Social Ventures Australia launches SVA Fundamentals for Impact
Aug11

Social Ventures Australia launches SVA Fundamentals for Impact

Social Ventures Australia (SVA) has launched a new framework aimed at assisting social enterprises and funders to be more effective. The SVA Fundamentals for Impact draws upon international research and SVA’s experience in the sector, and is designed “to help assess and guide the activities and investment decisions of social purpose organisations and funders,” SVA said. It is aimed at the social sector, and the framework is based on...

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NSW Government makes social impact investment for palliative care
Jul07

NSW Government makes social impact investment for palliative care

The NSW Government has made another social impact investment – a seven and a half year, $80 million commitment to support palliative care patients in Western Sydney. In partnership with NSW Health, Silver Chain Group will deliver the Silver Chain Group Community Palliative Care Service in Western Sydney Local Health District. The service will be provided through an outcomes-based arrangement with NSW Health that will support Silver...

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Mirvac launches first Reconciliation Action Plan
Jul07

Mirvac launches first Reconciliation Action Plan

Mirvac has launched its first Reconciliation Action Plan (RAP), fulfilling a commitment made in their 2015 This Changes Everything sustainability strategy. Mirvac’s RAP links to their commitment to “demonstrate community investment within and beyond our boundaries by 2018,” said Sarah Breavington, group sustainability manager. “Following engagement across the business as well as with our partners and customers it became clear that we...

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Social Ventures Australia launches $7 million Resolve Social Benefit Bond
Jun23

Social Ventures Australia launches $7 million Resolve Social Benefit Bond

Social Ventures Australia (SVA) has gathered $7 million in capital to fund a social benefit bond to fund a program addressing mental health services. The Resolve Social Benefit Bond (Resolve SBB) will fund the Resolve Program, “a community-based mental health program which aims to reduce the amount of time participants spend in hospital,” SVA said. The program will be delivered by Flourish Australia (formerly Richmond RPA), in...

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VicSuper joins Financial Inclusion Action Plan program
Jun23

VicSuper joins Financial Inclusion Action Plan program

VicSuper has joined 30 other Australian businesses in the Financial Inclusion Action Plan (FIAP) Trailblazer program. Last year, the federal government appointed Good Shepherd Microfinance to develop the FIAP program, and Good Shepherd Microfinance has partnered with EY and the Centre for Social Impact to design and implement the program. The FIAP Partnership Group estimates that reducing financial exclusion amongst Australians,...

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Pollinate Energy to open operations in fifth city – Kanpur
Jun16

Pollinate Energy to open operations in fifth city – Kanpur

Pollinate Energy, a social enterprise that provides affordable solar lighting to people in India’s urban slums, will open operations in its fifth city, Kanpur, Uttar Pradesh. Kanpur is an industrial city of 3 million people, where over 85% of the communities surveyed live without or with partial electricity, over 75% of electrified households report daily power cuts, and the average weekly income for families living in unelectrified...

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VicSuper launches updated Socially Conscious investment option
Jun09

VicSuper launches updated Socially Conscious investment option

VicSuper has launched a Socially Conscious investment option, which invests in companies based on a custom index tailored to take into account action on climate change and on social issues like human rights and labour rights. VicSuper has offered an Equity Growth Sustainability option since 2001, but recently 2017, the $17 billion fund relaunched it as the Socially Conscious investment option. The changes to the option were spurred by...

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VicSuper affirms status as a tobacco-free superannuation fund
Jun02

VicSuper affirms status as a tobacco-free superannuation fund

Superannuation fund VicSuper has signed a global investor statement on tobacco and reaffirmed its status as a tobacco free superfund. This week marked World No Tobacco Day, and the AU$17 billion VicSuper signed the investor statement, which congratulates the World Health Organization (WHO) and global health ministers on tobacco control. It also supports the tobacco control measures already taken by governments and encourages the...

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