Associate Partner, Perpetual Private
David is an Associate Partner at Perpetual Private, with over a 11 years’ experience across accounting and financial services. He specialises in working with families and for-purpose organisations to deliver tailored governance and investment advice, which closely aligns with family and organisational values.
David has a deep understanding of the unique needs of not-for-profit organisations, allowing him to assist in the careful development of investment policy and investment management strategies, as well as portfolio construction and execution.
In the face of ever changing economic and market conditions, David looks to guide his clients to balance short term needs with long term sustainability. He has a particular focus on working with clients to develop long-term investment strategies which consider environmental, social and governance objectives, as well as the current market environment.
David’s team manages over A$1.2 billion across not-for-profit clients, family offices and private foundations. This allows David to engage with Boards, executives, and philanthropists from the not-for-profit sector, connecting them with Perpetual’s philanthropic experts and educational resources.
David holds a Bachelor of Commerce (Corp. Fin.) from the University of Adelaide, a Graduate Diploma in Financial Planning, is a Registered Tax (financial) Adviser and is completing his CFA studies.
A Transformative Paradigm: ESG considerations for executives and board members.
Environmental, Social, and Governance (ESG) considerations, coupled with ESG investing, have emerged as pivotal factors in shaping contemporary business strategies across industries. Within the aged care and retirement living sector, ESG principles and ESG investing have garnered substantial attention, driving organizations to reassess their operational frameworks and align them with sustainability, ethical, and responsible practices. This abstract delves into the profound influence of ESG and ESG investing on aged care and retirement living, highlighting its transformative impact on various dimensions of this sector.
ESG, often viewed through the lens of sustainable investing, underscores the interconnectedness of environmental preservation, social equity, and robust governance structures. In the context of aged care and retirement living, the environmental dimension translates into reducing carbon footprints, optimizing energy consumption, and adopting eco-friendly infrastructures. Organizations are increasingly focusing on sustainable building designs, energy-efficient technologies, and waste reduction initiatives to create environmentally responsible living spaces for the elderly. These efforts not only contribute to global sustainability goals but also enhance the overall quality of life for residents.
Social aspects of ESG in aged care encompass fostering inclusive communities, prioritising residents’ well-being, and ensuring equitable access to care. Providers are reimagining retirement living environments as vibrant hubs that promote social interactions, physical activity, and mental health. Furthermore, addressing diversity and catering to the specific needs of different demographic groups are gaining prominence, reflecting the core principles of social responsibility.
Effective governance practices are integral to the viability and credibility of aged care and retirement living entities. ESG-driven governance entails transparency, accountability, and ethical decision-making. By establishing robust governance frameworks, organizations can better manage risks, enhance operational efficiency, and build trust among stakeholders. ESG criteria prompt these organizations to uphold high standards of care, from staffing ratios and staff welfare to financial management, thereby elevating the overall quality of services provided.
ESG investing, an integral part of this narrative, has catalyzed a shift in how investors approach aged care and retirement living opportunities. Investors are increasingly factoring in ESG considerations when assessing these options, seeking avenues that align with their values and risk profiles. Companies embracing ESG principles tend to exhibit resilience in the face of market volatility, attracting investment and potentially securing favourable financing terms. ESG investing not only drives capital flows but also incentivizes organizations to prioritize sustainability and ethical practices to appeal to a discerning investor base.
In conclusion, the integration of ESG principles and ESG investing into aged care and retirement living settings heralds a transformative paradigm shift. By emphasising environmental sustainability, social inclusivity, effective governance, and aligning with responsible investment practices, this sector not only advances global objectives but also enhances the quality of life for its residents. ESG and ESG investing act as catalysts for innovation, pushing organizations to devise creative solutions that balance the needs of elderly individuals with ethical, responsible practices. As the aged care landscape continues to evolve, ESG and ESG investing are poised to remain cornerstones of progress, guiding the industry towards a more sustainable, compassionate, and investor-attractive future.