Rainmaker Group expands into ESG media, acquires The Sustainability Report

Financial services information publishing company Rainmaker Group, publisher of Financial Standard, announced the acquisition of sustainable investment specialist publications The Sustainability Report and Audacious Investing.

Following the purchase, The Sustainability Report will become Rainmaker's key B2B title in the environmental, social, and governance (ESG) investment and corporate sustainability space in Australia, while Audacious Investing will become a key B2C title in responsible/ethical investing for consumers.

Effective October 1, Rachel Alembakis, founder of The Sustainability Report and Audacious Investing, will join Rainmaker Group as editor of the two titles.

"I am looking forward to working with the passionate and knowledgeable team at Rainmaker to further grow this critical space in the business and investment world," she said.

Commenting on the acquisition, group managing director Christopher Page said the business had been looking for the right opportunity to expand into the ESG space.

"We have been following the sector's development because of its growing importance to Financial Standard readers and RainmakerLive's diverse client base of institutional and wholesale investors," he said.

"We believe that The Sustainability Report and Audacious Investing will fill that knowledge gap and we're delighted to have someone like Rachel join the company. She brings unrivalled expertise and knowledge on ESG and has been a well-respected advocate in this space."

Alembakis will report to Alex Dunnin, executive director of research, and Michelle Baltazar, executive director of media.

The acquisition comes six months after Rainmaker Group purchased Money magazine, the longest-running personal finance publication in Australia, from Bauer Media.

Rainmaker currently publishes five titles, including its flagship newspaper, Financial Standard, the key consumer title Money magazine, andThe Good Super GuideThe Good Investment Guide and The Good Economics Guide.

Established in 2011, The Sustainability Report is a weekly digital publication that provides unique, in-depth writing covering how investible Australian companies manage, disclose and communicate their ESG risks and opportunities, and how Australian institutional asset owners and asset managers are using ESG risk/reward analysis to mitigate risk and provide sources of long-term investment return.

Audacious Investing was launched in 2018 to cover the burgeoning consumer demand for sustainable, ethical and responsible investment financial products.

The Investment Trends 2018 Adviser Product and Marketing Needs Report, which surveyed 766 Australian financial planners, found 34% now provide advice on responsible investing, up from 19% in the 2016 survey.

Read more: The Sustainability ReportAudacious InvestingESGRainmaker GroupFinancial StandardMoneyAlex DunninBauer MediaChristopher PageGood Super GuideInvestment TrendsMichelle BaltazarRachel AlembakisRainmaker LiveThe Good Economics GuideThe Good Investment Guide
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