A new impact investing group overseen by former National Australia Bank chief Andrew Thorburn has bought 1600 hectares of land in Western Australia ahead of rolling out a “Forever Fund” focused on regenerating farmland for carbon sequestration and improving biodiversity.
Sentient Impact Group, chaired by Mr Thorburn, was formed last year following a restructure of Impact Investment Group, with the former taking around $200 million of renewable energy infrastructure investments as seed assets.
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Michael Bennet is WA reporter for The Australian Financial Review based in Perth. He has worked as a journalist for more than a decade, including at The Australian where he was senior banking reporter and also covered economics, markets and deals. Connect with Michael on Twitter. Email Michael at michael.bennet@afr.com
