Investing for the future
At Teachers Mutual Bank we understand the importance of money. When it is invested responsibly, it can make a world of difference to the world around us.
That’s why social responsibility is built into our very foundations. As a member, you can expect your investments to be handled ethically and responsibly so your money can be used with our world’s best interests at heart.
Responsible Investment Association Australasia (RIAA) Certification means that every deposit account we open and every mortgage we sell is a Certified Responsible Investment product.
It's not just what we do, it's what we don't do
We apply strict social responsibility criteria when it comes to investing and lending our members’ money. We don’t directly invest in or lend money to industries that pollute the planet, and the money borrowed from us is not sourced from polluting industries. These exclusions are embedded in our lending and investment practices, in our Board approved Lending Risk, Treasury Credit Risk, Wholesale funding and Risk Appetite policies, and apply to 12 industries, including Alcohol, Gambling, Fossil Fuels, Tobacco, and ‘Industries that create environmental degradation, human rights abuses and labour rights violations’.
ESG (Environmental Social and Governance) criteria
We invest our members’ money responsibly and ethically.
We don’t directly invest in or lend money to industries that pollute the planet, and the money borrowed from us does not come from polluting industries.
ESG exclusions are embedded in our lending and investment practices, in our Board approved Lending Risk, Treasury Credit Risk and Wholesale funding policies.
Want to ensure every dollar you deposit is used in a responsible way?
Learn about our savings accounts
Be confident your home loan has Responsible Investment Certification
Learn about our range of responsible investment mortgages
Want to learn more?
What are the benefits for members?
- There are no additional costs or changes - the products remain the same
- Third party verification means our responsible investment credentials can be trusted, and that we are a leader.
- The deposits you give us is not used to fund various damaging industries such as fossil fuels
- The money we lend you for your mortgage does not come from damaging industries.
- Continue to benefit from cost competitive, low rates
About RIAA Certification
Retail mortgages and deposits have been certified by RIAA according to the strict operational and disclosure practices required under the Responsible Investment Certification Program. See www.responsibleinvestment.org for details.
Responsible Investment Association Australasia (RIAA) champions responsible investing and a sustainable financial system in Australia and New Zealand. RIAA is dedicated to ensuring capital is aligned with achieving a healthy society, environment and economy. With over 500 members representing US$29 trillion in assets under management, RIAA is the largest and most active network of people and organisations engaged in responsible, ethical and impact investing across Australia and New Zealand. Our membership includes super funds, KiwiSaver providers, fund managers, banks, consultants, researchers, brokers, impact investors, property managers, trusts, foundations, faith-based groups, financial advisers and individuals.
About Teachers Mutual Bank
We know how important it is to work in the education sector. That’s why we’re committed to financially empowering everyone in it. We’re driven by a people-first attitude and help our members on their life’s financial journeys as a long-term, professional banking partner, while upholding the values that support their communities.
Teachers Mutual Bank, originating over 50 years ago, is the only dedicated bank servicing the education sector. As one of the largest mutual banks in Australia, we have over 230,000 members, and more than $10 billion in assets.
It’s our commitment to responsible practices and investments that sets us apart. We invest profits back into our members, the education industry, the planet and the people on it. We lead by example and are committed to being a responsible business, as we believe it is the way business should be run, and that it should be driven by ethics.