BankVic Sustainability - SustainabilityTracker.com

Sustainability Summary

This is an unclaimed profile. BankVic has not joined Sustainability Tracker to verify their sustainability credentials. We gathered what we could from public sources.

What do our labels mean?

BankVic is a member-owned bank that presents its B Corp certification as evidence of a commitment to high social and environmental standards, transparency, and accountability. Originally certified in 2021 and re-certified in 2024, it says its purpose is to create positive impact for members, people, and the planet. The bank links its sustainability approach to community support, inclusive employment, and the effects of climate change on frontline workers in police, health, and emergency services. It also states that it has implemented sustainability initiatives and increased its involvement in community projects.

About BankVic

Status
Unverified

Website
Visit Website

Employees
100 - 500

Country
Australia

BankVic Sustainability Actions

B Corp re-certification in 2024

BankVic was originally certified as a B Corp in 2021, and was re-certified in 2024, reflecting its longstanding commitment to the community, members, people, and the planet. When it was re-certified in 2024, the mutual bank significantly increased its Impact Score by 13% and achieved several milestones that reflect its commitment to social and environmental performance.

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Member-owned since 1974

From its establishment by a group of Victoria Police officers in 1974, BankVic has always been member-owned and purpose-driven. It says it was established by members and for members, to be inclusive of all who wanted a better way of doing their banking — at a product level, an impact level, and an inclusiveness level.

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Implemented sustainability initiatives

BankVic has also implemented several sustainability initiatives and increased its involvement in community projects.

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Positive work environment

BankVic said its B Corp certification underscores its commitment to high social and environmental standards, transparency, and accountability. It also said this fosters a positive and inclusive work environment and serves as a recruitment tool, attracting candidates who value purpose-led organisations.

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