VicSuper is a $12.5 billion strong Victorian not-for-profit superannuation fund with over 243,000 members and more than 19,000 participating employers. Vicsuper’s central operating principle is sustainability. This means that they think about long term outcomes. They also incorporate environmental, social and governance considerations, along with traditional financial analysis, into their operational and investment decisions.
VicSuper is committed to investing in Victorian projects that deliver financial, community and environmental returns. In 2007 VicSuper invested in the “Future Farming Landscapes” redevelopment project. This project lies between Kerang and Swan Hill in Victoria and is located in the southern part of the Murray Darling Basin, one of the most vital food-producing regions in Australia.
The Future Farming Landscapes project is currently delivering many cross functional benefits to Victorians through agricultural development and innovative water management activities. These benefits include the creation of shared value for VicSuper members through the generation of financial returns over the long term, rural communities of north-west Victoria through job generation and local industry development and the environment through the implementation of sustainable farming practices.
The business model for the Future Farming Landscapes project involves earning income and building capital value through investment in sustainable farmland redevelopment. From the onset, the project was built around improved yield productivity and the delivery of water use solutions for agriculture and the environment. These sustainable farming techniques aim to deliver more food and fibre utilising less land, less water and less management effort. This approach to farming aims to create resilient landscapes which can cope with a variable climate whilst also delivering economic and environmental outcomes.