Banking for Good

Banking for good, for those who do good

For more than a decade, and well before it was commonplace in the Australian financial sector to do so, our bank has been proactively embedding sustainability into our core business. Our approach, founded on external, independent third-party certification and assessments of our performance, has included significant milestones such as B Corp Certification¹, and being the only bank to be named as a Responsible Investment Leader² by Responsible Investment Association Australasia four times. We strive to continually improve and are targeting a higher B Corp Certification score in 2025.

We know that our commitment to sustainability is both important to and valued by our members. At our 2022 Annual General Meeting, our members voted to amend our constitution to meet the ongoing B Corp Certification requirements. 

We are profit for purpose

As a mutual bank, we have a different structure to Australia’s major banks. We are 100% owned by our members, meaning instead of profits being distributed to shareholders and investors through dividends, our profits are reinvested to benefit our members and communities. We focus on people, planet and profit, aiming to deliver the best outcomes for customers. For us it’s built in, not bolted on.

Our Sustainability Value 

We invest our members’ money responsibly. We run our bank for people, planet and profit.

Read the Banking for Good report

1. Teachers Mutual Bank Limited - Certified B Corporation - B Lab Global

2. 2021-2024, responsibleinvestment.org/responsible-investment-leaders