Sustainability & Environment

Overview

A sustainable future is fundamental to our vision for Australia. Environmental sustainability is one of the Sidney Myer Fund and The Myer Foundation’s five core values while addressing climate change is one of the two abiding themes of the FY24–28 strategic period.

Our philanthropy is informed by the Sustainable Development Goals and we recognise the imperative of the UN Paris Agreement to limit global warming to 1.5 degrees Celsius above pre-industrial levels, reinforced by the IPCC’s Synthesis Report, released in 2023.

The Myer Foundation is pursuing a suite of strategies – a portfolio approach – to advance our commitment to environmental sustainability. Grantmaking supports organisations taking discrete but complementary approaches that effect systemic change, with more than 98% of The Myer Foundation’s own financial resources now invested in ESG (environmental, social, governance) assets. While environmental sustainability is largely the remit of The Myer Foundation, the Sustainability & Environment Program's budget has been augmented by the Sidney Myer Fund, which has directly funded organisations operating at the intersection of climate and inequality, and invested a material proportion of its own corpus into ESG assets.



Sustainability & Environment Program grantmaking

The Sustainability & Environment Program’s focus area for the FY24-28 strategic period is to support climate action that accelerates an equitable net zero aligned transition in Australia.

In line with the Sidney Myer Fund and The Myer Foundation’s strategic pillar of enabling organisations, multi-year grants will be made to organisations whose purpose and work as a whole align with the focus area.

Organisations must meet a range of eligibility criteria to be considered for funding. Projects, programs, initiatives, departments and/or campaigns will not be considered.

The Sustainability & Environment Program does not accept unsolicited applications.

Catalysing change: Watertrust Australia Ltd

Australia is the driest inhabited continent and has some of the most highly variable rainfall and run-off on Earth. Long-term, sustainable management of our waters and catchments is of critical importance. The Myer Foundation and The Ian Potter Foundation shared a vision to create a new, independent and authoritative centre that can rebuild trust and work collaboratively with all stakeholders to find common ground on water and catchment policy reforms. A coalition of 16 philanthropic funders has now committed to investing in the future by establishing a national and fully independent centre focused on helping improve the way decisions are made about water and catchments across Australia.

Transitioning to 100 percent sustainable investing

In 2020, The Myer Foundation undertook a significant portfolio restructure to fast track our goal to achieve 100 percent ESG (environmental, social, governance) aligned investments, with over 95 percent now invested in ESG assets.

Previous strategic periods

During the FY19-23 strategic period grants were awarded to organisations that met the focus area as a whole, which was to support organisations that seek to influence key stakeholders to take action on climate change: