Beyond Bank Australia

Certified B Corporation
Headquarters

South Australia, Australia

Certified Since

December 2015

Industry

Deposit bank - Developed Markets

Sector

Service with Minor Environmental Footprint

Operates In

Australia

Beyond Bank is one of Australia’s largest, 100% customer-owned banks. We started as a credit union more than 60 years ago by people who felt left behind by a banking system that didn't meet their needs. Our vision is not to be the biggest bank, but to be the best bank for relationships. Our purpose is to create and return value for our customers and communities, and through this, we change lives. Our customers are our shareholders, so there are no competing interests. All profits are returned to our customers through better rates, fairer fees, responsible lending, superior customer service and our multi-award winning internet banking and mobile app. We provide personal and business banking services along with financial planning and support community organisations and the not-for-profit sector. Everything we do is to benefit our customers and their communities. We understand that when our customers and communities thrive, so do we.

Overall B Impact Score

Based on the B Impact assessment, Beyond Bank Australia earned an overall score of 146.7. The median score for ordinary businesses who complete the assessment is currently 50.9.
146.7
146.7 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 21.0

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 & Engagement2.7
Ethics & Transparency8.2
+ 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 28.2

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 Security4.2
Health, Wellness, & Safety8.4
Career Development4.9
Engagement & Satisfaction6.1

Community 40.0

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, & Inclusion6.2
Economic Impact9.1
Civic Engagement & Giving7.3
Supply Chain Management1.9
+ Local Economic Development13.1

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.


Environment 7.4

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 Management1.5
Air & Climate3.3
Water0.3
Land & Life2.2
+ Green Lending0

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 48.7

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 Stewardship2.3
+ Portfolio Reporting0
+ Targeted for Investment4.5
+ Leadership & Outreach0.5
+ Investment Criteria1.1
+ Portfolio Management7.4
+ Serving in Need Populations29.9

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 Score146.7
2017 Overall B Impact Score97.5
2015 Overall B Impact Score105.4

Additional Documentation

Beyond Bank Disclosure Report 2022


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