The Responsible Investment Association Australasia (RIAA) recently launched Charting the Path research paper, bringing a new and fresh outlook on First Nations investing.
The groundbreaking research paper is aimed at enhancing First Nations investing and helping close the gap.
William Leak, Project Lead and Co-Chair of RIAA's First Nations Peoples' Rights working group, said Charting the Path "engages in unlocking the capital flows that will be critical in closing the gap between Indigenous and non-Indigenous Australians as well as providing confidence to investors".
"Charting the Path aims to equip investors with the tools and knowledge to deepen their engagement with First Nations economies," he said.
The report sets out the actions and the blueprint required to build "a credible and values-aligned market that honours the culture, fosters truth and delivers a genuine meaningful impact".
"It makes a compelling investment case for aligning capital with First Nations priorities; recognising this can support risk management, unlock unique opportunities, and support portfolio development that is more inclusive and sustainable," Mr Leak said.
Charting the Path offers pathways to build an investment market that reflects and amplifies the strength of the First Nations economy which is grounded in Country, culture, governance, enterprise and intergenerational stewardship of land and resources.
RIAA's First Nations Peoples' Rights Working Group co-chair Will Leak with Evans & Partners director Caleb Adams. Image: supplied.
The paper follows three pathways that set out "the direction for success":
Firstly, representation is needed through increasing the participation and leadership of First Nations peoples, communities and enterprises across the investment ecosystem for maximum success.
Secondly, it sets out the systems alignment that transforms institutionalised investment norms, governance, and accountability mechanisms to reflect and uphold First Nations rights, values, and ambitions.
Thirdly, through unlocking Capital flows will help enable and direct the flow of investment capital to support First Nations-led economic development and community wellbeing.
RIAA Co-CEO Estelle Parker said "this is not simply about participation; it's about a finance system grounded in self-determination and respect".
"By aligning capital with the rights and values of First Nations peoples, Australia can lead globally in directing capital in a way that is just and built to last," she said.
The paper lays the foundation for future research, collaboration and innovation.
RIAA said in a statement it encourages all stakeholders to join this conversation and help "build an investment environment where Country, culture, and community create long-term prosperity and a more inclusive economy for all Australians".
RIAA said the Charting the Path "opens the door for a safe and inclusive space for First Nations investing, setting the new horizon for First Nations people and a push for collective action into closing the gap".
