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Impact Investing Network

Kia ora <<First Name>>,


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

This edition covers: COP26, Mindful Money seminar series, NZ Super Fund investment, NZ Government's green bonds and responsible investment commitments, philanthropic impact investing and the Impact Management Platform. 

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.

COP26 - wrap up thoughts from David Woods

David Woods has been expertly assessing the implications of COP26 for New Zealand and shared updates on the Centre for Sustainable Finance, summarising, "Whatever decisions we make [in New Zealand], the investments needed are eye-watering - in enhancing electricity production, in transport, infrastructure, and agriculture to name a few". Read more.

There were also developments in measurement and impact with the International Financial Reporting Standards announcing the setting up of the Sustainability Standards Board. The International Finance Corporation’s Stephanie van Friedberg predicting that “ESG is now table stakes - as we start reporting on impact, that’s significantly harder”. Read more.

Help us with our IIN website renovation

Our IIN website needs a renovation, so we're starting a project to improve it by learning how you use our site to access information about impact investing, as well as your expectations for our digital presence.

As part of this project we’re asking members of the impact investing community to take part in a 20-30 minute interview. Your perspectives will inform future digital improvements as we grow the community of impact investing practitioners. 

We’re working with Victoria University’s Design School on this project. The interviews will be conducted by Master of User Experience Design students and overseen by course lecturers in the programme. 

Please contact Tan Huynh if you'd like to have a say in the future improvement of the IIN website.

 
I'd like to help improve website

Events and Programmes


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

Making Money a Force for Good series - Mindful Money


Our friends at Mindful Money are running a series of seminars and podcasts on Making Money a Force for Good. Bringing insights from leading impact investors, ethical fund managers, financial advisers, and international experts in sustainability and finance.

The next event is on 24 November on Using your Kiwisaver funds to tackle the housing crisis. James Palmer is one of the speakers and will share Community Finance's experiences in contributing to the housing solution through impact investing. Keep an eye out as there are future events on impact investing. Register.
Register

Investing for Impact - Otago University


The 2021 Assembly of Investment Chairs will be held on Tuesday 23 November via Zoom. Previously this annual event was limited to Chairs of Investment Committees however this year the event has been made accessible to a wider audience.

Participants will access knowledge and thinking of domestic and international speakers in the impact investing industry. Covering topics such as green construction, green bonds, direct impact investing, iwi Investing and secondary market investment impact. Register.


Speakers include: Grant Robertson (Minister of Finance), Nicola Nation (NAB member, Ākina), Maria English (ImpactLab), Matt Whineray (NZ Super Fund). 
Register

Aotearoa New Zealand

NZ Super Fund $1oom investment to decarbonise global real estate sector


The NZ Super Fund (NZSF) has committed US$100 million to the Fifth Wall Climate Technology Fund, to invest in technologies to decarbonise the global real estate industry. This investment follows NZSF's announcement to increase investments in climate solutions in its commitment to achieve net zero emissions by 2050 or sooner. Read more.


NZ Government to issue green bonds and require its funds to be net zero by 2050


The NZ Government will soon be issuing sovereign green bonds to finance low-emission projects such as renewable energy or reforestation to help reach the net-zero carbon 2050 target the Government has set. Read more.

This follows the Government's introduction of the Crown Responsible Investment Framework. The commitment from NZ's major investors (NZ Super Fund, ACC New Zealand, Government Superannuation Fund, National Provident Fund) to the globally-accepted Paris Aligned Investment Initiative's Net Zero Asset Owners Commitment, aims to decarbonise their collective $100b investment portfolios to net zero carbon emissions by 2050. Read more.

 

Philanthropic impact investing - RNZ's The Detail podcast


Podcast covers the increasing trend of philanthropic organisations and individuals moving beyond grants to impact investing, to contribute to environmental and/or social impact with a financial return. Interviews with James Palmer (Community Finance) and Sir Stephen Tindall (The Tindall Foundation). Listen to Podcast.
 

Global Perspective

COP26 - "least worst" outcome


So what came out of the COP26, the UN Climate Change conference? A deal is done but disappointment is the lingering feeling for many. The agreement was described by Climate Change Minister James Shaw as the "least worst" outcome

Aotearoa New Zealand contributed to an inspired kick off to COP26 with India Logan-Riley outlining the importance of indigenous leadership to our climate change response. "Finance must be redistributed towards loss and damage and a just transition. Land back, oceans back, this is all part of following indigenous leadership. This is what keeping warming below 1.5 looks like". 

There was so much material coming out of COP26 and useful to have KPMG's media insights to filter climate change subtopics such as mobilisation of capital. 

Financial institutions made vital commitments, in particular the Glasgow Financial Alliance for Net Zero (GFANZ), bringing together more than 450 institutions, representing $130 trillion of financial assets (40 percent of the global total). The GFANZ promised to align their portfolios with net-zero goals. To put this in context, McKinsey estimates a net-zero transition would require at least $150 trillion of capital spending, two-thirds of it in developing economies. Read more.


Cliff Prior (GSG) highlighted the importance of the global impact investing market, which has reached about $US1 trillion however nowhere near the $US90 trillion needed to achieve the UN Sustainable Development Goals by 2030. “Impact investing is absolutely crucial right now. We must be clear here, there are many challenges to achieve [including] net zero, social and climate imperatives. But if you haven't got a finance system that is positively designed to achieve social and climate goals, you haven't got a chance.” Read more.

Rod Oram thinks that progress was made despite an "inadequate" agreement. Critically, the agreement needs to be turned into action with Shaw concluding, “Now COP26 has come to a close, attention needs to turn to the action countries must take to decarbonise their economies. For years we have been discussing the detailed rules that sit under the Paris Agreement. With much of that now finalised, countries can get on with the crucial work of implementation". Read more.
 

Impact Management Platform - webinar


A significant milestone in the impact measurement space. Learn about new Impact Management Platform, facilitated by the Impact Management Project. The platform provides a coherent set of standards and guidance for enterprises and investors to measure, improve and disclose impacts on people and the environment. This session in December will cover the website, how it can be used and signpost to more detailed sessions. Register.

 

Register

Education


A selection of educational research and content on impact investing.
Pathfinder: The path ahead for ethical investing according to John Berry (Pathfinder). The convergence of societal values, demand for transparency in impact reporting, facilitated by technology will accelerate (and necessitate) investing into impact-led enterprises. This path is one where it's better to look at the expansive and growing horizon ahead of us, rather than the narrowing rear view mirror. Read more.

Steven Moe (Seeds): Check out this thoughtful and insightful resource, authored by Steven Moe and published by Seed Press. It's free to download as a document and audio. The book's format is an accessible and digestible collection of essays, including ways impact investing, entrepreneurs and enterprises can take action to reimagine the future of business. Read more.  

The Aotearoa New Zealand Investor Coalition for Net Zero - survey results: New Zealand investors are stepping up to the climate challenge. The survey report, prepared by Mindful Money, revealed 89% of fund managers and asset owners intend to reduce carbon emissions in their portfolios and sign up to net zero pledge under one of the UN-aligned initiatives. There is also a webinar collaboration between the Centre for Sustainable Finance, Mindful Money and others on What role can private finance play in the race to net zero emissions? Read more

This Climate Business podcast (Vincent Heeringa):  A weekly NZ podcast about turning the climate crisis into an opportunity. Talks with entrepreneurs, investors and climate experts about what they're doing to solve the climate crisis. Listen to Podcast.
 

Join our LinkedIn group Impact investments from our 


There's plenty happening with impact investing. To keep up to date, in between our monthly newsletters, join the Impact Investing Network's LinkedIn group. We post regularly with impact investing news, events and education resources.
 
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