B Impact Report

Logo for Community Sector Banking

Community Sector Banking

Financial Services
Certified Since: May, 2015
Location: Melbourne, Victoria, Australia
Sector: Service with Minor Environmental Footprint

Overall B Impact Scoreinfo_outline

115.9

The B Impact Scores are being compared against all businesses that have completed the B Impact Assessment

Community Sector Banking is a leader in providing specialised, relevant and accessible financial solutions to community organisations throughout Australia.

Not-for-profit organisations and social enterprise organizations have unique needs not always met by traditional banking products, and goals not driven by the bottom line. Community Sector Banking fulfils the not-for-profit sector’s need for a banking service that delivers innovative, tailor-made products and services designed to simplify the banking process. Its specialised knowledge of the not-for-profit sector sets it apart from other financial institutions. It understands its customers' funding cycles and the way their boards govern their decisions.

Community Sector Banking is a 50:50 joint venture between shareholders Bendigo Bank and the Community 21 consortium of not-for-profit organizations, which includes Oxfam, Scope, and Yfoundations. It brings together the best of business and the not-for-profit sector.

Community Sector Banking’s mission to find financial solutions for social enterprises, not-for-profits and help the marginalised in the community fits entirely with the spirit of B Corporations – working towards redefining the success of business.

Impact Area Scoresinfo_outline

Previous Overall B Impact Score