Sustainability FAQs.
How can banking with Beyond Bank help my business improve my B Corp impact?
What your bank does with your money can make a big impact. By banking with a customer owned, independent and B Corp bank that is helping to make a positive social and environmental impact, you can earn 2.0 impact points.
How can Beyond Bank support my B Corp business?
We believe in a better way of doing business. That’s why we’re offering Certified B Corps access to fee FREE banking with our Community Account. Click here to see the benefits.
How can Beyond Bank support my staff and their financial wellbeing?
Click here to talk to your local Community Development Manager about how we can help support your staff with financial wellbeing resources.
What is a B Corp?
B Corp is many things.
It is a method for measuring our social and environmental performance, beyond just financial performance.
It is a framework that makes us accountable and requires us to be transparent about how well we are doing and where we can do better.
It is an independent certification that verifies the positive impact we aim to create for all stakeholders that consumers can trust.
It is a community of likeminded individuals and businesses that are using business as a force for good to create change and make a difference.
It is a journey to redefine success in business by setting a high benchmark for what good looks like and helping us strive to be better.
What makes Beyond Bank a B Corp?
Firstly, to certify as aB Corpwe must achieve the high standard set for what good looks like. This means we are required to achieve at least 80 impact points out of a total of 200 to become a B Corp. We do this by completing an impact assessment across the five impact areas of governance, workers, customers, community and environment. At last review and subject to verification, our impact assessment score is 146.7.
Secondly, it’s who we are as a customer-owned organisation. Putting our customers first and supporting our communities is in our DNA. It’s what we do.
As a customer-owned bank, everything we do is benefit the customers and their communities. We are not conflicted by the requirement to maximise profits or serve the needs of shareholders. B Corp recognises this and the principles of co-operation on which we were founded.
It also allows us to take a longer-term view on how we achieve this impact. In this way, we can commit to developing sustainable relationships, investments that promote lifelong outcomes and delivering programs that support strong communities.
B Corp is how we build on our ideals of mutuality and bring it into the 21st century to be a more sustainable business that benefits all.
Our B Corp certification is how you can trust that we are for and with you.
Why are we a B Corp?
We are a B Corp because we believe in making business better. B Corp Certification verifies that our organisation meets the highest standards of social and environmental performance across our entire business model and supply chain. We don’t just talk about our values, we live them.
We built the foundations of Beyond Bank through our values including customer first, mutuality, integrity, community andsustainability.
We want to be the best bank in Australia. And we will achieve this by acting with integrity and ethically.
