Bushfire Appeals
MEDIA, JOBS & RESOURCES for the COMMON GOOD

Aussie Banking Giants ‘Most Ethical’


Wednesday, 3rd April 2013 at 9:14 am
Staff Reporter
Two of Australia’s top four banking giants have topped a list of the world’s most ethical companies.

Wednesday, 3rd April 2013
at 9:14 am
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Aussie Banking Giants ‘Most Ethical’
Wednesday, 3rd April 2013 at 9:14 am

Two of Australia’s top four banking giants have topped a list of the world’s most ethical companies.

The Westpac Group has been listed on the 2013 World’s Most Ethical (WME) Companies list; it’s sixth year in a row.

This year 145 companies made the list, 43 headquartered outside the United States.

Joining the Westpac Group in representing Australia on the list was the National Australia bank (NAB), for the third year in a row.

Head of Sustainability at the Westpac Group Alison Ewings said they were proud to be recognised on the WME list once again and that it was a terrific endorsement of their sustainability strategy.

“The strategy focuses on making a meaningful difference on emerging societal issues including demographic and cultural change, environmental challenges, and sustainable wealth creation,” she said.

“It is this long-term view that is central to building a strong bank to help customers, communities and our people prosper."

The WME Companies list states that it acknowledges companies that “truly go beyond making statements about doing business "ethically" and translate those words into action”.

“WME honorees not only promote ethical business standards and practices internally, they exceed legal compliance minimums and shape future industry standards by introducing best practices today.”

The WME Advisory Panel assess companies on the following criteria and weighting to determine their score:

  • Ethics and Compliance Program (25%)
  • Reputation, Leadership and Innovation (20%)
  • Governance (10%)
  • Corporate Citizenship and Responsibility (25%)
  • Culture of Ethics (20%)

View the full list of companies here. 

See the methodology in more detail here.
 




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


Write a Reply or Comment

Your email address will not be published.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



YOU MAY ALSO LIKE

The world rallies to help Australia in its time of need

Luke Michael

Friday, 10th January 2020 at 2:57 pm

It’s the most wonderful time of the year… to be sustainable

Maggie Coggan

Thursday, 19th December 2019 at 8:29 am

Your vodka on the rocks could save the planet

Maggie Coggan

Saturday, 16th November 2019 at 12:00 pm

POPULAR

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

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

Luke Michael

Friday, 17th January 2020 at 4:34 pm

The rise (and scepticism) of Facebook fundraisers

Maggie Coggan

Thursday, 16th January 2020 at 8:49 am

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!