People's Choice Credit Union

Certified B Corporation
Headquarters

South Australia, Australia

Certified Since

August 2022

Industry

Deposit bank - Developed Markets

Sector

Service with Minor Environmental Footprint

Operates In

Australia

As a major Australian customer-owned financial institution, People’s Choice has been supporting and empowering members since 1949. We work with our members, not just to meet their financial service needs but to enable dreams and aspirations, build fulfilling lives and create a sustainable future. At People’s Choice, we focus on maximising benefits for our members and the wider community, rather than on shareholder returns. As part of that we absolutely recognise our part in addressing environmental sustainability. People’s Choice is carbon neutral and our head office in Adelaide is one of Australia’s greenest buildings having a 6 Green Star certification, a 6-star NABERS energy rating, and a 5.5-star NABERs water rating. Through our suite of fundraising, giving and sponsorship programs we routinely contribute more than 4% of our pre-tax profit to community benefit programs. People’s Choice sought B Corp certification to underpin our social and environmental efforts, and to support the development of a clearer pathway to further improve benefits to people, communities, and the planet.

Overall B Impact Score

Based on the B Impact assessment, People's Choice Credit Union earned an overall score of 83.3. The median score for ordinary businesses who complete the assessment is currently 50.9.
83.3
83.3 Overall B Impact Score
80 Qualifies for B Corp Certification
50.9 Median Score for Ordinary Businesses

Governance 15.1

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.

Mission & Engagement0.5
Ethics & Transparency7.1
+ Mission Locked7.5

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 28.7

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.

Financial Security4.5
Health, Wellness, & Safety8.6
Career Development5.1
Engagement & Satisfaction6.0

Community 13.8

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.

Diversity, Equity, & Inclusion5.0
Economic Impact5.3
Civic Engagement & Giving2.0
Supply Chain Management0.0

Environment 9.0

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.

Environmental Management1.7
Air & Climate3.8
Water1.2
Land & Life2.2
+ Green Lending0

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 15.7

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.

Customer Stewardship2.6
+ Portfolio Reporting0
+ Targeted for Investment2.5
+ Leadership & Outreach0.5
+ Investment Criteria2.3
+ Portfolio Management6.6

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.



Previous Overall B Impact Scores

2022 Overall B Impact Score83.3

Additional Documentation

People's Choice Credit Union - Disclosure Report 2022


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