AUSTRALIAN SUSTAINABLE FINANCE INSTITUTE LIMITED

Website:
asfi.org.au
ABN:
14 652 099 708
Main Address:
C/- Hub Civic Quarter, 68 Northbourne Avenue, Canberra, ACT, 2601
Charity Size:
LargeLarge charities, those with an annual revenue of $3 million or more, operate on a significant scale, often driving change at a state or national level. Think of well-known organisations working in areas like medical research, international aid, or large-scale environmental conservation.

These charities have the resources and influence to implement large-scale initiatives, conduct vital research, and advocate for policy reform. They offer opportunities to contribute to systemic change and address pressing global challenges.

Charity Type:
Community services
Registration Status:
Registeredthe charity’s registration is active
Religious Affiliation:
No Religious AffiliationThis category comprises charities that do not have any religious affiliation. They operate independently of specific religious doctrines and focus on their mission based on secular principles
DGR Status:
Not Tax DeductibleThis charity or fund is currently not recognised by the Australian Taxation Office (ATO) as a Deductible Gift Recipient (DGR). Donations made to this entity are generally not tax-deductible for the donor. This status indicates the entity does not hold active DGR endorsement, based on official ABR data.
ASFI s mission is to realign the Australian financial services system so that more money flows to activities that will create a sustainable, resilient and inclusive Australia. We do this by coordinating, facilitating and driving implementation of the Australian Sustainable Finance Roadmap. During 2022 ASFI worked with a range of organisations, and built strong working relationships with equivalent organisations internationally, including the NZ Centre for Sustainable Finance, the Canadian Sustainable Finance Action Council, the Sustainable Finance Institute Asia and the UK Green Finance Institute. These partnerships have been invaluable to our work, ensuring we re learning the lessons from other jurisdictions that are further along on sustainable finance and enabling interoperability of the rapidly evolving policy and regulatory architecture, a critical foundation for achieving out mission.. Our work program during 2022 was intentionally targeted as we continued to build out our team, established strong organisational partnerships and focused on projects that would move the dial on the sustainable finance agenda. There were significant opportunities that emerged during the course of the year, and our government engagement and policy work expanded significantly during the course of 2022, culminating in an ASFI hosted event, where we heard the announcement by the Treasurer, the Hon. Jim Chalmers MP, that the Australian Government would develop an Australian Sustainable Finance Strategy, including an enhanced climate disclosure regime and an Australian Sustainable Finance Taxonomy. This was strongly welcomed by 18 ASFI members, and 4 additional industry organisations through a Joint Statement on Accelerating Sustainable Finance. Our work on the Australian Sustainable Finance Taxonomy project was also a standout, with broadly supported recommendations for the framework, process and governance for an Australian Taxonomy being released at the end of 2022. This work is shaping Australian Government thinking on how to develop and implement a Taxonomy in Australia, something the Treasurer committed to in December, and exemplifies how government can work in partnership with the finance sector on this agenda. Our inaugural Australian Sustainable Finance Summit was another success, bringing together participants from right across the finance sector to connect, learn and engage on the sustainable finance agenda. The launch of the annual Progress Tracker report at the Summit highlighted that while momentum is building, there remains significant work to do across financial institutions, government, regulators and the system to achieve the ambitions of the Roadmap.

Only Active in Australia

Staffing DetailsCharities report the number of full-time, part-time, and casual employees, as well as volunteers, for the last pay period of their reporting year.

MetricCharity ValueAverage (Medium)
Full Time22
Part Time34
Casual03
Volunteers071
Full-Time Equivalent (FTE)Full-Time Equivalent (FTE) is a calculation that represents the number of full-time employees a charity would have if you combined the hours of all its part-time and casual staff.4.4315.96
FTE to Volunteer RatioThis ratio compares the number of volunteers to the number of paid full-time equivalent staff. A higher percentage indicates a greater reliance on volunteers.0%2853%
Avg Employee Expenses per FTEThis is the average amount of employee-related expenses (like salary and benefits) spent per full-time equivalent staff member.$122,279$102,855

Related Party TransactionsA transaction between the charity and a person or entity closely connected to the charity, such as a board member, a major donor, or their family members. These must be disclosed to ensure transparency.

Has Related Party Transactions: No

Has Documented Policies:Indicates whether the charity has formal, documented rules and procedures for managing and reporting transactions with related parties. N

Key Management Personnel (KMP)Key Management Personnel (KMP) are the people who have the authority and responsibility for planning, directing, and controlling the charity's activities. This typically includes board members and senior executives.

Reporting on Key Management Personnel remuneration is only required for large charities.

Most Recent Annual Information Submitted 2022

Lodgement was submitted on time.

Reporting Requirements for a Medium Charity (Annual revenue of $500,000 to under $3 million)

Medium charities must submit an Annual Information Statement (AIS) and a financial report that is either reviewed or audited. Unlike large charities, they are not required to provide as detailed a breakdown of their non-current assets and liabilities or disclose remuneration for key management personnel.

CategoryCharity ValueAustralian Average (Medium)
Net Surplus/DeficitThe difference between a charity's total income and its total expenses for the reporting period. A surplus means income was greater than expenses, while a deficit means expenses were greater than income.$135,559$64,293
Net Assets/LiabilitiesThe value of what a charity owns (assets) minus what it owes (liabilities). This is also known as total equity or net worth, representing the overall financial position.$135,559$2,807,871
Total RevenueTotal Revenue plus Other Income. It represents the total income before any expenses are deducted.$1,156,586$828,906
Donations and BequestsIncome received from individuals, foundations, or corporations in the form of gifts, donations, and bequests (gifts left in a will). $0 $190,256
Revenue from Goods and ServicesIncome generated from selling goods or providing services that are part of the charity's mission or fundraising activities. $0 $0
Revenue from GovernmentFunding received from local, state, or federal government bodies, including grants and contracts for services. $0 $284,284
Revenue from InvestmentsIncome earned from the charity's investments, such as interest from bank accounts, dividends from shares, and rent from property. $980 $51,764
Other RevenueIncome from any other sources that don't fit into the main categories. $0 $59,126
Other IncomeOther non-operating income, such as one-off gains from the sale of assets. $0 $20,670
Total ExpensesThe total cost incurred by the charity in carrying out its activities, including program, administrative, and fundraising costs.$1,021,027$764,613
Employee ExpensesAll costs related to paying staff, including salaries and wages, superannuation, and other employee benefits. $541,697 $363,743
Grants and Donations (Australia)Funds and donations distributed by the charity to other organisations or individuals within Australia to support their work. $0 $79,443
Grants and Donations (Overseas)Funds and donations distributed by the charity to other organisations or individuals outside of Australia for international aid and development. $0 $23,983
Other ExpensesAll other operational expenses not classified elsewhere, such as administration, fundraising, and program-specific costs. $479,330 $302,259
Other Comprehensive IncomeIncome and expenses, such as revaluation surplus, that are not recognised in the net surplus/deficit but are included in total comprehensive income. $0 $0
Total Comprehensive IncomeNet Surplus/Deficit plus Other Comprehensive Income. It represents the total change in a charity's net assets from all transactions and events. $0 $0
Total AssetsThe total value of everything the charity owns that has monetary value, including cash, investments, buildings, and equipment.$1,079,425$3,582,980
Total Current AssetsAssets that are expected to be used or converted into cash within one year, such as cash in the bank and short-term investments. $1,079,425 $1,631,090
Total Non-current AssetsAssets that are not expected to be used or converted into cash within one year, such as land and buildings. $0 $1,951,890
Total LiabilitiesThe total amount of money and obligations the charity owes to others.$943,866$775,109
Total Current LiabilitiesDebts and obligations that are due to be paid within one year, such as accounts payable and short-term loans. $938,662 $591,391
Total Non-current LiabilitiesDebts and obligations that are not due to be paid within one year. $5,204 $183,718