NZ Herald
  • Home
  • Latest news
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather forecasts

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
    • The Great NZ Road Trip
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
    • Cooking the Books
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • What the Actual
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Business / Business Reports

Deloitte Top 200: Diversity Leadership - Westpac

NZME.
26 Nov, 2015 04:00 PM7 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

David McLean says embracing diversity is good for the country.

David McLean says embracing diversity is good for the country.

Working for a greater good

The business case for diversity is well documented, but Westpac chief executive David McLean says it's about more than that: embracing diversity is good for the country.

"There's huge opportunity for us to embrace this and leverage it as a strength for the country so that we can lead the world again.

"New Zealand was the first country to give women the vote, and we've led the world in a lot of these things. Have we come off pace a bit? I think we have, and we've got a huge advantage in New Zealand from an ethno-diversity point of view."

READ MORE:
• Westpac sees case for deeper rate cuts
• Big four banks' $4.4 billion profit

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

When he says we've been falling behind, he's talking about things like a survey Westpac commissioned earlier this year. It found that nearly half of all New Zealanders are afraid to bring their true selves to work. "I find that number sad and disturbing."

So what is Westpac doing that sets them apart?

Firstly, a look at the bank's top table shows the organisation's commitment to diversity: there is a 50-50 split within the senior executive between men and women. On top of that, leadership roles throughout the rest of the organisation are 47 per cent filled by women. Considering this figure sat at around 17 per cent in the late 1990s, the strides Westpac has taken are huge.

But even with their achievements in upper management, McLean says his company's success starts at the other end: from the bottom up.

Advertisement
Advertise with NZME.

"If we feel there's an issue that needs to be addressed, we'll gather the smartest people that are closest to that issue on the ground floor," he explains.

"We say, tell us what you need, how you think we can move the dial, and then the role of the leadership team is to simply support them in whatever they come up with. If you do it bottom-up like that, and get the people who are living these issues day-to-day, then the outcome -- whatever diversity initiative they might come up with -- will be very sustainable."

The sphere of diversity in the corporate space is often talked about with reference to internal gender biases, but Westpac recognises the need to keep the wheels turning on all diversity issues. This focus on engendering a broader environment of inclusion particularly impressed the diversity judging panel. Nowhere is this attitude more evident than in their dementia initiatives.

"We're the first dementia-friendly bank in New Zealand and it's something I'm really proud of.

Discover more

Business

Innovators find place in niche markets

23 Nov 03:59 PM
Business

Local leader in Auckland s growing export driven economy

23 Nov 03:59 PM
Business

Excellence in service shines

23 Nov 03:59 PM
Business

Winners outstrip competitors

23 Nov 03:59 PM

It's not a contest in becoming more diverse. I think there's a greater good here that if we all share our learnings and help each other along the way, New Zealand will be a lot better off.

David McLean

"It's an important thing that doesn't get enough attention in New Zealand, yet it's something likely to affect a large number of New Zealanders personally or through family or friends."

McLean is bang on: the 2015 World Alzheimer Report has the number of New Zealanders with dementia tripling to over 150,000 by 2050.

The initiative is a multi-pronged one. The bank helps customers in the early stages of dementia to prepare themselves and their accounts for the future, they train their staff to recognise the signs of dementia and financial abuse and better equip them to help concerned customers.

Harking back to his approaching diversity as a task that can benefit the entire country, McLean explains he doesn't see diversity as a contest between other companies and his own.

"As I said, I do think diversity has a strong business case and that it'll make us a better bank. But it's not a contest in becoming more diverse. I think there's a greater good here that if we all share our learnings and help each other along the way, New Zealand will be a lot better off."

He points to Westpac's You Being You initiative as a recent example. Aimed at supporting the LGBT "It Gets Better" movement, the bank released a video featuring members of staff personally affected by issues of diversity.

Advertisement
Advertise with NZME.

A member of another New Zealand organisation reached out to McLean after the event, saying they'd gone back to their company and inspired management to set up a LGBT support group and start on the same journey. "To me, that's a winner."

The judges agreed, pointing to Westpac's demonstrated willingness to share their diversity learnings as a key influence in their decision to award Westpac this year's Diversity Leader award.

Finalist: ANZ

Achieving a diverse and inclusive workplace is hard work well worth doing, according to ANZ general manager of HR Felicity Evans.

As she puts it: "There's no silver bullet."

"But organisations need to realise that it makes business sense to represent your customers, represent your workforce," she explains. "We do affinity groups for LGBT staff, we sponsor community events, and all these little things add up to make us representative of our multicultural country.

The hard work often lies in defining the problem. ANZ spends time each month auditing key diversity indicators; how many women are being recruited, how many have been promoted, and so on. This audit leads to the setting of concrete diversity goals. For example, ANZ is targeting 15 per cent increase in Maori and Pacific Island recruits, an annual one per cent Women In Management Increase year on year and an employee engagement rate of 75 per cent.

Advertisement
Advertise with NZME.

Outside gender, ANZ is committed to supporting their staff who might be raising families, and have developed a number of initiatives to meet their needs.

ANZ's "all roles flex" policy is aimed at giving employees of all ages and life stages the opportunity to maintain the work/life balance their unique situations might demand. The uptake has been huge. This year's ANZ staff engagement survey reported that 86 per cent of respondents were taking advantage of the policy, up from just 40 per cent last year.

Then there's ANZ's parental leave policy. The company will pay the difference between an employee's ordinary salary and whatever they receive from the government's parental leave payment system. They've increased the duration of their top up payments from 14 to 16 weeks from April this year, and that number is set to increase to 18 weeks starting next year.

The support continues when employees return to work, with ANZ organising "Returning from parental leave" workshops which support them with planning, flexible work options and general preparation for coming back to work after time away.

Finalist: Air New Zealand

Air New Zealand's diversity strategy is comprehensive and well-linked to both business goals and customer imperatives.

The company has shown its commitment to diversity with a focus on gender through initiatives such as its programme to accelerate high potential women within the organisation. It has set itself an ambitious goal of having the senior leadership team constituted by 40 per cent women by 2020, and has already committed and spent $1,000,000 on its women leadership and networking events. Its Women's Network connects female employees from throughout the organisation and can report that over 1500 women have directly attended the event since it was launched.

Advertisement
Advertise with NZME.

Other aspects of Air New Zealand's diversity efforts that impressed the judging panel was its nurturing of employee communities within the company (Women's Pride, Young Professionals, Maori and Pacific Island networks).

Air New Zealand's efforts in the diversity space are the product of continued engagement with the concerned parties on the issues. The judges were particularly impressed with senior management seeking feedback from senior women within the company, its networking with other aviation companies on issues of diversity and reviewing the policies of organisations around the world. On top of that, Air NZ's internal "Your Voice" survey at the end of last year boasted a 80 per cent employee participation rate and enabled it to create a baseline to use in tracking progress in the diversity and inclusion space.

Save

    Share this article

Latest from Business Reports

Premium
Construction

NZ's biggest business park getting new hub

04 May 10:00 PM
World

Meta and Apple just got slapped by Europe’s new rulebook

23 Apr 07:17 PM
Business|business reports

Stocks rally as Trump soothes fears over China trade, Fed

23 Apr 06:46 PM

One tiny baby’s fight to survive

sponsored
Advertisement
Advertise with NZME.

Latest from Business Reports

Premium
NZ's biggest business park getting new hub

NZ's biggest business park getting new hub

04 May 10:00 PM

After around 20 years of intensive development, the 109ha business park is now finished.

Meta and Apple just got slapped by Europe’s new rulebook

Meta and Apple just got slapped by Europe’s new rulebook

23 Apr 07:17 PM
Stocks rally as Trump soothes fears over China trade, Fed

Stocks rally as Trump soothes fears over China trade, Fed

23 Apr 06:46 PM
SH35 on East Cape partially closed as Cyclone Tam continues to lash NZ

SH35 on East Cape partially closed as Cyclone Tam continues to lash NZ

18 Apr 08:01 AM
Connected workers are safer workers 
sponsored

Connected workers are safer workers 

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • What the Actual
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven CarGuide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP