Making an impact: Why Chalmers is backing social investing
Many experts are keen on the Treasurer’s wish to push companies, governments and investors together but others say there are better ways to improve wellbeing.
When Treasurer Jim Chalmers unveiled his “values-based” capitalism model last week, one of the central pillars of his plan was impact investing – or governments, businesses and investors working together to deliver better social outcomes.
Chalmers, inspired by former Macquarie banker Michael Traill, an Australian pioneer of social impact investing and an adviser to successive governments, wants to expand impact investment to achieve wellbeing improvements in society and financial returns for investors.
John KehoeEconomics editorJohn Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
