Westpac’s squashed tomato strategy

This CIMA study aims to explore how Westpac, a large Australian financial institution and leader in this field, developed and implemented a climate change sustainability strategy.

The investigation was underpinned by six key research questions and this report presents its findings following this structure:

• what was the rationale or motivations for creating the sustainability strategy?
• who were the key players involved in developing and implementing the sustainability strategy?
• how was the strategy resourced and supported by the organisation?
• how was the strategy implemented and/or communicated throughout the organisation?
• what were the expected short and long run costs and benefits of the strategy and how were they realised?
• what was the role that management accounting practices played or could potentially contribute in supporting sustainability strategy?
 

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