By Anna Bowden The following article was published by Pro Bono Australia on 18 May 2016 In recent years, a suite of new tools have emerged to help us ease some of our most pressing societal problems, such as impact investing, shared value, social enterprise, and social innovation. Gradually, all sectors have come to recognise the value of these models, albeit with some disagreement over their scale of value.
By Anna Bowden, Social Outcomes It seems almost impossible to go a day in Australia without the topic of property coming up, and more specifically, the rapid rate at which housing prices are escalating. For low-income earners in Australia, access to housing is a serious concern. Across the country, the proportion of households spending more than half their incomes on rent rose from 20% in FY2007-08 to 25% in FY2009-10.
On Thursday, December 4, National Australia Bank launched a climate bond to raise at least AUS$150 million for renewable energy. It is already subscribed at AUS$300 million. The bond is the first example of an Australian bank initiating a green bond on the domestic market. The bond is certified by the 2011 International Climate Bonds Standards, which assists investors in directing finance towards positive climate outcomes. The bond will invest