will on Wednesday commit $100 million to investments in carbon reduction initiatives, with millions more to advocate for policy and regulatory change, and insists the money is far from charity.
The Schwartz family wealth – estimated at more than $400 million – spans a diverse range of property and investments, including a 23 per cent stake in listed non-bank lender Qualitas and major stake withThe family investment group Trawalla was founded with his wife Carol, a leading company director on the board of Reserve Bank of Australia and daughter of Marc Besen, the billionaire co-founder of the Sussan fashion chain along with Melbourne billionaire John Gandel.
“We have to make it even more profitable to invest in climate ... business has to be given the incentives to create the change we need,” he said.