Australian Mutual Bank

Certified B Corporation
Headquarters

New South Wales, Australia

Certified Since

March 2022

Industry

Deposit bank - Developed Markets

Sector

Service with Minor Environmental Footprint

Operates In

Australia

Australian Mutual Bank is a community-based banking organisation that values its members and puts their interests first, providing quality banking, loan and investment services to the community since 1953. Our purpose is to provide Australians who want ethical financial services with a bank that aligns with their values. In line with our ethical approach, we do not invest our members’ funds in industries that may cause harm to the environment or to wildlife, contribute to climate change or hamper efforts to reduce carbon emissions. This extends beyond environmental issues, to areas such as gambling, weapons, and animal testing. Australian Mutual Bank is carbon neutral since 2021 under the Australian Climate Active certification, and is committed to action on climate change by reducing the environmental impact of our operations through improved efficiency, innovation and increased staff awareness. Becoming a B Corp enables us to be part of a bigger community of businesses with similar values and ethics that are shifting the global economy to benefit all people, communities, and the planet.

Overall B Impact Score

Based on the B Impact assessment, Australian Mutual Bank earned an overall score of 90.9. The median score for ordinary businesses who complete the assessment is currently 50.9.
90.9
90.9 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 22.5

Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.

Mission & Engagement4.1
Ethics & Transparency8.4
+ Mission Locked10

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.


Workers 28.4

Workers evaluates a company’s contributions to its employees’ financial security, health & safety, wellness, career development, and engagement & satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.

Financial Security2.6
Health, Wellness, & Safety9.3
Career Development4.4
Engagement & Satisfaction6.2

Community 20.0

Community evaluates a company’s engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity & inclusion, economic impact, civic engagement, charitable giving, and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.

Diversity, Equity, & Inclusion6.9
Economic Impact7.3
Civic Engagement & Giving3.8
Supply Chain Management0.0

Environment 5.3

Environment evaluates a company’s overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company’s operations and, when applicable its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.

Environmental Management3.7
Air & Climate0.2
Water0.0
Land & Life0.5
+ Green Lending0.1

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.


Customers 13.5

Customers evaluates a company’s stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels. In addition, this section recognizes products or services that are designed to address a particular social problem for or through its customers, such as health or educational products, arts & media products, serving underserved customers/clients, and services that improve the social impact of other businesses or organizations.

Customer Stewardship2.7
+ Portfolio Reporting0
+ Targeted for Investment0
+ Leadership & Outreach0.5
+ Investment Criteria2.9
+ Portfolio Management6.2

What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.



Previous Overall B Impact Scores

2022 Overall B Impact Score90.9

B Labs Logo - Home Link

Sign up to our Insights newsletter, a monthly digest of the latest news on economic systems change from B Lab Global.

We take the security of your data seriously, read our privacy policy for further information. For newsletter communications relating to your local region, please visit Global Partner sites to subscribe.

Copyright © 2024 B Lab. All rights reserved.