We measure the value we’re returning to the community so we can make the most of our investment.
We invest in capacity building to grow the market in partnership with Impact Investing Australia (Growth grant), Philanthropy Australia (Discovery grant), The Difference Incubator (Two Feet Accelerator program).
Why is this important?
We recognise that the gap between demand for welfare services and what government can provide is growing, and we believe that accepting no change to the current arrangement would disadvantage the Australian economy and our prosperity in the future.
What do we do?
We believe we have a responsibility to deliver holistic and innovative financial solutions that help our customers address social and environmental problems through impact investment. We’re proud to have played a key role developing the Australian impact investment market.
Supporting the impact investment ecosystem
In 2015, we worked with Impact Investing Australia and The Difference Incubator to establish the Impact Investment Readiness Fund (IIRF).
The fund offers grants up to $100,000 for not-for-profit organisations and social enterprises to purchase specialised capacity building support from advisory, financial, intermediary and legal service providers. It aims to bridge the gap in the Australian market that exists between mission-driven organisations in need of funding and investors actively seeking impact investment opportunities. The IIRF was renamed as the ‘Impact Investment Ready Growth Grant’ in March 2017 to support the development of the Australian impact investment market.
NAB and Philanthropy Australia have also worked together to provide grants for up to 50,000 not-for-profit organisations with grants of up to $50,000 called the ‘Impact Investment Ready Discovery Grant’ to help not-for-profit organisations innovate and become more financially sustainable. These two grants together help to address the funding gaps that will support two of NAB’s key customers segments, small and medium business attain access capital to grow.
We’re helping to shape and build impact investment within Australia
We’re the first bank globally to issue a Climate Bonds Standard certified green bond
We’re proud to be the first bank in the world to issue a Climate Bonds Standard certified green bond. This is part of our role in mobilising the global debt markets to finance the transition to a low carbon economy.
The NAB Climate Bond issued in December 2014 raised AUD300 million, which was ring-fenced for financing a portfolio of renewable energy assets including wind farms and solar energy facilities in Victoria, South Australia, Tasmania, Western Australia, NSW and the ACT.1
Not only was this the first time an Australian issuer has brought a ‘green bond’ to the local market, but the NAB Climate Bond was also the first bank-issued bond to be certified in compliance with international Climate Bonds Standard. This is a benchmark that assists investors in prioritising investments that finance climate change solutions.2
We continue to recognise, address and share the importance of impact measurement
We co-authored Impact Measurement: Exploring its Role in Impact Investing – a report leveraging the ongoing work of our partnership with The Difference Incubator and Benefit Capital.
The report introduces the importance of building measurement into the investment process to realise the social and environmental impact that an investment may have. Then takes a look at nine existing measurement frameworks, approaches and tools to help measure impact.
1. The climate bonds are senior unsecured NAB bonds, with proceeds ring-fenced for financing a portfolio of Australian domiciled renewable energy and low carbon transport assets which meet the eligibility criteria for certification in compliance with the Climate Bonds Standard.
2. NAB has retained DNV GL to provide an independent verification statement on the compliance of the NAB Climate Bond with the Climate Bond Standard. On 7th December, 2015 DNV GL provided the annual update of the original verification statement, to reflect the ongoing compliance of NAB’s Climate Bond with the Climate Bond Standard, based on the NAB Climate Bond eligible asset portfolio effective as at 1 November 2015.
A few pages
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