Close Search
 
MEDIA, JOBS & RESOURCES for the COMMON GOOD

Impact fund for women and girls unveiled


25 November 2021 at 4:21 pm
Luke Michael
The fund aims to have a major impact on the wellbeing of women and girls in Australia and around the world


Luke Michael | 25 November 2021 at 4:21 pm


0 Comments


 Print
Impact fund for women and girls unveiled
25 November 2021 at 4:21 pm

The fund aims to have a major impact on the wellbeing of women and girls in Australia and around the world

An impact investment fund for women and girls has just been launched, focused on investing in companies promoting gender equality and supporting charities with gender-focused programs.

Global Impact Initiative (GII) says its Global Gender Equality Fund (GGEF) is the world’s first, actively-managed impact investment fund focused on women and girls.

Administered by global fund manager Robeco, the GGEF aims to have a major impact on the wellbeing of women and girls in Australia and around the world.

The fund will invest in a portfolio of carefully selected global companies which promote gender equality across board representation, recruitment, management processes, remuneration and policies.

Investors will have the option of either taking the income generated from the fund or donating it to charities with specific programs focused on improving the lives of women and girls.

The five charities selected are Grameen, Malala Fund, UN Women, UNICEF and World Vision.

Donations will be funnelled into programs supporting maternal health, vaccination and girls’ education, ensuring these initiatives can be scaled and improved for maximum social impact.  

The fund will also invest in social impact initiatives across Australia. 

GII’s founder and CEO Giles Gunesekera said the fund had been many years in the making. 

“The advantage of a fund such as this is that the bigger it gets, the more social impact we can create,” Gunesekera said.

“We are not just donating to charities, we are collaborating with them to measure, map and monitor social impact to the UN [Sustainable Development Goals]. 

“We will be able to drive and accelerate positive social change via granular, intentional and measurable reporting on the social impact achieved.”  

Equity Trustees (ET) has been appointed as responsible entity of the fund.

ET chair Carol Schwartz AO said the fund’s focus on gender equality was incredibly important.

“Having gender equality around decision making tables and integrated throughout an organisation is absolutely crucial to ensuring it’s a high performing one,” Schwartz said. 

“A growing cohort of investors are recognising this, and so it’s fantastic we can offer this global fund opportunity via Equity Trustees.” 


Luke Michael  |  Journalist  |  @luke_michael96

Luke Michael is a journalist at Pro Bono News covering the social sector.

PB Careers
Get your biweekly dose of news, opinion and analysis to keep you up to date with what’s happening and why it matters for you, sent every Tuesday and Thursday morning.

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 or download our contributor guidelines.

Get more stories like this

FREE SOCIAL
SECTOR NEWS

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



YOU MAY ALSO LIKE

2021 Australian Impact Investment Awards nominations open

Luke Michael

Monday, 22nd November 2021 at 5:04 pm

Small Giants’ Danny Almagor launches new impact investment firm

Nikki Stefanoff

Wednesday, 3rd November 2021 at 3:54 pm

Delivering impact for people and the planet

Rosemary Addis

Wednesday, 27th October 2021 at 5:28 pm

Business and investor initiative launches in response to destruction of Juukan Gorge

Nikki Stefanoff

Wednesday, 13th October 2021 at 4:45 pm

pba inverse logo
Subscribe Twitter Facebook
×