Ambitious plans from Australia in the social and impact investing domain in today’s SIB News. It’s mid-summer so no SIB-specific material but an interesting story nonetheless…
Nexus: Millennials On A Mission
Brian Weinberg – Green Money
Aron Ping D’Souza, a young philanthropist and Australian native, first attended a Nexus Summit in London in 2012. There, he was exposed to Sir Ronald Cohen’s work on impact investing and social impact bonds. The idea that for-profit investing could be a vehicle for social impact was new and powerful to him. It ignited his imagination on how he could bring these new relationships and extraordinary ideas back to his home country in the name of good.
A little more than a year later, he launched Good Super, Australia’s first social impact retirement fund at the first Nexus Summit in Australia, which he chaired. Good Super is aiming to reach USD $1 bln in assets by the end of 2014, supporting countless companies taking on major issues, ranging from clean energy to extreme poverty.