Teachers Mutual Bank Limited is the first mutual bank to join Australian Sustainable Finance Institute

Teachers Mutual Bank Limited is the first mutual bank to join ASFI (Australian Sustainable Finance Institute) and its mission to deliver a ‘bold plan to reshape Australia’s finance system’

Teachers Mutual Bank Limited is proud to share our ongoing commitment to shaping a more sustainable financial Australia by announcing our recent Membership with the Australian Sustainable Finance Institute. 

The Bank is the 35th financial institution to join and the first mutual bank to join alongside leading  membership companies such as  Aware, Hesta, the big 4 banks, IAG, Vanguard, EY and Moodys.

About the Australian Sustainable Finance Institute (ASFI)

• MISSION: To realign the Australian financial services system so that more money flows to activities that will create a sustainable, resilient and inclusive Australia. We do this by coordinating, facilitating and driving implementation of the Australian Sustainable Finance Roadmap.
• The health, sustainability and stability of our economy is inextricably linked with the health, sustainability and stability of our people, society and the natural systems on which we all depend.
• ASFI has grown out of an unprecedented collaboration between the finance sector, that came together to help shape an Australian economy that prioritises human well-being, social equity and environmental protection, while underpinning financial system resilience and stability.

Our participation and contribution to ASFI

• 2018 The commitment to build the Roadmap was made at the 2018 United Nations Environment Programme Finance Initiative (UNEP FI) conference on Financing a Resilient and Sustainable Economy in Sydney. Teachers Mutual Bank Limited was invited to speak on the panel discussing sustainable banking practise across the banking sector.
• 2019 Teachers Mutual Bank Limited is one of three mutual banks in the 80+ group that contributed and formed the Roadmap Recommendations.
• 2020 The Roadmap is released and Teachers Mutual Bank Limited supports the 37 Recommendations
• 2020 1 of 4 key recommendations is for financial system participants to embed sustainability into their organisation’s purpose, strategy and leadership ‘Embedding Sustainability into Leadership -‘Sustainability should be led from the top of FIs and mainstreamed through the business’ purpose, strategy, risk management framework, remuneration structures and organisational culture.
• 2021 ASFI releases the Momentum Tracker report, mapping the progress of the financial services sector together with governments, regulators, civil society and academics in implementing the ASFI Roadmap. Teachers Mutual Bank Limited is 1 of 30 case studies in the report contained in the section ‘Embedding sustainability into leadership’,
• 2022 ASFI releases the Australian Sustainable Finance Progress Tracker Second Report, that spotlights Teachers Mutual Bank Limited as the Case Study for embedding sustainability in organisational leadership and practice
• 2022 The report is released on 28 October, 2022 at the inaugural Australian Sustainable Finance Summit Teachers Mutual Bank Limited is invited to speak on the leadership panel.