Beyond Bank Australia

Certified B Corporation
Headquarters

South Australia, Australia

Certified Since

December 2015

Sector

Service with Minor Environmental Footprint

Operates In

Australia

Beyond Bank Australia is one of Australia’s largest customer owned banks, with assets under management over $6 billion, 245,000 customers & 650 staff. They provide personal and business banking services along with financial planning and work closely with community organisations and groups.

Overall B Impact Score

Based on the B Impact assessment, Beyond Bank Australia earned an overall score of 97.5. The median score for ordinary businesses who complete the assessment is currently 50.9.
97.5
97.5 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 17.4

The Governance Impact Area evaluates a company's overall mission, engagement around its social and 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 & Engagement2.1
Corporate Accountability1.7
Ethics2.0
Transparency4.1
+ Mission Locked7.5

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 25.5

The Workers Impact Area evaluates a company's contributions to its employees' financial security, health and safety, wellness, career development, as well as overall engagement and 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.

Compensation & Wages2.8
Benefits10.5
Training & Education1.6
Worker Ownership3.9
Management & Worker Communication2.6
Job Flexibility/Corporate Culture3.0

Community 28.1

The Community Impact Area evaluates a company's engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity, and 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.

Job Creation2.1
Diversity & Inclusion3.9
Civic Engagement & Giving7.5
Local Involvement7.5
Suppliers, Distributors & Product0.0
+ Local Economic Development2.2
+ Designed to Give3.6

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 8.8

The Environment Impact Area 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.

Land, Office, Plant4.7
Inputs2.2
Outputs1.6
+ Green Lending0.3

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 16.6

The Customers Impact Area 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 and media products, serving underserved customers or clients, and services that improve the social impact of other businesses or organizations.

+ Portfolio Reporting0
+ Targeted for Investment6
+ Leadership & Outreach1.6
+ Investment Criteria2.3
+ Portfolio Management6.7
+ Serving in Need Populations0

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

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

Best for the World

Each year, B Lab releases lists honoring the top-performing Certified B Corporations overall as well as within each Impact Area.

Best For The World: Governance2018
Best For The World: Governance2017

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