UCA Funds Management has been certified with a global accreditation recognising its commitment to sustainable and ethical practices.
B Corporations are businesses and organisations certified by the non-profit B Lab as meeting rigorous standards of social and environmental performance, accountability and transparency.
UCA Funds Management will join more than 2500 B Corp companies worldwide who are using the power of business to address social and environmental issues.
UCA Funds Management CEO Mathew Browning said the organisation is proud to work alongside Australian companies who share a vision of contributing to positive social change.
“We are one of a select few ethical financial and investment institutions in Australia to become a certified B Corporation,” Mr Browning said.
“This certification aligns perfectly with our mission to serve both society and our investors as we contribute to community wellbeing.
“We’re now in the company of a community of leading change makers and companies with a unifying goal of making a difference.”
Last year, UCA Funds Management gave $3.9 million of their operating surplus to Victorian and Tasmanian community services, including disability inclusion support, prison chaplaincy, and reconciliation programs with First Peoples.
Mindy Leow, the head of community building at B Lab Australia and New Zealand, said Australians are increasingly seeking financial institutions that uphold high ethical principles.
“B Corporations are held to the highest standards of accountability, transparency and ethical practice,” she said.
“They embody the way business should be done, creating extraordinary positive impact as businesses and looking after all of their stakeholders.”
The UCA Funds Management team has also reaffirmed their commitment to transparency by signing the Banking and Finance Oath last month.
The oath represents an organisation’s intention to “be a positive example of how a financial services business should operate – illustrating that we can all make a difference in our industry.”
“As ethical investors, taking the Banking and Finance Oath is a natural progression in our vision for better investments and a better world,” Mr Browning said.
“With our entire team taking the oath, we are delighted to be standing together, helping to create a sustainable and just future, speaking out against wrongdoing and being a leader in our industry as it strives to meet community needs and expectations.”