Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Westpac launches first NZ Social Impact Report

For immediate release

13 September 2004

Westpac launches first Social Impact Report in New Zealand

Westpac has today launched its inaugural Social Impact Report, believed to be the first such report to be issued by a bank in New Zealand.

The report, titled How We Measure Up, is a frank, 118-page, independently audited self-assessment of Westpac’s social, economic and environmental impacts. To be produced every year from 2004, the report was launched in Christchurch, with further launch functions to be held in Auckland and Wellington later this month.

How We Measure Up contains a wealth of detailed information about Westpac’s policies and performance indicators relating to customers, staff, the communities where Westpac operates, its financial reporting and environmental impacts. It also introduces Westpac policies and practices in the Pacific.

The report builds upon the publication in late 2003 of I Never Knew You Cared – Westpac’s initial public statement of intent about why it considered a commitment to Corporate Social Responsibility to be so important.

Westpac CEO Ann Sherry said that more than 130 staff and external stakeholders’ had had input into I Never Knew You Cared. “What they told us about what they expected from Westpac as a sound corporate citizen was reflected in that first booklet. That has now been embedded in this Social Impact Report, How We Measure Up, being launched today.”

“Performance measures that our staff, customers and community and other organisations thought were important are a key part of the new document. Those who took the time to contribute to the report can see that we listened, as Employee Indicators and New Zealand Indicators are clearly marked in the contents pages,” Ann Sherry said.

“It was vital that this joint approach happen because it is not enough for Westpac to think that CSR is important. For it to truly matter, our staff, customers and the communities where we operate must think so, too.”

“We welcome feedback and suggestions on how we can develop our reporting for future editions,” Ann Sherry said.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>


Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>


CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>


Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>


Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>