Westpac Banking Corp
Westpac Banking's GHG Emissions Data Preview
In 2024, Westpac Banking completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).
However, Westpac Banking has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Westpac Banking's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Westpac Banking amounted to 57,640 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Westpac Banking decreased by 14.02%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
Westpac Banking's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Westpac Banking's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Westpac Banking were 6,262 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Westpac Banking reduced its Scope 1 emissions over time?
Since 2021, Westpac Banking's Scope 1 emissions have decreased by 20.24%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2023), Westpac Banking's Scope 1 emissions decreased by 4.53%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are Westpac Banking's Scope 2 emissions?
In 2024, Westpac Banking reported Scope 2 greenhouse gas (GHG) emissions of 2,303 tCOâ‚‚e using the market-based method, and 51,378 tCOâ‚‚e using the location-based method.
Has Westpac Banking reduced its Scope 2 emissions over time?
Compared to the previous year (2023), Westpac Banking's Scope 2 emissions (Location-Based) fell by 15.05% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.
What methodology does Westpac Banking use for Scope 2 reporting?
In 2024, Westpac Banking reported its Scope 2 emissions using the market-based method and using the location-based method.
Westpac Banking's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Westpac Banking's Value Chain Emissions
In 2024, Westpac Banking reported 70,069 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2024 disclosure of Westpac Banking includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, down from 1 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.
Westpac Banking's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Westpac Banking's Scope 3 emissions?
In 2024, Westpac Banking reported total Scope 3 emissions of 70,069 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Westpac Banking reduced its Scope 3 emissions over time?
Since 2021, Westpac Banking's Scope 3 emissions have remained relatively stable, indicating that Westpac Banking 's emissions have plateaued with no significant change in its value chain footprint.
Compared to the previous year (2023), Westpac Banking's Scope 3 emissions decreased by 99.82%, highlighting the company's efforts to lower indirect emissions from its value chain.
Insights into Westpac Banking's Total Carbon Footprint
In 2024, Westpac Banking reported a total carbon footprint of 127,709 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 99.68% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.
The largest contributor to Westpac Banking's total carbon footprint was Scope 3 emissions, accounting for 54.87% of the company's total carbon footprint, followed by Scope 2 emissions at 40.23%.