Westpac to Stop Providing Bond Facilitation for Certain Institutional Customers With Revenue Linked to Thermal Coal Mining

MT Newswires Live12-02

Westpac Banking (ASX:WBC, NZE:WBC) said it has zero corporate lending and will no longer provide bond facilitation for institutional customers with at least 15% of their three-year rolling average revenue coming directly from thermal coal mining as of Sept. 30, in line with its sustainability customer requirements, according to a Tuesday Australian bourse filing.

The bank's sustainability strategy is focused on the climate transition, housing affordability, and regional prosperity.

The bank remained the largest financier to renewable projects in Australia between Oct. 1, 2024, and Sept. 30, according to IJGlobal and Westpac Research data. It reported a 37% increase in sustainable finance lending.

It seeks to partner with customers to implement green, transition, social, or sustainability activities by providing AU$55 billion in sustainable lending and AU$40 billion in sustainable bond facilitation activities by 2030.

The bank's New Zealand shares added 1% in recent Tuesday trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2588700908?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-02 09:51","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2588700908","market":"sh","top_or_hot":-1,"title":"Westpac to Stop Providing Bond Facilitation for Certain Institutional Customers With Revenue Linked to Thermal Coal Mining","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/WBCPI.AU\">Westpac Banking</a> (ASX:WBC, NZE:WBC) said it has zero corporate lending and will no longer provide bond facilitation for institutional customers with at least 15% of their three-year rolling average revenue coming directly from thermal coal mining as of Sept. 30, in line with its sustainability customer requirements, according to a Tuesday Australian bourse filing.</p><p>The bank's sustainability strategy is focused on the climate transition, housing affordability, and regional prosperity.</p><p>The bank remained the largest financier to renewable projects in Australia between Oct. 1, 2024, and Sept. 30, according to IJGlobal and Westpac Research data. It reported a 37% increase in sustainable finance lending.</p><p>It seeks to partner with customers to implement green, transition, social, or sustainability activities by providing AU$55 billion in sustainable lending and AU$40 billion in sustainable bond facilitation activities by 2030.</p><p>The bank's New Zealand shares added 1% in recent Tuesday trade.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Westpac to Stop Providing Bond Facilitation for Certain Institutional Customers With Revenue Linked to Thermal Coal Mining</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWestpac to Stop Providing Bond Facilitation for Certain Institutional Customers With Revenue Linked to Thermal Coal Mining\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-12-02 09:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/WBCPI.AU\">Westpac Banking</a> (ASX:WBC, NZE:WBC) said it has zero corporate lending and will no longer provide bond facilitation for institutional customers with at least 15% of their three-year rolling average revenue coming directly from thermal coal mining as of Sept. 30, in line with its sustainability customer requirements, according to a Tuesday Australian bourse filing.</p><p>The bank's sustainability strategy is focused on the climate transition, housing affordability, and regional prosperity.</p><p>The bank remained the largest financier to renewable projects in Australia between Oct. 1, 2024, and Sept. 30, according to IJGlobal and Westpac Research data. It reported a 37% increase in sustainable finance lending.</p><p>It seeks to partner with customers to implement green, transition, social, or sustainability activities by providing AU$55 billion in sustainable lending and AU$40 billion in sustainable bond facilitation activities by 2030.</p><p>The bank's New Zealand shares added 1% in recent Tuesday trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CUBI","symbol_name":"Customers Bancorp Inc.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2588700908","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588700908","pubTimestamp":1764640277,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Westpac Banking  said it has zero corporate lending and will no longer provide bond facilitation for institutional customers with at least 15% of their three-year rolling average revenue coming directly from thermal coal mining as of Sept. 30, in line with its sustainability customer requirements, according to a Tuesday Australian bourse filing.The bank's sustainability strategy is focused on the climate transition, housing affordability, and regional prosperity.The bank remained the largest financier to renewable projects in Australia between Oct. 1, 2024, and Sept. 30, according to IJGlobal and Westpac Research data. It reported a 37% increase in sustainable finance lending.It seeks to partner with customers to implement green, transition, social, or sustainability activities by providing AU$55 billion in sustainable lending and AU$40 billion in sustainable bond facilitation activities by 2030.The bank's New Zealand shares added 1% in recent Tuesday trade.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CUBI":"Customers Bancorp Inc.","WBC.NZ":"Westpac Banking Corporation Ordinary Shares"},"translate_title":"西太平洋银行将停止为某些收入与动力煤开采相关的机构客户提供债券便利","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WBC.NZ":1.5,"US10Y.BOND":1.5,"US12M.BOND":1.5,"US30Y.BOND":1.5,"CUBI":1.5,"US6M.BOND":1.5,"US5Y.BOND":1.5,"US3Y.BOND":1.5,"US7Y.BOND":1.5,"US2Y.BOND":1.5},"content_text":"Westpac Banking (ASX:WBC, NZE:WBC) said it has zero corporate lending and will no longer provide bond facilitation for institutional customers with at least 15% of their three-year rolling average revenue coming directly from thermal coal mining as of Sept. 30, in line with its sustainability customer requirements, according to a Tuesday Australian bourse filing.The bank's sustainability strategy is focused on the climate transition, housing affordability, and regional prosperity.The bank remained the largest financier to renewable projects in Australia between Oct. 1, 2024, and Sept. 30, according to IJGlobal and Westpac Research data. It reported a 37% increase in sustainable finance lending.It seeks to partner with customers to implement green, transition, social, or sustainability activities by providing AU$55 billion in sustainable lending and AU$40 billion in sustainable bond facilitation activities by 2030.The bank's New Zealand shares added 1% in recent Tuesday trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2588700908","isCrawlerRequest":true}