B Corp certification

Business as a force for good

What is B Corp certification?

B Corp certification provides a globally recognised standard for sustainable businesses demonstrating that they use the power of business and profit to solve social and environmental problems.

B Corps are certified by the not-for-profit organisation B Lab and are required to meet rigorous measures of social and environmental performance, accountability and transparency through:

  • Building a community of Certified B Corporations to make it easier for consumers to identify good companies.
    Accelerating the growth of the impact investing asset class through use of B Lab’s impact rating system.
  • Promoting supportive public policies.
  • Providing free, powerful tools for businesses to measure, compare and improve their social and environmental performance.

Why did we become a B Corp?

Being a B Corp gives certification to our business model and provides an easily recognisable way of proving that we are a social business, not just a financial institution. In addition, as an organisation that differentiates itself from mainstream banking, it’s important we align ourselves with like-minded businesses, not-for-profits and social enterprises not only in Australia, but across the globe.

Community Sector Banking is the first banking service in Australia to receive this standard of sustainable business.

The B Corp movement

Since its foundation in 2008, B Corp has grown rapidly as a huge international movement. Community Sector Banking joins over 1,300 organisations from more than 121 industries in 41 countries that have also achieved the accreditation. There are currently 62 B Corps in Australia. The range of B Corp companies is wide in Australia, including Australian Ethical Investment, Pro Bono, Five AM Yoghurt and KeepCup.

As B Corps, we envision a global economy that uses business as a force for good.

This economy is comprised of a new type of corporation – the B Corporation – which is purpose-driven and creates benefit for all stakeholders, not just shareholders.

As B Corporations and leaders of this emerging economy, we believe:

  • That we must be the change we seek in the world.
  • That all business ought to be conducted as if people and place mattered.
  • That, through their products, practices and profits, businesses should aspire to do no harm and benefit all.
  • To do so requires that we act with the understanding that we are each dependent upon another and thus responsible for each other and future generations.

We became a B Corp in 2014. We re-certified as a B Corp in May 2017.

There are over 2,130 B Corps spread across 50 countries and 130 industries.

Visit the B Corporation Australia & New Zealand website: bcorporation.com.au

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