Today we’re pleased to announce that 13 of our customers will share in $120,000 for projects tackling environmental sustainability, gender equality, reconciliation, disability and educational disadvantage.
These investments form part of the inaugural Small Investments initiative, which is part of the Bank Australia Impact Fund.
Each year we invest 4% of after-tax profits into projects that contribute to the mutual prosperity of people, communities and the planet. Our priority funding areas are selected in response to Bank Australia customer surveys so that we are sure to invest funds in areas we know our customers care about.
Bank Australia Acting Chief Executive Officer John Yardley said the investments were a great example of what responsible customer owned banking can achieve.
“Bank Australia customers can feel confident that their bank is investing in a range of projects addressing the issues they are most passionate about,” John said.
“The selection committee had a tough job to do choosing from the fantastic projects submitted for this year’s investment round by our customers and I’d like to thank them all for taking the time to make an application.
“From gender equality to reconciliation to environmental sustainability, the 13 projects will offer a significant benefit to their local communities. It is estimated that more than 1000 people will directly benefit from this funding, with positive flow-on effects for local communities and schools.”
The funded projects include: an expansion of a community café, which will provide hospitality training to students; a series of workshops to provide disadvantaged women with employment skills and a physical activity program for people with complex care needs in Gippsland.
The inaugural Bank Australia Impact Fund Small Investments Round opened in February 2016, offering funding of up to $10 000 for projects addressing one of the following priority areas: environmental sustainability; gender equality; reconciliation; disability and educational disadvantage.
The full list of 2016 Small Investment Round recipients is here.