BREAKING: Fox & Hare Financial Advice Becomes Australia’s Newest B-Corporation
FOX & HARE FINANCIAL ADVICE CELEBRATES MAJOR STEP IN “CLEANING UP” AUSTRALIA’S BELEAGUERED ADVICE INDUSTRY
Industry leading firm cements its place as one of Australia’s most progressive advisories, passing rigorous social, environmental and good governance B-Corp certification process.
22/06/22 SYDNEY, NSW: Today, Fox & Hare, one of Australia’s most recognised and celebrated boutique advisories celebrates passing the gruelling assessment and certification process to become a fully certified B-Corporation. By meeting the highest verified standards of social and environmental performance, transparency, and accountability, Fox & Hare intends joins other business leaders in a global movement of people using business as a force for good – working toward a global economy that benefits all people, communities and the planet.
Fox & Hare Co-Founder, Glen Hare says “we recognise the damage that years of shady behaviour, exclusion and questionable ethics have caused to our industry and believe that this is a significant step toward rectifying that damage. A Recent Roy Morgan study revealed a meagre 17% of Australians rate Financial Planners ‘very high’ or ‘high’ for ethics and honesty – and we’re doing everything in our power to change that.”
B-Corp certification calls for the highest verified standards in social, environmental and good governance. Fox & Hare’s successful accreditation was underpinned by the implementation and maintenance of policies including, but not limited to:
- Gender representation and equity at all levels of business: Less than 23% of Australian advisers identify as women, an already depressing number that falls precipitously when adjusted to include entrepreneurs and business owners. Fox & Hare smashes industry glass ceilings at every level, it is female co-founded, boasts a 50/50 gender split amongst team members, and a whopping 49% of members who identify as female.
- Meaningful inclusion for the rainbow community: It’s estimated that less than 5% of Australia’s total population identify as members of the rainbow community – yet more than 16% of the Fox & Hare membership base do so. Welcome news for a cohort reporting significantly higher levels of financial hardship and stress than their heterosexual and/or cis-gendered counterparts.
- Environmental and social stewardship: Recognising the impact human activity has on the climate and environment, Fox & Hare maintains 100% carbon neutrality – offsetting everything from staff commutes to utilities. Further, Fox & Hare uphold specific reduction targets relative to previous performance, are currently in the process of sponsoring an Australian environmentally focused NFP and have a stated commitment to reach 50% of all funds under management invested ethically by 2023.
Fox & Hare are proud to stand shoulder to shoulder with other notable B-Corporations Patagonia, Koala, Aesop and Bank Australia.
About Fox & Hare: Founded in 2017 by two former Macquarie execs, Fox & Hare aims to empower and educate Australians in the wealth accumulation phase of their life journey. Through the provision of a safe, inclusive and accepting environment, they’ve built a diverse and devoted following of 30/40 somethings, from many backgrounds, abilities and genders. The organisation and its co-founders have featured in the AFR, IFA and Sydney Morning Herald, been included in Financial Standard’s Power 50 and voted IFA’s Thought Leader of the Year.
0434 418 478