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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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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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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UCA Funds Management continues online gambling engagement
Feb10

UCA Funds Management continues online gambling engagement

UCA Funds Management is reiterating its call to Australia’s big four banks to eliminate the use of its credit cards for the operation of online gambling accounts. Recently, the Australian Bankers’ Association (ABA) made statements supportive of legislation to stop the use of credit card gambling in Payments Compliance news. “This restriction would have to be done using technology through the card schemes system so the restrictions...

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Vigeo Eiris upgrades three US companies on human rights criteria
Feb10

Vigeo Eiris upgrades three US companies on human rights criteria

Corporate social responsibility rating agency Vigeo Eiris has issued a positive alert and upgraded three American companies for their decision to take legal action against US President Donald Trump’s executive order banning people from seven countries from entering the United States. Vigeo Eiris has upgraded the scores of Amazon, Expedia and Microsoft in the human rights domain, saying that by supporting legal action filed by the...

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Australian Ethical Investments join Principles for Positive Impact Finance
Feb03

Australian Ethical Investments join Principles for Positive Impact Finance

Australian Ethical Investments and Westpac Bank have signed on to the newly launched Principles for Positive Impact Finance, a new set of criteria to assess the impact of sustainable investments. Australian Ethical and Westpac are both members of the working group that developed the four principles, which are a prelude to the development of a framework to measure and create a set of guidance around environmental and social impact....

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Teachers Mutual Bank joins Global Alliance for Banking on Values
Feb03

Teachers Mutual Bank joins Global Alliance for Banking on Values

Teachers Mutual Bank has joined the Global Alliance for Banking on Values (GABV). The GABV is an international network of 39 member banks engaged in collaborative work to expand and develop sustainable, values-based banking practices around the world. Teachers Mutual Bank has an integrated sustainability strategy – it benchmarks its community investment goals against the London Benchmarking Group standards. Teachers Mutual has also...

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