Bankwest
Last Rated in Feb 2025
Your bank is failing on climate responsibility.
Bankwest is a division of Commonwealth Bank of Australia, and therefore has the same rating as Commonwealth.
CommBank continues to fund expansion of oil & gas projects ($135M alone in 2023, nearly double the amount in 2022).
In addition to lending, it continues to finance the oil and gas industry by holding a bond in a Chinese oil & gas company. Its exclusion policy has gaps and needs to be tightened up.
Your bank may be ignoring the Paris Agreement.
The Paris Agreement set the goal to stay under 1.5°C of warming for very good reasons. According to the Intergovernmental Panel on Climate Change, an increase of just a couple of degrees more could lead to "substantial species extinction, large risks to global and regional food security", and an inability to work outside — or even live — in some areas of the world. Our world will become unrecognizable as ocean dead zones, floods, and extreme weather fuel social and economic disruption.
Start to Bank Green Today
Banks live and die on their reputations. Mass movements of money to fossil-free competitors puts those reputations at grave risk. By moving your money to a sustainable financial institution, you will:
Send a message to your bank that it must defund fossil fuels
Join a fast-growing movement of consumers standing up for their future
Take a critical climate action with profound effects