August Investments’ Managing Director, Damien Lynch, speaks with Eco Investor magazine about environmental investments.
Produced by Dominic Flanagan
August Investments introduced “ethical investment” and “green investment” management to Australia. The company was formed in 1981 to provide a general investment service to its shareholders with part of its funds supporting environmental and socially responsible business ventures. Within a short time its investment activities evolved so that the substantial portion of assets was invested in environmental and socially responsible areas.
We have been credited as the first private investment organisation worldwide to approach investments using positive selection criteria (such as investing in reforestation), as opposed to the previous overseas practice of using negative selection criteria (such as not investing in uranium mining). Our charter has subsequently been used by a number of ethical investment organisations.
August Investments has provided the seed capital for a number of start up green investment organisations. It was responsible in 1986 for the formation of Australia’s first public investment management company with a public investment trust dedicated solely to ethical and green investment. This company, now called Australian Ethical Investment Ltd and managed separately, has total funds under management in excess of $600 million. August Investments also established the Earthcare Fund, a revolving loan fund, and EcoForest Limited, a reforestation company.
We aim to provide our shareholders with both dividends and capital growth. Capital growth varies from year to year (see Financial Summary). Dividends are paid twice yearly in June and December. Current dividends are $12.00 pa.