Liberty Financial
Victoria, Australia
December 2019
Other credit - Developed Markets
Service with Minor Environmental Footprint
Australia,
New Zealand
Liberty Financial Group (Liberty) is a major Australian and New Zealand finance company, whose purpose and values embrace fairness, diversity and inclusion. It believes financial inclusion helps enable communities to form and thrive. Since Liberty began in 1997, it has been lending responsibly, and with purpose, to individuals and small businesses from all walks of life and across many sectors. As a pioneer of specialty lending in Australia and New Zealand, Liberty takes a multi-dimensional view of a customer’s capacity to repay a loan. Liberty offers loans for home, car, business and personal needs. It also offers consumer credit and general insurance. It’s innovative approach has helped over 500,000 customers get, and stay, financial. A criterion of every loan or insurance policy is that it contributes benefit to the customer. If and when there are unexpected life circumstances, Liberty has a dedicated, in-house team to provide support. Every Liberty team member commits to delivering the best possible customer outcomes by living the company’s values of being Fair, taking every opportunity to Learn, and be Accountable, Invested and Resourceful (FLAIR). As an ASX Listed company (ASX:LFG), Liberty is aligned to the highest standards of Corporate Governance.
Overall B Impact Score
Governance 16.8
Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Governance 16.8
Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Workers 38.7
Workers evaluates a company’s contributions to its employees’ financial security, health & safety, wellness, career development, and engagement & satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.
Community 17.4
Community evaluates a company’s engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity & inclusion, economic impact, civic engagement, charitable giving, and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.
Environment 12.6
Environment evaluates a company’s overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company’s operations and, when applicable its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Customers 21.4
Customers evaluates a company’s stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels. In addition, this section recognizes products or services that are designed to address a particular social problem for or through its customers, such as health or educational products, arts & media products, serving underserved customers/clients, and services that improve the social impact of other businesses or organizations.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.