Westpac NZ has been serving New Zealanders since 1861 and is today one of the country’s largest full service banks with more than 1.3 million customers.
Our mission is to help people financially, to grow a better New Zealand. We provide a full range of retail and commercial financial services including home and business lending, funds management, life insurance and treasury services. We are committed to improving the social, environmental and economic wellbeing of all New Zealanders.
One of the biggest impacts Westpac NZ can have is by using our financial expertise to help customers and New Zealanders manage their money. Equally, we recognise that investment will play a key role in addressing climate change and we are committed to taking action in this area.
"When businesses unite around a central goal, it creates real momentum to change. One of the things that binds all of our organisations together is a love for our country and a desire to make it a great place to live - for us and for future generations. By working together on a future that is focussed on low emissions, and sustainable innovation and practices, we can all play our part towards improving the country’s prosperity and to continuing to make it a desirable place to live.
"Westpac wants to encourage other businesses to think about and plan for climate change now, not only from a risk perspective, but also for the growth opportunities it presents to many parts of the economy. Smart companies should start focusing on those opportunities as part of their business strategy.
"[I would like] To see cross-party support of a Zero Carbon Bill and the establishment of an independent Climate Change Commission."
David McLean, Westpac, CEO
David McLean is an experienced banker who is the Chief Executive Officer, Westpac New Zealand Ltd. David joined Westpac in February 1999 to head the Debt Capital Markets group in New Zealand. He was appointed Head of Westpac Institutional Bank New Zealand in January 2004 and in 2009, he was also appointed as General Manager for Private, Wealth and Insurance.
In 2012, David transferred to New York as a Head of the Americas for the Westpac Banking Corporation. In June 2014, David returned to Westpac New Zealand Ltd to take up the role of acting Chief Executive Officer.
On 2nd February 2015, David was appointed to the permanent role of Chief Executive Officer, Westpac New Zealand Ltd. Before joining Westpac, David worked as a lawyer in private practice and as in‐house counsel for Natwest, before joining the Capital Markets Group of Southpac/National Bank in 1988.
Joining Deutsche Morgan Grenfell in 1994, David was responsible for starting and developing a new debt capital markets origination business. He also established the NZ branch of Deutsche Bank and was New Zealand Resident Branch Manager. David has a LLB (Hons) from Victoria University of Wellington.
Our aspiration is to lead New Zealand’s transition to a resilient, low emissions economy that continues to grow to the benefit of future generations. Climate change is a major threat to our environment, economy and wellbeing. But it also presents opportunities – for new jobs, new technologies and new services. We believe the finance sector has a major role to play. Our goals are to reduce our own carbon footprint and help New Zealand take action on climate change.
The Sustainable Finance Forum, one of the six domains under the Aotearoa Circle, is co-chaired by NZ Super Fund's Matt Whineray and Westpac’s GM Corporate & Institutional, Karen Silk. It will look into the role financial institutions have to play in getting investment and capital moving to the right parts of the economy.
Since 2012 we have lent $1.6 billion to businesses that reduce negative environmental impacts including renewable energy, green buildings, forestry, low carbon transport and waste reduction. Our 2020 target commits us to making up to $2 billion available to environmental solutions.
The research, commissioned by Westpac and carried out by EY and Vivid Economics, finds New Zealand could be $30 billion better off if early and consistent action is taken to help keep global warming to less than two degrees Celsius. Find out more
Westpac is the only New Zealand bank to publish its exposures to both the fossil fuel and the clean technology and environmental services (CleanTech) sectors. Find out more
We are the first institution to make a market under the New Zealand Emissions Trading Scheme (NZETS), which help NZ to meet its emission reduction targets at the lowest possible cost. Our Energy Efficient Lease product helps our Cleantech customers’ to reduce their energy costs and carbon footprint.
The latest news from Westpac.
16 Apr 2019 | Mountainscene
16 Apr 2019 | IT Brief
16 Apr 2019 | Contact Energy
15 Apr 2019 | Newsroom
12 Apr 2019 | NZ Adviser
12 Apr 2019 | Toyota
10 Apr 2019 | Stuff
9 Apr 2019 | Transport Talk
8 Apr 2019 | Stuff
8 Apr 2019 | Idealog
5 Apr 2019 | Stuff
5 Apr 2019 | NZ Herald
3 Apr 2019 | Transport Talk
2 Apr 2019 | NBR
2 Apr 2019 | The Spinoff
1 Apr 2019 | Otago Daily Times
1 Apr 2019 | Watercare
29 Mar 2019 | Fujitsu
When Fujitsu moved to a new office in Auckland, it wanted to reduce its impact on the environment. Since the move, energy use has been cut by 64%, 24 tonnes of CO2e been saved annually, and more than 8,250kg of eWaste diverted from landfill.
28 Mar 2019 | Enviro-Mark Solutions
28 Mar 2019 | Stuff
27 Mar 2019 | Meridian Energy
26 Mar 2019 | Synlait
25 Mar 2019 | Transport Talk
24 Mar 2019 | Stuff
21 Mar 2019 | NZ Herald
18 Mar 2019 | Stuff
18 Mar 2019 | EV Talk
18 Mar 2019 | Ricoh
18 Mar 2019 | Our Auckland
14 Mar 2019 | Dryland Carbon
11 Mar 2019 | Stuff
11 Mar 2019 | Naylor Love
8 Mar 2019 | NBR
5 Mar 2019 | Fonterra
4 Mar 2019 | Meridian Energy
1 Mar 2019 | Vector
28 Feb 2019 | NBR
27 Feb 2019 | Bloomberg
22 Feb 2019 | Vector
18 Feb 2019 | Meridian
Electrifying our vehicle fleet is one way that we can demonstrate our commitment, and also learn – and then share those learnings with the broader business community.
18 Feb 2019 | The Warehouse Group
15 Feb 2019 | Stuff
15 Feb 2019 | The Warehouse Group
13 Feb 2019 | SKYCITY
13 Feb 2019 | Scoop
12 Feb 2019 | Toyota
11 Feb 2019 | Enviro-Mark Solutions
7 Feb 2019 | Vector
7 Feb 2019 | Stuff
25 Jan 2019 | Wright Communications
22 Jan 2019 | Meridian Energy
22 Jan 2019 | Ports of Auckland
22 Jan 2019 | Vector
22 Jan 2019 | Maori Television
18 Jan 2019 | Air New Zealand
10 Jan 2019 | Architecture Now
10 Jan 2019 | ANZ
9 Jan 2019 | Thinkstep
7 Jan 2019 | Stuff
5 Jan 2019 | Stuff
20 Dec 2018 | Auckland Council
19 Dec 2018 | Vector
19 Dec 2018 | Stuff
18 Dec 2018 | Fonterra
18 Dec 2018 | Waikato Business News
17 Dec 2018 | Farmers Weekly
10 Dec 2018 | Sustainable Business Council
7 Dec 2018 | Ecostore
Most plastic is made from non-renewable petrochemicals. The extraction process and conversion into plastic releases carbon into the atmosphere, adding to climate change. So in 2014 we challenged ourselves to find a packaging alternative that goes beyond reducing emissions, and actually takes carbon out of the atmosphere. We found a packaging solution that can help to combat climate change. It’s plastic made from sugarcane.
6 Dec 2018 | Meridian Energy
6 Dec 2018 | Z Energy
4 Dec 2018 | Meridian Energy; Westpac
4 Dec 2018 | Ports of Auckland
3 Dec 2018 | Enviro-Mark Solutions
29 Nov 2018 | KPMG
29 Nov 2018 | Countdown
29 Nov 2018 | Toyota New Zealand
28 Nov 2018 | Enviro-Mark Solutions
28 Nov 2018 | Stuff
27 Nov 2018 | NZ Post
To assist our path finding we have developed a ‘decarbonisation roadmap’ that will help guide actions across the business – not just in operations – but in the way the whole organisation thinks about reducing carbon. From People teams to IT to Procurement, everyone will need to be involved.
26 Nov 2018 | Ngāi Tahu Holdings
23 Nov 2018 | IAG
Reducing energy use in our commercial buildings is an important part of our response to climate change. That’s why we are proud that our Christchurch office currently has the highest NABERSNZ whole building rating in New Zealand.
21 Nov 2018 | Orion
20 Nov 2018 | Suncorp New Zealand
20 Nov 2018 | Auckland Council
19 Nov 2018 | Countdown
19 Nov 2018 | Fonterra
16 Nov 2018 | 4sight Consulting
15 Nov 2018 | Wellington Zoo
13 Nov 2018 | Auckland Council
8 Nov 2018 | thinkstep
7 Nov 2018 | SKYCITY Entertainment Group
7 Nov 2018 | Flick
31 Oct 2018 | Waste Management
30 Oct 2018 | Vector
26 Oct 2018 | TIL Logistics Group
12 Oct 2018 | Vector
10 Oct 2018 | Mondiale
Mondiale Freight Services Ltd, a leading New Zealand based International Freight Forwarding, Warehousing and Logistics Company, is committed to operating in a sustainable manner and is actively working to reduce its carbon footprint.
9 Oct 2018 | Waste Management
4 Oct 2018 | Ecostore
Ecostore has announced that more than 80% of its packaging is made with renewable, sustainable sugar, and thanks to this significant investment, ecostore has helped save 4,485 tonnes of carbon from being released into the atmosphere since the company converted its packaging from petrochemical plastic to biobased ‘sugar’ plastic four years ago. The total savings achieved to date are equivalent to the amount of carbon emitted during 8,500 car journeys from Cape Reinga to Bluff.
27 Sep 2018 |
With new signatories including Auckland Council, Auckland Transport, Panuku Development Auckland and Otago Polytechnic, the Coalition is pleased to welcome the first local council and first educational institution to join the growing ranks of organisations wanting to commit to climate action. Read more
27 Sep 2018 | WSP Opus
21 Sep 2018 | Auckland Council
21 Sep 2018 | Vector
11 Sep 2018 | Z Energy
Read about Z Energy’s approach to sustainability reporting and the lessons they’ve learned along the way.
5 Sep 2018 | 4sight Consulting
4 Sep 2018 | NZ Herald
4 Sep 2018 | Z Energy
4 Sep 2018 | Toyota New Zealand
22 Aug 2018 | Ravensdown
20 Aug 2018 | Otago Polytechnic
27 Jul 2018 | Auckland Airport
25 Jul 2018 | Climate Leaders Coalition
17 Jul 2018 | TIL Logistics Group
16 Jul 2018 | Kiwi Property
16 Jul 2018 | Synlait
16 Jul 2018 | Stuff
13 Jul 2018 | Kiwirail
12 Jul 2018 | Climate Leaders Coalition
12 Jul 2018 | Meridian Energy
Business leaders embrace the opportunity of a low-carbon future, says Meridian. Meridian Energy is proud to be one of 60 businesses that today have signed the CEO Climate Change Statement, the first step taken by the Climate Leaders Coalition to drive positive change. Read more
12 Jul 2018 | Climate Leaders Coalition
60 businesses making up nearly fifty percent of New Zealand’s emissions have joined forces to tackle the issue of climate change.
It’s a significant move by the New Zealand business community, being praised as “strong” and “unprecedented” by local and global organisations.
On a mission to reduce emissions in New Zealand, the group of 60 CEOs have formed the Climate Leaders Coalition, recognising the role that business can play in bringing about change and signing a joint statement, which commits their companies to action. Read more
12 Jul 2018 | Climate Leaders Coalition
Supporting the announcement of the Climate Leaders Coalition and the signing of the CEO Climate Change Statement, the following document has been created to provide an overview of the Coalition, the case for a low emissions economy, and the background of Coalition members, business leaders, and their sentiment and action in this space. Read more
12 Jul 2018 | Ravensdown
Ravensdown is one of 60 leading New Zealand businesses whose CEOs have signed a commitment to measure and publicly report their greenhouse gas emissions and work with suppliers to reduce their emissions.
12 Jul 2018 | Skycity
12 Jul 2018 | Spark
12 Jul 2018 | Deloitte
12 Jul 2018 | 3R
12 Jul 2018 | Ports of Auckland
12 Jul 2018 | NZ Post
12 Jul 2018 | KiwiRail
12 Jul 2018 | Vector
12 Jul 2018 | Climate Leaders Coalition