A global leader in community investment Join us Join us Phone us Email us Breadcrumbs Teachers Mutual Bank Community 2015 A global leader in community investment 12 February 2015 12 February 2015 Teachers Mutual Bank—a global leader in community investment Teachers Mutual Bank is a global leader in community investment for the third year running, based on the results of the 2014 London Benchmarking Group Australia and the LBG Global Review 2014. Teachers Mutual Bank outperforms the LBG Au & NZ and LBG Global average by spending 4.55% of pre-tax profits on community investment—a total of $1.67m for FY 2013-14. “As a purpose-driven bank, putting profits back into the community is extremely important to us. We’re proud to be leading the way not just in Australia but globally. If all banks spent 4% of their profit in the community, the impact would be billions.” said Steve James, CEO of Teachers Mutual Bank. The LBG data shows that Teachers Mutual Bank invests 4.55% of profits back into the community, 12.6 times the financial services sector average for Au & NZ. The mutual’s community investment of 4.55% of pre-tax profit is; 9.3 times the LBG Au & NZ average of 0.49%. 3.1 times the LBG Global Review average of 1.46%. 12.6 times the LBG Au & NZ financial services sector average of 0.36%. Teachers Mutual Banks’ average contribution per full-time employee (FTE) is $3,867. This is; 6 times the LBG Au & NZ finance sector average of $645. 5.2 times the LBG Global average of $750. As one of the smaller companies in the LBG Au&NZ membership, Teachers Mutual Bank’s community investment for FY2013/14 of $1.67 million compares to the LBG Au&NZ average company contribution of $4.09 million. About the LBG The LBG is the global standard for measuring and benchmarking corporate community investment. The LBG model provides a comprehensive and consistent set of measures to determine an organisation’s contribution to the community, including cash, time, in-kind donations, and management costs. There are 200+ corporate members worldwide, 164 companies participated in the Global and Au & NZ benchmarks, of which 46 were in Australia & New Zealand. 44 financial services companies are in the LBG benchmarks, including ANZ, Axa, Barclays, Citi, Credit Suisse AG, ING, NAB. 3 year trends 2014 LBG results Average score Teachers Mutual Bank score Difference of TMB to the Benchmark score Global LBG Benchmark (164 companies reporting) (1) $ Contribution as a % of pre-tax profit (NPBT) 1.46% 4.55% 3.1 times $ Contribution per employee $750 $3,867 5.2 times Contribution as % of total revenue 0.17% 0.69% 4.1 times LBG Au&NZ Benchmark (46 companies reporting) (2) $ Contribution as a % of pre- tax profit (NPBT) 0.49% 4.55% 9.3 times $ Contribution per employee $573 $3,867 6.7 times Contribution as % of total revenue 0.10% 0.69% 6.9 times Total Community investment $188m $1.67m 0.9% of total Average contribution per company $4.09m $1.67m 41% of the average LBG Au&NZ Benchmark financial services (7 companies reporting) $ Contribution as % of pre-tax profit (NPBT) 0.36% 4.55% 12.6 times $ Contribution per employee $645 $3,867 6 times Contribution as % of total revenue 0.12% 0.69% 5.8 times Average contribution per finance company $11.9m $1.67m 16% of the average Total contribution by this sector $69.77m $1.67m $72m in total (1) Of the 164 LBG Global members ( includes Au&NZ) 44 (26%) are financial services; Access Bank, Allianz UK, ANZ, Arab African International Bank, Australian Unity, Aviva, AXA, Banco Espirito Santo, Bank of America, Merrill Lynch, Barclays, BBVA, Capital One, Citi, Credit Suisse AG, Deutsche Bank AG London, Friends Life, GE Money Bank, ING, Intesa San Paolo, Investec plc, IPF, Medibank, NAB Nationwide, Old Mutual Group, Provident Financial, Prudence Foundation, Prudential, PZU, Raiffeisen Bank , Rothschild, RSA Group, Santander, Schroders, Standard Chartered, Standard Life, Suncorp, Teachers Mutual Bank, The Royal Bank of Scotland Group, UBS, Unicredit, Zurich (2) Of the LBG Au&NZ total of 46 companies, 7 (15%) are financial services; ANZ, Australian Unity, Medibank, National Australia Bank, Suncorp Group, Toyota Financial Services, Teachers Mutual Bank Note: Data is taken from the official LBG report provided to Teachers Mutual Bank, and public data from LBG International report, and the 2014 London Benchmarking Group Australia and New Zealand Annual Benchmark Review. Data is from FY 2014. Back to top.