Certified B Corporations are businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose.
As a B Corp bank in Australia, we’re proud to sit alongside other B Corp certified banks around the world, like the Amalgamated Bank in New York and Triodos Bank in the Netherlands.
What is the mission of the B Corp community?
The B Corp community works toward reduced inequality, lower levels of poverty, a healthier environment, stronger communities, and the creation of more high quality jobs with dignity and purpose. By harnessing the power of business, B Corps use profits and growth as a means to a greater end positive impact for their employees, communities, and the environment.
What it means to be a B Corp
Why we became a B Corp
Becoming a B Corp has made us take a long, hard look at everything we do, as well as learn from other purpose driven businesses around the world. We aspire to become one of Australia’s leading purpose driven businesses.
How certification works
B Corp Certification assesses a business’ overall positive impact . The assessment involves more than 300 questions related to all aspects of the company’s operations and the way in which it acts to have a positive impact. It’s validated by providing documentation and a series of interviews before a final score is provided.
Certified B Corporations must achieve a minimum verified score on the B Impact Assessment of more than 80 points—a rigorous assessment of a company’s impact on its workers, customers, community, and environment.
Companies need to recertify every three years.
The combination of third-party validation, public transparency, and legal accountability help Certified B Corps build trust and value. B Corp Certification is administered by the non-profit B Lab.
More about Bank Australia
Visit the B Corp website to see Bank Australia’s Impact Scores
The systems, processes and rules that shape our day-to-day operations and services
B Corp is just one of the ways we bank differently. Learn more about purpose-driven banking.