Teachers Mutual Bank Ltd Deposit products

Product Name	Teachers Mutual Bank Ltd Deposit products
Issuer	Teachers Mutual Bank Ltd
Category	Banking
Type	Deposit/Savings account
Target	Retail
Certified Since	2018

Asset Classes	Cash
Markets	Australia
Investment Approaches	Negative Screening, Minimum-standards (norms-based) screening
It Includes:	No specific themes
It has some level of screening for:
It fully excludes:	Alcohol Armaments Fossil fuels Gambling Logging Nuclear power Pornography Tobacco
Broker	Responsible Returns
URL	https://www.responsiblereturns.com.au/investment-options/teachers-mutual-bank-ltd-deposit-products/profile

Overview

The Bank operates under distinctive socially responsible strategies, standards and practices, and these apply to all our products - primarily mortgages and deposits. When members or customers deposit funds with the Bank, these are all subject to specific social responsibility exclusion criteria when providing credit. This means that we do not invest their money in the fossil fuel industry, or other harmful industries. Teachers Mutual Bank Limited (‘the Bank’) operates four divisions: Firefighters Mutual Bank, Health Professionals Bank, Teachers Mutual Bank, and UniBank

Description

The Bank has specific social responsibility exclusion criteria that applies to all deposits at the bank - it is a 100% blanket exclusion across 14 named ESG criteria

Certification covers all retail deposits by the four divisions: Firefighters Mutual Bank, Health Professionals Bank, Teachers Mutual Bank, and UniBank.
Certification commenced on December 1, 2018, which means that after that date every deposit account we open and every deposit made adheres to these exclusion criteria.

For the consumer these are the statements we provide;

The money you deposit with us is never used to fund damaging industries such as fossil fuels, gambling or tobacco.
So when you deposit funds with us, we don’t lend it to harmful industries like alcohol, tobacco or fossil fuels.
We apply strict social responsibility criteria when it comes to investing and lending our members’ money
We invest money responsibly and ethically under strict rules.
We do not lend to or invest in sectors that harm our society or our world.

ESG exclusion criteria
'Various lending opportunities are disqualified from the Bank’s lending origination business. Such exclusions are where the primary purpose of the entity or business is alcohol, armaments, correctional facilities, cryptocurrency, deforestation or gross environmental degradation, fossil fuels, gambling, military activities, political activities, pornography, slavery, tobacco or uranium'.

Performance results

Product holdings

Product documentation

Supporting documents

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The products featured on this site have all achieved certification under the Responsible Investment Association Australasia’s (RIAA) Responsible Investment Certification Program.

Transparency & Verification

What sets these investment products aside from regular ones on the market is they all have some type of responsible or ethical strategy applied to them.

At a minimum, their issuers explain these strategies in public documents and open their offices and books to third party verifiers who check these strategies are implemented according to what you read about them publicly.

You can also click through to see the underlying managers and / or stock holdings in each certified product as well as access a certified product’s recent performance results.

Stewardship & Impact

In July 2019, we lifted our requirements of certified products which we are phasing in over 18 months.

We now require that issuers have organisation-wide commitments to responsible investing and they exercise their responsibilities as stewards of your money - through engaging with companies to improve sustainability performance and voting on shareholder resolutions where possible. All certified products now need to at least avoid significant harm and their issuers will annually report against any sustainability-based claims made by their products. This uplift in program standards is part of our passion for, and on-going commitment to, responsible and ethical investing.

Even though we're lifting the bar, we know your convictions to doing good with your money may be higher and so we have served up our member's certified products with a large dose of transparency and independent verification, so that you can draw your own conclusions from reliable information and choose investments that best suit your individual needs.

*Information Disclosures

While all reasonable efforts are undertaken to ensure information and links on site are current there may be instances where information and documents are updated during the course certification (eg. PDS, Fact Sheet). Certified product issuers are required to update this information as soon as possible on the Responsible Returns site, but there may be some extenuating circumstances impacting timeframes.

The certification program may also assess information provided for certification based on proposed future changes to a responsible investment process that is in-line with Responsible Investment Association Australasia’s (RIAA) Responsible Investment Certification Program criteria. In such instances, members are similarly required to update this information on Responsible Returns within an agreed future timeframe. Old document versions may be reflected on site until this process is finalised.

Teachers Mutual Bank Ltd Deposit products

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