Product Name |
Wholesale Short Term Deposits (STDs) |
Issuer |
Teachers Mutual Bank Ltd |
Category |
Banking |
Type |
Term Deposit/Short Term Deposit |
Target |
Wholesale |
Certified Since |
2019 |
Asset Classes |
Cash |
Markets |
Australia |
Investment Approaches |
Negative Screening, Minimum-standards (norms-based) screening |
It Includes: |
|
It has some level of screening for: |
|
It fully excludes: |
|
| Broker | Responsible Returns |
| URL | https://www.responsiblereturns.com.au/investment-options/wholesale-short-term-deposits-stds/profile |
No specific inclusions
Alcohol
Armaments
Fossil fuels
Gambling
Logging
Nuclear power 
Pornography
TobaccoOverview
Teachers Mutual Bank Limited (‘The Bank’) Wholesale Sector Short Term Deposits (STDs) Funding. STD funding is comprised of :Negotiable Certificates of Deposit (NCDs), Wholesale term deposits, and Wholesale overnight deposits (11am cash- aT call) . Certification covers all new Wholesale STDs sold/issued by the Bank to any of the Bank’s counterparties. Wholesale Short Term Deposits (STDs) are Certified Ethical because these products are subject to exclusion criteria that applies across 14 categories such as fossil fuels and tobacco. That is, a wholesale counterparty who purchases these short term instruments is guaranteed that their funds are not lent to these industries.
Description
Various lending opportunities are disqualified from the Bank's 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, gambling, military activities, political activities, pornography, slavery, tobacco or uranium’.
Fossil fuel and climate change exclusions – various lending opportunities are disqualified from The Bank's 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; or
- 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.