Former EWEA CEO Corin Millas reports from Australia’s Teachers Mutual Bank, where he is Corporate Social Responsibility Strategist
- Teachers Mutual Bank’s $500 million Debt Issuance Programme has been certified by the RIAA (The Responsible Investment Association of Australasia) on the basis that Teachers Mutual Banks’ Policy is ‘the exclusion of lending to, or investing in, large scale greenhouse gas pollution from fossil fuel exploration, extraction, production and use’.
- It is the first certified responsible investment wholesale cash product in Australia.
- It is the first certified responsible investment wholesale cash product that is based on fossil fuel lending and investing exclusion.
- Teachers Mutual Bank is the only bank in Australia with a certified responsible investment wholesale cash product, the proceeds of which are used to fund the balance sheet.
- Teachers Mutual Bank is the first Australian bank to have a wholesale debt issuance programme certified on the basis that the proceeds exclude ‘lending to, or investing in, large scale greenhouse gas pollution from fossil fuel exploration, extraction, production and use’.
