February 05th, 2015
The NSW Government has become the first in Australia to launch a Social Impact Investment Policy and establish an Office of Social Impact Investment.
Premier Mike Baird launched the initiative at Parliament House in Sydney yesterday, also outlining 10 actions the Government will take to boost the impact investment market. The Government said its 10 actions would deliver more social impact investment transactions, grow the social impact investment market by removing barriers and build the capacity of market participants.
“Philanthropy Australia is a strong supporter of impact investment. We see it as an important tool for delivering social and environmental change, which also complements traditional grant making,” Louise Walsh said.
By Nadia Boyce, Pro Bono Australia
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In conversation with Nicole Richards at the Philanthropy Meets Parliament Summit, Daniel Lee shared his insights on topics including the role of philanthropy as a driver of systems change which addresses root causes of social challenges, the relationship between philanthropy and government and what the new political environment in the United States means for philanthropy.