Financial Inclusion Action Plan

by Good Shepherd Microfinance

(NGO)

img

The Financial Inclusion Action Plan (FIAP) program is an innovative, cross-sectoral program offering opportunities to ‘shift the dial’ on achieving greater financial inclusion and resilience in Australia, by harnessing the power of organisations.

Project implemented: November 2016

Project goal

To realise inclusive growth for individuals, families and communities in Australia.

delivering on

why is this project important?

Economic modelling has shown that FIAP actions could lead to an increase in nominal GDP of $2.9b p.a., an increase in Household Wealth of $11.8b p.a. and a reduction in Government spending of $583m p.a

Key steps to make it happen

1Establish & Engage

580 actions via Foundation FIAPs
FIAP Toolkit tested & refined
Robust evidence base

2Transition Phase 2018-19

Online FIAP Toolkit & Collaboration Portal
Sustainable FIAP funding & business models
Launch first Place-based FIAP

3Critical Mass: 2019-2022

4000 actions via Foundation & Build FIAPs
Expand footprint to new sectors

4Community-Led: 2022-2027

Foundation, Build & Embed FIAPs
Collective actions become industry norms
& influence structural change

5Exit

FIAP program enables people to move away from financial
hardship towards stability & income generation

impact to date

30 Trailblazers
30 Organisations have joined the program and created Financial Inclusion Action Plans.
580 Actions
Over 580 actions have been identified and made public, in order to shift the dial on financial inclusion and resilience.
72% Actions in place
72% of the 240+ actions committed in 2016 have been completed.

Financial services are the lifeblood of any economy, and the ability to use financial resources effectively enables people to seize economic opportunities and reduce vulnerabilities. Households and businesses have a chance to save, invest and protect themselves against risks. Yet more than 3.3 million people in Australia are financially excluded, unable to access safe, affordable and appropriate financial services when they need them; and more than 2.4 million people are financially vulnerable. Financial stress can impact anyone – one in four employees report that financial stress affects their wellbeing and workplace productivity.
The Financial Inclusion Action Plan (FIAP) Program provides a platform for organisations from diverse sectors to combine forces to collectively improve the lives of millions of people in Australia. Thirty organisations joined Phase One of this program. Demonstrating that realising greater financial inclusion and resilience is not the responsibility of any one sector, Trailblazers represent financial services, utilities, social services, government, education and legal services amongst other sectors.

Current FIAP Participants

10Thousand Girl, AGL, AnglicareSA, ANZ, Ashurst, Australian Ethical Investment, Australian Unity, Bank Australia, BaptistCare, City West Water, Commonwealth Bank, Corrs Chambers, Westgarth, Energy Australia, Flight Centre Travel Group, Good Shepherd Microfinance, HESTA, Indigenous Consumer Assistance Network Ltd (ICAN), MoneyBrilliant, NAB, Origin Energy, Queensland Government, Suncorp, Swinburne University, The Salvation Army, University of New South Wales, VicSuper, Wannon Water, Westpac, WIRE, Yarra Valley Water

 

related projects

Building & Protecting Mental Health by Growing With Gratitude
Renewable Energy in the Water Industry by Water Services Association of Australia (WSAA)
Business & Sustainability Forum Series by United Nations Association of Australia (WA)
The Individual Deprivation Measure Global Program by Individual Deprivation Measure
Vision Initiative by Vision 2020 Australia
Fighting hunger in australia by Foodbank Australia
Northconnex by Transurban
Circular Economy Design Sprint by The Common Purpose Collective
Environmental Sustainability and Innovation by Konica Minolta Business Solutions Australia Pty Ltd
Day At The Zoo by City West Water
Promoting the Advancement of Women Everywhere by Konica Minolta Business Solutions Australia Pty Ltd
Anti-Racism: It Stops with me campaign by Australian Human Rights Commission
Global goals for local communities by Water Services Association of Australia (WSAA)
Strengthening Multi-stakeholder partnering by The Partnership Brokers Group
National Youth Summit by Sustainable Development Solutions Network (SDSN) Australia/Pacific
Adult literacy schools in PNG by Anglican Board of Mission
Sustainable Fashion by Restyle Closet
Barangaroo South by Lendlease
International Legal Training Program by McCabe Centre for Law and Cancer
SDG National Forum by Fatouma TOURE
World Summit Awards (WSA) – Australia by World Summit Awards (WSA) – Australia
English Language Learning for Indigenous Children by Australian Government Department of Education and Training
Achieving gender balance in water utilities by Water Services Association of Australia (WSAA)
Strengthening the Effectiveness and Extent of Medical Physic... by Australian Nuclear Science and Technology Organisation (ANSTO)
Green Star – Communities by Green Building Council of Australia
ICT for Social Impact Project in India by Swinburne Business School
Getting started with the SDGs in Universities by Sustainable Development Solutions Network (SDSN) Australia/Pacific
My Green Butler by Crystal Creek Meadows
ChildFund Easy2Learn by ChildFund Australia
Pathways to Politics Program for Women by University of Melbourne
Delivering sustainable development through infrastructure by Infrastructure Sustainability Council of Australia (ISCA)
Young Farming Champions by Picture You in Agriculture
Applying SDGs – Determining Socio-Economic Indicators ... by Office of the Commissioner for Environmental Sustainability, Victoria
Inclusion Support Programme (ISP) by Australian Government Department of Education and Training
Get the experience and training you need to find a job by Department of Jobs and Small Business
creating the capacity for people to invest space with meanin... by Place Agency at the University of Melbourne
Green Star by Green Building Council of Australia
It’s Our Place – Bellambi by Australian Social Investment Trust
The Bogie Bulk Buy by Strathbogie Shire Council
Economic independence on traditional land by Indigenous Business Australia
AICD’s Governance Diplomacy Program by Australian Institute of Company Directors
My Blue Sky by Anti-Slavery Australia
Women in MBA (WiMBA) by Sydney Business School, University of Wollongong
ChildFund Pass It Back by ChildFund Australia
Feeding the Performance of Regional Communities by International Convention Centre Sydney
Willing to Work by Australian Human rights Commission
SDG Toolkit for Systems Thinking and Collaborative Approache... by Australian Council for International Development
Fair food farm by Green Connect
Spatial data infrastructure to help monitor and evaluate Aus... by AURIN – Australian Urban Research Infrastructure Network
Kwale Cotton Project by Business for Development
Australian Marine Debris Initiative by Tangaroa Blue Foundation
Applying SDGs – Determining Socio-Economic Indicators ... by Office of the Commissioner for Environmental Sustainability, Victoria
Cooling the planet to feed the World by PundaZoie Company Pty. Ltd.
Economic empowerment for women in Tanzania by Australian Volunteers program
LiveGAPS by CSIRO
Solar my School by Waverley, Woollahra and Randwick Councils
Blue by Blue The Film
5000 Meals Program by Prepare Produce Provide
Thriving Communities Partnership by Thriving Communities Partnership
Tropical Sustainable Design by Tropical Urbanism and Design Lab (TUDLab), James Cook University
We’re all in this Together by Healthy Cities Illawarra (HCI) and University of Wollongong (UOW)
Strong Women. Strong Business by Indigenous Business Australia
Addressing the social determinants of injury by The George Institute for Global Health
Skills for Education and Employment (SEE) Program by Department of Education and Training
Transforming Australia: SDG Progress Report by National Sustainable Development Council
Wanzauni Livelihoods Improvement Project by Anglican Board of Mission
17 SDGs in 2018 – a year of awareness raising activiti... by United Nations Association Victoria and Deakin University
ANZ SDG Bond by Australia New Zealand Banking Group Ltd (ANZ)
The Victorian Salt Reduction Partnership by The George Institute for Global Health
University Commitment to the SDGs by Sustainable Development Solutions Network (SDSN) Australia/Pacific

Does your organisation have a project to include?