Teachers Mutual Bank Limited the only bank named as a Responsible Investment Leader by RIAA for the second consecutive year
Teachers Mutual Bank Limited (TMBL) is the only bank to be recognised as a Responsible Investment Leader for two consecutive years, positioning the Bank as a leader in Responsible Investment.
TMBL was also recognised as a Responsible Investment Leader in 2020.
Being a Responsible Investment Leader recognises our whole-of-organisation attributes.
Key points include:
- A Responsible Investment Leader is an organisation that demonstrates the ability to deliver on responsible investment promises set out in its policies, through having a range of appropriate and systematic processes in place.
- Responsible Investment Leaders demonstrate a commitment to responsible investing; the explicit consideration of environmental, social and governance (ESG) factors in investment decision making, strong and collaborative stewardship; and transparency in reporting activity, including the societal and environmental outcomes being achieved.
- Responsible Investment Leaders achieve a score of 15 out of 20 or above on RIAA’s Responsible Investment Scorecard, as captured and assessed for the annual Australia Responsible Investment Benchmark Report. The Scorecard consists of 15 questions, covering four key areas, or pillars:
- Pillar 1: Coverage of and commitment to responsible investing and transparency
- Pillar 2: Enhancing risk management through explicit and systematic consideration of ESG factors and other screens, including reporting of these
- Pillar 3: Being strong stewards for more sustainable and resilient assets and markets
- Pillar 4: Allocating capital to benefit stakeholders and contribute to solutions as well as measurement and reporting of outcomes
- Responsible Investment Leaders demonstrate strong governance by publishing responsible investing policies and processes and inviting stakeholders to hold them to account for their performance against targets which they set and report against. A key aspect of this strong governance is transparency, and Responsible Investment Leaders are expected to fully disclose holdings across all portfolios they manage on behalf of their clients.