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Teachers Mutual Bank Limited (TMBL) has completed a $450,000 investment that ensures renewable energy is generated across all of its owned buildings. TMBL, one of Australia’s largest mutual banks, has installed 612 solar panels and 1,826 LED lights, which would cut greenhouse emissions by 28% and save $750,000 over the next five years, according to the independent report by the Incus Group.
Two of the four buildings that have been upgraded will export solar power to the grid. Combined with carbon offsets, TMBL now has “net zero” buildings – those which generate clean energy and have net zero carbon emissions.
Teachers Mutual Bank’s Chief Executive Officer, Steve James said the investment in solar energy was a significant step towards ensuring sustainability was embedded across the business. “The investment in renewable energy is essential to minimising our environmental footprint and to ensure that we are investing in a green future, taking responsibility for generations to come” he said.
The Incus Group report, ‘An Assessment of Energy and Emissions performance of buildings at Teachers Mutual Bank’, assessed environmental credentials with a focus on greenhouse gas emissions.