FY22 Annual Report published: Teachers Mutual Bank Limited strengthens global lead in socially responsible banking
Teachers Mutual Bank Limited’s Annual Report and Sustainability Update 2021-22 has been released, detailing the Bank’s achievements that prove its ongoing commitment to its purpose: ‘Banking for good, for those who do good’.
Key results include:
- Becoming a Certified B Corporation joining 5,000 organisations worldwide committed to using business as a force for good
- One of the World’s Most Ethical Companies nine years in a row
- $10.8 billion in RIAA (Responsible Investment Association of Australasia) Certified investments
- Green Bank of the Year in the 2022 Finder Green Awards
In FY22, as a purpose driven bank, Teachers Mutual Bank Limited reset its strategy including evolving one of its three values of Sustainability to be ‘We invest our Members money ethically and responsibly. We run our Bank for people, planet and profit.’
Reflecting on the strategy Teachers Mutual Bank Limited CEO Steve James, said: “We recognise the importance of measuring our performance beyond profits. As we move towards a more sustainable future, acting in the best interests of our Members, our communities and the environment will lay the foundations for our long-term success. Socially responsible banking drives everything we do. We’re proud to be a bank for good, for those who do good. We put people before profit – it’s central to the way we do business.”