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Teachers Mutual Bank Limited launches B Corp campaign to its 230,000 Members to vote to amend the Constitution to reflect its B Corp status at November AGM

Teachers Mutual Bank Limited (TMBL) has launched its campaign asking its Members to vote in favour of a special resolution at the Bank’s upcoming AGM on Saturday 19 November 2022 to update its Constitution to reflect its B Corp stats.

As a purpose driven bank, the proposed changes to its constitution reflect TMBL’s mission to be a force for good and demonstrates their commitment to act in the best interests of all stakeholders – including the community, its people and the environment.

Why are we asking Members to vote on updating our Constitution?

  • All B Corps must amend their Constitution, in the manner required, to reflect their commitment and maintain their status as a B Corp. Amending our Constitution to reflect our B Corp status affirms our commitment to be a force for good for our Members and the planet. It reinforces our obligation to live and breathe our core value of sustainability and to make sure we invest our Members’ money responsibly and ethically. 
  • These updates to the Constitution are supported by the Members Committee for Teachers Mutual Bank Limited.

How will this benefit Members?

  • The combination of third-party verification, public transparency and legal accountability makes B Corp certification unique, credible and significant.
  • When you vote in favour to amend our Constitution to reflect our B Corp status, you help our Bank remain a global leader in using business as a force for good, investing and lending responsibly and running our bank for people, planet and profit. 

Access the briefing here:

B Corp factsheet

Being a B Corp | AGM 2022

Read the results of the Member vote here