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ISCOVER
Staff Reporter
Westpac has today announced its plans to launch an $8 billion sustainability strategy that will “address the most pressing issues in society”.
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According to a statement from the lender, Westpac will invest $6 billion in clean technology and environmental services lending and a further $2 billion will be invested in lending for social and affordable housing.
Westpac group executive Christine Parker said the bank wanted to set big targets and “raise awareness of these issues and challenge everybody to do more”.
“We have been working towards our sustainability goals over the past 15 years and I’m proud of what we’ve achieved,” Ms Parker said.
“We want to do more than simply sustain the status quo; we want to create a better future.
“Our new strategic focus is to anticipate and shape the most pressing emerging issues where we have the skills and experience to make a meaningful difference.
“We believe that the world is changing and that people need to think differently. As one of the strongest and largest companies in our region we have an opportunity to lead the debate. However, we want to respond in a way that benefits not only our business, but our customers and the wider community.”
