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Supporting Sustainable Societies Through Cooperation

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Friday, 6 July 2018

#Coopsday is an initiative of The International Co-operative Alliance, the apex organisation for cooperatives worldwide, representing 309 cooperative federations and organisations across 107 countries. As a customer owned bank, Qudos Bank is a supporter of #Coopsday and the values and principles the ICA represents.

On 7 July 2018, cooperators around the world will celebrate the International Day of Cooperatives. Through the slogan ‘Sustainable societies through co-operation’ we will show how, thanks to our values, principles and governance structures, cooperatives have sustainability and resilience at their core, with concern for community as the seventh of their guiding principles. “We represent 1.2 billion cooperative members. There is no other economic, social and political movement in the world that in less than 200 years has probably grown as much as we have. But growth is not the most important thing. We consume, produce and use the resources that the planet gives us but in solidarity with the environment and with our communities. That is why we are a key partner for the United Nations Sustainable Development Goals,” says the President of the International Cooperative Alliance, Ariel Guarco.

By their very nature, cooperatives play a triple role:

  • As economic actors they create opportunities for jobs, livelihoods and income generation
  • As people-centred enterprises with social goals they contribute to social equity and justice
  • As democratic institutions, they are controlled by their members, playing a leading role in society and local communities.

At Qudos Bank we’ve implemented and supported a number of initiatives to combat our waste and improve our environmental footprint:

Partnering with Greenfleet

Since 2007 we have been offsetting staff fleet and flights’ emissions with Greenfleet and since then Greenfleet has planted over 26,500 native trees in Australia on our behalf. Greenfleet is an environmental charity and Australia’s most respected source of biodiverse carbon offsets. By partnering with Greenfleet to offset our emissions we are helping to restore permanent forests around the country.One of the forests we’ve helped plant is called ‘McHugh’ near Wedderburn in Victoria. In 2008, Greenfleet partnered with the landholders to revegetate 47 ha of the property with native trees to create shelter belts for livestock and to establish wildlife corridors between large areas of remnant bushland. As a result of our long-term support of Greenfleet, we were awarded the Greenfleet Huon Award in 2013, named after the Huon Pine, one of the oldest living organisms on Earth. We recognise the importance of playing an active role in helping our environment and are proud to take practical action by partnering with Greenfleet.

Going Digital

In October 2016 we stopped print production of our quarterly customer newsletter and provided customers with an online experience. Customers have a choice to consume our newsletter via an emailed PDF or by reading our online blog.

Not long after we also went digital with our Annual Report, stopping print production copies which has reduced our consumption of paper, ink and associated packaging and mailing materials. Not only do these changes have a positive impact on the environment, they also provide the business with considerable cost savings that we can put back into the products and services we provide to our customers.

We encourage our customers to assist in the reduction of waste and impact on the environment by registering for e-statements in place of paper statements.



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