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	Property
Markets	Australia
Investment Approaches	Negative Screening, Minimum-standards (norms-based) screening
It Includes:
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

Every deposit account we open is a Certified Responsible Investment. 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 brands: Firefighters Mutual Bank, Health Professionals Bank, Teachers Mutual Bank, and UniBank

Description

The Bank operates under distinctive socially responsible strategies, standards and practices, and these apply to all our products - primarily mortgages and deposits.

The Bank has specific social responsibility exclusion criteria in relation to the provision of credit. The foundation of our mutual banking model is to use members and customers deposits to provide credit to members.

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

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Other products certified by the Responsible Investment Association Australasia (RIAA)

Teachers Mutual Bank Limited $500m Debt Issuance Programme – Information Memorandum dated 26 November 2018

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Teachers Mutual Bank Limited $500m Debt Issuance Programme - Information Memorandum dated 29 September 2014

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Wholesale Short Term Deposits (STDs)

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Teachers Mutual Bank Ltd Mortgage products

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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.