Teachers Mutual named #4 in the Top 40 Best Workplaces to Give Back Award 2023
Winners have been announced for 2023’s Australia’s Best Workplaces to Give Back 2023 run by GoodCompany. The Bank was named #4 on the list, up 8 places from 2022.
The list includes some of Australia’s most well-known companies, with Origin, Mirvac and Accenture as top 3.
This is the 3rd year we have been ranked in the Top 40 - Teachers Mutual Bank was listed as #12 in 2022 and #13 in 2021.
The awards are judged by a written submission and measure a variety of factors including: community investment, our CUFA project, staff volunteering and donations, and wide CSR policies such as B Corp and green power.
Other companies in the Top 40 include: Optus, ANZ (#7), Zurich, Medibank, Clayton Utz, Energy Australia, King & Wood Mallesons.
In FY2023 Our total community investment was $1.1 million, 4.0% of NPAT. 108 staff volunteer hours were used to support charities of their choice, and our people donated $24,880 in FY23 to causes that matter to them. We partner with Aboriginal and Torres Strait Islander Peoples through our Reconciliation Action Plan (RAP).
About the awards
Companies were assessed based on their comprehensive Corporate Social Responsibility (CSR) programs and initiatives that empower their staff to contribute positively to the community. The evaluation factors included the extent of volunteer leave, the budget allocated towards volunteering, payroll and matched donations, and various other pro-social policies and programs.
In a significant advancement from previous years, GoodCompany utilised artificial intelligence to determine this year's rankings.
CEO of GoodCompany Ash Rosshandler said that companies were increasingly recognising the growing number of employees looking for meaningful jobs that offer a variety of pro-social initiatives to help people make real impact and feel a greater sense of purpose through their work. “Encouraging employees to support causes that they’re passionate about can have a huge, positive impact on morale and culture while bolstering a company’s employee value proposition,” said Mr Rosshandler. “What makes this year’s list standout is that it’s taken place against the backdrop of significant cost-of-living pressures and rising demand1 for support from charities and the community sector, especially from vulnerable Australians who we know are often most affected. Congratulations to Origin and all other winners for their commendable work supporting your people to give back and make a difference in communities this year,” he said.