In response to Australia’s ageing population, Monash University's BehaviourWorks Australia has been working with AustralianSuper for the last four years to investigate the factors that make for a ‘good retirement’. The AustralianSuper Monash University Retirement Confidence Index (AMRCI) was established to track changes in Australian's retirement confidence from year to year.
The AMRCI considers financial preparedness and an individual’s ability to afford living expenses, as well as the health, social and planning aspects of retirement. In other words, AMRCI shows that retirement confidence is not only related to having money in the bank but about how people think and feel about finishing up their working lives. A dynamic online tool has also been developed for AustralianSuper members to interactively explore how confident they currently feel about retirement, and determine what’s really involved in shaping a ‘good retirement’.
Launched in 2020, the Australian Industry Energy Transitions Initiative brings together leaders from industry and business to coordinate learning and action on net zero emissions supply chains. Convened by Climateworks Centre and Climate-KIC Australia, the program works with partners from ‘hard-to-abate’ sectors, such as steel, aluminimum and chemicals manufacturing, to develop net zero action pathways. In 2021, the program released its Phase 1 Highlights Report: Setting up industry for net zero.
The International Consortium for Research on Employment and Work (iCREW) builds on a long tradition of excellence in the fields of industrial/employment relations, work, human resources, technological change, labour economics and labour law research at Monash University, with the aim of contributing to enhanced organisational performance, improved wellbeing for working people, managers and other organisational stakeholders, and the improvement of public policy. It focuses projects in the private, not-for-profit and public sectors, especially with a view to producing high-quality publications that have engagement and impact. Its projects typically are in collaboration with governments, employers, unions and wider communities.
Monash Centre for Financial Studies is collaborating with Mercer and the CFA Institute in the new Mercer CFA Institute Global Pension Index (MCGPI) project. This is a three-year partnership, starting in 2020. The Index evaluates retirement systems across the globe against more than 40 indicators, and produces sub-indices of adequacy, sustainability and integrity. Its 2021 annual report also highlights the shortcomings of each pension system and provide recommendations for improvement.
In partnership with Global Green Growth Institute and Relative Creative, Monash's Climateworks Centre provided technical assistance and support to the Government of Tonga to develop Tonga's long-term low emissions development strategy and Enhanced Nationally Determined Contribution (NDC), in fulfilment of Paris Agreement expectations. The final Tonga Low Emission Development Strategy 2021 – 2050 was submitted to the UNFramework Convention on Climate Change Secretariat during COP26 in November 2021.