Westpac has been named the world’s most sustainable bank.
The lender ranked first out of 190 banks according to the 2011 Dow Jones Sustainability Index (DJSI).
The DJSI is based on an assessment of each company's economic, environmental and social performance and influences the decisions of asset managers who use it as a benchmark for sustainable investment portfolios.
Westpac chief executive Gail Kelly said she was pleased to be recognised as the global banking leader in the DJSI for 2011.
“It is a clear testament to the extent that the organisation and our staff have embedded sustainability into every aspect of our operations,” she said.
"It is important for Westpac’s approach on sustainability to be deeply aligned with our values, our business processes and our strategy. This will ensure that we continue to deliver long term benefits to our customers, employees, shareholders and the wider community”.
Westpac has been recognised as the DJSI global leader for banks since 2002, including sector leadership from 2002-2007, it has regained its sector leadership status this year.