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Westpac Banking Corporation (ASX:WBC) has achieved a perfect score in an international ratings system compiled by a company owned by the Financial Times and the London Stock Exchange.
The FTSE4Good Index Series aims to rank the performance of over 2,300 public global companies that meet globally recognised corporate responsibility standards.
Westpac was one of only four international companies that achieved a perfect store, and the only company from Australia.
Among the ninety local companies that were assessed, some of the highest results were from National Australia Bank Ltd (ASX:NAB), global miners BHP Billiton Ltd (ASX:BHP), Rio Tinto Ltd (ASX:RIO), gaming company Tabcorp Holdings Ltd (ASX:TAH) and insurer’s QBE Insurance Group Ltd (ASX:QBE) and Insurance Australia Group (ASX:IAG).
From the 26 countries ranked Australia took the 15th spot, coming in higher than the US and Canada but lower than the UK.
Companies were judged on their approach to environmental management and climate change, human rights and supply chain labour standards, corporate governance and tackling bribery.
In the 2010 financial year Westpac generated a net profit of $6.4 billion.
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