NAB Foundation Launches $50 Million Impact Fund with Focus on Housing and Climate
With $25 million already committed, the new Impact Investment Fund aims to deliver both social outcomes and risk-adjusted financial returns, starting with affordable housing.
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The NAB Foundation has unveiled a new $50 million Impact Investment Fund (IIF), which targets social and environmental outcomes alongside financial performance. Affordable housing is among its top priorities.
Launched at the Asia Pacific Impact Investment Summit in Sydney on Wednesday, the fund has already allocated $25 million of its capital, with $10 million deployed and a further $25 million expected by October 2026.
Speaking at the launch, NAB Group Executive and JBWere Chair Cathryn Carver said the fund reflected NAB’s broader ambition to create long-term value for both communities and investors.
“Directing capital to aligned impact investments opens up new ways for the Foundation to create positive and lasting change,” said Carver. “The NAB Foundation is already supporting crucial community initiatives through up to $6 million in grants annually, and this fund adds another layer of strategic impact.”
The fund will be managed by JBWere, NAB’s wealth management arm, and will focus on investments aligned with three key pillars: Indigenous economic advancement, social and affordable housing, and climate transition. The initiative is part of the Foundation’s broader $170 million corpus and marks a deliberate shift into outcomes-driven capital deployment.
JBWere CEO Michael Saadie said the firm is seeing a significant uptick in clients seeking performance with purpose.
“Impact investing is a growing area of focus for those looking to invest effectively for performance and purpose,” said Saadie. “We’re proud to partner with the NAB Foundation, alongside hundreds of other purpose-driven clients.”
To oversee the fund’s governance, a specialist Investment Committee has been formed, chaired by Ben Smith, Head of Impact Investing at the Paul Ramsay Foundation. Smith said the committee is especially encouraged by NAB’s appetite to invest across the risk-return spectrum to unlock high-impact opportunities.
“The Committee is excited by the potential of the Fund, especially with NAB Foundation’s willingness to invest across the risk/return spectrum to generate high impact return,” he said.
The committee will work closely with JBWere to identify and vet investment opportunities, provide due diligence, and ensure accountability in impact measurement — a crucial step as Australia’s impact investing market matures.
The move comes as investors increasingly look to align portfolios with environmental and social outcomes, especially in sectors like housing, where demand far exceeds supply. NAB’s entry into this space via the Foundation is being seen as both a strategic capital allocation and a signal of institutional leadership.
With this fund, NAB joins a growing list of financial institutions leveraging balance sheets and philanthropic capital to accelerate solutions to some of the country’s most urgent challenges — from housing affordability to climate resilience.
The sports-car maker delivered 279,449 cars last year, down from 310,718 in 2024.
Chinese carmaker GAC will expand its Australian electric vehicle line-up with the city-focused AION UT hatchback.
The sports-car maker delivered 279,449 cars last year, down from 310,718 in 2024.
2 minPorsche car deliveries fell 10% in 2025 as demand was hit by a slowdown in luxury spending in China and as it ceased production of its 718 Boxster and 718 Cayman models through the year.
The German luxury sports-car maker said Friday that it delivered 279,449 cars in the year, down from 310,718 in 2024.
The company had a tumultuous year as it contended with a stuttering transition to electric vehicles and a tough Chinese market, while the Trump administration’s automotive tariffs presented a further headwind.
Deliveries in its largest sales region of North America were virtually flat at 86,229, but continued challenges in China meant deliveries in the country dropped 26% to 41,938 vehicles.
Automakers have faced intense competition in China, sparking a prolonged price war as rivals cut prices to win customers, while a lengthy property market slump and economic-growth concerns in the country has also led to buyers pulling back on luxury spending.
“Key reasons for the decline remain the challenging market conditions, particularly in the luxury segment, and the very intense competition in the Chinese market, especially for all-electric models,” the company said.
Other German brands including Audi, BMW and Mercedes-Benz have all recently reported that the challenging Chinese market hit demand last year.
In Europe, Porsche deliveries fell 13% to 66,340 cars excluding its home market of Germany, while German deliveries dropped 16%.
The company cut guidance several times last year as it warned of hits from U.S. import tariffs, investments in new combustion engines and hybrid models amid the slow uptake of EVs, and the competitive situation in China.
Porsche also last year announced plans to scale back its EV ambitions and instead expand its lineup with more gas-powered and plug-in hybrid models than it had originally planned.
However, in its statement Friday, the company said it increased its share of electrified-vehicle deliveries in the year. Around 34% of vehicles delivered worldwide were electrified, an increase of 7.4 percentage points on year, with about 22% all-electric vehicles and 12% plug-in hybrids.
That leaves its global share of fully-electric vehicles at the upper end of its target range of 20% to 22% for 2025.
In Europe, for the first time in 2025, more electrified vehicles than purely combustion engine vehicles were delivered.
The Macan topped the delivery charts in the year, while the 911 reached a record high with 51,583 deliveries worldwide, it said.
Porsche said it is investing in its three-pronged powertrain strategy and will continue to respond to increasing demand for personalization requests from customers.
“We have a clear focus for 2026,” Sales and Marketing Chief Matthias Becker said. “We want to manage supply and demand in accordance with our ‘value over volume’ strategy.
“At the same time, we are realistically planning our volume for 2026 following the end of production of the 718 and Macan with combustion engines.”
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