{"id":74097,"date":"2023-12-19T16:53:39","date_gmt":"2023-12-19T05:53:39","guid":{"rendered":"https:\/\/www.marketforces.org.au\/?page_id=74097"},"modified":"2025-07-01T12:31:13","modified_gmt":"2025-07-01T02:31:13","slug":"westpac-agm-season-dec-2023","status":"publish","type":"page","link":"https:\/\/www.marketforces.org.au\/campaigns\/banks\/westpac-agm-season-dec-2023\/","title":{"rendered":"WESTPAC – Bank AGM Season Update – Dec 2023"},"content":{"rendered":"

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Banks<\/p>\n

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Westpac<\/h1>\n

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Bank AGM Season 2023<\/h2>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Section – Social Sharing left floatin” module_class=”share-float-left” _builder_version=”4.21.0″ _module_preset=”default” custom_padding=”63px||63px||true|false” global_colors_info=”{}”][et_pb_row use_custom_gutter=”on” gutter_width=”1″ _builder_version=”4.20.0″ _module_preset=”default” background_color=”#fafafa” custom_padding=”25px|30px|25px|30px|true|true” custom_css_main_element=”display: flex;|| align-items: center;” global_colors_info=”{}” custom_css_main_element_last_edited=”on|phone” custom_css_main_element_tablet=”display: block;” custom_css_main_element_phone=”display: block;”][et_pb_column type=”4_4″ _builder_version=”4.20.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.20.2″ _module_preset=”default” text_font=”Poppins|500|||||||” text_text_color=”#b2b2b2″ text_font_size=”12px” text_line_height=”1.5em” global_colors_info=”{}”]<\/p>\n

Last updated:
\nJuly 2025<\/p>\n

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ANZ, NAB and Westpac continue to undermine their commitments to the Paris Agreement by financing companies that are expanding the fossil fuel industry.<\/strong><\/p>\n

The good news is, from 2025 each of the big four will require fossil fuel companies to have emissions reduction plans (transition plan) in order to receive new lending. That means, if a fossil fuel company cannot demonstrate on paper that it has a plan to scale down its emissions in line with the goals of the Paris Agreement they could be ineligible to receive financial support from Australia\u2019s largest lenders.<\/p>\n

But with their policies as is, there\u2019s plenty of loopholes that could see the big four continue to pour money into climate wrecking companies up until 2025 and beyond.<\/p>\n

We\u2019re putting pressure on the banks to ensure they don\u2019t give another cent to climate-wrecking companies. But we need your help!<\/p>\n

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Take Action<\/h2>\n

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Tell Westpac and Nab to close their fossil fuel finance gaps, and end their relationship with climate wreckers once and for all!<\/p>\n

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