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Teachers Mutual Bank named one of the World’s Most Ethical Companies for third year in a row
Teachers Mutual Bank has again been named as a ‘2016 World’s Most Ethical Company’ by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.
Teachers Mutual Bank is one of only four banks named on the World’s Most Ethical Companies list, announced in the US last night. The list has 131 companies from 54 industry sectors in 21 countries.
The main evaluation categories are: Corporate Citizenship and Responsibility; Ethics and Compliance Program; Corporate Governance; Leadership, Innovation and Reputation; and Culture of Ethics.
"We are proud to be named one of the World’s Most Ethical Companies for the third year in a row. It is a significant achievement that our ethical business performance continues to be world leading” said Steve James, CEO of Teachers Mutual Bank. "We are proof that an ethical approach does not impact profitability".
“As a purpose driven bank, we believe it is important to adopt ethical and socially responsible practices. This includes gender equality, community programs, overseas aid, solar power and responsible investment”.
Teachers Mutual Bank continually benchmarks itself against industry leaders from around the world. The Bank reports its performance against 96 targets and KPIs, ensuring that sustainability as a core value is embedded across the business.
About the Ethisphere Institute
The Ethisphere Institute is the global leader in defining and advancing the standards of ethical business practice.The World's Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient (EQ) framework and honours superior achievements in transparency, integrity, ethics and compliance. This year marks the tenth anniversary of Ethisphere and the World’s Most Ethical Companies designation.