Map My Plan Pty Ltd
Climate Impact & Sustainability Data (2016, 2018)
Reporting Period: 2016, 2018
Environmental Metrics
ESG Focus Areas
- Employee Wellbeing
- Financial Literacy
Social Achievements
- Developed and implemented a financial wellbeing program to help employees improve their financial fitness and reduce financial stress.
- Provided online tools and resources to help employees manage their finances and set financial goals.
Climate Goals & Targets
Long-term Goals:
- Support employees in superannuation, investment planning, and retirement planning.
Medium-term Goals:
- Assist employees in saving for major life goals and ensuring adequate insurance coverage.
Short-term Goals:
- Help employees get debt under control and increase emergency savings.
Environmental Challenges
- High levels of financial stress among Australian employees impacting productivity, engagement, health, and relationships.
- Uneven distribution of economic growth leading to financial insecurity for many.
- Increasing job insecurity due to casualization and the gig economy.
- Complexity of the financial system leading to inaction.
- Frequent government policy changes causing uncertainty.
- Rising cost of living, particularly housing, exceeding wage growth.
Mitigation Strategies
- Developed a financial wellbeing program offering short-term and long-term solutions, including debt management, emergency savings, budgeting tools, and retirement planning.
- Provided financial education and ad-hoc advice.
- Offered online platform to manage finances and compare progress against national averages.
- Targeted financial education based on demographics to address specific pain points.