Westpac

About Westpac

Policy assessment

5%

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Bank's Policy

Animal Farming & Food Production
5%

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

We seek to develop relationships with customers that:
- Treat livestock with due care, in compliance with relevant jurisdictional animal welfare regulations and in line with industry best practices
We seek to support customers to:
- Adopt better management practices and technologies - particularly animal welfare, land and soil management, labour and community rights, biodiversity protection, emissions management and water use

Comments on score: The bank asks clients to treat livestock with care, and adopt welfare policies, but it does not define this, nor is it a requirement.

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

not covered

Comments on score: not covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

We seek to develop relationships with customers that:
- Treat livestock with due care, in compliance with relevant jurisdictional animal welfare regulations and in line with industry best practices

Comments on score: not covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

We seek to develop relationships with customers that:
- Treat livestock with due care, in compliance with relevant jurisdictional animal welfare regulations and in line with industry best practices

Comments on score: not covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

We seek to develop relationships with customers that:
- Treat livestock with due care, in compliance with relevant jurisdictional animal welfare regulations and in line with industry best practices

Comments on score: not covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

We seek to develop relationships with customers that:
- Treat livestock with due care, in compliance with relevant jurisdictional animal welfare regulations and in line with industry best practices

Comments on score: not covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

not covered

Comments on score: not covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

For specific industries we seek to develop relationships with customers that demonstrate commitment to the following:
Other agro-commodities e.g. grains and oilseeds, livestock and livestock products, horticulture, forestry products and fisheries products:
- adopt better management practices to reduce and minimise environmental and social impacts, and where appropriate, achieve certification under credible standards.

Comments on score: The bank does not require reporting on animal welfare

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

not covered

Comments on score: not covered

Assessed policy

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not covered

Comments on score: not covered

Animal Testing
0%

Assessed policy

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not covered

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not covered

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Assessed policy

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not covered

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Pets, Entertainment and Fashion
0%

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not covered

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Assessed policy

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not covered

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Assessed policy

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not covered

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Assessed policy

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not covered

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Governance
12%

Assessed policy

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not covered

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Assessed policy

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not covered

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Assessed policy

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not covered

Comments on score: not covered

Assessed policy

Extract of the policy that covers, or comes closest to covering this criterium

We are committed to supporting our agribusiness customers to build more sustainable and resilient farms. So we have developed a Sustainable Farm Loan that encourages our farmers to achieve the Westpac Sustainable Farm Standard …
What’s included in the Sustainable Farm Standard? … Animal welfare: Make sure the health and welfare of farm stock through the right management practices and appropriate staff training.
Westpac Sustainable Farm Standard … is equivalent to the Sustainable Agriculture Finance Initiative (SAFI) Phase One Guidance for Livestock.
SAFI Phase One Guidance:
Animal Health and Welfare 1. Comply with the Animal Welfare Act 1999 and relevant animal welfare codes and regulations issued under the Animal Welfare Act, including providing for the physical health and behavioural needs of animals in your care and care for animals under the five freedoms ((aa) proper and sufficient food: (ab) proper and sufficient water: (b) adequate shelter: (c) opportunity to display normal patterns of behaviour:(d) physical handling in a manner which minimises the likelihood of unreasonable or unnecessary pain or distress: (e) protection from, and rapid diagnosis of, any significant injury or disease.) 2. Use an animal health plan, reviewed annually in consultation with a qualified veterinarian, to better plan and manage animal health. 3. Ensure that all animals have access to adequate natural shade and shelter at all times of the year, regardless of where they are, e.g. on winter grazing blocks. Where shade and shelter cannot be provided, a long-term investment plan is in place to improve this. 4. Farm staff receive sufficient training to implement animal health policies and care for animals.

Comments on score: WestPac has a sustainable loan scheme for agriculture that includes animal welfare, but it only seems to apply in New Zealand

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