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Teachers Mutual Bank Limited named among global ethical leaders for record eighth year

24 February 2021

Teachers Mutual Bank Limited has today been named as one of the 2021 World’s Most Ethical Companies, for the eighth year in a row. In 2021 it is one of only five banks across the globe to be named on the list.

Teachers Mutual Bank Limited CEO, Steve James, said: “We are extremely proud to have been named as one of the World’s Most Ethical Companies once again in 2021. Social responsibility drives everything we do – our products, practices and people.

“We are the only Australian bank to receive Certification from the Responsible Investment Association of Australasia for all of our retail deposits, mortgages and wholesale funding. Every single mortgage product we sell is socially responsible at no extra cost to our members.

“Global recognition from the Ethisphere Institute proves to our members that we meet stringent ethical standards. We believe that the future of banking is both digital and ethical, and we want to show that banking can be a force for good.”

The Ethisphere Institute CEO, Timothy Erblich, said: “Only one other bank in the world has topped Teachers Mutual Bank Limited’s record of being honoured eight years in a row. This demonstrates an unwavering commitment to the highest ethical values and enduring leadership to responsible practices. Teachers Mutual Bank Limited is a global ethical leader and we are delighted by their inclusion in the 2021 list”.

To receive the World’s Most Ethical Companies award, companies are assessed by global body the Ethisphere Institute on more than 200 individual areas including culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives that support a strong value chain.

About The Ethisphere Institute

The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at:

Media enquiries

Amanda Resurreccion
Corporate Affairs Manager
(02) 9735 9179 / 0429 421 611
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