Westpac shareholders to vote on climate, governance resolutions at upcoming AGM

Westpac Banking Corporation will address two shareholder-requisitioned resolutions at its annual general meeting on Thursday, December 11, 2025. The first resolution proposes an amendment to the company’s constitution, allowing shareholders to express non-binding opinions or request information about the exercise of powers vested in the directors. This resolution is advisory and does not bind the directors or Westpac.

The second resolution focuses on Westpac’s customer transition plan approach and climate commitments. Shareholders are requesting that Westpac confirm its "A," "B," or "C" ratings within its four-tier CTP system indicate a customer is aligned with the climate goals of the Paris Agreement. This would ensure new or renewed finance provided to such customers is consistent with Westpac's existing commitments to manage its business in line with the Paris Agreement and to align its lending portfolio with net-zero financed emissions by 2050, consistent with a 1.5°C pathway.

Westpac's annual general meeting notice, including the board's recommendations on each resolution, is expected to be published in November 2025.