Impact investing over 20 years: A timeline

Over the past two decades Australia’s impact investing sector has gone from a state of uncoordinated innovation to one of marketplace building. We revisit the Pro Bono News archives to reflect on some of the key moments that have got us here.

Cool Timeline

“Venture philanthropy” is the new buzz-word in the world of giving.

Jun,2000

The latest Socially Responsible Investing Benchmark report shows that SRI has grown dramatically over the past 12 months – rising to at least $13.9 billion from $10.5 billion only a year ago.

Oct,2002

Most investment managers worldwide see socially responsible investing practices becoming mainstream.

May,2005

A consortium of four major charities purchases ABC Learning childcare centres.

Dec,2009

Social business operators and investors meet in Melbourne for the inaugural CSI Investing for Impact Conference.

Apr,2010

The Gillard government announces two new initiatives to provide support for social enterprise.

Jul,2010

The federal government announces Foresters Community and Social Enterprise Finance Australia (SEFA) will establish new banking and financial services for social enterprises in Australia.

Aug,2011

The NSW government announces a trial of two “social benefit bonds” (SBBs) to focus on improved social outcomes and reduced demand for future government services.

Sep,2011

It is announced Social Ventures Australia (SVA) will manage a new $8.6 million Social Impact Fund making it the third organisation in the SEDIF Scheme.

Jun,2012

A federal government report suggests that the impact investment market in Australia is still in its early stages but shows great potential for growth.

Apr,2013

SVA raises $7 million for Australia’s first social benefit bond – well ahead of schedule.

Jun,2013

Sir Ronald Cohen visits Australia to promote the work of the international Social Impact Investment Taskforce established by the G8.

May,2014

The Social Impact Investment Taskforce report launches.

Sep,2014

Daniel Madhavan is appointed as the inaugural CEO of Impact Investing Australia – a newly established not for profit set up to develop the market for impact investing.

Oct,2014

GoodStart is recognised as one of 10 top innovations, in a new report on global philanthropy.

Oct,2014

The NSW government becomes the first in Australia to launch a Social Impact Investment Policy and establish an Office of Social Impact Investment.

Feb,2015

Impact investing grows to record levels in Australia.

Aug,2015

Superannuation fund HESTA commits $30 million to create an impact investment fund managed by SVA.

Sep,2015

The first data set of Australian impact investments reveals positive financial returns, and strong social and environmental outcomes.

Oct,2015

The Turnbull government voices its support for impact investment, as part of its far reaching response to the Financial System Inquiry.

Oct,2015

Leaders spanning Australia’s finance, not-for-profit, business and public sectors launch a Blueprint for Impact Capital Australia (ICA).

Nov,2015

The Impact Investing Australia 2016 Investor Report reveals investor demand for impact investment is expected to reach $18 billion over the next five years.

Mar,2016

The Turnbull government explores ways it can develop the impact investing market in Australia, with a focus on affordable housing supply.

Jan,2017

South Australia launches the country’s first homelessness social impact bond, which will support 600 people through a program focused on life skills and employment pathways.

Feb,2017

The Responsible Investment Association Australasia launches the Impact Investment Forum.

May,2017

SVA’s Diversified Impact Fund raises more than $10 million and reaches its first close sooner than expected.

Dec,2017

The Australian Advisory Board on Impact Investing’s field scan reveals the ecosystem is moving from early stage exploration into the early stages of market building.

Feb,2018

The government announces in the federal budget that it will work with Impact Investing Australia to look at ways to build the market to scale.

May,2018

The Benevolent Society Social Benefit Bond becomes the first SBB to reach maturity in Australia.

Oct,2018

Rosemary Addis hands over the chair of Australian Advisory Board on Impact Investing.

Jul,2019

Michael Traill AM is appointed to lead the expert panel behind the government’s Social Impact Investing Taskforce.

Oct,2019

The Social Impact Investing Taskforce releases its interim report.

Feb,2020

A new study from RIAA finds the Australian impact investing market has more than tripled over the past two years.

Jun,2020

Research shows the global impact investing market is continuing to mature despite the COVID-19 crisis and is now worth more than $1 trillion.

Jun,2020

For a deeper look at these key changes, check out our article examining how far the impact investing sector has come since 2000.