NAB Foundation unveils $50m Impact Investment Fund | Australian Markets
National Australia Bank’s (NAB’s) philanthropic investment arm, NAB Foundation, is allocating an further $25 million to its social and environmental-focused Impact Investing Fund (IIF), with an eye on inexpensive housing tasks.
The deliberate $25 million enhance to the IIF, to be added by October 2026, comes on high of the NAB Foundation’s unique $25 million dedication to the newly launched fund.
The IIF was introduced at this time by NAB group govt and JBWere chair Cathryn Carver in an handle to the Asia Pacific Impact Investing Summit in Sydney wherein she mentioned sustainable investment options within the context of Australia’s housing disaster.
According to NAB, the IIF has thus far invested $10 million of its now $50 million investment pool.
Overseen by NAB subsidiary JBWere, the IIF particularly seeks out investment alternatives that “generate a positive and measurable social and environmental impact”, NAB stated.
Investments are focused at scaling impactful tasks and organisations that align with NAB’s sustainability priorities, protecting the broad goal investment classes of Indigenous Economic Advancement, Social and Affordable Housing, and the Climate Transition.
Carver stated the IIF, on high of the NAB Foundation’s broader social investment remit, would search to unlock more alternatives to deal with societal challenges and assist sustainable development.
Already, she notes, the Foundation supplies up to $6 million in philanthropic grants and partnerships annually to assist group initiatives.
“Directing capital to aligned impact investments opens up new ways for the Foundation to create positive and lasting change.”
JBWere chief govt Michael Saadie stated the firm’s governance and influence investment specialists have been “excited to work with NAB Foundation and like-minded clients to help them develop and execute their impact investing ambitions”.
A specialist IIF Investment Committee, chaired by Ben Smith head of Impact Investing at Paul Ramsay Foundation, has additionally been established to determine and conduct due diligence on potential investments.
The IIF is a component of an total NAB Foundation investment pool of $170 million.
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