Ethical investment at Teachers Mutual Bank Ltd

Ethical investment at Teachers Mutual Bank Ltd

Teachers Mutual Bank’s $500 million Debt Issuance Programme has been certified by the RIAA (The Responsible Investment Association of Australasia) on the basis that Teachers Mutual Banks’ Policy is ‘the exclusion of lending to, or investing in, large scale greenhouse gas pollution from fossil fuel exploration, extraction, production and use’.

• It is the first certified ethical investment wholesale cash product in Australia.
• It is the first certified ethical investment wholesale cash product that is based on fossil fuel lending and investing exclusion. 
• Teachers Mutual Bank is the only bank in Australia with a certified ethical investment wholesale cash product, the proceeds of which are used to fund the balance sheet.
• Teachers Mutual Bank is the first Australian bank to have a wholesale debt issuance programme certified on the basis that the proceeds exclude ‘lending to, or investing in, large scale greenhouse gas pollution from fossil fuel exploration, extraction, production and use’. 

Through achieving Certification, Teachers Mutual Bank is recognised as a certified ethical bank. 

Teachers Mutual Bank has been certified by RIAA according to the strict disclosure practices required under the Responsible Investment Certification Program. See www.responsibleinvestment.org for details.

The RIAA certification is awarded in recognition of Teachers Mutual Banks’ formal policy of ‘the exclusion of lending to, or investing in, large scale greenhouse gas pollution from fossil fuel exploration, extraction, production and use’.

The RIAA certification is of Teachers Mutual Banks’ $500m Debt Issuance Programme (DIP) for wholesale investors. The cash proceeds raised are used to fund Teachers Mutual Banks’ balance sheet. Under the $500m Debt Issuance Programme, Teachers Mutual Bank may issue debt securities, that are issued in series, and each series may comprise one or more tranches. These may vary in number, timing and tenor. By certifying the $500 million Debt Issuance Programme, each individual issuance of notes or tranches is certified.