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


For the eighth consecutive year, Mutual Bank for Teachers entered the Ethisphere Institute List of the most ethical companies in the world.

The Business Ethics Standards Research Group assesses companies in more than 200 individual areas. This includes the analysis of a company’s culture, its environmental and social practices, legal compliance, governance, diversity within the company and other initiatives that reflect these results throughout. of its value chain.

In 2021, Teachers Mutual is one of five banks to make the list of 135 companies operating in 22 countries in 47 different industries.

Teachers Mutual Bank Managing Director Steve James said social responsibility is the main driver of the bank’s products, practices and people, with a particular focus on mortgage loans.

“We are the only Australian bank to receive certification from Australasia Association for Responsible Investment for all of our retail deposits, mortgages and wholesale financing. Every mortgage product we sell is socially responsible at no additional cost to our members, ”he said.

If you are looking to take out a mortgage or savings account and want a vendor whose values ​​match yours, check out some of these ethical banking options.

* CAUTION: This comparison rate only applies to the example (s) given. Different amounts and terms will result in different comparison rates. Costs such as redemption or prepayment charges, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is that of a guaranteed loan with monthly repayment of principal and interest of $ 150,000 over 25 years.

** The initial monthly repayment figures are only estimates, based on the advertised rate, loan amount and term entered. The rates, fees and charges and therefore the total cost of the loan can vary depending on the amount of your loan, the length of your loan and your credit history. Actual repayments will depend on your personal circumstances and changes in interest rates.

^ See information on the Mozo Experts Choice Home Loan Awards

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About Walter Bartholomew

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