Impact Report 2025

Our mission is to invest for positive impact and financial returns. We deliver impact investments that are authentic, accessible and scalable.

Our model involves investing in social and sustainability-focused assets, and managing these alongside our Impact Partners (the majority of which are not-for-profits). In this way, we can make financial investments, while ensuring assets are operated for tangible, positive impact.

We focus on investing in real assets across three impact themes:

Our funds have invested capital in a range of sectors – including social and affordable housing, Specialist Disability Accommodation, renewable power, carbon farming and social impact bonds. 

We believe that great impact investments are made, not found. Our team has experience across leading not-for-profits and institutional investment groups. This unique combination of team experience means we can bridge the impact and investment worlds, and manage the on-the-ground impact of our investments.

The corporate sustainability of CIM itself is central to achieving our vision and mission. We recognise we must hold ourselves to the highest standards, and embed responsible practices into our broader business.

• CIM has been certified as a carbon neutral organisation by Climate Active since 2020.
• CIM launched its Innovate Reconciliation Action Plan earlier this year. CIM’s Innovate Reconciliation Action Plan reflects our commitment to move from reflection to action—building meaningful relationships, implementing structured initiatives, and embedding reconciliation into how we invest and operate.

• CIM is a signatory of the Operating Principles for Impact Management.
• In 2022, 2023 and 2024, Conscious Investment Management was assessed by Responsible Investment Association Australasia ("RIAA") as a Responsible Investment Leader, which demonstrates leading practice, using RIAA’s Responsible Investment Benchmark Report Australia Scorecard.
• The Conscious Investment Management Impact Fund (“CIMIF”) has been certified by the Responsible Investment Association Australasia as a ‘Sustainable Plus’ investment product,¹ the highest possible classification.

CIM recognises that Australia has an inadequate supply of stable, appropriate and affordable accommodation, particularly for those on low incomes. Not having secure and appropriate accommodation is often a barrier to educational attainment, stable work, strong health and wellbeing, and family and community relationships.

To address this challenge, we seek to partner with leading Community Housing Providers and Government to fund the development and acquisition of dwellings for social and affordable tenants.

Sustainable Development Goals addressed:

Over the past year, CIM has been focused on investments that scale Australian social and affordable housing through the Housing Australia Future Fund (HAFF). We reached final close on the Conscious Investment Management Social Housing Fund 2 in June 2025, with $181M of commitments to the fund and co-investment vehicles. CIM is looking to use these commitments to finance ~15-20 projects through the HAFF program or State equivalents, across six states and territories.  If all projects are completed with CIM financing, it would represent over 1,500 new social and affordable dwellings, expected to provide housing to ~2,000 residents.¹

Consistent with CIM’s model, these investments are structured with long-term (25-year) payments from Housing Australia, but importantly, put trusted Community Housing Providers (CHPs) front and centre.

CIM’s structuring approach prioritises ongoing housing outcomes. Projects are designed so that CHPs retain ownership of properties at the end of the HAFF term and housing stock remains within the community housing system, where it can continue to work for future generations.²

While using a different structure, CIM’s early investments into social and affordable housing in Victoria—now operational for over three years—have provided a valuable foundation, directly informing CIM’s HAFF strategy.

In January 2025, CIM made its second biodiverse environmental planting investment alongside environmental not-for-profit Greening Australia. CIM provided financing for the purchase of a 3,313-hectare property in South Australia for a property named “O’Kiltabie.” Greening Australia plans to plant ~900,000 native trees and shrubs on the property over 2026/27.

Restoration of the property is designed to contribute to the recovery of the critically endangered Drooping Sheoak Grassy Woodland on calcrete vegetation community, and to benefit a number of threatened bird and mammal species.

This investment builds on Greening Australia and CIM’s first project together – Caddigat Road – which was financed in 2024. In late October 2024, CIM invited investors to visit the property and meet the Greening Australia team. See via this link a video that provides an overview of the project and showcases the property that will be restored under the partnership.

In this year’s Impact Report, we have included an interview with Heather Campbell (CEO, Greening Australia) and Paul Della Libera (Executive Director, Greening Australia) that shares insights into Greening Australia’s work, our partnership and advice for other environmental groups looking to partner with private capital. 

CIM’s structuring approach prioritises creating ongoing natural capital and biodiversity outcomes. Projects have 100-year permanence periods, and are designed so that Greening Australia and it’s community partners can maintain the reforested land – effectively creating new parkland that we hope exists for generations.¹

CIM has been investing in the Specialist Disability Accommodation (SDA) sector since February 2020, partnering with Liverty Housing to deliver high-quality, long-term accommodation in underserved areas of SDA.  The outcomes of Liverty Housing tenants are independently measured by La Trobe University using the Home and Living Outcomes Framework. 

This year, CIM is proud to share Louis’ story, a tenant one of the SDA apartments called Gadsden, financed by CIM. See a snapshot below, with the full story in this year’s longer form Impact Report.

Louis is a man that has lived with Multiple Sclerosis (MS) for nearly 20 years. Living with MS has been a significant adjustment, and over time, he slowly watched things he valued about himself slip away.

Moving into SDA was a big deal; not just finding the right home but also navigating the NDIS world and trying desperately to learn all that he could about a really complex system. Louis was terrified and anxious in the months leading up to his move, but with the help of Liverty Housing, was able to work through the maze.

Tenant Specialist Olivia spent a lot of time getting to know Louis – who he was as a person, his support needs, and what a ‘good home’ looked like for him. She spent time talking through the endless NDIS jargon and explaining the system and process. Louis and Olivia also had many conversations about all of the aspects of SDA living and explored what transitioning to this next phase of his life would look like.

Since moving in, Louis has absolutely blossomed. He reports that his anxiety is almost gone, and he is learning so much from his Gadsden neighbours about moving through the disability space and maintaining a sense of dignity and self-direction.

Louis has also had enormous praise for Olivia and says that her level of expertise across all facets of disability helped him enormously. She was able to explain and guide him step-by-step through all the “…various bits and pieces”. In particular, he valued that Olivia ‘held space’ for him, and felt that her lived experience was a real benefit.