Empower Social Change through where you place your Mortgage

In a month inundated with distressing news, the bright spot of October was the day I spent with my brother during his paid parental leave. This experience shed light on the invaluable benefits of progressive social policies, from bolstering women's participation in the workforce to enhancing men's mental and emotional well-being.

It is evident that well-crafted social policies foster a sustainable world by nurturing gender equality and healthier, more supportive communities.

Yet, my frustration stems from the prevailing notion that we can only influence social policies like parental leave through our votes at the ballot box.

As the saying goes, "Every dollar you spend casts a vote for the world you want." Your home, often the most significant purchase of your life, wields considerable voting power, especially in the context of Australia's soaring median house prices.

A core part of the value proposition of Sustainable Home Loans is in examining the sustainable policies of our banks.

Paid parental leave falls under the social dimension- The 'S' in ESG (Environmental, Social, Governance) criteria.

An illustrative case is the comparison between the social 'S' scores of two major Australian banks, CBA and NAB.

NAB's significantly higher social score demonstrates its commitment to a more inclusive and sustainable society.

Importantly, a bank's social score doesn't directly impact the interest rates it offers. So, when choosing a mortgage provider, armed with this insight, you can cast your financial "vote" in favour of a more sustainable option without sacrificing competitive loan terms.

At Sustainable Home Loans, we don’t limit ourselves to only looking at sustainable banks, we include all banks in our research and then take it upon ourselves to provide research on the sustainability of our top three recommendations. This allows our clients to make an informed choice.

Many of our clients are positively surprised that many times financial institutions with the best financial performance also boast the highest sustainability scores aligning their financial and ethical priorities.

In essence, Sustainable Home Loans provides a practical way for individuals to make a positive impact, demonstrating that our financial decisions can be a catalyst for social change. By supporting institutions that uphold progressive social policies, we not only secure our own financial future but also contribute significantly to creating a more equitable and sustainable world for everyone.

Send me an email to get free ESG rating of your current bank.

Warm Regards

Marisa