Leading Australian impact investment manager For Purpose Investment Partners (FPIP) launched its third annual Impact Report with a panel discussion hosted by Michael Traill and featuring Allegra Spender MP Member for Wentworth, Ludovic Theau Chief Investment Officer at Australian Ethical Investments and Lin Hatfield Dodds, respected social and public policy leader.
The panel discussion ‘Social Impact, Productivity & Capitalism 2.0: Are We Making Progress?’ on Tuesday 23 September 2025 explored FPIP’s work, the ‘S’ in ESG investing, and how economic productivity can deliver better outcomes for Australians, with a particular focus on social sectors.
Allegra Spender MP offered her insights from the Treasurer’s Economic Reform Roundtable, where government and industry leaders gathered and held “discussions that covered superannuation, about Your Future Your Super, and RG97. We discussed whether these mechanisms allow us to invest where Australia needs investment and in ways that drive productivity and sustainability for our country.”
Spender spoke about the challenges of impact investment for institutional investors and told the audience:
“We must address the barriers preventing super funds from investing in areas with good financial returns and social outcomes. We need investment at scale that drives productivity and sustainability.”
The panel noted the sole purpose test can lead to benchmark hugging – a rational response for super funds given current rules.
Ludovic Theau explained how Australian Ethical’s convictions drive their ESG leadership:
“Our Ethical Charter forces us to innovate and value social success, we do emphasise performance and our partnership with FPIP is part of our work to nurture this ecosystem.”
Lin Hatfield Dodds reminded the audience that productivity involves systems thinking:
“The purpose of human services and social policy is human flourishing. We must stay laser-focused on purpose. Service delivery must focus on everyone’s human needs – to connect, contribute, belong and be valued. People are our greatest asset. We forget that at our peril.”
Spender agreed that “people want outcomes that matter on the ground – in areas like aged care and disability support. That’s what matters to people and politicians.”
This creates opportunities for impact investors, as Spender explained:
“That is the opportunity for the work that [FPIP] does and in a way that is really driving real outcomes because that is the challenge for government, we know in terms of outcomes it takes a few years to get it going, for the rubber to hit the road, but people want to see that the quality of services will be there.”
The impact highlights from FPIP’s latest report are demonstrating the quality of services across its $200 million investment portfolio with:
- For Purpose Aged Care lifted quality of life ratings to 79%, exceeding the industry average of 75%, driven by uplift in clinical care outcomes.
- FP Education helped 85% of learners improve their employment position, outperforming the industry average of 65%
- FP Ability reported 83% of customers agreed that their service improved access to healthy, appropriate meals – up from 75% the previous year.
- FPIP Specialist Disability Accommodation achieved 88% quality rating, nearly double the 46% rating from residents’ previous homes.
FPIP aims to be a leader in Australia’s impact investment ecosystem through transparent reporting. The latest report presents meaningful metrics, tracked over time and benchmarked against external indicators. The report combines data with case studies from people accessing and delivering services – demonstrating real purpose in action.
The Impact Report 2025 is available here along with the latest Disclosure Statement under the Operating Principles for Impact Management.
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