World’s first higher-education SRI school announced in AustraliaApril 2009
The Australian government is providing A$2.5million ($1.75m, £1.2m) over three years to establish the world’s first academic centre for responsible investment education, training and innovation.
The Responsible Investment Academy will offer continuing professional development courses and diploma and certificate courses, both face-to-face and online. It will be managed by the Responsible Investment Association Australasia (RIAA) and governed by an Australian and International Advisory Council.
Until now Australia has lacked any formal training programme for investment professionals to develop skills in the area, even though between 50 and 60 per cent of all funds under management in the country are run by signatories to the United Nations Principles for Responsible Investment.
The face-to-face programmes start in August in Sydney and Melbourne. The first online courses will be available next March. At the same time working groups are being formed to look at how to develop training on issues such as sustainable infrastructure, the green economy, human capital, human rights, valuation modelling, sustainability reporting and financial markets and governance.