Teachers Mutual Bank
Teachers Mutual Bank, established in 1966, is a leading financial institution headquartered in Australia, primarily serving the education sector. With a strong presence across major operational regions, including New South Wales, Victoria, and Queensland, the bank focuses on providing tailored banking solutions for teachers and educational professionals. Specialising in personal banking, home loans, and investment products, Teachers Mutual Bank distinguishes itself through its commitment to ethical banking and community support. The bank has achieved notable milestones, including recognition for its customer service excellence and sustainable practices. As a member-owned institution, it prioritises the needs of its members, ensuring competitive rates and personalised service, solidifying its position as a trusted partner in the education community.
DitchCarbon Score
How does Teachers Mutual Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Teachers Mutual Bank's score of 0 is lower than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Teachers Mutual Bank's reported carbon emissions
In 2023, Teachers Mutual Bank reported total carbon emissions of approximately 1,198,000 kg CO2e. This marks an increase from the 2021 emissions of about 1,103,000 kg CO2e, indicating a rise in their overall carbon footprint. The emissions reported encompass Scope 1 and 2, which are direct emissions from owned or controlled sources and indirect emissions from the generation of purchased electricity, respectively. Despite the increase in emissions, Teachers Mutual Bank has committed to addressing its climate impact. The bank has not set specific reduction targets but is in the process of developing them, with a deadline for submission set for July 31, 2023. Currently, they are not committed to a net-zero target. The bank operates within the financial sector in Australia, which is increasingly focusing on sustainability and climate commitments. As part of their climate strategy, Teachers Mutual Bank is expected to align with industry standards and best practices in reducing emissions, although specific initiatives or targets have yet to be disclosed. The bank's ongoing efforts reflect a growing recognition of the importance of climate action within the financial services industry.
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Add to project| 2021 | |
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| Scope 1 | - |
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Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Teachers Mutual Bank is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
