The bank supports a rapid acceleration to 100% EVs that is well ahead of the 2030 target
Teachers Mutual Bank has announced that its car fleet will be 100% electric vehicles (EV) within four years.
Corin Millais (pictured above), head of socially responsible banking, said the bank has shifted gears to go at maximum speed to 100% EVs by 2027, ending its use of fossil fuel cars.
“We have already banned purchasing petrol and diesel cars, taking a leadership position in business on EV fleets,” Millais said. “By taking this leading action, the bank is supporting a rapid acceleration to 100% EVs. Green groups are calling for 100% EV fleets by 2030, so we are well ahead of this target.
“We’ve crunched the numbers and it just makes sense to go 100% EV. Cars contribute 10% of Australia’s greenhouse emissions, and company fleet cars are 50% of sales – car fleets also play a huge role because they act as an important feed for the second-hand car market. If company fleets move fast to 100% EVs, like Teachers Mutual Bank Limited, this will allow consumers to access cheaper EVs more quickly.”
He noted the increasing number of socially aware customers who want banks and superfunds to improve their ethical and sustainable practices, and for a bank that takes pride in its credentials and history of commitment, committing to a 100% EV car fleet by 2027 verifies this commitment.
“The bank has a national office and branch footprint, and we have always had a fleet of cars for our customer-facing team whose role is to visit thousands of customers around the country in their homes, at schools or at conferences and events,” Millais said. “For our customers, they know that when they receive a visit from one of our bank’s representatives, including our mobile banking team, they will only be visited by someone driving an EV car.
“This means by 2027 the Bank’s EV fleet will have travelled 1.4 million kilometres, which is equivalent to 92 times around Australia – this will represent a million-kilometre switch. By going 100% EVs by 2027 our customers can see we are a bank that is serious about rapid action on climate change.”
Jose Fredes, head of property and facilities, is leading the charge when it comes to powering the fleet transition at Teachers Mutual Bank.
Fredes said 12 charging stations are now being installed at the bank’s offices in Sydney, Brisbane, and Perth for customers and staff.
“When EVs are charged at our offices they will be charged with renewable electricity. This means our EV fleet will run on 100% renewable electricity, when charged at the bank’s premises,” he said. “We all need to move up a gear. Transitioning to 100% EVs by 2027 is a win for our customers, our staff, and the environment.”
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