5 June 2013 — Teachers Mutual Bank has taken out the Best Bank in Socially Responsible Performance category in the Australian Banking and Finance Award.
Chief executive officer Steve James said as a mutual bank “we continue to punch above our weight on sustainability because our business believes that profit has a purpose”.
The 23rd annual Australian Banking and Finance Awards were held in Sydney on May 30.
Entrants in the socially responsible performance category had to demonstrate:
- environmental protection
- respect for human rights
- the continuing improvement of working employment and relations conditions
- social commitment
- responsibility attitudes with suppliers and customers
- transparency and effectiveness of corporate governance