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Australia’s only banking service dedicated to not-for-profits upholds its high standards of social and environmental performance, accountability and transparency

08 Jun 17

Community Sector Banking has recertified as a B Corporation, maintaining its unbroken record of being the first banking service in Australia to gain the certification – which is a globally recognised standard for sustainable business.

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

CEO of Community Sector Banking, Andrew Cairns, said he was delighted about the recertification, it was a natural fit with our values, and met the growing demand for business to be a force for good.

“Recertifying as a B Corp is validation of our commitment to strengthening the community. Throughout our work with not-for-profits, we strive to make positive change in society, the environment and our staff. This reinforces our belief that making a difference and strengthening the community are as much a focus as our bottom line,” Cairns said.

“There is a real appetite in the community for businesses to pay more attention to the positive impacts they can have,” he said.

“The B Corp movement shows that business can be a force for good. Being a good business and doing good are not mutually exclusive, and we’re proud to be doing both.”

The recertification sees Community Sector Banking re-join a global community of over 2,160 companies from more than 130 industries in over 50 countries that have also achieved B Corp certification. There are currently 155 B Corps in Australia.

It follows Community Sector Banking winning the Best for Communities award at the Best of the Best awards in California in 2016. The awards recognised companies that scored in the top 10 per cent globally on their B Impact Assessment – the rigorous and independent process through which companies certify as B Corporations.

Charlie Syme from B Lab Australia & New Zealand said they were very thrilled to have Community Sector Banking re-certify as a B Corp for another term.

“It’s a testament to the whole team for the high standards of transparency, accountability and social and environmental performance that they’ve maintained while running a successful business. As the first banking service to be certified as a B Corporation in Australia, the leadership shown by Community Sector Banking in using their business as a force for good has been outstanding,” said Syme.

Media Contact
Charlie Syme – Acting Director B Lab Australia & New Zealand 0438 723 099
Alys Francis – Community Sector Banking 0476 287 787

About Community Sector Banking
Community Sector Banking is the only banking service in Australia dedicated to not-for-profits. It is a joint venture between Bendigo and Adelaide Bank and Community 21, a coalition of not-for-profit organisations including Jobs Australia, Oxfam Australia, Scope and ACOSS. For more information about Community Sector Banking visit:

About B Corporations and B Lab
Certified B Corporations meet the highest standards of overall social and environmental performance, legally expand their corporate responsibilities to include consideration of stakeholder interests, and build collective voice through the power of the unifying B Corporation brand.

B Lab is the not-for-profit organisation that serves a global movement to redefine success in business so that all companies compete not only to be the best in the world, but the best for the world. B Lab drives this systemic change through a number of interrelated initiatives: B Lab drives systemic change through three interrelated initiatives: 1) building a community of Certified B Corporations to make it easier for people to tell the difference between “good companies” and just good marketing; 2) accelerating the growth of the impact investing asset class through use of B Lab’s GIIRS impact rating system by institutional investors; and 3) promoting supportive public policies, and 4) providing free, powerful tools for businesses to measure, compare and improve their social and environmental performance.

Find out more at: http://bcorporation.com.au

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