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Socially responsible banking at Teachers Mutual bank Limited.

Our Certified responsible and ethical Investment products increased

14 October 2020

At our bank, all retail deposits, mortgages, and wholesale funding is Certified as ethical or responsible, representing 97% of all products that the Bank sells. These are measured over time on the balance sheet. 

  • Total Certified products increased by 85% from $764m to $1,413m in the 12 months to 30 June 2020
  • $649m of Certified products were added in 12 months, compared to $544m in the previous 12 months
  • Certified ethical investment products increased by 46% ($194m) from $420m to $614m 
  • Certified responsible investment products increased by 132% ($455m) from $344m to $799m
  • Total Certified products represent 17.4% of the Bank’s balance sheet, compared to 9.5% as of 30 June 2019 and 3.1% as of 30 June 2018

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