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Socially responsible banking at Teachers Mutual Bank Limited.

Acting on climate change and fossil fuels

25 May 2019

Various lending opportunities are disqualified from our lending origination business. Such exclusions are where: 

  • The purpose would be to finance large scale greenhouse gas pollution from fossil fuel exploration, extraction, production and use
  • The purpose would be to directly lend to, buy equity or debt in any large scale greenhouse polluting activities from fossil fuel exploration, extraction, production and use.’
  • The Bank will not directly invest in any large scale greenhouse gas polluting (i.e. fossil fuel exploration, extraction, production and use) activities or companies’.

Read about our position on climate change