Gateway’s Ethical Banking Policies

 

From Gateway Bank’s foundation, over 66 years ago, we have always been focused on providing our Members with high quality banking products and services delivered with first class customer service and a commitment to always act responsibly and ethically.

 

Underpinning this commitment, we have established our Ethical Banking and Ethical Investment Policies that determine how we use our Members’ money in an ethical and responsible manner in line with our purpose of ‘Pocket and Planet’.

 

Ethical Banking Policy

 

Gateway will not directly lend to the following industries or activities:

• Coal and other fossil fuel extraction, production and distribution
• Activities involving modern slavery and/or sweatshop production
• Live animal exports for slaughter
• Activities causing deforestation
• Pornography
• Tobacco production

 

Ethical Investing Policy

 

Gateway will only place investments with:

• The Commonwealth Government or the government of an Australian State or Territory;
• A financial institution guaranteed by the Commonwealth Government or the government of an Australian State or Territory; or
• Authorised Deposit Taking Institutions (i.e. banks) trading in Australia.

 

Gateway will not directly invest in the following industries or activities:

• Coal/fossil fuels
• Environmentally detrimental projects
• Alcohol
• Correctional facilities
• Cryptocurrency
• Deforestation
• Military activities
• Political activities
• Pornography
• Slavery
• Uranium
• Tobacco
• Live animal exports for slaughter
• Gambling, and
• Arms industry.

 

Gateway Bank is pleased to announce that it has now been certified as Carbon Neutral by Climate Active, a partnership between the Australian government and the business community that drives voluntary climate action. Click here to read more information about this certification.