Gateway’s Ethical Banking Policies
From Gateway Bank’s foundation, in the 1950’s, 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
Ethical banking, also known as responsible banking, encompasses a banking system that operates based on values driven by social and environmental responsibility. The aim of incorporating ethical banking practices is to minimise negative impact from banking activities, products and services.
As a member-owned bank, Gateway is diligent about utilising members’ money for ethical purposes in line with its purpose of ‘Pocket and Planet’. Accordingly, Gateway strives to avoid investments in companies that cause harm to people and the planet and supports sustainable use of resources. Therefore, Gateway will not directly lend to businesses with their primary operations in industries and/or activities:
With significant demonstratable detrimental impacts on the environment, including but not limited to:
- Coal, oil and gas exploration, mining or extraction.
- Logging of old forests and businesses that unethically source timber.
That cause serious health or social issues including:
- Activities involving modern slavery and/or sweatshop methods.
- Production of tobacco, tobacco products and/or tobacco alternatives.
- Manufacture of gambling or gaming equipment and businesses whose primary purpose is the provision of gambling services.
- Pornography production and/or distribution.
In the production and sale of armaments and/or ammunition, including nuclear and controversial weapons designed to inflict harm. The mining and/or refining of uranium for military purposes.
That export live animals for slaughter. The practice exposes animals to stressful transport conditions and slaughter and handling practices that are considered cruel.
Ethical Investing
Gateway will not directly invest in companies that cause harm to the planet.
Gateway will not directly invest in industries and/or activities:
With significant demonstratable detrimental impacts on the environment, including but not limited to:
- Coal, oil and gas exploration, mining or extraction.
- Logging of old forests and businesses that unethically source timber.
That cause serious health or social issues including:
- Activities involving modern slavery and/or sweatshop methods.
- Production of tobacco, tobacco products and/or tobacco alternatives.
- Manufacture of gambling or gaming equipment and businesses whose primary purpose is the provision of gambling services.
- Pornography production and/or distribution.
In the production and sale of armaments and/or ammunition, including nuclear and controversial weapons designed to inflict harm. The mining and/or refining of uranium for military purposes.
That export live animals for slaughter. The practice exposes animals to stressful transport conditions and slaughter and handling practices that are considered cruel.
