Teachers Mutual Bank, as part of Teachers Mutual Bank Limited, has become the only Australian company to be recognised as one of 2019’s World’s Most Ethical Companies1 by the global body the Ethisphere Institute. The Bank was one of only five banks globally to receive this citation.
What is a ‘World’s Most Ethical Company’ evaluation?
The World’s Most Ethical Companies are awarded by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices. Organisations are assessed across categories including ethics and compliance, corporate citizenship, governance and leadership, innovation and reputation.
In 2019, there were 128 companies named as a World’s Most Ethical (WME) Company, spanning 21 countries and five industries. The full list is available on the Ethisphere and World's Most Ethical website.
Find out more about ethical banking
What does it mean?
Our commitment is to be a world leading ethical business, and WME is one of the primary methods to measure this.
We aim to continually improve on our performance. We make sure we are accountable, and benchmark ourselves against world leading standards. Our members can be confident that we are acting in their best interests at all times and put their needs above all else.
We demonstrate our commitment everyday:
About the WME evaluation
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. 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%).