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Only four banks in the world have been named as a 2018 World's Most Ethical Company.
And we're one of them for the 5th year in a row!
Teachers Mutual Bank Ltd has been recognised by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the World’s Most Ethical Companies in 2018.
In 2018, 135 honorees were recognised, spanning 23 countries and 57 industries. Measuring and improving culture, leading authentically and committing to transparency, diversity and inclusion were all priorities for honorees. The recognition honours those who operate with purpose and incorporate integrity into their ecosystems, and underscores their commitment to leading with integrity and prioritising ethical business practices.
Teachers Mutual Bank has been recognised since 2014, and is one of only four honorees in the Banking industry category.
“Ethical banking for us is an expectation, not an aspiration” said Steve James, CEO Teachers Mutual Bank “Operating ethically is in our culture and our business practices; the World’s Most Ethical ranking delivers the credentials to back this up. To be named as a world ethical leader for the fifth year running shows that we punch above our weight on ethics.
The award builds on the bank’s 20 ethical achievements in FY2017, listed here.
The 2018 award includes Unibank. UniBank is a division of Teachers Mutual Bank Limited, a 2018 World’s Most Ethical Company.
The Ethisphere Institute is a 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.
Scores are generated in five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%) and leadership, innovation and reputation (10%).