Feel-Good Wealth

Feel good about banking with one of the World’s Most Ethical Companies.

Be Ethical

Being ethical is at the core of what we do. Find out what ethical and responsible banking means for UniBank, and our members.

Find out what socially responsible banking means for UniBank, and our members.

Consumers these days expect companies to be ethical. In a world of greenwash, credentials count.

At UniBank we’re proof that a bank can be both profitable and socially responsible – and financial security doesn’t mean sacrificing values.

Our values – Advocacy, Passion and Sustainability – are the drivers behind our commitment to operate as a world leading  socially  responsible bank. 

What we do

  1. We’re a world-leading, socially responsible bank. We are proof that a bank can be both profitable and socially responsible.
  2. Our commitment is verified by third party certification and assessment. 
  3. We were named as One of the World’s Most Ethical Companies 2023 for ten years in a row (2014-2023).
  4. We are a Certified B Corp Bank, one of 44 in the world, meaning we are a global leader in using business as a force for good. 
  5. We were named Green Bank of the Year 2022 in the Finder Green Awards, Highly Commended in 2023 and a Finalist 2020 and 2021.
  6. We are the only bank named as a Responsible Investment Leader by RIAA (Responsible Investment Association of Australasia) in 2021, 2022 and 2023. 
  7. We published more than 80 external results, which highlight our consistency and leadership in socially responsible banking year-on-year. 
  8. We invest our members’ money responsibly and ethically and run the bank for people, planet and profit. 
  9. We don’t directly invest in or lend money to industries that pollute the planet, and the money borrowed from us is not sourced from polluting industries.
  10. We are not like other banks – profit for purpose is our business model, and we are 100% owned by our Members.
     

 

  • Finder Green Bank of the Year

    Green Bank of the Year

    Now in its fourth year, our bank has been recognised as a sustainability leader, winning the Highly Commended award for Green Bank of the Year.

    The Finder Green Awards help Australians to find the companies leading the way on sustainability across numerous categories. With awards in the energy, insurance, banking, travel, shopping, superannuation and telecommunications industries, this is one of the broadest sustainability awards programs in Australia.

    All relevant companies are encouraged to enter the awards and winners are selected each year based on broad and sector-specific environmental metrics. These include greenhouse gas emissions, renewable energy usage and waste avoiding landfill.

    We were finalists for this award in 2020 and 2021 and Green Bank of the Year for 2022

    Our credentials for the award include:

    • We were the first bank to sign up to the investor-led Climate League 2030 position to cut Australia’s emissions by 45% by 2030 in line with the Paris Agreement. Our commitment is to reach an additional $20 billion in Certified Responsible Investment products by 2030.
    • We are the only bank in Australia to have all wholesale and retail mortgages and deposits certified by Responsible Investment Association of Australasia (RIAA) on the basis of zero fossil-fuel industry investment – as of December 2022 our RIAA product portfolio was $9.7billion. 
    • We are the only bank named as a Responsible Investment Leader by RIAA.
    • We have been net zero for our direct greenhouse gas emissions since 2012 (Scope 1 and 2). 
    • We cut our emissions as we grow. In the past five years, whilst total assets increased 76%, we reduced our Scope 1 and 2 emissions by 47% and our emissions intensity by 70%.
    • As part of our reduction strategy, we have invested $850,000 in our offices to install solar panels and other green initiatives.

    You can find out more about the Finder Green Awards here: https://www.finder.com.au/finder-awards/green

  • Certified B Corporation

    Certified B Corporation

    Certification to become a B Corp is a rigorous, verified performance assessment across 5 areas: Governance, Workers, Customers, Community, Environment, with a minimum score of 80 points, 300+ scored questions, multiple verification rounds, a series of interviews and data provision. The process took us over 12 months to complete.

    The combination of third-party verification, public transparency, and legal accountability makes certification unique, credible, and significant; it builds trust as it measures what matters most.

    Certification is administered by the non-profit global organisation B Lab. Unlike other certifications for businesses, B Lab is unique in its ability to measure a company’s entire social and environmental impact across all operations.

    Why it matters

    Third party assessments are proof that we can be trusted, that we really are a force for good in banking. Our purpose is to provide ‘Banking for good, for those who do good’, so being a B Corp is proof of our credentials.

    A small child climbs a tree in a green forest. The 'Certified B Corporation' is overlaid on the right.

    Based on the B Impact assessment, Teachers Mutual Bank Limited earned an overall score of 102.4. The median score for ordinary businesses who complete the assessment is currently 50.9.

    Read our B Corp assessment

  • World's Most Ethical Companies

    World’s Most Ethical Companies

    Ethisphere Worlds Most Ethical Companies 2014-2023 logo.

    We have been named one of the World’s Most Ethical Companies every year from 2014-2023. We’re one of four banks on the list of 135 companies in 2023. 

    The World’s Most Ethical Companies (WME) evaluation is run by the US Ethisphere Institute. The recognition honours superior achievements in transparency, integrity, ethics and compliance, and underscores our commitment to leading with integrity and prioritising ethical business practices.

    Learn more

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Our approach to socially responsible banking

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