We are delighted to be a partner of Purpose – the annual celebration of Australia’s purpose-driven business community.
As a responsible bank, we believe in using banking to create positive social and environmental outcomes. Collaborating with Purpose means surrounding ourselves with other organisations and thinkers who will be using their business to make an impact on the big issues of our time.
Purpose will take place in Sydney on 27 and 28 February. As we gear up to join other purpose-driven business at the end of the month, here are some of the trends we’re expecting to see:
1. Responding to the climate change crisis
One of the highlights of Purpose 2018 will no doubt be the keynote from Paul Hawken on Day 1 as he outlines the key findings from his landmark climate change mitigation initiative, Project Drawdown. His new book Drawdown has measured and costed the impact of 80 existing climate change solutions that require financing to scale-up and 20 solutions that are conceptual and could be further developed.
The opportunities for business to be a part of scaling up these solutions is evident. We’re looking forward to being a part of the conversation with other purpose-driven organisations as we talk about ways to take effective action on climate change.
2. Planning for human well-being
Our homes, communities and workplaces all have a profound impact on human health, happiness and wellbeing. On Day 1 of Purpose, we’re hosting a session to dig into the question: how will we live together in the future. This session will tackle housing affordability whilst thinking critically about how thoughtfully designed homes can support public health and sustainability.
Purpose will also look at workplaces and how technology, flexible work and differing demands of workers can intersect to better support employee wellbeing, particularly mental health.
3. Addressing inequality
At Bank Australia, we’re passionate about helping our customers secure a more prosperous financial future for themselves and their family. One session we’re excited to see is A Female Future on Day 2 which will look at the gender pay gap, and the alarming superannuation gap that currently sees Australian women retiring with 47% - that’s less than half – of the super that men have, on average.
4. Using technology ethically
As automation, big data and artificial intelligence work to make our lives better and easier, we’re expecting to hear a lot about the ethical implications of these powerful technologies. There is no doubt great opportunities to use technology to create better user experiences, to be more inclusive of people with a disability or in remote areas and to provide communication and education tools to people experiencing disadvantage.
However, the pace of technological evolution is often outpacing legal regulation, creating a real responsibility for businesses such as ours to carefully consider the ethics of using new technological tools. And crucially, to put people before profit.
If you want to be part of Purpose 2018, you can search #Purpose2018, check out the Purpose website, or look out for our wrap up after the conference.