Lululemon has released its first-ever Global Wellbeing Report, examining the wellbeing of citizens across 10 countries.
The report explores the dimensions, drivers and barriers to wellbeing and found that Australia has a total wellbeing score of 65 out of 100.
The report follows wellbeing initiatives the business rolled out across the country in 2020, including the Peace on Purpose program and the three-year deal to support of Movember.
Lululemon CEO Calvin McDonald said the report firms the business' commitment to wellbeing.
"The events of the past year brought unprecedented challenges to the physical, mental, and social wellbeing of people worldwide.
"At Lululemon, we believe in a holistic approach to wellbeing that helps create a healthier future for all.
"This research accelerates our efforts to support the wellbeing of the guests, employees and communities we serve," he said.
Asked to strongly agree with statements surrounding drivers of wellbeing, Aussies indicated where they feel secure and where could use some improvement.
According to the research, areas where Australia exceeds the global average is; in having a good work/school/home life balance, with 21% strongly agreeing with this statement; feeling in tune with emotions (21%); feeling confident in oneself most of the time (20%); and, having enough energy to accomplish things during the day (20%).
Meanwhile, areas of improvement across the key drivers of wellbeing in Australia include physical health, mental wellbeing and finances.
Only 15% of Australians consider themselves to be in good physical health - in line with the global average - while a small 16% are proactive about their mental wellbeing and personal development.
Meanwhile, only 16% believe they are on track to meet their financial goals, while just 17% feel that they're in a good place with their finances currently.
The research found that some key barriers to wellbeing in Australia is a support network (46%), money (46%) and health conditions (44%).
Unsurprisingly, COVID-19 impacted how optimistic Australians are feeling about the future, with a 15% decline in positivity about the future, sliding from 62% to 47% in 2020.
"While many of us often say 'everything is fine,' it's clear that we would all benefit from raising the bar for what it means to be truly well," McDonald added.
"And while the report indicates a critical need for improvement, it also shows us an actionable path forward to foster greater wellbeing," he said.