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The world's most sustainable bank named - and it's Aussie

12 Sep 2017

Westpac has been ranked the world’s most sustainable bank, according to the recently published 2017 Dow Jones Sustainability Indices (DJSI) review.

Retaining its position for the fourth consecutive year, this is the 10th time Westpac has received the global sustainability leadership position.

Westpac NZ chief executive David McLean says the accolade recognises the strong culture around sustainability issues that permeates every aspect of the Westpac business.

“Some people think sustainability is purely about environmental initiatives, but it’s also about addressing social and economic issues.”

“So, while we’re doing things like reducing our carbon footprint and increasing lending to clean technology businesses, we’re also focused on improving New Zealanders’ lives through initiatives like our Managing your Money community workshops,” McLean adds.

This year, Westpac achieved a DJSI score of 94%. S&P Dow Jones Indices and RobecoSAM, a sustainability investment specialist, rated Westpac's performance strongest in the following areas:

  • Corporate citizenship
  • Business risks and opportunities
  • Environmental and social reporting
  • Climate strategy
  • Anti-crime policy
  • Materiality
  • Labour practices.

McLean continues, “Just last night, we hosted the fifth annual Women of Influence Awards with Fairfax Media as a way of promoting the achievements of leading women.” 

“Similarly, we also champion diversity within the bank and now have more than half of our leadership roles held by women.”

The DJSI RobecoSAM Corporate Sustainability Assessment is a global evaluation of how companies manage and perform in social, economic and environmental divisions.  

The Assessment reviews business management practices, such as climate change mitigation, corporate community investment, and environmental performance.

Representing the gold standard for corporate sustainability, DJSI is an index for tracking sustainable organisations based on RobecoSAM’s annual analysis of financially material Environmental, Social, and Governance (ESG) factors and S&P DJI's index methodology.

Every year, RobecoSAM assesses the world's largest organisations with its Corporate Sustainability Assessment (CSA), which uses a consistent, rules-based methodology to convert an average of 600 data points per company into one overall score.

This score determines inclusion in the DJSI.

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ANZ Bank named winner of Red Hat awards for APAC region
ANZ Bank has been named the winner for the A/NZ region in the digital transformation and cloud-native development categories at the Red Hat APAC Innovation Awards 2020. The winners of each category were selected based on their Red Hat deployments and how open-source platforms improved their productivity and business outlook. ANZ deployed multiple Red Hat solutions this year to be the foundation of their internet banking platform after its previous core banking application passed its end of life date. Subsequently, the company adopted a containerised platform to remain architecturally aligned with the core banking platform upgrade path. With Red Hat’s solutions, ANZ was able to process A$2.9 billion of scheduled payments within the first hour if implementing Red Hat OpenShift. During the peak hour of the first day of deployment, the company saw an increase in the number of internet banking users, and was running 30% of its customer traffic on the new platform within four months. “The improved internet banking technology capabilities ensure our customers have the tools they need to easily complete their online banking so they can spend more time running their business or enjoying life,” says ANZ tech area lead - digital Raghavendra Bhat. “Collaborating with Red Hat to use its open-source solutions means we can meet the scalability, reliability, supportability and security requirements to host our internet banking platform. “Together we were able to build deployment pipelines that enable us to reuse code, rapidly test and retest deployment, as well as meet the stringent performance and volume testing criteria.” The OpenShift solution enables the bank to run faster across multiple channels, serving its 2.4 million active internet banking customers. Regulatory compliance surrounding continued availability of critical customer-facing systems is achieved, with an 80% reduction in unplanned outage time for internet banking after implementation of Red Hat solutions. “2020 has been a year of uncertainties – but also possibilities,” says Red Hat senior vice president and general manager Dirk-Peter van Leeuwen. “It’s inspiring to see how organisations in Asia Pacific are using open source to quickly and effectively meet changing market landscapes and consumer demands. “Congratulations to this year’s winners, who we believe will become role models to other organisations looking for ideas to transform their business. “We look forward to working with our customers to help them address the many real challenges our customers face today, and unlock the unlimited possibilities of taking the business forward.”More