Westpac Banking Corporation (1 Oct 2024 – 31 Dec 2024)
| Signing Date | 04 Jun 2003 |
| Region of Headquarters: | Asia-Oceania |
| Current EPFI Reporting Year/Period: | 1 Oct 2024 - 31 Dec 2024 |
| Institutional Reporting: | Link to Report |
Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the EP website.
Further information on this EPFI may be obtained through the Institutional Reporting hyperlink.
Project Finance Advisory Services
Total number mandated in the reporting period: 0
Project Finance Transactions
Total number that reached Financial Close in the reporting period: 9
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | 1 | ||
| Infrastructure | 2 | ||
| Oil & Gas | |||
| Power | 6 | ||
| Others | |||
| Region | |||
| Americas | 1 | ||
| Europe, Middle East & Africa | |||
| Asia Pacific | 1 | 6 | 1 |
| Country Designation | |||
| Designated Country 4 | 1 | 6 | 2 |
| Non Designated Country | |||
| Both | |||
| Independent Review | |||
| Yes | 1 | 6 | 2 |
| No | |||
| Totals | 1 | 6 | 2 |
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
Category B – Projects with potential limited adverse environmental and social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures.
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment.
Project-related Refinance & Project-related Acquisition For Project Finance
Total number that reached Financial Close in the reporting period: 0
Project Name Reporting For Project Finance (And Project-related Refinance & Project-related Acquisition Finance For Project Finance)
| No. | Project Name | Sector | Project Location(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | Global Power Generation Australia Portfolio | Power | Australia | 2024 |
| 2 | Williamsdale BESS | Power | Australia | 2024 |
| 3 | Latrobe University, Bundoora Clinical Teaching Building | Infrastructure | Australia | 2024 |
| 4 | Wattle 2 Portfolio | Power | Australia | 2024 |
| 5 | Transmission Operations Australia 3 | Power | Australia | 2024 |
| 6 | Cubico Wambo Wind Farm Stage 1 | Power | Australia | 2024 |
| 7 | Cubico Wambo Wind Farm Stage 2 | Power | Australia | 2024 |
| 8 | Digital Carver Brickyard Data Centre | Infrastructure | United States | 2024 |
| 9 | Mardie Salt and Potash Project | Mining | Australia | 2024 |
Project-Related Corporate Loans
Total number that reached Financial Close in the reporting period: 0
Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans
Total number that reached Financial Close in the reporting period: 0
Implementation of the Equator Principles
An Independent Review of Westpac´s EP Implementation was completed in February 2026, however details were not included in public implementation reporting. No material issues were noted, with a summary of the findings as follows:
- There were no deficiencies observed in how the Project Finance team indicates projects to be in-scope or otherwise.
- Project Finance assessments conducted by independent advisors provide sufficient information for all internal worksheets to be completed, which comprehensively assess all EP requirements.
- Ongoing monitoring and reporting obligations under the EPs are appropriately addressed within loan documentation, as applicable.
- Internal procedures pertaining to EP implementation are considered appropriate.
- We have no recommendations for improvements, at this time.