Wholesale Short Term Deposits (STDs)

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:	No inclusions
It fully excludes:	Alcohol Armaments Fossil fuels Gambling Pornography Tobacco
Broker	Responsible Returns
URL	https://www.responsiblereturns.com.au/investment-options/wholesale-short-term-deposits-stds/profile

Overview

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

Wholesale Short Term Deposits (STDs) are Certified Ethical because these products are subject to ethical exclusion criteria that applies across 14 categories.

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.

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.

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

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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.

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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.