2022 Taste of Australia Dinner and Leaders' Summit wrap-up
Triple threat or triple opportunity
The BCCM Leaders’ Summit is Australia’s only cross-sector business summit for co-operative and mutual leaders. Held over two days – 17 and 18 November 2022, in Melbourne – it featured highly regarded international and national speakers in plenary sessions and interactive roundtable discussions.
We developed a high-level program for executives and directors dealing head on with the need for a unified vision for growth for our sector and to help Australia address systemic risks to the economy through co-operation. This was the call to action recently tabled at the June CEO Summit on industry collaboration.
The theme of ‘triple threat or triple opportunity’ was a platform to debate three business trends – competition, conscious consumerism and consolidation.
Key speakers included Jeremy Duffield, Ex-CEO and Founder, Vanguard Australia, Enrique de los Rios, CEO, Unica Group (Spain), Eric Balchunas, Senior ETF Analyst Bloomberg Intelligence and author of The Bogle Effect and Ana Aguirre, President, Youth Network, International Co-operative Alliance.
BCCM Leaders' Summit highlights
Pre-Summit Forums and Roundtables
CME 100 Chairs’ Forum and Luncheon
The BCCM held its bi-annual CME 100 Chairs’ Forum on Thursday, 17 November, bringing together the Chairs of co-operative and mutual enterprises to discuss issues facing the sector and the economy more broadly. The Forum was hosted by the BCCM’s Chair, Terry Agnew.
Mutual Collaboration Lab Forum
The BCCM hosted the second Mutual Collaboration Lab Forum on Thursday afternoon. The Forum was facilitated by Peter Hunt, Managing Partner, Mutuo (UK) with guest speakers Andrew Hadley, CEO, P&N Bank, Andrew Haigh, CEO, Newcastle Building Society (UK) and Chris Yates, CEO Retail, Australian Unity. The Forum discussed a mutual journey for growth.
Inaugural Agricultural Co-operatives Roundtable
The BCCM hosted its inaugural Agricultural Co-operatives Roundtable on Thursday, 17 November. The Roundtable focussed on challenges and opportunities for co-operative agriculture in Australia. The Roundtable was chaired by the BCCM’s Clare Fountain. BCCM CEO Melina Morrison provided an overview of the Co-operative Farming program and its outcomes.
Guest speaker, Enrique de los Rios, CEO, Unica Group (Spain), shared about collaboration models for competitive success. Enrique is photographed below with the ICA’s Ana Aguirre.
Listen to Melina Morrison and Enrique de los Rios on ABC Radio’s Country Breakfast, 26 November 2022
Taste of Australia Dinner
We welcomed our CME leaders back to face-to-face events at the Taste of Australia Dinner which incorporated the BCCM Honour Roll Awards on Thursday, 17 November 2022 at the Grand Hyatt Hotel Melbourne. The fabulous evening was courtesy of Platinum Partner EML. Thank you also to our fabulous food and drink partners – Limestone Coast Fishermen’s Co-operative, WAMMCO and Oz Group Co-op and our silver event partner BankVic.
This year’s dinner celebrated the richness of Australia’s co‑operative produce, from the clear crystal water where rock lobsters are harvested to the green pastures where our lamb is raised. Executive Chef, Steven Beaumont, created a bespoke menu for guests to savour the best that Australia has to offer. The ILG Gin Bar was as popular as ever.
A night of fine dining and guest speakers to celebrate our 2020 Award Honour Roll inductees. BCCM CEO Melina Morrison acknowledged the traditional owners of the land and welcomed guests. Nikki Britt, Director, EML, introduced the night’s MC – Journalist and Commentator from Insiders on ABC TV, David Speers. Guests were entertained by The Emma Gilmartin Trio.
Dr Daniel Mulino MP, Member for Fraser and Chair of the Standing Committee on Economics, provided the Opening Remarks outlining the Federal Government’s broad support for the CME sector.
Prof Simon Wilkie, Dean of Faculty of Business and Economics, Monash Business School, Monash University, spoke on the evening’s theme, Thriving communities.
2022 Honour Roll for Outstanding Service Inductees
Two outstanding contributors to industry have been added to the BCCM Honour Roll for 2022. The BCCM recognises the exceptional leadership of Lynne McLennan, past Chief Executive Officer of UFS Dispensaries Ltd and Steve Anthony OAM, founder and volunteer CEO, Supporting Independent Living Cooperative Limited (SILC). In addition, the BCCM acknowledged the service of The Hon. Dr Race Mathews on the night.
Watch the 2022 Honour Awards video
2020 BCCM Breakfast on the Hill
Breakfast on the Hill was held at Melbourne Town Hall on Friday, 18 November. Our excellent breakfast was courtesy of Australian Unity.
Rohan Mead, Group Managing Director & CEO, Australian Unity, gave the Official Welcome, introduced Lord Mayor Sally Capp and also was a guest speaker. Rohan spoke on CMEs and ESG: Our impact journey, celebrating the inaugural Australian Unity ‘Social Impact Report’. Lord Mayor Sally Capp spoke about corporate diversity, the role of member owned entities and the importance of good practice and ESG to the Melbourne community post-COVID.
The opening keynote saw Jeremy Duffield, Ex-CEO and Founder of Vanguard Australia, tell the amazing story of Vanguard: Building a $A10 trillion mutual from a $US1 billion fund company.
Jeremy spoke about the remarkable vision and achievements of Jack Bogle and the mutual he founded, Vanguard. One of the major reasons behind Vanguard’s astonishing success was Jack’s commitment to mutuality and his belief that customers (who are also owners) should have access to investment products with low fees. Jeremy’s story is another example of how co-operatives and mutuals can empower and resource everyday people.
In thanking Jeremy, BCCM CEO Melina Morrison noted that Vanguard’s entry into the superannuation sector here in Australia has been met with widespread praise.
The opening keynote was supported by Futurity.
Michael Pascoe, Australian Financial Journalist and Commentator moderated the plenary panel on “The market shaping effect of co-ops and mutuals: Investing for good”.
The panel featured (L to R) Andrew Haigh, Chief Executive Newcastle Building Society (UK), Sasha Courville, Chief Impact Officer, Bank Australia, David Marshall, CEO, Defence Bank and Ross Higgins, CEO, Futurity.
The plenary panel was supported by Defence Bank.
Australian Mutuals Foundation presentation
Our charity partner this year was the Australian Mutuals Foundation (AMF). Watch the video below describing the impact the fund had on the ground in Northern NSW following repeated flooding. You can still donate to the AMF Flood Campaign.
AMF’s Brian Bennett presented HCF Australia’s CEO Sheena Jack and the BCCM’s CEO Melina Morrison with certificates of appreciation for support and fundraising for the 2022 AMF Flood Fund.
The CEO Dialogues: Four ideas to take Australia forward
An exciting workshop designed to give BCCM members the opportunity to influence a dialogue with government, business and civil society to reshape Australia in the interests of Australians.
The BCCM Summit included four facilitated discussions to design four landmark ideas for nation-building and managing risk through co-operation. Delegates were challenged to come up with innovative ideas for working with government, business, the community and members to tackle systemic risks to the Australian economy and people’s well-being. Delegates chose from four boardroom discussions to workshop solutions to:
- Co-operating for sustainable food and agriculture – supported by Geraldton Fishermens’ Co-op
- Addressing a just energy transition and climate change through co-operation – supported by Capricorn
- Securing affordable housing for all Australians – supported by CEHL
- Care Together – A sustainable care workforce – supported by Australian Unity
Rapporteurs reported back to the Plenary following lunch, in a session supported by HCF, on the ideas that the BCCM should take forward to Government. The white paper from the dialogues will be published in early 2023.
Business leaders in conversation
Michael Pascoe, Australian Financial Journalist and Commentator spoke with Eric Balchunas, Senior ETF Analyst, Bloomberg Intelligence author of The Bogle Effect (US). Eric has over a decade of experience working with ETF (exchange traded funds) data, designing new functions and writing ETF research for the Bloomberg terminal. He also writes articles, feature stories and blog posts on ETFs for Bloomberg.com and appears each week on Bloomberg TV and Radio to discuss ETFs.
Business leaders in conversation was supported by BankVic.
Vision for growth
Report on the industry project for bigger and better CMEs
Peter Hunt, Managing Partner of Mutuo in the UK and a great friend of the BCCM, and the Australian CME sector, brought us his vision for growth report on the industry project for bigger and better CMEs.
The Bunya Fund’s goals
- Grow the co-operative and mutual economy in Australia by empowering the next generation of social businesses to choose the co-operative or mutual model of enterprise – if it is the right model for them
- Help newer and emerging co-operatives and mutuals to grow and prosper – to increase their positive impact on their members, their communities, the environment and society
- Provide education, training, advisory services and mentoring to support emerging co-operatives and mutuals – that demonstrate high economic, social, cultural and environmental impact potential
Round one recipients
The BCCM announced the ten successful applicants to its inaugural co-operative development fund, The Bunya Fund, as it looks to kick-start a new generation of member-owned businesses. The ten successful applicants, who will share a collective $137,700 in first round funding, were announced by Bunya Fund Manager, Antony McMullen.
Another key project of the BCCM is Mutual Value Measurement© (MVM), developed in partnership with Monash University.
Dr Paul Thambar, Lead Researcher on Mutual Value Measurement© and Senior Lecturer at Monash University, spoke about the MVM and Mutual Value Measurement Accreditation™.
Andrew Haigh, CEO of Newcastle Building Society in the UK, shared his organisation’s experience so far of the MVM journey and provided an on the ground perspective. It was rewarding to hear about MVM in action and how it is helping Andrew and his team to develop a laser focus when it comes to planning and measuring the value they offer to their members and community.
This year, two organisations have completed the MVM Accreditation process, joining the four CMEs that have previously attained this status.
HCF Australia and G&C Mutual Bank Ltd have now earned MVM Accreditation™. Melina presented Harry Robertson, CFO of HCF Australia and Rosanna Argall, CEO of G&C Mutual Bank with their accreditation.
Race for Net Zero
Now, more than ever before, ESG matters are a critical focus for organisations worldwide. Many are playing catch-up after years of acting primarily to please shareholders. Co-operatives and mutuals are different. Embedded in co-operatives and mutuals’ very purpose is a call to responsible business that ensures sustainability into the future. Peter Watts, Director of Watts Sustainability, spoke about the Race for Net Zero and launched the Co-operatives and Mutuals Declaration for Climate Action.
The Co-operatives and Mutuals Declaration of Climate Action sets out how co-operative and mutual enterprises will respond to the net zero transition over the coming years and take advantage of the opportunities for prosperity from a low carbon economy.
We are now seeking a commitment from all BCCM members to join cross-sector climate action.
Signing up to the Declaration will ensure your co-operative and mutual enterprise (CME) is aligned with global and local action including UN Race to Zero, UN Paris Agreement on Climate Change and Australia’s Climate Change Bill 2022.
We are seeking your support as a signatory to the Declaration and encourage you to review and consult with your CME and join the climate action plan for our sector.
Sustainability Strategy for Co-operatives and Mutuals
To support our members with implementing the Declaration we have developed a world-first course on Sustainability Strategy for Co-operatives and Mutuals. This is a new, internationally accredited training program for co-ops and mutuals to develop sustainability plans for their organisations.
Participants develop their own sustainability strategy as they progress through three modules – Foundations, Action and Transformation. The course is delivered as a mix of live, tutor-led workshops, self-paced learning and one-on-one mentoring with global sustainability leader, Peter Watts (Director, Watts Sustainability). Individuals or teams can progress through the training program together with licence fees available for single users and groups.
In the news
The BCCM Summit and programs launched featured in the following news articles:
- Superannuation is no gamble – and there is no place for crypto, Michael Pascoe’s column in The New Daily, 2 December 2022
- Melina Morrison and Enrique de los Rios on ABC Radio’s Country Breakfast, 26 November 2022
- The BCCM acknowledges service of The Hon. Dr Race Mathews, 25 November 2022
- Co-ops and mutuals must work together for climate action, says Great Southern Bank CEO Paul Lewis, Eco Voice, 23 November
- Australian co-op apex BCCM calls for fresh action on climate change, Co-operative News, 18 November 2022
- The BCCM awards $137,700 in funding to help next generation businesses thrive, 18 November 2022
- The BCCM announces 2022 Honour Roll Inductees, 18 November 2022
- Co-ops and mutuals set a framework for climate action, 18 November 2022
- UK financial mutual implements MVM, 9 November 2022
- Australia’s BCCM announces speakers for co-op leadership summit, Co-operative News, 9 September 2022
Thank you for your feedback
One hundred per cent of delegates who completed the CEO Summit survey said the Summit, its program and its speakers met or exceeded their expectations.
What the delegates thought …
“Enjoyable and informative two days. Looking forward to Brisbane 2023.”
“An amazing experience and a network to die for“
“Very well run and informative event with lots of engagement time available. Congratulations BCCM on a great event.“
“Overall 10/10 event“
“Overall BRILLIANT conference and the BCCM staff as usual, surpassed expectations!”
Sincerely thanking the 2022 Leaders’ Summit partners