Impact Investing Australia, together with the Australian Advisory Board on Impact Investing and a number of key industry stakeholders, is working to establish a new and independent financial institution – Impact Capital Australia (ICA) – to accelerate development and achieve scale for impact investing in Australia.
ICA has been designed to be a game changer for Australia, mobilising more capital and transforming the way Australia deals with social and environmental challenges. ICA is designed to play two key roles: investor and market champion.
In October 2015, Impact Investing Australia launched the Blueprint for ICA. The Blueprint puts innovation for improved social and community outcomes on the agenda in a groundbreaking proposal combining capital and mission to create impact for society, with a unique mandate to encourage and support existing and new participants into the market for impact investing.
The focus of ICA’s impact investment activity would predominantly be wholesale, investing in vehicles being taken to market by others and supporting the growth of these intermediaries. Examples could include a fund to finance affordable accommodation for people with disabilities, a fund to invest in local communities and business to create jobs, or a social impact bond fund investing in innovations and prevention that improve social outcomes in areas such as early childhood development; type 2 diabetes; and training and employment outcomes for young people.
As a market champion, ICA would originate impactful, innovative and scalable solutions to different social issues, along with ways of funding and financing them. It would be a proactive market builder to accelerate growth and impact by identifying opportunities and removing barriers.
The Blueprint is a key milestone for delivering a flagship action outlined in the Australian Advisory Board on Impact Investing’s strategy to catalyse the Australian market for impact investing and is the result of a positive collaboration between senior leaders from some of Australia’s largest financial institutions, not for profit organisations and impact investing practitioners.
Impact Investing Australia is inviting government, major financial institutions and the community to help take ICA from a Blueprint to a reality that benefits all Australians.
Download the Blueprint here
Download the pre-budget 2018 / 2019 submission here
The ICA team is led by Sally McCutchan, working together with Rosemary Addis and Sabina Curatolo.
|Carol Schwartz AM||Chair – Trawalla Foundation|
|Carolyn Hewson AO||Non-Executive Director|
|Dr Simon Longstaff AO||Executive Director – The St James Ethics Centre|
|Greg Hutchinson AM||Company Director and Senior Advisor – Bain and Co|
|Jillian Segal AM||Non-Executive Director|
|The Hon. John Brumby||Non-Executive Director and Professorial Fellow|
|Peter Hunt AM||Chairman and Founder – Greenhill Australia|
|Prof Peter Shergold AC||Chancellor – Western Sydney University|
|Simon McKeon AO||Chancellor – Monash University; Macquarie Capital|
|Rob McLean AM||Company Director and Senior Advisor – McKinsey and Co|