CSB
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  Corporate Engagement, Good Business, Social Innovation

NAB’s $1 Million Impact Investment Fund


Wednesday, 17th September 2014 at 4:07 pm
Lina Caneva, Editor
The National Australia Bank has announced a $1 million impact investment fund to support organisations in delivering finance solutions for social issues.

Wednesday, 17th September 2014
at 4:07 pm
Lina Caneva, Editor


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
NAB’s $1 Million Impact Investment Fund
Wednesday, 17th September 2014 at 4:07 pm

The National Australia Bank has announced a $1 million impact investment fund to support organisations in delivering finance solutions for social issues.

NAB Executive General Manager Debt Markets and Impact Investing Australia board member, Steve Lambert, said impact investment had the potential to change the way the country addresses social issues.

“The NAB Impact Investment Grants Program builds on the bank’s belief that the finance sector should play a major role in addressing the significant growing social and environmental challenges facing Australia.

“There is a fundamental shift underway to address the challenges facing Australia in the future. We want to show that access to capital can increase the impact that the community sector and social purpose organisations can deliver for our people and communities to prosper,” Lambert said.

“NAB also believes we have a responsibility to deliver holistic and innovative financial solutions that help our customers address social and environmental problems through impact investment.”

NAB says there are a growing number of impact investment opportunities in the market however many are not quite investment-ready and therefore often require advice (financial or business planning) to prepare themselves for investment.

NAB General Manager Corporate Responsibility, Paula Benson, said the $1 million fund would support organisations that might have a great business model but were still preparing a case for financing.

“Our grants program will allow NAB to deliver finance solutions to more organisations doing great work in our communities and pave the way for others to follow,” Benson said.

The NAB fund was announced in conjunction with the release of the Impact Investing Australia report which details a clear strategy to tackle social issues through impact investing.

The report Delivering on Impact: The Australian Advisory Board Breakthrough Strategy to Catalyse Impact Investing predicts that there is the potential for A$10 billion in impact assets to be under management within the next 5 years.

The Delivering on Impact strategy, part of a global push by the G8’s Social Impact Investment Taskforce, refers to the need for an Australian fund to equip social purpose organisations to attract finance.

“We hope that our initial contribution of $1 million will act as the seed for this and we invite other organisations to step up and join us,” Benson said.

NAB said the fund will be jointly managed with Impact Investing Australia and co-designed with The Difference Incubator to build on global best practice and be scaled to meet Australia’s needs.

Impact investment is a developing global market, creating opportunities for investors seeking to address social or environmental challenges and generate a financial return. NAB is the founding partner of Impact Investing Australia.

Read out story on Delivering on Impact here.


Lina Caneva  |  Editor  |  @ProBonoNews

Lina Caneva has been a journalist for more than 35 years, and Editor of Pro Bono Australia News since it was founded in 2000.


Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers?

Get in touch at news@probonoaustralia.com.au

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Mission Alignment Marks Next Frontier of Endowment Investing

Wendy Williams

Wednesday, 4th April 2018 at 8:42 am

Snapshot Document: A Tool to Develop Trust and Confidence

Ushi Ghoorah

Tuesday, 3rd April 2018 at 8:22 am

Why Family Violence Leave Should Be Paid

Kate Farhall

Thursday, 29th March 2018 at 5:23 pm

Social Impact Measurement Startup Wins US$100K Pitch Comp

Luke Michael

Thursday, 8th March 2018 at 4:36 pm

POPULAR

Animal Shelter Loses Charity Status

Wendy Williams

Wednesday, 11th April 2018 at 5:20 pm

NFP Real Estate Agency to Drive Sydney’s Affordable Housing Supply

Wendy Williams

Wednesday, 11th April 2018 at 5:34 pm

NDIS Urged to Implement Portable Training System for Workers

Luke Michael

Tuesday, 17th April 2018 at 8:31 am

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


CSB
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!