Australian Unity delivers $1.63 billion in community and social value
Using the Group’s Community & Social Value Framework-developed in conjunction with leading social impact experts, Social Ventures Australia-the report outlines the dollar value of its impact across three defined areas-lifelong wellness, economic empowerment and strong communities.
The Community & Social Value Framework-which is independently audited by PwC each year—was recognised by the Australian Financial Review earlier this year, with the Group being recognised as a 2022 Sustainability Leader and receiving the ‘ESG Metrics Innovator Award’ for best innovation focused on improving how ESG impacts are measured.
In FY2022, the Group delivered $1.63 billion in community and social value across its health, wealth and care portfolio-an increase from last year’s $1.25 billion. Australian Unity’s Group Managing Director, Rohan Mead said the Group was proud to play a significant role as a mutual organisation in identifying and investing in key and in-demand products and services that address key issues facing society-such as an ageing population, rising rate of chronic health conditions, access to healthcare and the challenges that arise from deteriorating economic conditions.
“By designing and providing access to quality products and services that seek to address these issues, our members and customers experience direct positive social impact and benefit from our efforts, as do the communities that surround them,” Mr Mead said.
“The second Our Impact report showcases our approach to using community and social impact as a driver of our key business decision, and to demonstrate our accountability and transparency when it comes to putting the wellbeing needs of our customer and community at the centre of our business.”
Our Impact 2022 is available to download here: Our Impact 2022 Report