B Corps are better businesses for a better world. We’re now B Corp certified.
Being a B Corp is being a different type of business. For us, it’s about banking done differently.
Becoming a B Corp means meeting the highest social and environmental standards in the world. And from June 2020, we could not be more excited to be part of the B Corp movement.
At Bank Australia, we’ve always put people and the planet above profit. From investing our after-tax profits into projects that have a positive impact, to purchasing our Conservation Reserve, saying no to loaning to harmful industries or being carbon neutral, our purpose has always guided us.
Decades of work has been officially verified and recognised and we can now call ourselves a B Corp.
Becoming a B Corp doesn’t stop here. Every B Corp is recertified every three years. Every time you’re recertified, the criteria becomes more challenging and each B Corp needs to be more ambitious to reach the standard.
That applies to us too, and as we move through our B Corp journey, we’ll be telling you what we’re doing to be an even better business.
What does it mean to be a B Corp?
How did we become a B Corp?
Becoming a B Corp has meant taking a long, hard look at everything we do, combing through paperwork and talking to everyone who works at Bank Australia – right down to who we purchase our toilet paper from.
We’re certified carbon neutral and we run on 100% renewable electricity. We measure, reduce and offset our greenhouse gas emissions every year and we’re certified carbon neutral by Climate Active.
Responsible Banking Policy
Every loan we take on goes through our strict Responsible Banking Policy. That means it goes through some of the toughest social and environmental impact criteria to ensure that we’re not funding things like fossil fuels, live export or gambling. We’ve even been recognised by the Global Alliance for Banking on Values for our excellence in sustainable banking.
We’re the only bank in the world to own and run a Conservation Reserve. Our Reserve is a big part of our work on climate change and engaging with Traditional Owners and their knowledge. The reserve is also connected to our products, such as offsetting the emissions associated with funding construction home loans and car loans.
B Corp is a movement
We're so glad to finally be a part of it. We’ve joined thousands of companies around the world, from all different industries, meeting the B Corp standard.