Australian Ethical Investment said it had awarded grants this month to 18 charities and social businesses in projects as varied as animal welfare, conservation, women’s empowerment, renewable energy, addressing homelessness and alleviating poverty. The fund manager's grant program, in place for more than 25 years, is part of the company's commitment to donate 10% of pre-tax profits. Since the program began, the company said it had donated more than $2m to organisations working for charitable, benevolent, and conservation purposes.
“Our company Charter isn’t simply a guide for screening investments – it is the basis of our company culture. Underpinning it is a belief that we have a responsibility to do more than just make money, but to improve the world around us. The grants program is one way we are achieving this goal," Australian Ethical managing director Phil Vernon said.
Vernon said the grant recipients had a variety of causes, but a common dedication to bettering the lives of those around them.
“Whether it’s supporting Indigenous health in the outback, caring for donkeys in Afghanistan, or creating jobs for refugees – there are so many inspiring people working hard to make a difference. We are proud to support these organisations and the great work they are doing."
A fund manager has awarded more than $300,000 to community grants this month as part of a longstanding program.