Post on 07-Sep-2018
200 years proudly supporting Australia
Climate Bond Framework
NOTE:
All images are held in templated
image placeholders.
They can be changed by simply
selecting and deleting the image,
then selecting a new one.
Note that you will have to “send
to back” or “bring forward”
imagery as necessary.
To move the image around in the
placeholder, just select the
image, right click and select
CROP.
Select image and move as
necessary.
There is a semi-transparent
white shape that will need to
always be placed on top of the
very back image.
There are red placement lines at
the top of this slide should you
ever need to move and replace
the wedge.
Westpac Banking Corporation
ABN 33 007 457 141
Dow Jones Sustainability Indices Number one bank globally in 2017,
for the 4th year in a row and the 10th time
since the index was established
FONT SIZES
IDP TEMPLATE Charts: 10pt │Tables: 12pt │ Text boxes: 12pt │ Text box headings: 14pt
R73
G87
B97
R228
G26
B18
R175
G38
B22
R73
G19
B56
R147
G147
B147
R84
G49
B78
R59
G12
B44
R139
G15
B9
R104
G9
B6
R44
G9
B33
R120
G120
B120
R42
G52
B58
Below is the chart colour sequence. If your chart has more than 12 series‘ you will need to manually colour the additional series.
Westpac Red,
used as the HIGHLIGHT colour
LINES AND ARROWS
Lines are solid black or red, 1.5pt
Arrows are block style to fit text inside, see
‘pullout boxes and arrows’ elements slide
Body – 12pt Arial Regular sentence case
• Bullet – 12pt Arial Regular
Second Bullet – 12pt Arial Regular
Heading – 14pt Times New Roman Bold Note – 10pt Arial Regular
Text boxes have 0.0cm margin on all sides
These are your 5 levels of styles.
To move through the different styles, select the text and press
TAB. To return to the previous style, press SHIFT + TAB.
If you are on a blank line, use the Increase or Decrease Indent
buttons on the Home tab
Chart heading text boxes have 0.25cm margin on left
All text is black. No grey text
Use the shapes supplied in the ‘Editable Elements’ section.
Never skew the shape. Resize proportionally in order to keep the
angles of the curves on each side.
To create a longer wave shape, resize proportionally and join
multiple shapes together with aligning and grouping.
E.g. these:
Become:
TEXT
SHAPES
GRID
To show the grid, right click the slide and
select ‘Grids and Guidelines’ > ‘Guides”
Subheading in charts is 10pt bold
Text in charts is 10pt TABLES
Headings 12pt bold all CAPS
Heading divider line 1.5pt red
All other horizontal lines .75pt grey
Total line same as heading
All text 12pt where possible, reduced
where required to a minimum of 8pt
CHART HEADINGS
The heading box should sit 0.2cm indented from
the top and right side of the chart background box.
1 line heading box = 0.8cm height
2 line heading box = 1.2cm height
Height must remain consistent, width will vary.
Most layouts use a one line heading box, you can
manually paste a two line heading box over this
area. Select from the pre-made options on ‘chart
title text boxes’ slide in the ‘Editable Elements’
section.
NOTE: All content placeholders are adaptable. If a placeholder already contains (for example) a bar chart, this
can be deleted to insert a table, text, image or other content. The template is very flexible. There are a lot of
layout options provided, manipulate them as needed to suit your content but if it’s not looking right, you can
always ‘Reset’ the slide to revert back to the templated layout.
Guides
Notes that are specific to a certain
layout will be placed here
R77
G77
B79
Westpac Grey,
not used in charts
Text inside
13.80 4.80 4.40 0.20 0.20 4.40 4.80 13.80
8.40
7.00
0.40
0.80
8.20
10.00
Divisional colours
Consumer
R228
G26
B18
WIB
R84
G49
B78
BTFG
R0
G175
B215
New Zealand
R175
G38
B22
Business
R139
G15
B9
Westpac primary colours
R177
G189
B197
R247
G161
B157
R251
G154
B144
R233
G172
B214
R212
G212
B212
R199
G160
B193
60% tint colours
2 Westpac Climate Change Solutions and Climate Bond Framework
Westpac Climate Change Solutions Overview
Westpac Climate Bond Framework
Eligible Projects and Use of Proceeds
Process for Project Evaluation and Selection
Management of Proceeds
Reporting
1
2
3
4
5
6
FONT SIZES
IDP TEMPLATE Charts: 10pt │Tables: 12pt │ Text boxes: 12pt │ Text box headings: 14pt
R73
G87
B97
R228
G26
B18
R175
G38
B22
R73
G19
B56
R147
G147
B147
R84
G49
B78
R59
G12
B44
R139
G15
B9
R104
G9
B6
R44
G9
B33
R120
G120
B120
R42
G52
B58
Below is the chart colour sequence. If your chart has more than 12 series‘ you will need to manually colour the additional series.
Westpac Red,
used as the HIGHLIGHT colour
LINES AND ARROWS
Lines are solid black or red, 1.5pt
Arrows are block style to fit text inside, see
‘pullout boxes and arrows’ elements slide
Body – 12pt Arial Regular sentence case
• Bullet – 12pt Arial Regular
Second Bullet – 12pt Arial Regular
Heading – 14pt Times New Roman Bold Note – 10pt Arial Regular
Text boxes have 0.0cm margin on all sides
These are your 5 levels of styles.
To move through the different styles, select the text and press
TAB. To return to the previous style, press SHIFT + TAB.
If you are on a blank line, use the Increase or Decrease Indent
buttons on the Home tab
Chart heading text boxes have 0.25cm margin on left
All text is black. No grey text
Use the shapes supplied in the ‘Editable Elements’ section.
Never skew the shape. Resize proportionally in order to keep the
angles of the curves on each side.
To create a longer wave shape, resize proportionally and join
multiple shapes together with aligning and grouping.
E.g. these:
Become:
TEXT
SHAPES
GRID
To show the grid, right click the slide and
select ‘Grids and Guidelines’ > ‘Guides”
Subheading in charts is 10pt bold
Text in charts is 10pt TABLES
Headings 12pt bold all CAPS
Heading divider line 1.5pt red
All other horizontal lines .75pt grey
Total line same as heading
All text 12pt where possible, reduced
where required to a minimum of 8pt
CHART HEADINGS
The heading box should sit 0.2cm indented from
the top and right side of the chart background box.
1 line heading box = 0.8cm height
2 line heading box = 1.2cm height
Height must remain consistent, width will vary.
Most layouts use a one line heading box, you can
manually paste a two line heading box over this
area. Select from the pre-made options on ‘chart
title text boxes’ slide in the ‘Editable Elements’
section.
NOTE: All content placeholders are adaptable. If a placeholder already contains (for example) a bar chart, this
can be deleted to insert a table, text, image or other content. The template is very flexible. There are a lot of
layout options provided, manipulate them as needed to suit your content but if it’s not looking right, you can
always ‘Reset’ the slide to revert back to the templated layout.
Guides
Notes that are specific to a certain
layout will be placed here
R77
G77
B79
Westpac Grey,
not used in charts
Text inside
13.80 4.80 4.40 0.20 0.20 4.40 4.80 13.80
8.40
7.00
0.40
0.80
8.20
10.00
Divisional colours
Consumer
R228
G26
B18
WIB
R84
G49
B78
BTFG
R0
G175
B215
New Zealand
R175
G38
B22
Business
R139
G15
B9
Westpac primary colours
R177
G189
B197
R247
G161
B157
R251
G154
B144
R233
G172
B214
R212
G212
B212
R199
G160
B193
60% tint colours
Westpac Climate Change Solutions Overview
Climate Change Solutions
• Westpac Group has long recognised that climate change is one of the most significant issues that will impact the long-term
prosperity of our economy and way of life.
• We are focussed on providing finance to back Climate Change Solutions
Building on the climate change scenario analysis Westpac completed in 2016, we have set our targets based on the current outlook for
investment in climate change solutions that is required to remain on a credible pathway to a net zero emissions outcome by 2050. We
define climate change solutions as those technologies and practices that are consistent with the investment required to limit global
warming to less than two degrees and address its impacts
Westpac’s plan to provide finance to back climate change solutions encompasses the total direct and indirect financing of customers to the
extent they are involved in the activities outlined in the eligible criteria, and those that broadly align with the Climate Bond Initiatives (CBI)
taxonomy
As a founding signatory to the Equator Principles, where an asset is financed by project finance, Westpac agreed to provide loans only for
projects whose sponsors can demonstrate their ability and willingness to comply with processes that ensure they are developed in a
socially responsible manner, according to sound environmental management practices.
• Westpac Climate Bonds
Westpac issues Climate Bonds as part of its commitment to facilitate up to $3 billion in climate change solutions by 2020, e.g. green bond
issuance and arrangement
The procedures outlined in our Climate Bond Framework document set out the process for regular tracking of the climate bond issuance
and asset allocation pool. On issuance of a climate bond the climate bond net proceeds will be invested in line with our climate change
solutions strategic focus and Climate Change Action Plan.
https://www.westpac.com.au/about-westpac/investor-centre/fixed-income-investors/
3
FONT SIZES
IDP TEMPLATE Charts: 10pt │Tables: 12pt │ Text boxes: 12pt │ Text box headings: 14pt
R73
G87
B97
R228
G26
B18
R175
G38
B22
R73
G19
B56
R147
G147
B147
R84
G49
B78
R59
G12
B44
R139
G15
B9
R104
G9
B6
R44
G9
B33
R120
G120
B120
R42
G52
B58
Below is the chart colour sequence. If your chart has more than 12 series‘ you will need to manually colour the additional series.
Westpac Red,
used as the HIGHLIGHT colour
LINES AND ARROWS
Lines are solid black or red, 1.5pt
Arrows are block style to fit text inside, see
‘pullout boxes and arrows’ elements slide
Body – 12pt Arial Regular sentence case
• Bullet – 12pt Arial Regular
Second Bullet – 12pt Arial Regular
Heading – 14pt Times New Roman Bold Note – 10pt Arial Regular
Text boxes have 0.0cm margin on all sides
These are your 5 levels of styles.
To move through the different styles, select the text and press
TAB. To return to the previous style, press SHIFT + TAB.
If you are on a blank line, use the Increase or Decrease Indent
buttons on the Home tab
Chart heading text boxes have 0.25cm margin on left
All text is black. No grey text
Use the shapes supplied in the ‘Editable Elements’ section.
Never skew the shape. Resize proportionally in order to keep the
angles of the curves on each side.
To create a longer wave shape, resize proportionally and join
multiple shapes together with aligning and grouping.
E.g. these:
Become:
TEXT
SHAPES
GRID
To show the grid, right click the slide and
select ‘Grids and Guidelines’ > ‘Guides”
Subheading in charts is 10pt bold
Text in charts is 10pt TABLES
Headings 12pt bold all CAPS
Heading divider line 1.5pt red
All other horizontal lines .75pt grey
Total line same as heading
All text 12pt where possible, reduced
where required to a minimum of 8pt
CHART HEADINGS
The heading box should sit 0.2cm indented from
the top and right side of the chart background box.
1 line heading box = 0.8cm height
2 line heading box = 1.2cm height
Height must remain consistent, width will vary.
Most layouts use a one line heading box, you can
manually paste a two line heading box over this
area. Select from the pre-made options on ‘chart
title text boxes’ slide in the ‘Editable Elements’
section.
NOTE: All content placeholders are adaptable. If a placeholder already contains (for example) a bar chart, this
can be deleted to insert a table, text, image or other content. The template is very flexible. There are a lot of
layout options provided, manipulate them as needed to suit your content but if it’s not looking right, you can
always ‘Reset’ the slide to revert back to the templated layout.
Guides
Notes that are specific to a certain
layout will be placed here
R77
G77
B79
Westpac Grey,
not used in charts
Text inside
13.80 4.80 4.40 0.20 0.20 4.40 4.80 13.80
8.40
7.00
0.40
0.80
8.20
10.00
Divisional colours
Consumer
R228
G26
B18
WIB
R84
G49
B78
BTFG
R0
G175
B215
New Zealand
R175
G38
B22
Business
R139
G15
B9
Westpac primary colours
R177
G189
B197
R247
G161
B157
R251
G154
B144
R233
G172
B214
R212
G212
B212
R199
G160
B193
60% tint colours
Westpac Climate Change Solutions Overview cont.
Climate Change Solutions
• Climate Change Solutions activities are those which
Have been specifically identified as such (refer to the list below)
Broadly align with the Climate Bond Initiatives (CBI) taxonomy
Comply with the Equator Principles where asset is financed by project finance
• Climate Change Solutions should include but are not limited to
Renewable energy
Energy efficiency technologies
Green buildings
Low-carbon transport
Waste
Water
Carbon abatement and sequestration projects
Forestry and land rehabilitation
Adaptation infrastructure
• Our climate change position statement and action plan builds on our strong track
record, outlining the next phase of actions we are taking to meet our commitment
to operate in a manner consistent with limiting global warming to less than two
degrees Celsius above pre-industrial levels
Find out more at https://www.westpac.com.au/about-westpac/sustainability/
4
White Rock Wind Farm
Image of Hallett Wind Farm courtesy of AGL Energy
FONT SIZES
IDP TEMPLATE Charts: 10pt │Tables: 12pt │ Text boxes: 12pt │ Text box headings: 14pt
R73
G87
B97
R228
G26
B18
R175
G38
B22
R73
G19
B56
R147
G147
B147
R84
G49
B78
R59
G12
B44
R139
G15
B9
R104
G9
B6
R44
G9
B33
R120
G120
B120
R42
G52
B58
Below is the chart colour sequence. If your chart has more than 12 series‘ you will need to manually colour the additional series.
Westpac Red,
used as the HIGHLIGHT colour
LINES AND ARROWS
Lines are solid black or red, 1.5pt
Arrows are block style to fit text inside, see
‘pullout boxes and arrows’ elements slide
Body – 12pt Arial Regular sentence case
• Bullet – 12pt Arial Regular
Second Bullet – 12pt Arial Regular
Heading – 14pt Times New Roman Bold Note – 10pt Arial Regular
Text boxes have 0.0cm margin on all sides
These are your 5 levels of styles.
To move through the different styles, select the text and press
TAB. To return to the previous style, press SHIFT + TAB.
If you are on a blank line, use the Increase or Decrease Indent
buttons on the Home tab
Chart heading text boxes have 0.25cm margin on left
All text is black. No grey text
Use the shapes supplied in the ‘Editable Elements’ section.
Never skew the shape. Resize proportionally in order to keep the
angles of the curves on each side.
To create a longer wave shape, resize proportionally and join
multiple shapes together with aligning and grouping.
E.g. these:
Become:
TEXT
SHAPES
GRID
To show the grid, right click the slide and
select ‘Grids and Guidelines’ > ‘Guides”
Subheading in charts is 10pt bold
Text in charts is 10pt TABLES
Headings 12pt bold all CAPS
Heading divider line 1.5pt red
All other horizontal lines .75pt grey
Total line same as heading
All text 12pt where possible, reduced
where required to a minimum of 8pt
CHART HEADINGS
The heading box should sit 0.2cm indented from
the top and right side of the chart background box.
1 line heading box = 0.8cm height
2 line heading box = 1.2cm height
Height must remain consistent, width will vary.
Most layouts use a one line heading box, you can
manually paste a two line heading box over this
area. Select from the pre-made options on ‘chart
title text boxes’ slide in the ‘Editable Elements’
section.
NOTE: All content placeholders are adaptable. If a placeholder already contains (for example) a bar chart, this
can be deleted to insert a table, text, image or other content. The template is very flexible. There are a lot of
layout options provided, manipulate them as needed to suit your content but if it’s not looking right, you can
always ‘Reset’ the slide to revert back to the templated layout.
Guides
Notes that are specific to a certain
layout will be placed here
R77
G77
B79
Westpac Grey,
not used in charts
Text inside
13.80 4.80 4.40 0.20 0.20 4.40 4.80 13.80
8.40
7.00
0.40
0.80
8.20
10.00
Divisional colours
Consumer
R228
G26
B18
WIB
R84
G49
B78
BTFG
R0
G175
B215
New Zealand
R175
G38
B22
Business
R139
G15
B9
Westpac primary colours
R177
G189
B197
R247
G161
B157
R251
G154
B144
R233
G172
B214
R212
G212
B212
R199
G160
B193
60% tint colours
5 Westpac Climate Bond Framework
Westpac Climate Bond Framework
Eligible Projects and Use of Proceeds
Process for Project Evaluation and Selection
Management of Proceeds
Reporting
3
4
5
6
2
FONT SIZES
IDP TEMPLATE Charts: 10pt │Tables: 12pt │ Text boxes: 12pt │ Text box headings: 14pt
R73
G87
B97
R228
G26
B18
R175
G38
B22
R73
G19
B56
R147
G147
B147
R84
G49
B78
R59
G12
B44
R139
G15
B9
R104
G9
B6
R44
G9
B33
R120
G120
B120
R42
G52
B58
Below is the chart colour sequence. If your chart has more than 12 series‘ you will need to manually colour the additional series.
Westpac Red,
used as the HIGHLIGHT colour
LINES AND ARROWS
Lines are solid black or red, 1.5pt
Arrows are block style to fit text inside, see
‘pullout boxes and arrows’ elements slide
Body – 12pt Arial Regular sentence case
• Bullet – 12pt Arial Regular
Second Bullet – 12pt Arial Regular
Heading – 14pt Times New Roman Bold Note – 10pt Arial Regular
Text boxes have 0.0cm margin on all sides
These are your 5 levels of styles.
To move through the different styles, select the text and press
TAB. To return to the previous style, press SHIFT + TAB.
If you are on a blank line, use the Increase or Decrease Indent
buttons on the Home tab
Chart heading text boxes have 0.25cm margin on left
All text is black. No grey text
Use the shapes supplied in the ‘Editable Elements’ section.
Never skew the shape. Resize proportionally in order to keep the
angles of the curves on each side.
To create a longer wave shape, resize proportionally and join
multiple shapes together with aligning and grouping.
E.g. these:
Become:
TEXT
SHAPES
GRID
To show the grid, right click the slide and
select ‘Grids and Guidelines’ > ‘Guides”
Subheading in charts is 10pt bold
Text in charts is 10pt TABLES
Headings 12pt bold all CAPS
Heading divider line 1.5pt red
All other horizontal lines .75pt grey
Total line same as heading
All text 12pt where possible, reduced
where required to a minimum of 8pt
CHART HEADINGS
The heading box should sit 0.2cm indented from
the top and right side of the chart background box.
1 line heading box = 0.8cm height
2 line heading box = 1.2cm height
Height must remain consistent, width will vary.
Most layouts use a one line heading box, you can
manually paste a two line heading box over this
area. Select from the pre-made options on ‘chart
title text boxes’ slide in the ‘Editable Elements’
section.
NOTE: All content placeholders are adaptable. If a placeholder already contains (for example) a bar chart, this
can be deleted to insert a table, text, image or other content. The template is very flexible. There are a lot of
layout options provided, manipulate them as needed to suit your content but if it’s not looking right, you can
always ‘Reset’ the slide to revert back to the templated layout.
Guides
Notes that are specific to a certain
layout will be placed here
R77
G77
B79
Westpac Grey,
not used in charts
Text inside
13.80 4.80 4.40 0.20 0.20 4.40 4.80 13.80
8.40
7.00
0.40
0.80
8.20
10.00
Divisional colours
Consumer
R228
G26
B18
WIB
R84
G49
B78
BTFG
R0
G175
B215
New Zealand
R175
G38
B22
Business
R139
G15
B9
Westpac primary colours
R177
G189
B197
R247
G161
B157
R251
G154
B144
R233
G172
B214
R212
G212
B212
R199
G160
B193
60% tint colours
Westpac Climate Bond Framework
Climate Bond Framework
• Westpac Climate Bonds support the commitment we have had to sustainability and managing our environmental impacts for more than
20 years. Information is available at our website on how sustainability is part of doing business at Westpac, as well as our annual
sustainability reports
• Westpac’s Climate Bond framework was developed to reflect the Green Bond Principles (GBP) voluntary guidelines to allow
transparency and disclosure to promote integrity in the Green Bond market published by the International Capital Markets Association
(“ICMA”)
• The framework is also aligned to the Climate Bond Initiative’s Climate Bond Standards V2.1 or as updated
• Westpac Climate Bonds give investors the opportunity to support environmental projects through a high-grade fixed income investment
• To date, funds from Westpac Climate Bonds have been allocated to Climate Change Solutions, including wind energy facilities and low
carbon commercial properties and transport, all certified under the Climate Bonds Standard (v2.1)
• Westpac issued its first Climate Bond in June 2016
6
FONT SIZES
IDP TEMPLATE Charts: 10pt │Tables: 12pt │ Text boxes: 12pt │ Text box headings: 14pt
R73
G87
B97
R228
G26
B18
R175
G38
B22
R73
G19
B56
R147
G147
B147
R84
G49
B78
R59
G12
B44
R139
G15
B9
R104
G9
B6
R44
G9
B33
R120
G120
B120
R42
G52
B58
Below is the chart colour sequence. If your chart has more than 12 series‘ you will need to manually colour the additional series.
Westpac Red,
used as the HIGHLIGHT colour
LINES AND ARROWS
Lines are solid black or red, 1.5pt
Arrows are block style to fit text inside, see
‘pullout boxes and arrows’ elements slide
Body – 12pt Arial Regular sentence case
• Bullet – 12pt Arial Regular
Second Bullet – 12pt Arial Regular
Heading – 14pt Times New Roman Bold Note – 10pt Arial Regular
Text boxes have 0.0cm margin on all sides
These are your 5 levels of styles.
To move through the different styles, select the text and press
TAB. To return to the previous style, press SHIFT + TAB.
If you are on a blank line, use the Increase or Decrease Indent
buttons on the Home tab
Chart heading text boxes have 0.25cm margin on left
All text is black. No grey text
Use the shapes supplied in the ‘Editable Elements’ section.
Never skew the shape. Resize proportionally in order to keep the
angles of the curves on each side.
To create a longer wave shape, resize proportionally and join
multiple shapes together with aligning and grouping.
E.g. these:
Become:
TEXT
SHAPES
GRID
To show the grid, right click the slide and
select ‘Grids and Guidelines’ > ‘Guides”
Subheading in charts is 10pt bold
Text in charts is 10pt TABLES
Headings 12pt bold all CAPS
Heading divider line 1.5pt red
All other horizontal lines .75pt grey
Total line same as heading
All text 12pt where possible, reduced
where required to a minimum of 8pt
CHART HEADINGS
The heading box should sit 0.2cm indented from
the top and right side of the chart background box.
1 line heading box = 0.8cm height
2 line heading box = 1.2cm height
Height must remain consistent, width will vary.
Most layouts use a one line heading box, you can
manually paste a two line heading box over this
area. Select from the pre-made options on ‘chart
title text boxes’ slide in the ‘Editable Elements’
section.
NOTE: All content placeholders are adaptable. If a placeholder already contains (for example) a bar chart, this
can be deleted to insert a table, text, image or other content. The template is very flexible. There are a lot of
layout options provided, manipulate them as needed to suit your content but if it’s not looking right, you can
always ‘Reset’ the slide to revert back to the templated layout.
Guides
Notes that are specific to a certain
layout will be placed here
R77
G77
B79
Westpac Grey,
not used in charts
Text inside
13.80 4.80 4.40 0.20 0.20 4.40 4.80 13.80
8.40
7.00
0.40
0.80
8.20
10.00
Divisional colours
Consumer
R228
G26
B18
WIB
R84
G49
B78
BTFG
R0
G175
B215
New Zealand
R175
G38
B22
Business
R139
G15
B9
Westpac primary colours
R177
G189
B197
R247
G161
B157
R251
G154
B144
R233
G172
B214
R212
G212
B212
R199
G160
B193
60% tint colours
Eligible Projects and Use of Proceeds
Climate Bond Framework
• Eligible Climate Change Solutions mean financing of or investment in whole or in part, for the development or redevelopment of:
Renewable energy projects including systems and equipment that facilitate the use or production of energy from renewable sources
Developments or redevelopments that have received certifications from the Climate Bonds Standards for Low Carbon buildings under the
commercial property qualification. Properties earmarked for inclusion in the climate bond asset pool would start with a National Australia
Built Environment Rating System energy rating (a NABER Rating) of 5 stars or higher and then be tested for eligibility for the CBS)
Projects that meet the requirements of the Climate Bonds Initiative’s Climate Bonds Standard and Taxonomy in all material respects, such
as low carbon transport
• For the purposes of the issuance of a Westpac Climate Bond, the net proceeds will be used to fund eligible Climate Change Solutions
projects that meet the requirements of the Climate Bonds Initiative’s Climate Bonds Standard (Climate Bonds Standard V2.1 or updated) in
all material respects
• An amount equal to the net proceeds from the issuance of the instruments will be allocated to the funding of existing and future Climate
Change Solutions projects. So long as the instruments are outstanding, internal records of the Issuer will show that the net proceeds from the
issue of the instruments have been allocated to eligible Climate Change Solutions projects
• Payment of interest and principal on the instruments will not be linked to the performance of any eligible Climate Change Solutions projects
and will be made from the issuer’s general funding pool
7
FONT SIZES
IDP TEMPLATE Charts: 10pt │Tables: 12pt │ Text boxes: 12pt │ Text box headings: 14pt
R73
G87
B97
R228
G26
B18
R175
G38
B22
R73
G19
B56
R147
G147
B147
R84
G49
B78
R59
G12
B44
R139
G15
B9
R104
G9
B6
R44
G9
B33
R120
G120
B120
R42
G52
B58
Below is the chart colour sequence. If your chart has more than 12 series‘ you will need to manually colour the additional series.
Westpac Red,
used as the HIGHLIGHT colour
LINES AND ARROWS
Lines are solid black or red, 1.5pt
Arrows are block style to fit text inside, see
‘pullout boxes and arrows’ elements slide
Body – 12pt Arial Regular sentence case
• Bullet – 12pt Arial Regular
Second Bullet – 12pt Arial Regular
Heading – 14pt Times New Roman Bold Note – 10pt Arial Regular
Text boxes have 0.0cm margin on all sides
These are your 5 levels of styles.
To move through the different styles, select the text and press
TAB. To return to the previous style, press SHIFT + TAB.
If you are on a blank line, use the Increase or Decrease Indent
buttons on the Home tab
Chart heading text boxes have 0.25cm margin on left
All text is black. No grey text
Use the shapes supplied in the ‘Editable Elements’ section.
Never skew the shape. Resize proportionally in order to keep the
angles of the curves on each side.
To create a longer wave shape, resize proportionally and join
multiple shapes together with aligning and grouping.
E.g. these:
Become:
TEXT
SHAPES
GRID
To show the grid, right click the slide and
select ‘Grids and Guidelines’ > ‘Guides”
Subheading in charts is 10pt bold
Text in charts is 10pt TABLES
Headings 12pt bold all CAPS
Heading divider line 1.5pt red
All other horizontal lines .75pt grey
Total line same as heading
All text 12pt where possible, reduced
where required to a minimum of 8pt
CHART HEADINGS
The heading box should sit 0.2cm indented from
the top and right side of the chart background box.
1 line heading box = 0.8cm height
2 line heading box = 1.2cm height
Height must remain consistent, width will vary.
Most layouts use a one line heading box, you can
manually paste a two line heading box over this
area. Select from the pre-made options on ‘chart
title text boxes’ slide in the ‘Editable Elements’
section.
NOTE: All content placeholders are adaptable. If a placeholder already contains (for example) a bar chart, this
can be deleted to insert a table, text, image or other content. The template is very flexible. There are a lot of
layout options provided, manipulate them as needed to suit your content but if it’s not looking right, you can
always ‘Reset’ the slide to revert back to the templated layout.
Guides
Notes that are specific to a certain
layout will be placed here
R77
G77
B79
Westpac Grey,
not used in charts
Text inside
13.80 4.80 4.40 0.20 0.20 4.40 4.80 13.80
8.40
7.00
0.40
0.80
8.20
10.00
Divisional colours
Consumer
R228
G26
B18
WIB
R84
G49
B78
BTFG
R0
G175
B215
New Zealand
R175
G38
B22
Business
R139
G15
B9
Westpac primary colours
R177
G189
B197
R247
G161
B157
R251
G154
B144
R233
G172
B214
R212
G212
B212
R199
G160
B193
60% tint colours
Process for Project Evaluation and Selection
Climate Bond Framework
• The selection and tracking of a climate bond asset pool to be
funded from the issuance of a climate bond, is governed by a
process that aims to ensure risks are fully understood, assessed
and properly controlled
• The process:
Ensures that projects selected for the climate bond asset pool
meet Westpac’s eligible Climate Change Solutions lending
criteria
Ensures funded assets represent a diverse selection of projects
seeks to understand, assess, and/or properly control risks of the
selected projects including, but not limited to, reputational risks
8
Sustainability Risk Management Framework
ESG Credit Risk Policy
Westpac’s Approach to Sustainable Finance
Climate Change Solutions Lending
Climate Bond Selection
Eligible Assets
Ineligible Assets
Westp
ac C
limate
Bond fra
mew
ork
and e
ligib
le
secto
r crite
ria
FONT SIZES
IDP TEMPLATE Charts: 10pt │Tables: 12pt │ Text boxes: 12pt │ Text box headings: 14pt
R73
G87
B97
R228
G26
B18
R175
G38
B22
R73
G19
B56
R147
G147
B147
R84
G49
B78
R59
G12
B44
R139
G15
B9
R104
G9
B6
R44
G9
B33
R120
G120
B120
R42
G52
B58
Below is the chart colour sequence. If your chart has more than 12 series‘ you will need to manually colour the additional series.
Westpac Red,
used as the HIGHLIGHT colour
LINES AND ARROWS
Lines are solid black or red, 1.5pt
Arrows are block style to fit text inside, see
‘pullout boxes and arrows’ elements slide
Body – 12pt Arial Regular sentence case
• Bullet – 12pt Arial Regular
Second Bullet – 12pt Arial Regular
Heading – 14pt Times New Roman Bold Note – 10pt Arial Regular
Text boxes have 0.0cm margin on all sides
These are your 5 levels of styles.
To move through the different styles, select the text and press
TAB. To return to the previous style, press SHIFT + TAB.
If you are on a blank line, use the Increase or Decrease Indent
buttons on the Home tab
Chart heading text boxes have 0.25cm margin on left
All text is black. No grey text
Use the shapes supplied in the ‘Editable Elements’ section.
Never skew the shape. Resize proportionally in order to keep the
angles of the curves on each side.
To create a longer wave shape, resize proportionally and join
multiple shapes together with aligning and grouping.
E.g. these:
Become:
TEXT
SHAPES
GRID
To show the grid, right click the slide and
select ‘Grids and Guidelines’ > ‘Guides”
Subheading in charts is 10pt bold
Text in charts is 10pt TABLES
Headings 12pt bold all CAPS
Heading divider line 1.5pt red
All other horizontal lines .75pt grey
Total line same as heading
All text 12pt where possible, reduced
where required to a minimum of 8pt
CHART HEADINGS
The heading box should sit 0.2cm indented from
the top and right side of the chart background box.
1 line heading box = 0.8cm height
2 line heading box = 1.2cm height
Height must remain consistent, width will vary.
Most layouts use a one line heading box, you can
manually paste a two line heading box over this
area. Select from the pre-made options on ‘chart
title text boxes’ slide in the ‘Editable Elements’
section.
NOTE: All content placeholders are adaptable. If a placeholder already contains (for example) a bar chart, this
can be deleted to insert a table, text, image or other content. The template is very flexible. There are a lot of
layout options provided, manipulate them as needed to suit your content but if it’s not looking right, you can
always ‘Reset’ the slide to revert back to the templated layout.
Guides
Notes that are specific to a certain
layout will be placed here
R77
G77
B79
Westpac Grey,
not used in charts
Text inside
13.80 4.80 4.40 0.20 0.20 4.40 4.80 13.80
8.40
7.00
0.40
0.80
8.20
10.00
Divisional colours
Consumer
R228
G26
B18
WIB
R84
G49
B78
BTFG
R0
G175
B215
New Zealand
R175
G38
B22
Business
R139
G15
B9
Westpac primary colours
R177
G189
B197
R247
G161
B157
R251
G154
B144
R233
G172
B214
R212
G212
B212
R199
G160
B193
60% tint colours
Process for Project Evaluation and Selection cont.
Climate Bond Framework
1. Determine Eligible Assets to be added to Climate Change Solutions list
Financing of exposures to specific Climate Change Solutions activities, or exposures to an organisation whose sole operations are focused
on these activities
2. Eligible Asset List for Climate Change Solutions
A request is sent to Westpac’s industry teams to identify relevant assets against the Climate Change Solutions definition. The final asset list
is discussed and reviewed by all industry team analysts
3. Select Eligible Assets for inclusion in Climate Bond Asset Pool
Using the Climate Change Solutions list, a subset of assets is be selected based on the following priorities:
Large direct exposure: Initial recommendation is to select transactions with a large direct investment exposure to the relevant criteria.
Thereafter, smaller transactions may be added if all proceeds are not yet allocated
Where possible, assets should be chosen to allow a diverse selection across the relevant criteria, renewable energy, low carbon
transport and green buildings
Compliance in all respects to the Climate Bonds Standards for certification
4. Approve and Review Climate Bond Asset Pool
The Pool is then reviewed and discussed by relevant parties within Westpac including provision of relevant process documentation, data,
including underlying assumptions and evidence of justification against the definition and interviews with relevant personnel where required
5. Confidentiality
In accordance with the CBI standards on confidentiality, Westpac is not required to publicly disclose the underlying assets in the Pool.
Where permissible, Westpac will look to partner with the underlying asset owner to use the name or logo of the asset to give full disclosure
and for the purposes of marketing the bond
9
FONT SIZES
IDP TEMPLATE Charts: 10pt │Tables: 12pt │ Text boxes: 12pt │ Text box headings: 14pt
R73
G87
B97
R228
G26
B18
R175
G38
B22
R73
G19
B56
R147
G147
B147
R84
G49
B78
R59
G12
B44
R139
G15
B9
R104
G9
B6
R44
G9
B33
R120
G120
B120
R42
G52
B58
Below is the chart colour sequence. If your chart has more than 12 series‘ you will need to manually colour the additional series.
Westpac Red,
used as the HIGHLIGHT colour
LINES AND ARROWS
Lines are solid black or red, 1.5pt
Arrows are block style to fit text inside, see
‘pullout boxes and arrows’ elements slide
Body – 12pt Arial Regular sentence case
• Bullet – 12pt Arial Regular
Second Bullet – 12pt Arial Regular
Heading – 14pt Times New Roman Bold Note – 10pt Arial Regular
Text boxes have 0.0cm margin on all sides
These are your 5 levels of styles.
To move through the different styles, select the text and press
TAB. To return to the previous style, press SHIFT + TAB.
If you are on a blank line, use the Increase or Decrease Indent
buttons on the Home tab
Chart heading text boxes have 0.25cm margin on left
All text is black. No grey text
Use the shapes supplied in the ‘Editable Elements’ section.
Never skew the shape. Resize proportionally in order to keep the
angles of the curves on each side.
To create a longer wave shape, resize proportionally and join
multiple shapes together with aligning and grouping.
E.g. these:
Become:
TEXT
SHAPES
GRID
To show the grid, right click the slide and
select ‘Grids and Guidelines’ > ‘Guides”
Subheading in charts is 10pt bold
Text in charts is 10pt TABLES
Headings 12pt bold all CAPS
Heading divider line 1.5pt red
All other horizontal lines .75pt grey
Total line same as heading
All text 12pt where possible, reduced
where required to a minimum of 8pt
CHART HEADINGS
The heading box should sit 0.2cm indented from
the top and right side of the chart background box.
1 line heading box = 0.8cm height
2 line heading box = 1.2cm height
Height must remain consistent, width will vary.
Most layouts use a one line heading box, you can
manually paste a two line heading box over this
area. Select from the pre-made options on ‘chart
title text boxes’ slide in the ‘Editable Elements’
section.
NOTE: All content placeholders are adaptable. If a placeholder already contains (for example) a bar chart, this
can be deleted to insert a table, text, image or other content. The template is very flexible. There are a lot of
layout options provided, manipulate them as needed to suit your content but if it’s not looking right, you can
always ‘Reset’ the slide to revert back to the templated layout.
Guides
Notes that are specific to a certain
layout will be placed here
R77
G77
B79
Westpac Grey,
not used in charts
Text inside
13.80 4.80 4.40 0.20 0.20 4.40 4.80 13.80
8.40
7.00
0.40
0.80
8.20
10.00
Divisional colours
Consumer
R228
G26
B18
WIB
R84
G49
B78
BTFG
R0
G175
B215
New Zealand
R175
G38
B22
Business
R139
G15
B9
Westpac primary colours
R177
G189
B197
R247
G161
B157
R251
G154
B144
R233
G172
B214
R212
G212
B212
R199
G160
B193
60% tint colours
Management of Proceeds
Climate Bond Framework
• Flow of Funds for Climate Bond
Westpac climate bond funds will be allocated to the general pool of funds as set out below
Funds will be tracked and audited, to ensure any such issuance does not exceed the value of Climate Bond assets
10
Westpac
Climate Bond
Climate Bond
Asset Pool
Westpac’s General
Pool of Funds
Proceeds Loans
FONT SIZES
IDP TEMPLATE Charts: 10pt │Tables: 12pt │ Text boxes: 12pt │ Text box headings: 14pt
R73
G87
B97
R228
G26
B18
R175
G38
B22
R73
G19
B56
R147
G147
B147
R84
G49
B78
R59
G12
B44
R139
G15
B9
R104
G9
B6
R44
G9
B33
R120
G120
B120
R42
G52
B58
Below is the chart colour sequence. If your chart has more than 12 series‘ you will need to manually colour the additional series.
Westpac Red,
used as the HIGHLIGHT colour
LINES AND ARROWS
Lines are solid black or red, 1.5pt
Arrows are block style to fit text inside, see
‘pullout boxes and arrows’ elements slide
Body – 12pt Arial Regular sentence case
• Bullet – 12pt Arial Regular
Second Bullet – 12pt Arial Regular
Heading – 14pt Times New Roman Bold Note – 10pt Arial Regular
Text boxes have 0.0cm margin on all sides
These are your 5 levels of styles.
To move through the different styles, select the text and press
TAB. To return to the previous style, press SHIFT + TAB.
If you are on a blank line, use the Increase or Decrease Indent
buttons on the Home tab
Chart heading text boxes have 0.25cm margin on left
All text is black. No grey text
Use the shapes supplied in the ‘Editable Elements’ section.
Never skew the shape. Resize proportionally in order to keep the
angles of the curves on each side.
To create a longer wave shape, resize proportionally and join
multiple shapes together with aligning and grouping.
E.g. these:
Become:
TEXT
SHAPES
GRID
To show the grid, right click the slide and
select ‘Grids and Guidelines’ > ‘Guides”
Subheading in charts is 10pt bold
Text in charts is 10pt TABLES
Headings 12pt bold all CAPS
Heading divider line 1.5pt red
All other horizontal lines .75pt grey
Total line same as heading
All text 12pt where possible, reduced
where required to a minimum of 8pt
CHART HEADINGS
The heading box should sit 0.2cm indented from
the top and right side of the chart background box.
1 line heading box = 0.8cm height
2 line heading box = 1.2cm height
Height must remain consistent, width will vary.
Most layouts use a one line heading box, you can
manually paste a two line heading box over this
area. Select from the pre-made options on ‘chart
title text boxes’ slide in the ‘Editable Elements’
section.
NOTE: All content placeholders are adaptable. If a placeholder already contains (for example) a bar chart, this
can be deleted to insert a table, text, image or other content. The template is very flexible. There are a lot of
layout options provided, manipulate them as needed to suit your content but if it’s not looking right, you can
always ‘Reset’ the slide to revert back to the templated layout.
Guides
Notes that are specific to a certain
layout will be placed here
R77
G77
B79
Westpac Grey,
not used in charts
Text inside
13.80 4.80 4.40 0.20 0.20 4.40 4.80 13.80
8.40
7.00
0.40
0.80
8.20
10.00
Divisional colours
Consumer
R228
G26
B18
WIB
R84
G49
B78
BTFG
R0
G175
B215
New Zealand
R175
G38
B22
Business
R139
G15
B9
Westpac primary colours
R177
G189
B197
R247
G161
B157
R251
G154
B144
R233
G172
B214
R212
G212
B212
R199
G160
B193
60% tint colours
Reporting
Climate Bond Framework
• Performance Indicators
In line with best practice, Westpac will report and maintain its website with key performance indicators and metrics, including Westpac
Management’s Annual Assertion and Auditor Reasonable Assurance Report
Renewable energy: industry standard averages – emissions avoided from using wind or solar power (MWh) generated by wind or solar
generation displacing coal fired energy generation. Performance of the pool of assets benchmarked to market average
Property: Average KgCO2/m2 of each property benchmarked to baseline market performance; or average avoided impacts against
benchmarks
Low Carbon Transport: average avoided impacts against benchmarks of alternative car journeys
• External Audit and Attestation
PWC has been engaged by Westpac to provide reasonable assurance over the framework and proposed use of funds raised through the
issuance of a Climate Bond. The criteria against which our reasonable assurance will be provided are
The Climate Bonds Standard V2.1 (as updated or supplemented from time to time); and
Westpac’s internal policies and procedures
• Climate Bond Certification Mark V2.1
Westpac will seek verification from an independent verifier (PWC) that the proposed issue of Climate Bonds is compliant with the Climate
Bonds Standard. Under Section A Part 6 of the Climate Bonds Standard, Westpac can then hold and use the “Climate Bond Certificate and
Mark” until the bond term is complete, as long as the issue continues to comply with the Standard
11