Bushfire Appeals
News  | 

Bank Tops Corporate Responsibility Index

Thursday, 21st April 2005 at 1:04 pm
Staff Reporter
Westpac has scored first place in an international benchmarking survey that measures corporate responsibility.

Thursday, 21st April 2005
at 1:04 pm
Staff Reporter



Bank Tops Corporate Responsibility Index
Thursday, 21st April 2005 at 1:04 pm

Westpac has scored first place in an international benchmarking survey that measures corporate responsibility, maintaining its top ranking in the second Australian Corporate Responsibility Index.

The Australian bank also outperforming 133 companies in the UK.

The results of the Corporate Responsibility Index were published this month in The Sydney Morning Herald and The Age. UK results were revealed in the Sunday Times.

In the Australian index, Westpac was followed closely by BP, BHP Billiton, Rio Tinto and Toyota Australia.

Westpac rated a near perfect score of 99.53%. BP came second at 93.21% and BHP Billiton was third with 92.71%.

The overall average score of companies on the Australian index was 81.88% well up on last year’s average of 77 %.

While it was expected that the Australian bank would achieve a high ranking in Australia, its stellar performance in the UK came as some surprise to Westpac CEO Dr David Morgan.

Dr Morgan said that for Westpac, corporate responsibility is about behaving in a responsible, ethical and trustworthy fashion.

“He said that fundamentally people want to work for an organisation that has a set of values that are aligned to their own values. In financial services our customers want to deal with a company they can trust.

Executive Director of St James Ethics Centre Dr Longstaff said that Westpac’s top scores in both Australia and the United Kingdom demonstrate that Australian companies can compete in this area of activity with the world’s best, including those that have been driven to perform by a challenging regulatory environment.

The St James Ethics Centre acts as the ‘trustee’ overseeing the integrity of the survey process and is not involved in the task of rating companies.

Close analysis of results took place during the 6th National Business Leaders Forum on Sustainable Development, in Melbourne on Tuesday 5 April 2005.

The Forum provided an opportunity for senior decision-makers from Australia’s corporate sector, state and federal governments, and non-government organisations active in the field of sustainable development to ensure global competitiveness by propelling Australian society towards sustainability. The theme of the 2005 Forum was Champions of a Sustainable Future.

The results of the benchmarking survey can also be found at www.corporate-responsibility.com.au

Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au

Tags : Survey,


Get more stories like this


Write a Reply or Comment

Your email address will not be published. Required fields are marked *


How is the community sector faring in 2019? Have your say

Wendy Williams

Wednesday, 30th October 2019 at 3:07 pm

Case study: Using creative methods to assess a major event

Geoff Mulgan

Monday, 29th July 2019 at 4:04 pm

Launch of Global NGO Tech Survey

Wendy Williams

Tuesday, 5th March 2019 at 8:40 am


NDIS not yet in tune with the needs of participants

Luke Michael

Monday, 20th January 2020 at 4:46 pm

What impact will the bushfire crisis have on homelessness?

Luke Michael

Wednesday, 15th January 2020 at 4:28 pm

Centralised disaster fund dismissed by charities sector

Maggie Coggan

Friday, 24th January 2020 at 5:32 pm

New fund paves the way for impact investment in the charity sector

Luke Michael

Friday, 17th January 2020 at 4:34 pm

Bushfire Appeals
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!