Six times a global leader for Teachers Mutual Bank on community Teachers Mutual Bank is a global leader in community investment for the sixth year running, based on the results of the 12th LBG Annual Review of Community Investment 2017. Talk to us Phone us Email us Breadcrumbs Teachers Mutual Bank Community 2017 Six times a global leader for Teachers Mutual Bank on community 7 December 2017 7 December 2017 Six times a global leader for Teachers Mutual Bank on community 6.9% profits to community 23 times Financial Services sector average 5 times Global average Teachers Mutual Bank is a global leader in community investment for the sixth year running, based on the results of the 12th LBG Annual Review of Community Investment 2017. The LBG is the global standard for measuring and benchmarking corporate community investment. Teachers Mutual Bank invests 6.9% of pre-tax profits on community investment, which is: 11.2 times the LBG AU&NZ average of 0.61% 22.9 times the LBG AU&NZ Financial Services sector average of 0.3%, and 5.1 times the LBG Global average of 1.35%. In FY2017, Teachers Mutual Bank’s $2.7 million community investment is 6.86% of pre-tax profits (NPBT), equal to 9.8% of profits after tax (NPAT). Of the 160+ companies benchmarked globally, 34 (21%) are Financial services, including, ANZ, Barclays, HSBC, NAB, RBS and UBS. % profit invested in the community—LBG trends 2012-17 The gap between TMB and the AU&NZ Financial Services sector rose from 10-fold to 23-fold The gap between TMB and the Global Benchmark rose from 3.5–fold to 5-fold The LBG also measures the focus area of community investment. Teachers Mutual Bank directs 98% of its community investment into ‘Education and Young People’ compared to 18% for the Au&NZ average. About the LBG LBG’s measurement framework 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 and in-kind donations, as well as management costs. Recognised around the world, the framework is integrated into investor ratings like DJSI and supports reporting standards like GRI. Data is taken from the 12th LBG Annual Review of Community Investment 2017 (Australia and New Zealand and Global data) and TMB’s LBG report.
