Removing complicity in modern slavery?
May19

Removing complicity in modern slavery?

Ed note: The Sustainability Report is pleased to present this article from Katherine Christ of the University of South Australia and Roger Burritt of the Australian National University Dr Katherine Christ and Professor Roger Burritt Revealing the world of modern slavery is a critical aspect of movement towards a just and sustainable society. It is critical because exposing the stories of suffering as well as publicising moves...

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RIAA launches Impact Investment Forum to build scale in sector
May19

RIAA launches Impact Investment Forum to build scale in sector

The Responsible Investment Association Australasia (RIAA) has launched the Impact Investment Forum, taking over some of the assets from the Australian Advisory Board on Impact Investing and Impact Investing Australia. The Impact Investment Forum will act as a “dedicated hub to connect and deepen” the participation of government, philanthropy and the superannuation industry in impact investing, while furthering the research projects...

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Government to establish $1 bn National Housing Finance and Investment Corporation
May12

Government to establish $1 bn National Housing Finance and Investment Corporation

The government will establish the National Housing Finance and Investment Corporation (NHFIC), an affordable housing bond aggregator designed to attract private and institutional investment and provider cheaper, longer-term finance to the development of affordable housing. In the 2017 Budget, the government said that it would allocate $9.6 million for 2017-2018 to establish the NHFIC, which will begin operations from 1 July 2018....

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Fashion retailers increase reporting of human rights in supply chain: Baptist World Aid
May05

Fashion retailers increase reporting of human rights in supply chain: Baptist World Aid

The fashion industry is increasing its reporting and disclosure of human rights and labour rights issues in their supply chain, with Cotton On Inc, Pacific Brands and APG & Co receiving an A- in Baptist World Aid’s 2017 Ethical Fashion Report. The 2017 Ethical Fashion Report analysed 106 companies and assessed them on a grade scale of A to F. The report found that more than three quarters of companies know each of their...

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Good Shepherd Microfinance opens Good Money stores in Gold Coast, Cairns
Apr28

Good Shepherd Microfinance opens Good Money stores in Gold Coast, Cairns

Good Shepherd Microfinance has opened up two branches of its Good Money retail stores in Queensland. One Good Money store is located in the Gold Coast, the other in Cairns. The Good Money store is part of a partnership between Good Shepherd Microfinance, the Queensland Government and National Australia Bank (NAB). The Good Money stores offer the No Interest Loan Scheme (NILS), administered by Good Shepherd Microfinance, StepUP...

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NAB raises $500m for first ever gender equality social bond
Mar24

NAB raises $500m for first ever gender equality social bond

The National Australia Bank (NAB) has raised $500 million for the first ever social bond focusing on gender equality, at the upper end of the book build, the bank said. NAB Social Bond (Gender Equality) is a fixed income obligation that will be used to finance or refinance organisations that the Workplace Gender Equality Agency (WGEA) cites as Employers of Choice for Gender Equality (EOCGE), and that meet the requirements of NAB’s...

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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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