Westpac has partnered with Monash University’s Sustainable Development Institute and ClimateWorks Australia to upskill its bankers on environmental, social and governance (ESG) issues to better support customers in the transition to a lower emissions economy.
The program will launch in February with more than 800 employees across the country, from areas including business banking, institutional banking and risk, will participate in the program.
Chief Executive of Westpac Institutional Bank, Anthony Miller, said Australia’s transition to net zero by 2050 will create a significant boost to Australia’s economy, including job creation.
“However, for many businesses, particularly small to medium enterprises and those at the start of their transition journeys, they’re not quite sure where to start,” Mr Miller said.
“Investing in education, so our bankers have a deeper knowledge of risks and opportunities in different industries, ensures our customers get the best support as the economy transitions to net zero.
“Our Australian corporate and SME customers have told us they value the help we can provide in this space, particularly small to medium enterprises and those at the start of their transition journeys.”
Anna Skarbek, CEO ClimateWorks Australia, said banks have a key role in driving Australia’s transition to net zero, supporting their customers on their individual journeys and solutions for a cleaner economy.
Associate Professor Annette Bos, Director Education of Monash Sustainable Development Institute, said the program will translate the knowledge and insights the university has built up on key social and environmental issues into practical take-aways for bankers.
