Impact investing in Australia is set to skyrocket according to a report by the Responsible Investment Association Australasia.
In its Benchmarking Impact 2020 report, the RIAA predicts the market will reach $100 billion by 2025 and says the market is now worth $19.9 billion as Australian investors have increased their exposures to clean energy, housing, education, health and conservation.
The report surveyed 125 Australian investors with a collective $1722 billion in assets under management and studied 111 impact investment products across the country. About 90% of investors believe impact investing will grow in significance. It found that the majority of impact investment products are green or sustainable bonds ($17 billion), while $2.9 billion was held by Australian investors in real assets, private debt, public and private equity, social impact bonds and more.