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EIA adviser Stuart Barry in the community

EIA adviser Stuart Barry at Tas Ethical reached out to co-founder of Hamlet, Emily Briffa, mentoring her, providing fundraising advice and building relationships with philanthropic donors.  Stuart encouraged Emily to apply for a Future2 grant, which Hamlet was successful in securing a $10,000 grant from the Future2 Grants Committee, enabling the not-for-profit to decrease its waitlist times which has reached 100 places.
Hamlet is a thriving charitable organisation in Tasmania providing much needed practical work experience and training opportunities for young Tasmanians through two social enterprises – Hamlet Cafe and Hamlet Catering Co – as well as a line of condiments.Stuart has seen first-hand the work Emily is doing in the Hobart community, having been a client of Hamlet Cafe since its inception five years ago.  Participants undertake an average of 100 hours to complete their training, however participants remain in the program for as long as necessary to gain the skills required to move to paid employment.Social ReturnsInterestingly, a Social Returns on Investment of the Hamlet Program found a one-to-three return on investment, meaning for every dollar invested in hamlet, there is a $3 social benefit returned.

source Money and Life Magazine

 

2021 Global Investor Statement to Governments to accelerate action on the Climate Crisis

733 investor signatories with over USD $52 trillion in assets, including many fund managers we invest in, coordinated by the seven Founding Partners of The Investor Agenda signed a statement calling on government leaders worldwide to raise ambition and accelerate action to tackle the climate crisis.

 

 

 

 

 

Well done to some of the fund managers we invest with who are a part of the investor signatories:Altius Asset Management; Australian Ethical Investment, Colonial First State, Impax Asset Management, Nanuk Asset Management, PIMCO and WHEB Asset Management.Investors are taking climate action in line with The Investor Agenda, with more investors than ever before embedding net zero goals and strategies into their portfolio decisions, engaging companies to cut their emissions and calling on policymakers to deliver robust climate action.Strong policies, in line with limiting global warming to no more than 1.5-degrees Celsius, can accelerate and scale up private capital flows towards the net-zero transition. Full implementation of the Paris Agreement will create significant investment opportunities in clean technologies, green infrastructure and other assets, products and services needed in this new economy.  In turn, investors can use capital allocation and stewardship to support sustainable activities that generate jobs and economic growth, transition away from carbon-intensive activities and increase resilience.The Investor Agenda


Client’s fundraising for Bridging Lanka’s Fighting Fit program

One of our clients is raising funds for Bridging Lanka, a fundraiser in Australia carried out entirely by volunteers.  With every jar purchased the proceeds go directly to Bridging Lanka’s Fighting Fit program in Sri Lanka, to construct a gym for troubled young people from which physical and mental health programs together with new career development opportunities and intensive nurturing can be conducted.For ten years Bridging Lanka has been reaching out to young people in Mannar, northern Sri Lanka. During this time they have witnessed the downward spiral of the lives of many youngsters both male and female. Following the civil war the rapid uptake of the ills of the west without sufficient awareness of their dangers have trapped many young people in despair.
If you would like to support this program, our client is making and selling jam from volunteered fruit, which you can order with proceeds donated to Bridging Lanka.You can call into our Red Hill office and buy a jar for $10.

bridginglanka.org

Meridian Energy sale of its Australian business

We thought to highlight to our clients that Meridian Energy’s Australian business has been sold to Shell Energy and Infrastructure Capital Group, Shell will become the owner of the retail business, Powershop Australia and ICG the owner of the infrastructure assets (Mt Mercer and Mt Millar wind farms and the hydro power stations).

The share company Meridian NZ which many of our clients are investors in will continue to operate and grow its 100% renewable energy business with no affiliation to Shell Energy.


Lendlease’s decarbonisation commitments

Lendlease a construction, property and infrastructure group we invest in announced its Victoria Cross Tower at North Sydney will be fully electric – and so will all its future buildings – key will be to enable the occupants to flag they are using 100 per cent renewable energy.In its public statements the company says it forms part of the company’s Mission Zero Roadmap with the big promise: “All Lendlease developments are set to follow the Victoria Cross Tower decarbonisation commitments as essential actions to live up to the promise to be a 1.5 degree aligned company.”Through eliminating gas and diesel from designs and existing assets; switching to 100 per cent renewable electricity; and partnering with suppliers and industry to eliminate embodied carbon in materials such as steel, aluminium and cement, the company hopes to achieve its sustainability ambitions in Australia.The development of a new rating tool for embodied carbon is currently underway by NABERS (National Australian Built Environment Rating System) , with the aim of creating a national baseline with the ability to compare building’s carbon footprints with those around them.source: TheFithEstate


Disclaimer The contents of this newsletter are intended as general advice only. No specific person’s circumstances, financial situation or objectives have been taken into consideration. You should not act on the information provided without seeking personal advice from an appropriately qualified financial planner. Research sources: CAER Corporate Monitor. While the source has been verified as reliable, the actual content has not been checked for accuracy. Consequently Ethical Investment Advisers does not warrant the accuracy of the information nor accept liability for any errors in the data.

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