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 Impact Investing’s strategy to catalyse impact investing in and from Australia in 2014, the market has made significant leaps in increased awareness, interest and activity.” said Australian Advisory Board Chair Rosemary Addis.

The Australian Advisory Board strategy has delivered against all 5 actions prioritised to catalyse the impact investment market and has made progress influencing policy. This includes launching the Impact Investment Ready Growth Grant; Australia’s first Impact Investor Survey; the first dataset capturing the performance of Australian impact investment products; and a blueprint for a new financial institution with the mission, mandate and capital to champion the market: Impact Capital Australia.

While there is more to do to see some of those initiatives reach the market and grow, Australia is moving into the next wave of market development.

In this next phase, the Australian Advisory Board will take on a more prominent leadership role including strategy development and leveraging Australia’s participation in the Global Social Impact Investment Steering Group.

Impact Investing Australia will focus its resources on driving the implementation of Impact Capital Australia and achieving sustainability for the Impact Investment Ready Growth Grant.

Experienced fund manager Sally McCutchan will lead the team and work program as Executive Director. CEO Daniel Madhavan is leaving the organisation, exploring new opportunities in the impact sector.

“It has been an enormous pleasure to lead Impact Investing Australia over the past three years” said outgoing CEO Daniel Madhavan. “We’ve been able to play a significant role in market development and realising greater opportunities for private capital to deliver social and environmental impact.”

Daniel will finish up in the role of CEO on 31 March, however will continue to stay engaged with Impact Investing Australia in a voluntary capacity. Sally McCutchan will take over the leadership on 1 April.

“I’m excited about the work that lies ahead” said Sally McCutchan. “We see enormous potential for the establishment of the flagship initiative Impact Capital Australia to champion impact investing market development and to change the way we address social issues in Australia. My focus will be on driving this and other key initiatives forward.”

Rosemary Addis will continue to Chair the Australian Advisory Board, with Louise Sylvan and Richard Brandweiner taking up positions as Vice-Chairs.

For more information contact Carly Hammond on 0430 448 422, carly.hammond@impactinvestingaustralia.com