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Westpac Banking Corp (ASX:WBC) has won the title of world's most sustainable corporation at the World Economic Forum in Davos, Switzerland.
The lender ranked first from 100 corporations, which participated in a data driven corporate sustainability assessment.
Westpac chief executive Gail Kelly says social, environmental and economic responsibility were part of the bank's culture.
The bank has implemented a sustainability strategy that includes measures such as committing $6 billion towards lending and investing in clean tech and environmental services by 2017.
So far the bank has focused on renewable energy, including two major wind farms and a solar farm.
Westpac Banking Corporation reported net profit of $6.89 billion in the 2013 financial year.
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Last
$38.60 |
Change
0.120(0.31%) |
Mkt cap ! $131.9B | |||
| Open | High | Low | Value | Volume |
| $38.40 | $38.75 | $38.27 | $42.53M | 1.103M |
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| No. | Vol. | Price($) |
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| 12 | 1590 | $38.59 |
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| Price($) | Vol. | No. |
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| WBC (ASX) Chart |