Write be Slide $11$ script:

Slide $11$ should be on;

Final statement on how Westpac NZ can become more successful by using Internal Carbon Pricing, with an inspiring Picture $/$ Figure $/$ Text

Here is our script so far..

Slide $1$: This video presentation will be on Westpac$$s market$-$based solutions, assessing how this corporation is responding to the effects of climate change, and considering the role of ethical decision$-$making.

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The compliance approach is when a company is committed to ethical standards and monitoring ethics performance. Westpac NZ has a clear code of ethics and has established targets that they are working towards. This includes caring for the planet and people. An example of this is that they want to reduce operational CO$2$e by $30\%$ compared to $2019,$ as they want to remain carbon neutral in $2025.$ Westpac NZ also has a clear human right statement that covers the ethics around respecting human rights. They have set policies and strategies to ensure that these are applied. Westpac understands that they have a responsibility to respect human rights, and so their values and behaviours intend to guide their employees and workplace to uphold these values and behaviours. One of the company's values is being ethical which means to Westpac being trusted to do the right thing. Westpac has a list of what is expected to be carried out by their business, it is a set of rules for employees to follow some of these rules include: upholding market integrity and protect Westpac against market misconduct, market manipulation, and insider trading and compete fairly to provide our customers with fair products, services, and innovation. Overall, Westpac NZ adopts a compliance approach to business ethics by actively implementing ethical standards, setting targets, and establishing policies and guidelines to ensure ethical conduct across its operations.

Slide $6$ & $7$:The ethical culture approach is about prioritising the creation of an environment where ethical standards are maintained within a company. This involves the employees following the ethical principles that are deeply ingrained into the company$$s code of ethics. In Westpac$$s $2023$ sustainability report one of the topics they focused on was a $$Well Managed Business$,$ we can see where they apply an ethical culture approach as they want to improve corporate culture and have clear governance practices. Westpac also aims to create an inclusive culture and have a range of diverse leadership, by shifting their strategy to focus on diversity, equity and inclusion we can see their commitment to ethical principles, such as equal opportunity for all employees. They have also taken the initiative to introduce Te Reo M$\backslash$bar $($a$)$ ori classes, Pasifika attire options, and support for cultural events that promote cultural confidence and respect among employees, aligning with ethical values of cultural sensitivity and appreciation. Partnering with Dignity to provide period products at work and supporting employees' well$-$being reflects a concern for the welfare of employees beyond just their professional roles, aligning with ethical principles of care and support. Supporting youth and community organisations and initiatives like the NZ sign language workshops and Rainbow NZ Trust scholarships demonstrate a commitment to social responsibility and community engagement, which are integral to an ethical organisational culture. Overall, this was only a few of Westpac's actions in $2023$ that present an ethical culture approach by prioritising fairness, respect, inclusivity, and much more throughout the organisation's practices and initiatives.

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Let's turn our attention to how Westpac can further capitalise on new investment decisions, and Let's start by recognizing their existing initiatives. Westpac New Zealand has made commendable efforts to climate action, reducing operational emissions by $57\%$ since $2008,$ becoming the first Carbon Zero certified bank, and ceasing lending to the coal mining industry. While Westpac has set ambitious emissions reduction targets, transitioned to renewable energy and engaged with suppliers to reduce emissions across the supply chain. However, these efforts lack a direct link to internal carbon pricing. I suggest that by integrating internal carbon pricing $($ICP$)$ into their investment appraisal process, Westpac NZ can begin to quantify the true cost of carbon emissions associated with each new project. This quantification allows them to prioritise investments that not only generate a financial return, but are also aligned with New Zealand's carbon neutrality goals. Further, it is recommended that Westpac NZ develop new financial products that incentivize carbon reduction. Think carbon credit trading platforms and sustainability$-$focused investment funds that not only promote a green economy, but also meet investor demand for responsible financial products. This strategic partnership is critical as they look to expand