Westpac Banking Corp
Westpac Banking Energy Data Preview
In 2024, Westpac Banking disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Westpac Banking disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
Finally, Westpac Banking also reported the types of energy sources as well as generation technologies, helping stakeholders evaluate Westpac Banking's reliance on fossil fuels versus cleaner alternatives.
| Metric (GJ) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Non-renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Electricity Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
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Insights into Westpac Banking's Energy Renewability
In 2024, Westpac Banking consumed a total of 415,164 Gigajoules of energy across its operations. Of this total, 78.98% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 21.02% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.
Westpac Banking's Energy Renewability Rate
How much of Westpac Banking's energy consumed is renewable?
In 2024, Westpac Banking consumed a total of 415,164 Gigajoules of energy, of which 78.98% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.
This high level of renewable energy use suggests that Westpac Banking has taken strong steps toward decarbonizing its energy supply and reducing its dependence on fossil fuels.
Are Westpac Banking's energy practices becoming more sustainable?
Since 2022, Westpac Banking's total energy consumption decreased by 18.15%, including a further 9.3% drop in 2024, highlighting a continued decline in energy use.
Over the same period, the share of renewable energy in Westpac Banking's consumption increased by 80.63%, including a 35.17% increase in 2024, showing consistent progress in clean energy adoption.
Overall, Westpac Banking has reduced its total energy consumption while steadily increasing its use of renewables, reflecting a strong commitment to reducing its energy-related environmental footprint.
Westpac Banking's Renewable vs Non-renewable Energy Over Time
- Renewable Energy Consumed
- Non-renewable Energy Consumed
Insights into Westpac Banking's Energy Consumption & Production Mix
In 2024, Westpac Banking disclosed detailed information on the sources and generation technologies of the energy it consumed. This disclosure enables a clearer assessment of the Westpac Banking's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.
Westpac Banking's Energy Consumed by Sources and Technologies
What are the main sources and generation technologies behind Westpac Banking's energy consumption?
In 2024, Westpac Banking's total energy consumption was primarily sourced from
- Solar Energy and Electricity (Unspecified Source) (82.42%)
- Transport Fuel (13.42%)
- Diesel, Liquefied Petroleum Gas (LPG) and Piped Natural Gas (PNG) (4.17%)
How diverse is Westpac Bankingās energy consumption mix?
In 2024, Westpac Banking consumed energy from 4 different sources or generation technologies, indicating a highly concentrated energy mix, with Solar Energy and Electricity (Unspecified Source) alone accounting for 82.42% of total consumption.