Teachers Mutual Bank Limited
New South Wales, Australia
Deposit bank - Developed Markets
Service with Minor Environmental Footprint
Teachers Mutual Bank Limited is one of the largest customer owned banks in Australia, with over 220,000 Members and $10 billion in assets. Our purpose is providing banking for good, for those who do good. We serve Australians working in education, emergency services, health care and universities through five divisions: Teachers Mutual Bank, Health Professionals Bank, Firefighters Mutual Bank, UniBank and digital bank, Hiver Bank; brand divisions are not separate entities to TMBL. Our members contribute so much to society and they deserve a bank that makes a positive social impact. Our core values of Advocacy, Passion and Sustainability underpin all of our actions. One of our main aims is to bolster our governance, policies and operations so that the Bank is run for people, planet and profit. B Corp builds on our socially responsible banking credentials. We’ve been named as One of the World's Most Ethical Companies for ten years in a row. We’re the only Australian bank to have wholesale investments and retail mortgages and deposits certified as Responsible Investments by the Responsible Investment Association Australasia (RIAA). We were the first bank to join the investor-led Climate League 2030 to cut Australia's emissions by 45% in line with the Paris Agreement.
Overall B Impact Score
Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
What is this? A company with an Impact Business Model is intentionally designed to create a specific positive outcome for one of its stakeholders - such as workers, community, environment, or customers.
Previous Overall B Impact Scores
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