Impact Investing Australia welcomes the federal budget’s support for vulnerable Australians, but is disappointed the Government has missed a significant opportunity for catalytic action to drive private resources to address social and environmental issues. “The Australian Government has stopped short when more than ever it needs
No one doubts the magnitude of the task facing the Australian Government and we will need more than what was presented in last night’s budget if we are to address the great social and environmental challenges we are facing. We need new and innovative social and
Read the full Leaders’ Declaration here. Over 300 CEOs, executives, business leaders, philanthropists and government figures have signed a Declaration calling for urgent action towards a just and impact-led Covid-19 economic recovery that serves all people and preserves our planet. Outlining solutions identified by the impact investment
Impact Investing Australia (IIA) has welcomed the interim report of the Prime Minister’s Social Impact Investing (SII) Taskforce. The interim initiatives outlined include: developing evidence and data on social impact; principles for future initiatives; and capacity and awareness raising through an information portal.
After 6 years, Australian Advisory Board on Impact Investing (AAB) Chair and Founder, Rosemary Addis, will refocus her market building efforts at the global level, including as a Trustee of the Global Steering Group for Impact Investment (GSG). Ms Fabienne Michaux and Mr Richard Brandweiner will take over as interim co-chairs in Australia and lead a search for a new Chair.
The Australian Advisory Board on Impact Investing (AAB) and Impact Investing Australia (IIA) welcomed the Australian Government’s commitment to a centralised government approach to Impact investing with the announcement of $5 million for a Taskforce and urged the Government to leverage the substantive work already done by the AAB to move quickly to action to drive scale.
Impact Investing Australia (IIA) was today announced as the selected administrator of the $7m Australian Government Sector Readiness Fund (SRF) to enable for-purpose businesses to grow their impact. For the last 3.5 years, IIA, a not-for-profit organisation supporting the Australian Advisory Board for Impact Investing in growing the impact investing market, has been managing the Impact Investment Ready Growth Grant. This program was initially seed funded by National Australia Bank.
The Australian Government’s announced commitment to work in partnership to build the impact investment market to scale in Australia is welcomed by the Australian Advisory Board on Impact Investing (AAB) and Impact Investing Australia.
Impact Investing Australia's report, Paving Pathways: A Review of the Impact Investment Ready Growth Grant, launched today and outlines how $1.4m in grant funding has generated a median grant leverage of 23 times the capital, with a total expected capital raise of $73m. Established in March 2015, the Impact Investment
Today, the Australian Advisory Board on Impact Investing (AAB) publicly launched a field scan that reveals what has changed in the impact investing market over the last three years, what is happening now and what is needed for the future to create better outcomes for people and
Impact Investing Australia and Philanthropy Australia will today launch Impact Investment Ready, a new initiative to help not-for-profit organisations and for-purpose businesses explore potential impact investing activities and opportunities and attract potential investors. Impact Investment Ready comprises two grant programs: the Impact Investment Ready Growth Grant,
The growing market for investments that deliver measurable social and environmental outcomes is entering the next phase of development, with the first stage of strategy now complete and a deeper focus on delivering flagship market building initiatives going forward. “Since we launched the Australian Advisory Board on
The first data-set of Australian impact investments has revealed a diverse market that is delivering positive financial returns and impacting the lives of tens of thousands of people, through job creation, disability support, education and renewable energy generation, among other outcomes. Benchmarking Impact: Australian Impact Investment
Impact Investing Australia has welcomed the Victorian Government’s announcement that it is launching the State’s first two social impact bonds, saying that impact investing holds significant potential to help government deliver better outcomes for society through collaborations with the community and private sectors. The Victorian Government
Impact Investing Australia has welcomed the NSW Government’s announcement today of a new impact investment to target parolees with the aim of reducing the rate of reoffending and re-incarceration. The impact investment will support a new program, On Tracc (Transition Reintegration and Community Connection), which will
Impact investing in Australia is set to grow significantly over the next five years, with strong interest from investors and a large number looking to consider making investments that intentionally deliver positive social and environmental outcomes. 123 investors - accounting for more than $333 billion of
Australia’s first charity, The Benevolent Society, has become the largest supporter of one of the country’s most innovative organisations focused on delivering greater positive outcomes for society through private capital: Impact Investing Australia. The Benevolent Society has become the Foundation Partner for Impact Investing Australia, established
When it comes to complex social and environmental challenges and programs, and investment to fund them, the social services sector increasingly needs to be able to demonstrate what outcomes are being achieved and what it costs to deliver better solutions. Against a backdrop of many organisations
A Blueprint is being launched today for a new and independent financial institution - Impact Capital Australia (ICA) – to accelerate development and achieve scale for the market for investments designed to benefit society. This Blueprint puts innovation for improved social and community outcomes on the
Impact Investing Australia has welcomed the Australian Government’s response to the Financial System Inquiry released today, and the Government’s recognition of the potential for impact investing to benefit taxpayers as well as government. “We are pleased the Government has taken on board a number of the