Westpac only Australian bank to receive global sustainability accolade
Westpac Banking Corporation was the only Australian bank to be recognised as one of the 2010 'Global 100 Most Sustainable Corporations.'
The sixth annual Global 100 list of the most sustainable corporations in the world, was announced during the Davos World Economic Forum in Switzerland. Westpac Banking Corporation was ranked as the 15th most sustainable corporation on the list.
Proud of the achievement
Graham Paterson, Head of Sustainability and Community, The Westpac Group, says this recognition again reinforces the good progress we are making against our sustainability strategy, balancing the needs of our customers, employees, investors, and our community.”
‘Being named as one of the 100 Most Sustainable Corporations globally, differentiates us from our competitors and is an accolade we deeply value” says Graham.
Ranking the top 100
Toby Heaps, Editor-in Chief of Corporate Knights Magazine says, “By using clear metrics to show investors which companies stand out from their peers, we hope to create a virtuous cycle where the most sustainable companies attract the most capital and earn the best returns.”
Only nine Australian companies were listed in the Global 100 for 2010.
To determine this year’s global list out of a possible 3000 contenders, companies were ranked transparently by a set of ten objective sustainability indicators.
In addition to social indicators such as the decision to incorporate sustainability in Executive performance indicators and diversity of board directors, the 2010 Global 100 established and measured companies against their approach to minimise their environmental impacts in the area of energy, carbon, water and waste.
More information: http://www.global100.org/
Corporate Knights Media Release.
