Westpac Case Study

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Costs and benefits of sustainable company
In order to become a sustainable company, Westpac has to focus on three priority areas, including the response to demographic and cultural change, the consideration of environmental problems and the better financial futures for their customers. According to the Annual Report in 2015 , Westpac admitted that all of these objectives to address three problems are computed in the minimized costs, which can maximize benefits for not only shareholders but also employees and customers. From the embracing societal change, the first action is to ‘ensure Westpac’s workforce is representative of the community’ . Regarding to the Westpac’s report in 2015, the proportion of women in leadership roles has risen 2%, …show more content…

With respect to ensure the secure retirement, although the proportion of the Westpac Group customers accounted to 7.4% in 2013, this rate will climb to 8.1% in 2015. Therefore, with an upward trend, Westpac hope that they can achieve their targets of 10% of Westpac Group superannuation in 2017. In addition, ‘the social and affordable housing sector increased to $1.02 billion during the year, in line with the commitment to make up to $2 billion available to this sector by 2017’ . This action not only ‘helps government explore the best way to source the capital but also enhances by working with community housing providers’ …show more content…

According to evaluation of experts, Westpac has sustainable development which helps them held the top of the list of the world’s most sustainable companies. Apart from good performance about suitability, Westpac gains positive result about profitability and solvency, because they have professional work team and the talented leadership of CEO and management. Of course, Westpac considerably take care of employees and customers due to the fact that they have potential human resources which make company consolidate position and reputation in the complex market at present. Overall, Westpac convergences essential factors helping them raise financial performance and non – financial performance so that the company always remain top position about ability to running well their

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