Leading positive impact fund NorthStar Impact has shared its Impact Report 2024: Highlights.
This condensed version of the eighth annual impact report aims to give readers insight into NorthStar’s approach to impact measurement and a quick look at some of the real-world positive impact achieved by portfolio companies over the past financial year.
The report includes the impact journeys of several portfolio companies, NorthStar’s Theory of Change for three impact focus areas, and thought leadership from the NorthStar team and four guest writers.
NorthStar Impact invests in listed equities and has exposure in the following areas:
- Climate and Environment: renewable energy infrastructure; advanced materials for battery efficiency; circular economy (recycle, reuse, repurpose); water management and treatment; PFAS clean up technology; and sustainable mining for critical minerals.
- Communities: affordable housing; inclusion (disability services and technology); and childcare services and real estate.
- Education: tutoring (school age); vocational and higher education; and edtech.
- Healthcare: drug development, manufacturing, and distribution; medical devices; and healthcare services.
NorthStar Impact has seen an increase in funds under management — it now manages just over $100 million, up from around $68 million at the end of June 2023 — allowing it to play a larger role in providing new capital to its portfolio companies and become more significant shareholders.
North Star Impact’s strategy sets it apart from other listed equity funds and it manages the only Australian equities impact fund certified by the Responsible Investment Association of Australasia (RIAA) – a certification which was renewed this year.
RIAA also rated the Fund as Sustainability Plus — their highest Sustainability Rating, and NorthStar Impact was named one of RIAA’s Responsible Investment Leaders for 2024. This recognition is important to achieving its goals of wanting to move more capital to the solutions to social and environmental challenges and wanting to actively support the scaling of those solutions.
Read North Star Impact’s Impact Report 2024: Highlights here.
This summary report has been released ahead of the full Impact Report (which will be published shortly) in order to provide our readers with a better understanding of North Star’s approach to impact investing and the way it measures and reports on impact.