VicSuper, bankmecu and Pacific Hydro have joined a new partnership, The Future Economy Group, which will advocate for policies that combine economic and environmental sustainability in the state of Victoria.
Environment Victoria and Sustainable Business Australia (SBA) developed The Future Economy Group, and they say their mission is to quantify how vulnerable Victoria’s economy is to climate change and resource scarcity and then to advocate for policies and actions to transition to “a strong and sustainable economy which restores natural assets,” according to information from Environment Victoria.
The Future Economy Group is conducting research and creating future economy policies, which it will release in February 2014. The partnership further aims to influence economic policy in Victoria and Australia over the next 12 months.
“Our industries and businesses are vulnerable to economic disruption if we don’t take care of our natural assets,” said VicSuper CEO Michael Dundon. Luckily it’s not a choice we have to make because good environmental management will produce economic rewards for businesses and employees.”
Joining the partnership is in line with bankmecu’s mission as a customer-owned bank, said Damien Walsh, managing director.
“[W]e see it as our responsibility to our customers to run a highly sustainable business as well as to show leadership in driving the transformation of our economy,” he said.
“Sustainable business practices make sound economic sense and are the only choice for any business seeking relevance and longevity,” said Lane Crockett, Pacific Hydro general manager Australia. “Undertaking an economic analysis of the current state of Victoria’s environment will provide meaningful insights into how we can best leverage and protect the resources available to us.”
The Future Economy Group is funded by VicSuper, bankmecu, Pacific Hydro, the Lord Mayor’s Charitable Foundation and the Reichstein Foundation, with support from The Nous Group.