At Firefighters Mutual Bank, by operating responsibly and sustainably for over 50 years, we are able to channel our profits into doing good.
We believe in responsible investment. That’s why our mortgage and deposit products we sell are Certified as Responsible Investments by the Responsible Investment Association Australasia (RIAA).
As a member, you can relax in the knowledge that your money will be managed ethically and responsibly. Your money won’t be used to support businesses that do not have the world’s best interests at heart. Because when money is invested responsibly, it can make a world of difference.
Every Firefighters Mutual Bank deposit product we sell is a Certified Responsible Investment.
Every Firefighters Mutual Bank home loan we sell is a Certified Responsible Investment.
Our stringent social responsibility rules
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. Ethical and responsible exclusions and policies apply to 100% of lending and investment, and 100% of Assets and Liabilities, across the whole balance sheet, and exclusions apply to 12 industries, including Alcohol, Gambling, Fossil Fuels, Tobacco, and ‘Industries that create environmental degradation, human rights abuses and labour rights violations.'
Our no fossil fuel investment policy
We do not use deposits made by our members to directly lend to, buy equity or debt in, any large-scale greenhouse polluting activities including fossil fuel exploration, extraction, production and use. This is included in our Treasury Credit Risk and Lending Risk Policy.
What exactly is responsible about our products?
They have been independently Certified by the Responsible Investment Association Australasia (RIAA) as Responsible Investment products. RIAA’s Responsible Investment Certification Program is the leading initiative for distinguishing quality responsible, ethical and impact investment products and services in Australia and New Zealand. RIAA’s Responsible Investment Certification Symbol is used to differentiate quality, true-to-label responsible investment products which meet the Responsible Investment Standard.
Retail mortgages and deposits have been certified by RIAA according to the strict operational and disclosure practices required under the Responsible Investment Certification Program. See www.responsibleinvestment.org for details.
The RIAA’s Responsible Investment Certification Program (RICP) provides investors with standardised and consistent information allowing them to compare and contrast the investment options that have been assessed and verified as responsible or ethical.
The Banks’ products are listed on RIAA’s Responsible Returns website and products on this web-tool have been certified in accordance with RIAA's Program.