Reconciliation Action Plan
We acknowledge, respect and engage with, and seek to meaningfully partner with, Indigenous peoples and communities to build capacity, grow businesses and create wealth.
Operating and investing responsibly for people and communities.
At QIC, we aim to invest and operate responsibly, considering our impacts on our people, those in our supply chains and on the communities in our sphere of influence. We view the quality of these relationships as critical to our social licence to operate and a driver of our success.
Our people
Our success and ability to create value is dependent on the capability of our people and the breadth and richness of their skills, ideas and experience. At QIC, we believe our culture of inclusion, accountability and excellence provides a foundation for innovation and growth.
Learn more about Corporate governance and Diversity, equity & inclusion at QIC.
Community
We contribute to resilient communities through infrastructure and real estate assets that service, connect and power cities and regions while providing employment opportunities that promote economic wellbeing.
Beyond our assets, we are also proud of our 25+ year history as a founding sponsor of the Queensland Gives. In FY23 alone, Queensland Gives supported Queensland communities by distributing approximately A$4.6 million.
QIC also supports our people to contribute to the community through a range of programs, including workplace giving through the QIC Charitable Foundation, one day of community leave each year and mentoring opportunities. The QIC Charitable Foundation, established in 2021, will grow over time and it is our intention to be able to make a meaningful donation to charities of our employees’ choice to benefit some of the most vulnerable members of our community.
Highlights
In partnership with Australian Retirement Trust and the Queensland Government, we are financing new social and affordable housing supply in Queensland.
It is expected to increase the supply by up to 1,200 new homes with construction to commence on all projects by 2025.
The Venture Capital Development Fund is a Queensland Government program managed by QIC that seeks to accelerate, develop and enhance the venture capital industry in Queensland.
The program also aims to increase the flow of capital into innovative early-stage Queensland companies. This will create jobs and stronger local economies.
QIC Real Estate’s Community Investment Program is focused on the flagship theme of physical health and wellbeing and is being delivered with our community partners Nutrition Australia and YMCA.
The co-designed program incorporates a Wellness Hub at select Real Estate assets that aims to improve the physical health and wellbeing of the local communities.
Modern slavery
Modern slavery is a pervasive global problem, with about 50 million people1 estimated to be living in modern slavery across the world. At QIC, we focus our efforts on those areas that pose the greatest risk to the most vulnerable people, rather than just our own corporate risk.
In Australia, the Modern Slavery Act 2018 (Cth) came into effect on 1 January 2019, placing a requirement on eligible entities to submit a Modern Slavery Statement annually. The Act seeks to actively reduce the risk of modern slavery occurring in Australia and across the globe.
Learn about how we are working to identify and mitigate modern slavery in our investments, operations and supply chains by downloading our latest Modern Slavery Statement under our Governance and reporting page.
1 As at 2021, www.walkfree.org/global-slavery-index/.