Teachers Mutual Bank one of the world’s most ethical companies

26 March 2014

BCCM member Teachers Mutual Bank has been named as one of the World’s Most Ethical Companies by the Ethisphere Institute, a US-based independent centre of research promoting best practices in corporate ethics and governance.

Teachers Mutual Bank was one of only three globally awarded Australian organisations to be recognised for continuing to raise the bar on ethical leadership and corporate behaviour. 144 honourees were chosen from thousands of submissions, of which only three were Australian. All three Australian companies were banks, and Teachers Mutual Bank, by far the smallest of the three, was recognised for its work in its five sustainability priority areas – business practices, the education sector, its members, its employees, and the environment.

“We’re honoured to be recognised at an international level by the Ethisphere Institute, and are proud to be punching above our weight alongside the biggest in the industry when it comes to ethical business practices and sustainability,” said Steve James, CEO, Teachers Mutual Bank

“For us, it’s not a bolt-on, it’s at the very heart of our strategy. It’s great to see Australia leading the world in ethical banking practices which is testament to the forward-thinking nature of our industry,” he said.

“The award is testament to our long-term commitment to responsible corporate citizenship and reinforces our position as an industry leader in sustainable business operations.”

Source: Teachers Mutual Bank media release, Teachers Mutual Bank named one of the World’s Most Ethical Companies, March 21

Source: Australian Banking + Finance, Teacher’s lesson on ethical banking practices, March 23

Read The Adviser, Three Aussie lenders named among world’s most ethical companies, March 24