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Teachers Mutual Bank and UniBank were last night named the Best Bank in Socially Responsible Performance (ESG) of the Year at the 2016 Australian Retail Banking Awards.
The award recognises organisations that are acting beyond market practices in environmental protection, respect for human rights, employment and relation conditions, social commitment and corporate governance.
The top three initiatives that set Teachers Mutual Bank apart from other finalists Westpac and Community Sector Banking included:
Hosted by the RFi Group and AB+F at the Four Seasons, Glenn Sargeant CFO accepted the award on behalf of the Bank making this the third time Teachers Mutual Bank has taken out the award.
This award is a testament to the strong growth of the mutual industry and demonstrates Teachers Mutual Bank’s continued commitment to ethical and sustainable business practices.
“It is with great honour to again receive this award in a field that is very competitive and well regarded. We’re pleased to be recognised as a leader in this space, as sustainability is embedded in who we are as a bank and we strive to further develop this year-on-year,” said Steve James, CEO.
The Australian Retail Banking Awards recognise and celebrate outstanding organisations within retail banking, which have delivered excellent throughout the year across 18 different categories.