or processing of palm oil, timber products, or soy in markets at high risk of tropical deforestation can verify that these operations are consistent with zero net deforestation."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "By 2020 all corporate banking customers whose operations include significant production or processing of palm oil, timber products, or soy in markets at high risk of tropical deforestation can verify that these operations are consistent with zero net deforestation."
        • Companies must be legally operated
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "We require all of our customers to comply with applicable local, national, and international ratified laws and regulations, and to adhere to minimum industry standards."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We require all of our customers to comply with applicable local, national, and international ratified laws and regulations, and to adhere to minimum industry standards."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We require all of our customers to comply with applicable local, national, and international ratified laws and regulations, and to adhere to minimum industry standards."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We require all of our customers to comply with applicable local, national, and international ratified laws and regulations, and to adhere to minimum industry standards."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We require all of our customers to comply with applicable local, national, and international ratified laws and regulations, and to adhere to minimum industry standards."
        • Companies must protect priority forests or globally important landscapes
          7.6/9.6
          • Commitment details
            All high priority landscapes - Encourage
            6/8
            Commitment details
            All high priority landscapes - Encourage
            6/8
            "We seek to develop relationships with customers that [...] avoid adverse impacts on High Conservation Value forests and use High Carbon Stock Approach assessments where appropriate [...and] avoid operations in UNESCO World Heritage Sites, Ramsar wetlands and critical natural habitats (unless the activity is legally permitted and consistent with management plans for the area)."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We seek to develop relationships with customers that [...] avoid adverse impacts on High Conservation Value forests and use High Carbon Stock Approach assessments where appropriate [...and] avoid operations in UNESCO World Heritage Sites, Ramsar wetlands and critical natural habitats (unless the activity is legally permitted and consistent with management plans for the area)."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We seek to develop relationships with customers that [...] avoid adverse impacts on High Conservation Value forests and use High Carbon Stock Approach assessments where appropriate [...and] avoid operations in UNESCO World Heritage Sites, Ramsar wetlands and critical natural habitats (unless the activity is legally permitted and consistent with management plans for the area)."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We seek to develop relationships with customers that [...] avoid adverse impacts on High Conservation Value forests and use High Carbon Stock Approach assessments where appropriate [...and] avoid operations in UNESCO World Heritage Sites, Ramsar wetlands and critical natural habitats (unless the activity is legally permitted and consistent with management plans for the area)."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We seek to develop relationships with customers that [...] avoid adverse impacts on High Conservation Value forests and use High Carbon Stock Approach assessments where appropriate [...and] avoid operations in UNESCO World Heritage Sites, Ramsar wetlands and critical natural habitats (unless the activity is legally permitted and consistent with management plans for the area)."
        • Assurance mechanism to ensure compliance
          5.6/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Certification scheme (if applicable): RTRS
            Verification method: Certification Scheme
            "We require growers, producers and processors [of soy] in higher risk geographies to support the Roundtable for Sustainable Soy (RTRS) and demonstrate credible progress towards full certification within a satisfactory timeline. For downstream sectors, namely manufacturers, traders or retailers of soy products, we encourage procurement of certified inputs."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We require growers, producers and processors [of soy] in higher risk geographies to support the Roundtable for Sustainable Soy (RTRS) and demonstrate credible progress towards full certification within a satisfactory timeline. For downstream sectors, namely manufacturers, traders or retailers of soy products, we encourage procurement of certified inputs."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We require growers, producers and processors [of soy] in higher risk geographies to support the Roundtable for Sustainable Soy (RTRS) and demonstrate credible progress towards full certification within a satisfactory timeline. For downstream sectors, namely manufacturers, traders or retailers of soy products, we encourage procurement of certified inputs."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We require growers, producers and processors [of soy] in higher risk geographies to support the Roundtable for Sustainable Soy (RTRS) and demonstrate credible progress towards full certification within a satisfactory timeline. For downstream sectors, namely manufacturers, traders or retailers of soy products, we encourage procurement of certified inputs."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We require growers, producers and processors [of soy] in higher risk geographies to support the Roundtable for Sustainable Soy (RTRS) and demonstrate credible progress towards full certification within a satisfactory timeline. For downstream sectors, namely manufacturers, traders or retailers of soy products, we encourage procurement of certified inputs."
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Commitments must be timebound
          5.4/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Type of policy: Companies set own deadline but must be timebound
            "We require growers, producers and processors in higher risk geographiesx to support the Roundtable for Sustainable Soy (RTRS) and demonstrate credible progress towards full certification within a satisfactory timeline."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We require growers, producers and processors in higher risk geographiesx to support the Roundtable for Sustainable Soy (RTRS) and demonstrate credible progress towards full certification within a satisfactory timeline."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We require growers, producers and processors in higher risk geographiesx to support the Roundtable for Sustainable Soy (RTRS) and demonstrate credible progress towards full certification within a satisfactory timeline."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We require growers, producers and processors in higher risk geographiesx to support the Roundtable for Sustainable Soy (RTRS) and demonstrate credible progress towards full certification within a satisfactory timeline."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "We require growers, producers and processors in higher risk geographiesx to support the Roundtable for Sustainable Soy (RTRS) and demonstrate credible progress towards full certification within a satisfactory timeline. For downstream sectors, namely manufacturers, traders or retailers of soy products, we encourage procurement of certified inputs."
      • Social Considerations
        12/22
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "[Westpac] seek to develop relationships with agribusiness customers that do not:...violate the rights of local communities, such as the principle of free, prior, and informed consent...We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement." 
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "[Westpac] seek to develop relationships with agribusiness customers that do not:...violate the rights of local communities, such as the principle of free, prior, and informed consent...We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement." 
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "[Westpac] seek to develop relationships with agribusiness customers that do not:...violate the rights of local communities, such as the principle of free, prior, and informed consent...We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement." 
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "[Westpac] seek to develop relationships with agribusiness customers that do not:...violate the rights of local communities, such as the principle of free, prior, and informed consent...We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement." 
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "[Westpac] seek to develop relationships with agribusiness customers that do not:...violate the rights of local communities, such as the principle of free, prior, and informed consent...We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement." 
        • Company must respect labour rights
          2.6/5.6
          • Commitment details
            Own operations - Encourage
            1/4
            Commitment details
            Own operations - Encourage
            1/4
            Type of policy: ILO; Discrimination; Forced Labour; Child Labour; Freedom of association
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the rights to freedom of association, and the right to be free from discrimination, forced labour, and child labour. 
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the rights to freedom of association, and the right to be free from discrimination, forced labour, and child labour. 
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the rights to freedom of association, and the right to be free from discrimination, forced labour, and child labour. 
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the rights to freedom of association, and the right to be free from discrimination, forced labour, and child labour. 
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the rights to freedom of association, and the right to be free from discrimination, forced labour, and child labour. 
        • Company must address gender equality issues
          3.6/5.6
          • Commitment details
            Labour rights entire SC - Encourage
            2/4
            Commitment details
            Labour rights entire SC - Encourage
            2/4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the right to be free from discrimination based on gender.
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the right to be free from discrimination based on gender.
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the right to be free from discrimination based on gender.
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the right to be free from discrimination based on gender.
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the right to be free from discrimination based on gender.
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
    • Timber, Pulp & Paper
      45/64
      • Commitment Strength
        32/42
        • Commodity-specific financing policy
          9.4/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Zero net deforestation
            Westpac are committed to establishing internal mechanisms for coporate banking customers producing a significant amount of timber "at high risk of tropical deforestation [to] verify that these operations are consistent with zero net deforestation...Westpac will require growers (forest managers) and processors in higher risk geographies to be compliant with either the Forest Stewardship Council (FSC) or a national scheme endorsed against the 2010 Programme for the Endorsement of Forest Certification (PEFC) meta-standard for timber products by 2020. For manufacturers or retailers of timber products grown in higher risk geographies, we will encourage chain of custody certification under FSC or a national scheme endorsed against the 2010 Programme for the Endorsement of Forest Certification (PEFC) meta-standard for timber products, and / or procurement of certified inputsvii. For traders of timber products grown in higher risk geographies we will encourage procurement of certified inputs."
          • Policy applies to all operations and financing
            Subset
            0.2/0.4
            Policy applies to all operations and financing
            Subset
            0.2/0.4
            Westpac are committed to establishing internal mechanisms for coporate banking customers producing a significant amount of timber "at high risk of tropical deforestation [to] verify that these operations are consistent with zero net deforestation...Westpac will require growers (forest managers) and processors in higher risk geographies to be compliant with either the Forest Stewardship Council (FSC) or a national scheme endorsed against the 2010 Programme for the Endorsement of Forest Certification (PEFC) meta-standard for timber products by 2020. For manufacturers or retailers of timber products grown in higher risk geographies, we will encourage chain of custody certification under FSC or a national scheme endorsed against the 2010 Programme for the Endorsement of Forest Certification (PEFC) meta-standard for timber products, and / or procurement of certified inputsvii. For traders of timber products grown in higher risk geographies we will encourage procurement of certified inputs."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Westpac are committed to establishing internal mechanisms for coporate banking customers producing a significant amount of timber "at high risk of tropical deforestation [to] verify that these operations are consistent with zero net deforestation...Westpac will require growers (forest managers) and processors in higher risk geographies to be compliant with either the Forest Stewardship Council (FSC) or a national scheme endorsed against the 2010 Programme for the Endorsement of Forest Certification (PEFC) meta-standard for timber products by 2020. For manufacturers or retailers of timber products grown in higher risk geographies, we will encourage chain of custody certification under FSC or a national scheme endorsed against the 2010 Programme for the Endorsement of Forest Certification (PEFC) meta-standard for timber products, and / or procurement of certified inputsvii. For traders of timber products grown in higher risk geographies we will encourage procurement of certified inputs."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Westpac are committed to establishing internal mechanisms for coporate banking customers producing a significant amount of timber "at high risk of tropical deforestation [to] verify that these operations are consistent with zero net deforestation...Westpac will require growers (forest managers) and processors in higher risk geographies to be compliant with either the Forest Stewardship Council (FSC) or a national scheme endorsed against the 2010 Programme for the Endorsement of Forest Certification (PEFC) meta-standard for timber products by 2020. For manufacturers or retailers of timber products grown in higher risk geographies, we will encourage chain of custody certification under FSC or a national scheme endorsed against the 2010 Programme for the Endorsement of Forest Certification (PEFC) meta-standard for timber products, and / or procurement of certified inputsvii. For traders of timber products grown in higher risk geographies we will encourage procurement of certified inputs."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Westpac are committed to establishing internal mechanisms for coporate banking customers producing a significant amount of timber "at high risk of tropical deforestation [to] verify that these operations are consistent with zero net deforestation...Westpac will require growers (forest managers) and processors in higher risk geographies to be compliant with either the Forest Stewardship Council (FSC) or a national scheme endorsed against the 2010 Programme for the Endorsement of Forest Certification (PEFC) meta-standard for timber products by 2020. For manufacturers or retailers of timber products grown in higher risk geographies, we will encourage chain of custody certification under FSC or a national scheme endorsed against the 2010 Programme for the Endorsement of Forest Certification (PEFC) meta-standard for timber products, and / or procurement of certified inputsvii. For traders of timber products grown in higher risk geographies we will encourage procurement of certified inputs."
        • Companies must be legally operated
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "We require all of our customers to comply with applicable local, national, and international ratified laws and regulations, and to adhere to minimum industry standards."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We require all of our customers to comply with applicable local, national, and international ratified laws and regulations, and to adhere to minimum industry standards."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We require all of our customers to comply with applicable local, national, and international ratified laws and regulations, and to adhere to minimum industry standards."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We require all of our customers to comply with applicable local, national, and international ratified laws and regulations, and to adhere to minimum industry standards."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We require all of our customers to comply with applicable local, national, and international ratified laws and regulations, and to adhere to minimum industry standards."
        • Companies must protect priority forests or globally important landscapes
          7.6/9.6
          • Commitment details
            All high priority landscapes - Encourage
            6/8
            Commitment details
            All high priority landscapes - Encourage
            6/8
            "We seek to develop relationships with customers that [...] avoid adverse impacts on High Conservation Value forests and use High Carbon Stock Approach assessments where appropriate [...and] avoid operations in UNESCO World Heritage Sites, Ramsar wetlands and critical natural habitats (unless the activity is legally permitted and consistent with management plans for the area)."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We seek to develop relationships with customers that [...] avoid adverse impacts on High Conservation Value forests and use High Carbon Stock Approach assessments where appropriate [...and] avoid operations in UNESCO World Heritage Sites, Ramsar wetlands and critical natural habitats (unless the activity is legally permitted and consistent with management plans for the area)."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We seek to develop relationships with customers that [...] avoid adverse impacts on High Conservation Value forests and use High Carbon Stock Approach assessments where appropriate [...and] avoid operations in UNESCO World Heritage Sites, Ramsar wetlands and critical natural habitats (unless the activity is legally permitted and consistent with management plans for the area)."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We seek to develop relationships with customers that [...] avoid adverse impacts on High Conservation Value forests and use High Carbon Stock Approach assessments where appropriate [...and] avoid operations in UNESCO World Heritage Sites, Ramsar wetlands and critical natural habitats (unless the activity is legally permitted and consistent with management plans for the area)."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We seek to develop relationships with customers that [...] avoid adverse impacts on High Conservation Value forests and use High Carbon Stock Approach assessments where appropriate [...and] avoid operations in UNESCO World Heritage Sites, Ramsar wetlands and critical natural habitats (unless the activity is legally permitted and consistent with management plans for the area)."
        • Assurance mechanism to ensure compliance
          5.6/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Certification scheme (if applicable): FSC
            Verification method: Certification Scheme
            "We require growers (forest managers) and processors to support the Forest Stewardship Council (FSC) or alternatively a national scheme endorsed under the Programme for the Endorsement of Forest Certification (PEFC); and demonstrate credible progress towards full certification within a satisfactory timeline. For downstream sectors, namely manufacturers, traders or retailers of timber products, we encourage procurement of certified inputs."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We require growers (forest managers) and processors to support the Forest Stewardship Council (FSC) or alternatively a national scheme endorsed under the Programme for the Endorsement of Forest Certification (PEFC); and demonstrate credible progress towards full certification within a satisfactory timeline. For downstream sectors, namely manufacturers, traders or retailers of timber products, we encourage procurement of certified inputs."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We require growers (forest managers) and processors to support the Forest Stewardship Council (FSC) or alternatively a national scheme endorsed under the Programme for the Endorsement of Forest Certification (PEFC); and demonstrate credible progress towards full certification within a satisfactory timeline. For downstream sectors, namely manufacturers, traders or retailers of timber products, we encourage procurement of certified inputs."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We require growers (forest managers) and processors to support the Forest Stewardship Council (FSC) or alternatively a national scheme endorsed under the Programme for the Endorsement of Forest Certification (PEFC); and demonstrate credible progress towards full certification within a satisfactory timeline. For downstream sectors, namely manufacturers, traders or retailers of timber products, we encourage procurement of certified inputs."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We require growers (forest managers) and processors to support the Forest Stewardship Council (FSC) or alternatively a national scheme endorsed under the Programme for the Endorsement of Forest Certification (PEFC); and demonstrate credible progress towards full certification within a satisfactory timeline. For downstream sectors, namely manufacturers, traders or retailers of timber products, we encourage procurement of certified inputs."
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Commitments must be timebound
          5.4/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Type of policy: FI has specific deadline for all companies to comply
            "Westpac will require growers (forest managers) and processors in higher risk geographies to be compliant with either the FSC or a national scheme endorsed against PEFC meta-standard for timber products by 2020."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Westpac will require growers (forest managers) and processors in higher risk geographies to be compliant with either the FSC or a national scheme endorsed against PEFC meta-standard for timber products by 2020."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Westpac will require growers (forest managers) and processors in higher risk geographies to be compliant with either the FSC or a national scheme endorsed against PEFC meta-standard for timber products by 2020."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Westpac will require growers (forest managers) and processors in higher risk geographies to be compliant with either the FSC or a national scheme endorsed against PEFC meta-standard for timber products by 2020."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Westpac will require growers (forest managers) and processors in higher risk geographies to be compliant with either the FSC or a national scheme endorsed against PEFC meta-standard for timber products by 2020."
      • Social Considerations
        14/22
        • Company must ensure Free, Prior and Informed Consent
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "[Westpac] seek to develop relationships with agribusiness customers that do not:...violate the rights of local communities, such as the principle of free, prior, and informed consent...We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement." 
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "[Westpac] seek to develop relationships with agribusiness customers that do not:...violate the rights of local communities, such as the principle of free, prior, and informed consent...We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement." 
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "[Westpac] seek to develop relationships with agribusiness customers that do not:...violate the rights of local communities, such as the principle of free, prior, and informed consent...We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement." 
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "[Westpac] seek to develop relationships with agribusiness customers that do not:...violate the rights of local communities, such as the principle of free, prior, and informed consent...We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement." 
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "[Westpac] seek to develop relationships with agribusiness customers that do not:...violate the rights of local communities, such as the principle of free, prior, and informed consent...We will not knowingly finance agribusiness customers that are not in compliance with these standards. Where a customer group also operates in other sectors, we will not knowingly provide finance, directly in support of its companies that are not compliant with this position statement." 
        • Company must respect labour rights
          4.6/5.6
          • Commitment details
            Entire supply chain - Encourage
            3/4
            Commitment details
            Entire supply chain - Encourage
            3/4
            Type of policy: ILO; Discrimination; Forced Labour; Child Labour; Freedom of association
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the rights to freedom of association, and the right to be free from discrimination, forced labour, and child labour. 
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the rights to freedom of association, and the right to be free from discrimination, forced labour, and child labour. 
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the rights to freedom of association, and the right to be free from discrimination, forced labour, and child labour. 
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the rights to freedom of association, and the right to be free from discrimination, forced labour, and child labour. 
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the rights to freedom of association, and the right to be free from discrimination, forced labour, and child labour. 
        • Company must address gender equality issues
          3.6/5.6
          • Commitment details
            Labour rights entire SC - Encourage
            2/4
            Commitment details
            Labour rights entire SC - Encourage
            2/4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the right to be free from discrimination based on gender.
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the right to be free from discrimination based on gender.
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the right to be free from discrimination based on gender.
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the right to be free from discrimination based on gender.
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "We seek to "We seek to develop relationships with customers that [...] Uphold the rights of workers, including the right to fair wages and working conditions, in accordance with our Human Rights Position Statement", which includes the right to be free from discrimination based on gender.
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
  • Reporting & Implementation
    3/20
    • Policy is reviewed and updated
      0/5
    • Companies must disclose subsidiaries in commodity supply chains
      0/5
    • Monitoring and non-compliance process
      3/5
      Monitoring compliance
      Yes - General non-compliance statement
      3/5
      "We may make the decision not to on-board organisations as customers where, in our opinion, they do not adhere to the requirements of this position statement. With respect to existing customer relationships, we may look to exit this relationship in circumstances where the relevant organisation is not adhering to this position statement and where we do not believe that they are prepared to address any identified issues responsibly."
    • Reporting on implementation of the policy
      0/5
  • Commitment strength
    29/42
    Avg. score
  • Social considerations
    11/22
    Avg. score

Profile

Westpac are an Australian-based banking group providing banking and financial services to private, corporate and institutional customers. Their services include retail banking, corporate financing, wealth management, capital markets, investments and insurance. As of 2017, Westpac’s total assets amounted to more than 830 billion AUD with more than 660 billion AUD in gross loans to customers. Westpac are among the top 55 lenders to Forest 500 companies, with more than 4 billion USD of loans in companies across a broad range of forest risk sectors.

 

HQ
HQ 
Australia
Financial institution type
Financial institution type 
Asset management, Bank, Insurance Company

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.