Teachers Mutual Bank strengthens commitment to be a world leading ethical Bank

Teachers Mutual Bank Ltd has revised its targets to enhance the Bank’s international leadership in sustainable business practices.

“Our commitment to be a world leading ethical bank is driven by our values and culture, and stronger targets is how we put this into practice,” said Steve James, CEO of Teachers Mutual Bank.

Each year the Bank reports on 94 targets and KPIs, and benchmarks its performance against leading institutions around the world.

Improvements for 2017 include stakeholder engagement, community partnerships, and stricter environmental  mandates. An example is the mandatory installation of solar PV and LEDs on all new owned buildings.

“Ethical leadership in banking is more essential than ever. As a national mutual bank serving the education and firefighting communities, banking ethically is core business,” said Steve James. 

“The bank has a bright future and we foresee a doubling in size to $10 billion within five years as we continue to seek opportunities to partner with like-minded institutions in our ongoing quest to build scale and financial strength.” said Steve James.

Read the TMBL 2017 Sustainability Key Performance Indicators and Targets.

Changes are to Sustainable Business Practices, Environment and Community sections. 

About Teachers Mutual Bank

For over fifty years Teachers Mutual Bank has provided key financial services to Australian educators. Now, Teachers Mutual Bank Limited is one of Australia’s largest mutual banks, comprising three brands:  the original Teachers Mutual Bank, Firefighters Mutual Bank and UniBank.  With over 186,000 members and more than $6 billion in assets, Teachers Mutual Bank Ltd is one of Australia’s largest mutual banks. Teachers Mutual Bank continues to be passionate about assisting members secure their financial futures through superior member support and banking products.

Teachers Mutual Bank Ltd is a market leader in member advocacy in the Australian banking sector, and is also committed to strong standards of corporate responsibility through community investment and ethical business as one of the World’s Most Ethical Companies*.

For more information about Teachers Mutual Bank please visit: www.tmbank.com.au
For more information about Firefighters Mutual Bank please visit: www.fmbank.com.au
For more information about UniBank please visit: www.unibank.com.au

*‘World’s Most Ethical Companies’ Award, from Ethisphere Institute. ( 2016, 2015, 2014)