Banking for good

A different kind of bank

As a mutual bank, we have a different structure to Australia’s major banks. We are 100% owned by our members, meaning instead of profits being distributed to shareholders and investors through dividends, our profits are reinvested to benefit our members and communities. We focus on people, planet and profit, aiming to deliver the best outcomes for members.

For us it’s built in, not bolted on.

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What B Corp Certification means

For more than a decade we’ve embedded sustainability into the way we operate. We’ve used independent third-party certification and assessments to measure our performance, and B Corp Certification is an independent recognition of that effort.

Teachers Mutual Bank Limited is one of only 60 banks globally to be a Certified B Corporation¹, part of a worldwide movement building an inclusive, equitable and regenerative economy.

B Corp Certification is achieved by meeting high standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. It is one of the few certifications that measures a company’s holistic social and environmental performance.

Certifying as a B Corp goes beyond product or service level certification. B Corp Certification measures standards across the entire bank’s performance across key social, environmental, and governance areas, by third-party verification.

There are approximately 10,000 B Corps globally, just over 1,200² of these are Australian and New Zealand companies, and only eight are Australian mutual banks².

B Corp Certification is important to our members

Certified B Corps are required to implement legal governance to demonstrate that a company is not only committed and accountable to creating lasting value for all stakeholders but is credibly using their business as a force for good.

For our bank, this required us to ask our members to approve an amendment to our Constitution to reflect our B Corp status and affirm our commitment to be a force for good for our members and the planet. In November 2022, our members approved this Constitution amendment with a positive vote of 91.4%.

Recertification as a B Corp

B Corp Certification is for three years, after which a company must recertify. This is because, according to B Lab, ‘impact’ is neither a destination to be reached nor a box to be ticked, but a commitment to continuous improvement.

Our bank successfully recertified with B Lab in 2025. Our current score is 121.6, a 19% improvement on our original performance score achieved in January 2022³.

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Our bank is a Responsible Investment Leader

For four consecutive years, we were the only bank to be recognised as a Responsible Investment Leader by Responsible Investment Association Australasia (RIAA) 2021-2024⁴.

A Responsible Investment Leader, as defined by RIAA, is a company who has an exceptional ability to deliver on its responsible investment promises and demonstrates:

• a commitment to responsible lending
• the explicit consideration of environmental, social, and governance factors in investment decision making
• strong collaborative stewardship, and
• transparency in reporting activity, including the societal and environmental outcomes being achieved.

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In FY25, we invested more than $1.1 million to support services and programs to help our communities thrive.

Supporting teaching and nursing university students complete their studies

Recognising the transformative power of education, we support a range of programs designed to help students through their learning pathway. We provide bursaries to pre-service teachers and third-year nursing and midwifery students and uniform endowments to first-year nursing students. We also provide scholarships to support a qualified nurse further their qualifications in their chosen field.

Supporting industry research

In FY25, the findings from the Nursing Resilience project, which we part-funded in partnership with Australian Catholic University (ACU), were published. Addressing key industry challenges, the research project identified ways to improve retention, support, and course completion for nursing students. In FY26, ACU is planning to launch a second phase of this important research project.

Supporting continuing professional development

Teachers Mutual Bank Principals Scholarship

Since 2013, the Teachers Mutual Bank Principals Scholarship has recognised outstanding leadership in Australian public education. Delivered in partnership with the Public Education Foundation, the scholarship is awarded annually to a principal from a government primary or secondary school who demonstrates strong leadership, a deep commitment to public education, and the capacity to make a meaningful impact in their community.

Scholars attend a professional education program at Harvard University’s Graduate School of Education in the USA. Designed specifically for school leaders, the program challenges participants to reflect on their values, grow their leadership capability, and return with renewed inspiration and practical strategies to positively influence their schools and communities.

Teachers Mutual Bank Victorian Mid-Career Scholarship

The Teachers Mutual Bank Victorian Mid-Career Scholarship, delivered in partnership with the Public Education Foundation, supports public school teachers in Victoria with between 5-15 years of experience. The scholarship supports educators to build on their professional strengths and continue developing their teaching practice.

The scholarship empowers teachers to pursue unique and tailored professional development — whether that’s an immersive single course, an overseas learning experience, or a tailored suite of activities that deepen their expertise. It offers scholars time to explore and grow their teaching practice and bring fresh inspiration and ideas back to their school communities.

This scholarship represents our commitment to invest in educators, helping them to make a meaningful difference in the lives of Victorian students.

NSW Premier’s Teachers Mutual Bank Aboriginal Education Scholarship

The Premier’s Teachers Mutual Bank Aboriginal Education Scholarship supports teachers who are delivering Aboriginal education to both Aboriginal and non-Aboriginal students across NSW.

The scholarship provides an opportunity for teachers to deepen their knowledge and understanding of Aboriginal education and bring enriched, culturally informed learning experiences back to their school communities.

Scholars receive a five-week study tour, either within Australia or overseas, to explore innovative approaches to Aboriginal education and engage with communities, experts and leading practices.

Bell Shakespeare

Since 2016, alongside our partner Bell Shakespeare, we have provided 30 primary and secondary teachers from across Australia with a year-long mentorship, the National Teacher Mentorship. In this professional development program, teaches learn innovative teaching techniques, Shakespeare strategies, and learning principles to engage students across all year levels. Of those who’ve taken part in the program, 77% of those surveyed reported that the Mentorship positively impacted their decision to stay in teaching⁵.

Engaging with industry

We engage with representatives from across the education, health, and emergency services sectors at conferences, orientations, graduations, and worksite events across Australia, providing information about the products and services we provide for their industries and communities we serve.

Partnering with our community

Stewart House

For more than 40 years, we’ve partnered with Stewart House⁶. Each year, they offer 1,600 public school children impacted by health or family issues 12 days of respite care, programs, excursions, and medical treatment and screening at no cost to their parents or carers. Each child is recommended by their school principal as needing a break from their everyday life.

Take Five Initiative

Recognising the everyday efforts of teachers, nurses and midwives, this program enables colleagues to recognise their peers for the small, impactful actions that makes them a great professional to work with and great at their job.

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Our contribution towards reconciliation

In June 2022, we launched our Reflect Reconciliation Action Plan (RAP), our first formal reconciliation step – our opportunity to learn, listen, and build stronger relationships with Aboriginal and Torres Strait Islander peoples.

Our Reflect RAP gives us a structured framework to turn our good intentions into action. It has helped our people understand the importance of reconciliation and where our bank can make the biggest impact.

This has helped us build a strong foundation to contribute to the reconciliation movement and has positioned us to move to the next stage on our reconciliation journey.

In 2026, we will deliver our Innovate RAP, signalling our commitment to reconciliation, building on what we’ve learned and continuing to take measurable and accountable actions steps forward.

Our Reconciliation partners

Our dedication to reconciliation is reflected in our commitment to community programs, support of local events, sponsorship programs, partnerships, employee volunteering, and staff initiatives that give back to our communities.

• In 2025, we partnered with the Indigenous Literacy Foundation to provide 2,000 culturally relevant books to Indigenous communities and sponsored Indigenous Literacy Day at the Sydney Opera House.
• We have engaged Speaking in Colour, a 100% Aboriginal-owned business to provide First Nations support and advice in the delivery of our Innovate RAP.
• In 2023, we engaged Fifteen Times Better to provide us a Benchmark Assessment on our current First Nations activities and impact.
• We partnered with Koori Kicks Art to commission an artwork by Lee Hampton for our Reflect RAP. Our Artwork was titled ‘Growing Our Community Strong Together.’
• In 2022, we engaged Murawin Consulting to act as our Cultural Friend and provide support and guidance in the delivery of our Reflect RAP actions and deliverables.
• We engaged with Corporate Culcha to partner and support the development of our Reflect RAP.
• Since 2016, Teachers Mutual Bank has been a sponsor of the NSW Premiers Teachers Mutual Bank Aboriginal Education Scholarship supporting excellence in Aboriginal education.

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