- Maintaining competitive advantage in the growing ESG market for mutual banks
- Addressing concerns about greenwashing in the responsible investment sector
Teachers Mutual Bank Limited
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
Renewable Energy
100% of buildings running on renewable electricity by 2027
of total energy
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021-2022 | 920 tCO2e/year (Scope 1 & 2) |
| 2020-2021 | 1.1K tCO2e/year (2020-2021) |
| 2016-2017 | Reduced by 28% (from 2014) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced operational emissions by 80% from FY2017 to FY2023 while assets grew by 60%
- Scope 2 emissions effectively reduced to zero for offices using Greenpower in FY22 and FY23
- Emissions intensity reduced by 87% (in terms of assets) and 82% (in terms of employees) from FY17-FY23
- $1.43 million invested in emissions reduction since 2016 (primarily EVs, LEDs, and PV)
- Commitment to a 100% EV car fleet by 2027
🎯 Climate & Sustainability Targets
🔜 Short-term
- Increase B Corp score by January 2025
📅 Medium-term
- Achieve 100% EV car fleet by 2027
🌱 ESG Focus Areas
Climate ChangeResponsible InvestmentReconciliation with First Nations AustraliansDiversity and InclusionCommunity InvestmentFinancial LiteracyGovernance