Pendal joins forces with financial sector leaders


The Australian Sustainable Finance Intiative – helping steer the Australian economy through a critical decade  


A sustainable and resilient economy – one that prioritises human well-being, social equity and environmental protection – is the foundation for ensuring Australia’s prosperity throughout the 21st century. That’s why the leaders and senior executives of Australia’s major banks, superannuation funds, insurance companies, financial sector peak bodies, civil society and academia are coming together to set out a roadmap for realigning the finance sector to support greater social, environmental and economic outcomes for the country.

The Australian Sustainable Finance Initiative, launched on 27 March, is an unprecedented collaboration to help shape an Australian economy that prioritises human wellbeing, social equity and environmental protection, while underpinning financial system stability, in what it says is a ‘critical decade’ ahead.

Pendal is proud to represent the investment management industry on this critical initiative. Over the past decade we have seen growth in a number of groups individually advocating for greater cohesion with business, financial, social and environmental imperatives. Bringing the wider financial industry together through the Australian Sustainable Finance Initiative means we will now have a truly collective approach to developing a comprehensive roadmap that will address the many present and future challenges.

The Roadmap development process will be overseen by a Steering Committee consisting of senior financial services, academic and civil society representatives. Richard Brandweiner, CEO Pendal Australia, has been appointed to the Steering Committee. Richard is looking forward to contributing to this important initiative, drawing upon his deep experience in the fields of impact investing and responsible investment practices.

Richard is a passionate advocate for responsible investment and delivering societal outcomes. He shares his expertise through current appointments on the NSW Social Impact Investment Expert Advisory Group and as Vice-Chair of the Australian Advisory Board on Impact Investing.

Find out more about the Australian Sustainable Finance Initiative.

This article has been prepared by Pendal Fund Services Limited (PFSL) ABN 13 161 249 332, AFSL No 431426 and the information contained within is current as at March 28, 2019. It is not to be published, or otherwise made available to any person other than the party to whom it is provided.

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