![]() Informed by the Australian Unity Wellbeing Index, Australian Unity’s focus extends beyond profit to vital areas of impact- lifelong wellness, economic empowerment, and strong communities. This commitment is evident in Australian Unity’s approach.Īustralian Unity, in partnership with Deakin University, has been monitoring the nation’s wellbeing for over 20 years as it relates to our overall quality of life and our personal satisfaction with areas such as health, finances and safety. As governments focus on outcomes that matter, and organisations recognise their broader purpose, a paradigm shift takes place and the pursuit of social impact becomes an important driving force behind positive change.” “It’s about aligning organisational goals with the betterment of society. “Once organisations also prioritise impact, you actually start to have the community and enterprises working hard to create the social glue that is wellbeing,” says Vise. Vise says his idea of “nirvana” would be if all organisations – not just mutuals like Australian Unity – thought about their purpose, not just about profit. “By delivering positive impacts on various fronts, such as healthcare, aged care, independent living, access to financial certainty and more, Australian Unity continues to fulfil its original purpose of contributing to the wellbeing of individuals and the broader community, ensuring relevance and sustainability in a changing world. Impact is crucial for Australian Unity and its 180-year heritage, because it aligns with the organisation’s core mission of addressing societal challenges, he says. “Reporting on our CSV framework alongside financial performance enables us to illustrate the significance of the impact we create – and allows us to quantify our impact in dollar terms - showing our commitment to community and social value, both to our existing and prospective customers and employees.” In FY23, Australian Unity delivered $1.76 billion in community and social value. These areas underpin the measurement of unique social impact and inform Australian Unity’s business decisions. Strong communities - fosters social innovation, bridges service gaps, and promotes living in place through investments in care, infrastructure, and specialist housing. ![]() Economic empowerment - focusing on building financial resilience, enabling individuals to fund their own wellbeing.Lifelong wellness - ensures access to better healthcare through diverse services and initiatives, emphasising tailored care for improved health outcomes.The CSV framework centres on three key impact areas: The blueprint for Australian Unity’s impact – and the yardstick by which it is measured - is its community and social value (CSV) framework, which was developed in conjunction with social impact specialists, Social Ventures Australia.
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