Powered by MOMENTUM MEDIA
the adviser logo
Broker

Broker calls for finance industry to embrace CSR

by Hannah Dowling5 minute read

The principal and founder of Astute Ability Finance Group, Mhairi MacLeod, has renewed her call for further adoption of corporate social responsibility in the finance industry.

Ms MacLeod, who recently launched a tool to assist companies to manage, track and measure their charitable initiatives, outlined that an increasing proportion of young adults are looking to align themselves with businesses that have strong corporate social responsibility (CSR).

To continue reading the rest of this article, create a free account
Already have an account? Sign in

As such, Astute Ability Finance Group has now begun offering mortgage customers the option of choosing their preferred loan provider based on its efforts in sustainability, diversity and charitable donations.

“Generation Z cares deeply about sustainability, society and preserving the planet, and will certainly think twice about taking a cheap deal if the company behind it still dumps its plastic into the ocean,” Ms MacLeod said.

Advertisement
Advertisement

“As a brokerage with CSR at its heart and soul, all our new mortgage customers will be asked whether a mortgage solution from a socially responsible bank is important to them and if so, we will find options that match their own values.”

Ms MacLeod noted that two Australian banks, Bank Australia and Teachers Mutual Bank Ltd, have now had their mortgage and deposit products certified as responsible by the Responsible Investment Association Australasia, while ME Bank has said that it will not invest in fossil fuels, coal mining, coal ports, coal power, gas power, arms trade, tobacco or liquid natural gas plants. 

Ms MacLeod concluded: “The financial services industry needs to address the shifting landscape, especially in light of the Hayne royal commission, and to embrace corporate social responsibility in order to ensure its future.

“Everyone right now finds themselves needing to be more responsible. The results of the royal commission mean we’re first and foremost looking for good customer outcomes, and we have to start looking at corporate social responsibility on all levels,” she said.

[Related: Broker develops CSR platform for financial services sector]

Broker calls for finance industry to embrace CSR
growth plant
TheAdviser logo
growth plant

Hannah Dowling

Hannah Dowling

AUTHOR

Hannah Dowling is a journalist for The Adviser and Mortgage Business.

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

mark lewis fast ta llosc4

In Memoriam: Mark Lewis, 1963–2022

Mark Lewis passed away on Saturday (13 August). Mr Lewis was a well-known identity in the third-party broker...

READ MORE
anthony waldron mortgage choice ta ithtxm

Broker expertise key for securing right loan: Mortgage Choice

The data, which is derived from a June survey of 1,002 broker customers and conducted by Honeycomb Strategy,...

READ MORE
Mark Bouris new ifa

Brokers need to focus on the ‘value-add’: Mark Bouris

With competition among brokers increasing as the number of brokers rises – coupled with the fact that fewer...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more