What is B Corp?

B Corporations or B Corps are a community of businesses recognised for balancing profit and purpose. They are dedicated to drive positive change to benefit people, their communities and the planet - that's why the 'B' stands for 'benefit for all'.

To become a B Corp, an organisation must meet the highest standards of social and environmental performance, public transparency, and legal accountability.

B Corps are committed to addressing and responding to the ever-changing issues in the world, and the bar for certification continues to be raised to ensure businesses remain focused on continuing to deliver a positive and meaningful impact.

    Why is it important?

    As a 100% member-owned and purpose-driven organisation, creating positive impact isn’t something new to us. In fact, it was a key reason we were founded and why we continue to provide an alternative to shareholder-owned banks.

    Becoming a B Corp also reinforces our commitment to delivering an overall positive impact on society and the environment.

    Our B Corp certification provides independent verification of the impact we create across the five stakeholder areas of Members, People, Community, Environment and Governance. It not only verifies and validates the work we have done, but it also helps to shape our ongoing journey to continuously improve and make meaningful impact.

    You can learn more about our performance in our latest annual member report at the link to the right.

    Certification Details

    People’s Choice achieved B Corp Certification in August 2022 and re-certification occurs every 3 years.

    Getting certified isn’t the end of the road – it’s just the beginning. As world issues are ever-changing, so are the certification requirements. The bar to become a B Corp is continually raised to ensure meaningful and positive impact continues to benefit people, communities and the planet.

    More on People's Choice and sustainability