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Impact Investing Network

Kia ora <<First Name>>,


Welcome to the March edition of impact investing news in Aotearoa New Zealand and globally.

This edition covers: NAB signs off business plan; RIAA and IIN events; Mindful Money Awards and webinars; Te Puna Hapori social housing bond; BayTrust's sustainable and impact investment journey; The Lever Room's Climate Solutions Directory; impact monetisation and more! 

IIN updates

NAB in the community


Highlights of the activities our National Advisory Board (NAB) and Impact Investing Network (IIN) team have been involved in recently.

NAB signs off business plan - rolls up sleeves to put plan into action

In our last update we shared the roles the NAB can play to grow the impact investing sector:

We’ve taken these roles and signed off our business plan to put activities into action.

An ecosystem is only as healthy as the diversity and activity of its members. The NAB sees our primary role as enabling the community of impact investing practitioners.


Throughout this year, we’ll be getting in contact to get you involved with our activities. Such as getting together for community events, shining the spotlight on the unique strengths of impact investing in Aotearoa NZ, and delivering scalable sector projects.

See our planned activities and contact Tan Huynh, our IIN Manager, to get involved.

 

Events and Programmes


Discover the latest trends and connect with the impact investing community at these events and programmes. 

RI Aotearoa NZ conference - early bird tickets until 31 Aug


RIAA's (Responsible Investment Association Australasia) conference is an annual highlight, with the largest responsible gathering in Aotearoa New Zealand. It'll be held in-person on Tuesday 4 October 2022 in Auckland. Early bird rates are available until Wednesday 31 August 2022.
Register

IIN breakfast event - save the date for 4 October 


With the generous support of RIAA, the IIN will again host a breakfast event, just before the RI Aotearoa NZ conference at the same venue (Hilton Auckland). 

Save the date for Tuesday 4 October, 7:15am. We'll provide event details later in the year.

Mindful Money - ethical investing webinars


Mindful Money are hosting a series of webinars on making money a force for good. Topics include: using your Kiwisaver for climate action; setting standards to build trust with ethical investing; investing with Te Ao Māori perspectives.
Register

Mindful Money Awards -  applications open


The Mindful Money Awards return, after the success of the previous awards, to celebrate the role that ethical and impact investing are playing to re-orient investment towards sustainability and wellbeing.

One of the categories is Best Impact Investment Fund.  
Entrants will need to demonstrate a clear vision for creating and measuring their impact with investments that solve challenges such as social equity, nature restoration and greenhouse gas emissions reductions.

Applications are open until 
5pm, Tuesday 3 May.  
 
Apply

Aotearoa New Zealand

Generating more affordable homes into Te Puna Hapori


Generate KiwiSaver Scheme made a $13.7m impact investment into Te Puna Hapori - Verdi Social Housing Bond. In doing so, continues its contribution, and the upward trend of impact investing, to the affordable social housing solution.

The deal was structured by Brightlight Group and aims to deliver social impact, alongside fixed interest returns and payments from long-term leases. Read more


Also see the origins of Trust Waikato's partnership with Brighlight in starting Te Puna Hapori, which means 'wellspring of life for communities' Read more.  
 

BayTrust’s journey to sustainable and impact investment 


At a recent Climate Action Aotearoa webinar Alastair Rhodes, Chair of the NAB, and CEO of BayTrust, shared their journey towards shifting their $250m investment portfolio towards being truly sustainable and taking action on climate change. 

Along the way, BayTrust canned some (mis)perceptions about investing sustainably and with impact: You can have your (financial) cake and eat it sustainably too; flip the fiduciary switch; just because something is hard, doesn’t mean you shouldn’t do it.

Over the last few years, BayTrust has been one of the best financial performing Community Trusts with their sustainability funds in particular outperforming their peers and a 24.3% return achieved to the year to March 2021. This has been done alongside a 90% reduction in their Trust's carbon footprint in its Global Equity and Emerging Markets portfolio exposures. Read webinar summary and BayTrust's media release.

 

Global Perspective

To monetise or not to monetise impact?


 The debate continues - can impact be monetised? And if so, should it be monetised?

Globally there's a shift towards monetising impact with initiatives such as Impact-Weighted Accounts and Value Balancing Alliance.

But what about in the Aotearoa NZ context? Impact should be monetised wherever practical. However, monetisation is not always practical and depends on intended outcomes of the impact investment.

At a previous discussion, facilitated by the Impact Investing Network, members of NZ's impact investing community shared valuable and divergent perspectives.

You can read the takeaways from the IIN event and the article from Stanford Social Innovation Review to be informed about both sides of the debate. 

 

What is an impact startup? According to Big Society Capital.


What is an impact startup? is one of the most frequent questions asked to Big Society Capital, one of the UK's largest social impact investors.

With over £1.8 billion invested into 2,000+ social enterprises, their experience is that impact intentionality, measurement and performance define an impact startup. Read more.

 

Education


A selection of educational research and content on impact investing.

RIAA & Mindful Money: What is on retail investors' minds as they are choosing an investment product? Join RIAA and Mindful Money to unpack the findings of their 2022 survey of Aotearoa New Zealand consumers' attitudes towards responsible investment and the key themes of importance to them. Register.

The Lever Room: Published a Climate Solutions Directory for Aotearoa New Zealand, with a purpose to show the growing number of organisations contributing to New Zealand’s transition to a low carbon future. And help accelerate the changes needed to coordinate climate action at scale. Read more.

University of Otago: The research, In Holdings We Trust: Uncovering the ESG Fund Lemons, uncovered only half of the asset managers surveyed reported their portfolios’ carbon intensity, particularly surprising as climate change was the most important issue according to the survey. More research findings.

Partner with us on impact investing activities


Have a look at our planned activities and contact Tan Huynh, our IIN Manager, to get involved and contribute to growing the impact investing community.
 
Contact IIN
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