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- An alternative review of performance -. Australian Ethical Investment. Organisational Performance Consultants: Tripharn Teki, Hout Sok, Peter Enzerink, Shawn Boughey. Who is AEI?. Founded in 1986 and employing 55 people. Environmentally and socially responsible investment. - PowerPoint PPT Presentation
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Australian Ethical Investment
- An alternative review of performance -
Organisational Performance Consultants:
Tripharn Teki, Hout Sok, Peter Enzerink, Shawn Boughey
Who is AEI?
• Founded in 1986 and employing 55 people.
• Environmentally and socially responsible investment.
• AEI provides five retail investment trusts, with approximately 140 individual investments.
• Retail superannuation fund that is valued at approximately $500 million.
Organisational Performance Consultants
• Alternative performance metric compared to current TBL.
• Provide a summary report (2000 wds) and presentation to the Board of Directors of AEI.
• Utilised the Balanced Scorecard Method for measuring performance.
• System, Power and Structural view.
Areas of Performance
• Employee Satisfaction– Consultant – Hout Sok
• Financial Performance– Consultant – Peter Enzerink
• Sustainability Performance– Consultant – Shawn Boughey
Power View
Employee Satisfaction
Environmental Sustainability
Financial Operation
Customer
System View
Employee Satisfaction
Environmental Sustainability
Financial Operation
Customer
AEI
Environment
Employee Satisfaction
0 10 20 30 40 50 60
2005
2006
2007
2008
Very Satisfied
Somewhat Satisfied
Neutral
Somewhat Dissatisfied
Very Dissatisfied
Staff Survey 2005-2008
Employee Satisfaction
7.2
18.5
10.7
0
2
4
6
8
10
12
14
16
18
20
05-06 06-07 07-08
Staff Turnover 2005-2008
Financial Performance
• Publicly listed
• Managed trusts
• Superannuation trusts
Financial Performance
Managed trust performance (April 2009)
– Equities: Ranked 4th of 33 Australian Mid/Small Growth funds
– Balanced: Ranked 5th of 58 Multisector Balanced funds
Table D.2: Superanuation average annual return for 5 years ending June 30, 2007
Balanced GrowthAEI 9.90% 14.80%Typical industry fund 8.2-10.8% 9.5 - 11.5%
Financial Performance
• Funds under management (FUM)
Financial Performance
• Tithing 10% of profit– Major: Bluegreen Films, Medical Students’ Aid Project
– Minor: ACT Eden Monaro Cancer Support Group, Engineers Without Borders, Pedal Power ACT, Child Wise, Asian Women at Work and the Broken Hill & District Hearing Resource Centre
• Climate change
Sustainability Performance
• Investments
• Operations
• Best Practice Role Model
Sustainability Performance
Trevor Pearcy House – New Office Building
ENERGY
Upgraded insulation & exposed internal mass
Natural ventilation with mechanical back-up.
Operable windows, ceiling fans & radiators
Solar hot water
~70% reduction in energy use
Sustainability Performance
Trevor Pearcy House – New Office Building WATER
~75% reduction in water useRainwater captureLow flow urinals (retrofit)AAAA showerheadsDual flush toilets (retrofit)
Sustainability PerformanceEnergy
Energy Used (MJ/Sqm)
0
200
400
600
800
1000
1200
2004-5 2005-6 2006-7
Energy Used (MJ/Sqm)
Sustainability PerformanceWater
Water Used (Kl/FTE Staff)
0
2
4
6
8
10
12
14
2004-5 2005-6 2006-7
Water Used (Kl/FTE Staff)
Sustainability PerformanceWaste
Waste Recycled (%)
76
78
80
82
84
86
88
90
2005-6 2006-7
Waste Recycled (%)
Sustainability Performance
• GRI – Global Reporting Initiative
• Savings in Energy and Water Translate to Financial Performance
• Crucial to maintain leadership in this area
External Validation
• Meet these measures = Meet the strategic goals of AEI.
• Customer Retention and Acquisition.– External validation of AEI performance.– Customers will not invest in a poor performing
organisation.
Recommendations
• Need for specific metrics for Employee Satisfaction.
• Current market volatility and impact on investment.
• Impact of climate change and the effect on investment.
Conclusion
• Performance is in line with market expectation.
• A number of recommendations should be investigated.