Government launches inquiry investigating need for Modern Slavery Act
Feb24

Government launches inquiry investigating need for Modern Slavery Act

The federal government has launched an inquiry into whether Australia should adopt national legislation comparable to the United Kingdom’s Modern Slavery Act 2015. The Foreign Affairs and Aid Sub-Committee of the Parliament’s Joint Standing Committee on Foreign Affairs, Defence and Trade is conducting the inquiry, which will focus on seven terms of reference: The nature and extent of modern slavery (including slavery, forced labour...

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Bendigo and Adelaide Bank launch Socially Responsible Growth Fund
Feb24

Bendigo and Adelaide Bank launch Socially Responsible Growth Fund

Bendigo and Adelaide Bank has launched a Socially Responsible Growth Fund via its wealth division. Sandhurst Trustees has launched the new Bendigo Socially Responsible Growth Fund, which is a fund-of-fund product. The fund’s ESG credentials are based on their targets of having a minimum level of 75% of the fund allocated to investment managers who “incorporate environmental, social and corporate governance considerations into their...

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AICD calls for stronger corporate whistle-blower protections
Feb24

AICD calls for stronger corporate whistle-blower protections

The Australian Institute of Company Directors (AICD) is calling for “significantly stronger and broader whistle-blower protections” for the corporate sector. The AICD has submitted comment to the Parliamentary Inquiry into whistleblowing reforms, and is focusing its recommendations on three areas – expanding the number and type of people protected under the act, broadening the definition of disclosable conduct and extending...

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Impact Investing Australia, Philanthropy Australia launch new grant program
Feb24

Impact Investing Australia, Philanthropy Australia launch new grant program

Impact Investing Australia and Philanthropy Australia have launched a new grant program to help not-for-profit organisations and for-purpose businesses to explore impact investing activities and attract potential investors. The Impact Investment Ready initiative comprises two grant programs – the Impact Investment Ready Growth Grant, managed by Impact Investing Australia, and the new Impact Investment Ready Discovery Grant,...

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Amanda Wilson stepping down as Regnan chief executive officer
Feb24

Amanda Wilson stepping down as Regnan chief executive officer

Regnan Chief Executive Officer Amanda Wilson is stepping down from her role with the ESG research and engagement firm. Wilson, who is departing today from Regnan, will transition to a portfolio career at the end of February, but will “continue to contribute to the success of the organisation she has led since 2011 via a consulting arrangement,” Regnan said. Regnan is engaging in a recruitment process to appoint a new CEO. “The Regnan...

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APRA calls for stress-testing of climate change risks in regulated entities
Feb17

APRA calls for stress-testing of climate change risks in regulated entities

The Australian Prudential Regulation Agency (APRA) will emphasise to regulated entities that they should conduct stress testing for “organisational and systemic resilience in the face of adverse shocks” from climate risk. Speaking to the Insurance Council of Australia Annual Forum in Sydney, Geoff Summerhayes, executive board member, spoke of APRA’s evolving view on climate risks as part of the agency’s “broader approach to prudential...

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SVA launches South Australian homelessness social impact bond
Feb17

SVA launches South Australian homelessness social impact bond

Social Ventures Australia (SVA) has launched South Australia’s first social impact bond, which will fund a program addressed at ameliorating the effects of homelessness. The seven-year, $9 million Aspire Social Impact Bond (SIB) will fund the working capital of the Aspire Program, which is a partnership between the South Australian state government, Hutt St Centre and Common Ground Adelaide.  The Aspire Program is “based on a housing...

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Government issues discussion paper on social impact investing market
Feb17

Government issues discussion paper on social impact investing market

The federal government has issued a discussion paper on their role in developing the social impact investing market. The paper is soliciting public consultation on three main points – the role of the Australian government, which the government has proposed as “creating an enabling environment” and “funding (or co-funding with state and territory governments) investments which would likely achieve savings to fund the intervention and...

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