As 2018 draws to a close, I wanted to take a moment to review the busy year UCA Funds Management has had and the strategic initiatives still underway.
One of the most exciting milestones of 2018 has been attaining our B Corporation certification. We are in select company as one of a handful of investment organisations in Australia with this certification, and we hope you are delighted to be a part of this achievement.
For those that may not have been able to attend our investor briefing and hear what this certification means, it is equivalent to the Fair Trade stamp for coffee. To receive it, companies must complete the B Impact Assessment which thoroughly examines areas of the business such as governance, employee standards, community involvement and environmental sustainability. With only 226 B Corporations Australia wide, we are thrilled to join their ranks. If you’d like to know more, I encourage you to visit www.ucafunds.com.au/BCorp.
Earlier this year, we announced that the entire UCA Funds Management team took the Banking and Finance Oath. Created by not-for-profit group the Banking and Finance Oath Limited, the oath is a personal pledge to improve the ethical and moral standards of the sector by speaking out against wrongdoing and striving to meet community needs and expectations. Sadly, the banking royal commission highlighted that the finance world hasn’t always conducted itself in the most ethical manner. With more people taking the oath each day, we hope this will change for the better.
Over the second half of 2018, we have been investing in people and systems designed to enhance the quality of our service. This includes expanding our investment and sales and marketing teams, as well as several projects focused on improving our operations. We have also been reviewing how we can improve our interaction and communication with our clients.
As you may recall from our annual report, these initiatives are working towards our three strategic goals of being more visible, more accessible, and strengthening our investment and business performance. The ultimate goal is to grow our annual grant to community and advocacy projects, and so increase the impact of your investments.
This means broadening and deepening the awareness of UCA Funds Management, both geographically and with different types of clients from institutions to individuals. In particular, we have begun the process of reinvigorating our brand to reach more like-minded investors. The full extent of this project will be revealed in 2019, and will include a new name and logo linking to our heritage, while clearly articulating our values-driven point of difference. I’d like to thank the clients and other stakeholders who have given up their time to help us with this process so far.
One of the vicarious benefits is that these endeavours have enabled the whole team to understand and embrace what makes us distinct. They have also helped us to feel the genuine loyalty of our clients and to understand more about why they invest with us. It is wonderful to be part of an organisation with so much heart. Even more inspiring is the fact that after 33 years, our mission to make the world a better place remains the same and will continue long into the future.
I cannot wait to share the re-energised UCA Funds Management with you in the new year. Together, our passionate team and our loyal clients will enable us to take our ethical authenticity to more investors and have an even greater positive impact.