Minderoo Foundation Annual Report 2022
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Annual Report2022

Challenge Impossible

A foreword from our Chairman & Co-Chair

Andrew & Nicola Forrest

Chairman and Co-Chair

For 21 years Minderoo has been investing in people and challenging the impossible.

A foreword from our CEO

John Hartman

Chief Executive Officer

We will continue speaking truth to power and stare down uncomfortable realities.

The year in numbers

At Minderoo, we measure success by our impact on tackling the world’s big challenges.


The additional collective investment in early childhood Thrive by Five has been promised by the federal and state government in 2022


The estimated number of people living in modern slavery


The percentage of seafood eaten by Australians… that isn’t Australian


The number of tonnes of Ukrainian grain Minderoo helped deliver to the drought-ravaged and famine-hit Horn of Africa, feeding 1.5 million people for a month


The number of Australia’s largest employers representing 700,000 workers that place Indigenous employment parity at the top of their corporate agenda


The number of entries in the inaugural year of the Minderoo-sponsored Best Australian Yarn short story competition for The West Australian


The number of people supported by Minderoo, through Anglicare’s Foyer Oxford program for youths at risk of homelessness


Successfully negotiated an agreement with Google that delivers financial benefits over multiple years for 24 small publishers


The loads of washing completed by Orange Sky and Minderoo for victims of the 2022 floods in NSW and QLD

Feature Stories

Early Learning Campaign

We’re empowering parents, and their children, with the support and skills they need.

Ukraine Support

In a global humanitarian crisis Minderoo fed the hungry and protected the vulnerable.

Fremantle Biennale Drone Social Enterprise

By championing local creativity, we lit up the night skies with First Australian stories.

Global Estimates of Modern Slavery

Our Global Estimates of Modern Slavery index is informing the fight against slavery.

Global Fishing Index

We’re reversing fisheries decline with meaningful action and comprehensive data.


Minderoo’s next-generation tools are revolutionising how we conserve ocean life.

Woort Koorliny Indigenous Employment Index

Building the knowledge to create opportunities and careers for Indigenous workers.

Minderoo Children’s Comprehensive Cancer Centre

We’re reimagining the future of clinical care to make cancer non-lethal in all kids.

For all people and our planet

People Portfolio

Jason Ricketts

Director of People Portfolio

Our people portfolio is challenging impossible by tackling humanity’s biggest issues.

Connected, collaborative and creative communities

By funding artistic endeavour, we’re feeding imaginations and revolutionising arts and culture.

Fostering healthy communities

We’re thinking global but acting local to empower and connect vulnerable peoples by building communities.

Making cancer non-fatal

When we collaborate against cancer, we can overcome all barriers to cancer prevention, diagnosis and treatment.

Building a digital ecology that empowers people

We’re dismantling the power imbalance between big tech and a free, independent society, at the frontier of technology.

Unleashing the full potential of humanity

We’re breaking down structural barriers to push for gender equality and to unleash the potential of women and girls.

Creating employment parity with and for Indigenous Australians

Hand in hand on the path to true Indigenous employment parity in one generation.

Ensuring every child has a bright future

We’re empowering families to build a world where every child will thrive by five.

Ending modern slavery within our generation

We are an international group dedicated to ending this human rights abuse in all its forms and ensuring all people walk free.

Planet Portfolio

Tony Worby

Director of Planet Portfolio

If you want to solve the problems others fear, you’ve got to be ambitious…

Reducing harm caused by fire and flood

We’re building fire and flood resilience to reduce the harm of natural threats.

Returning the oceans to a flourishing state

Our technology will pioneer the protection of our oceans and marine ecosystems, ensuring flourishing oceans for our planet.

Eliminating the harmful effects of plastic

We must act now, to make plastic safe and sustainable or it will devastate our futures.

Achieving Impact

Impact Portfolio

Hayley Panetta

Director of Impact Portfolio

We continuously expand the impact potential of Minderoo Foundation.

& Planning

Strengthening frameworks and ideas to achieve our aspirations faster, and smarter.


Driving deeper understanding and optimising positive behaviour change.

Environmental, Social
& Governance

Modelling the sustainable and ethical practices we are asking of others.

& Evaluation

Ensuring we design and deliver impact guided by quality data and analytics, and robust research.


Standing proudly with partners big and small to face the world’s challenges.

Impact Fund

Supporting innovative businesses for the benefit of people and planet.


Bringing our expertise and values to the world and responding to those in need.

Our Board

Tony Grist


Measuring mountaintops, embedding empathy and leaving the world a better place.

The Minderoo Foundation family is truly grateful for the invaluable contribution and support of our Board of Directors.

Dr Andrew Forrest, AO PhD

Chairman and Co-Founder

As Founder and Executive Chairman, Dr Andrew Forrest has led Fortescue from inception to a top ten ASX listed natural resources company that has invested more than US$30 billion developing some of the world’s most efficient infrastructure.

Fortescue will become zero-emissions across its operations by 2030. Key to enabling that is Fortescue Future Industries (FFI). Established in 2020, FFI is a developer, financier, and operator of a global portfolio of renewable energy resources to produce green energy at a scale equal to the oil and gas super-majors. Fortescue has been globally recognised for its industry leading work to decarbonise and appointed to the UN Race to Zero Coalition and the US President’s First Movers Coalition.

Andrew has a PhD in Marine Ecology from The University of Western Australia, and serves as an IUCN Patron of Nature, a World Economic Forum Friend of Ocean Action, and a member of the United Nations Environment Program’s Scientific Advisory Committee on the Assessment on Marine Litter and Microplastics.

Andrew is Co-Chair of the Australia-China Senior Business Leaders’ Forum, Global Patron of the Centre for Humanitarian Dialogue, and served as a Councillor of the Global Citizen Commission charged by the United Nations in 2016 to modernise the 1948 Universal Declaration of Human Rights.

In 2017, Andrew was appointed an Officer of the Order of Australia (AO) for distinguished service to philanthropy, mining, employment, and sustainable foreign investment. To tackle the world’s environmental and social issues, we need to unlock private sector capital and entrepreneurialism as a force for good.

Nicola Forrest, AO BA

Co-Chair and Co-Founder

Nicola Forrest is motivated to better the lives of children and committed to giving a voice to vulnerable communities. She believes in empowering people to empower their worlds.

Since 2001, as Co-Founder and Co-Chair of Minderoo Foundation, Nicola has established and driven programs to create positive change for children, women and the arts. Nicola’s contribution has seen her recognised as an Officer of the Order of Australia (AO), and awarded the University of Canberra Chancellor’s Award for Philanthropy.

Under Nicola’s leadership, and in collaboration with partners in Australia and beyond, Minderoo Foundation has put an emphasis on data and research to identify and devise solutions to some of the world’s most intractable problems. Nicola has also led the selection of world-class scholars and Fellows, to study and reside in Western Australia within the Forrest Research Foundation, a hub for research innovation.

Nicola is Life Patron of the Black Swan State Theatre Company, ensuring the company’s sustainability via the establishment of its inaugural Future Fund. As patron of the Kimberley Foundation Australia, Impact 100 WA and Sculpture by the Sea initiatives, Nicola champions arts, culture and community.

Tony Grist, BCOM

Lead Independent Director

Tony Grist is the principal of Albion Capital Partners, a Perth-based venture capital, investment and consultancy firm that was founded in 1990. Tony was Co-Founder and Chair of Amcom Telecommunications, which in 2015 merged with Vocus Telecommunications Ltd to become an ASX 100 company.

Tony is a former director of iiNet, and a current director of the PLC Foundation and Fremantle Dockers Football Club. He has held broader directorships in Canada, the UK and Australia in the telecommunications, health, mining and energy sectors.

Tony holds a Bachelor of Commerce from The University of Western Australia, is an Associate of the Financial Services Institute of Australasia and a Fellow of the Australian Institute of Company Directors. Tony has been a member of the Minderoo Foundation board since 2014, taking on the role of Lead Independent Director after Herb Elliott retired.

Allan Myers, AC KC


Allan Myers is one of Australia’s most respected barristers, with broad practice as a barrister, arbitrator and mediator. Allan is also a highly regarded philanthropist and has supported many causes for over 45 years. He is Chancellor of The University of Melbourne and a Governor of the Ian Potter Cultural Trust and the Ian Potter Foundation.

For services to the community and the law, Allan was awarded a Centenary Medal in 2003, an Officer of the Order of Australia in 2007 and a Companion of the Order of Australia in 2016.

Grace Forrest, BA


Grace is Founding Director of Walk Free, an international human rights organisation. A passionate storyteller, she is the youngest ever United Nations Association of Australia Goodwill Ambassador. Grace is on the Centre for Humanitarian Dialogue board and a founding member for the Asia Gender Network.

In 2018, Grace was awarded Nomi Network’s Abolitionist award for her work to end modern slavery. Today she sits on the Board of Directors for The Freedom Fund, a leader in the global movement to end modern slavery. Grace Forrest was named the Young Western Australian of the Year in 2021.

Andrew Liveris, AO


Andrew is the former Chairman and Chief Executive Officer of The Dow Chemical Company and the former Executive Chairman of DowDuPont. He has over 42 years’ global leadership experience with the Dow Chemical Company across manufacturing, engineering, sales, marketing, and general business management.

Andrew is a director of IBM, Saudi Aramco, Worley and NOVONIX Limited and an advisor to the Kingdom of Saudi Arabia. He holds Australian government positions as a member of the Industry Growth Centres Advisory Committee and Co-Chair of the Territory Economic Reconstruction Commission and is the former Chair of the National COVID-19 Coordination Commission’s Manufacturing Taskforce.

Andrew co-founded and chairs The Hellenic to support economic renewal in Greece. He was appointed Officer of the Order of Australia in 2014 for services to international business.

Maria Myers, AC

Alternate Director

Maria Myers is Chair of the State Library of Victoria Foundation. She is a director of the State Library of Victoria, Dunkeld Pastoral Company and the Kimberley Foundation Australia. Maria is a member of Council at St Mary’s College at The University of Melbourne, The Nature Conservancy’s Advisory Council and a board member of the Museum of Australian Democracy.

A strong supporter and advocate of the Burnet Institute for medical research and the Australian String Quartet, Maria was awarded a Companion of the Order of Australia for advancement of the understanding of Indigenous rock art and service to the community through philanthropic leadership.

Barry McGuire


Barry is a proud Balladong Nyoongar man, and a descendant of the Whadjuk and Yued people.

A highly regarded entrepreneur and negotiator, Barry has worked as a consultant for local, state, and federal governments. In addition to his role as Chairman of Spear Group Holdings, Barry was recently appointed cultural advisor to the Indigenous Emerging Business Forum, an organisation designed to support Aboriginal-owned businesses in making the most of technology to grow business and opportunities.

Barry is a director of the Spear Foundation, a not-for-profit providing cultural understanding to service organisations within the Aboriginal community of the Perth metropolitan area.

Barry currently serves as a director of the Western Australian Planning Commission and an advisory board member of the Perth International Arts Festival and the Black Swan State Theatre Company of Western Australia. Barry was appointed to the Minderoo Foundation board in June 2022.


With thanks to our donors and supporters

Dr Michael Agrez

Chris Baker

The Bamford Charitable Foundation

Michael and Alison Burmeister

The Jock Clough Marine Foundation

Steven Arley Evans

Commonwealth Department of Education

Jan Westerink

Domino’s registered charity Give for Good

Grace and Emilio Foundation

Hintze Family Charitable Foundation

Thomas L. Pardey

United Crane Services Pty Ltd

Michael Urciuoli

Jill Horwood

Our values

Our values are core threads, each of equal importance, tightly woven together, ingrained in the fabric and character of our organisation and anyone who represents us.

At Minderoo Foundation…
It’s only impossible until it’s done.

We know…
Pride is who is right but humility is what is right.

We reckon…
Courage is showing up and not letting fear hold us back.

And that if we…
Attack problems with determination we will succeed.

So, when we’re generating ideas…
We know an idea that isn’t daunting isn’t an idea at all.

The secret of our success?
Going from failure to failure with enthusiasm.

At Minderoo…
Empowered people support the empowerment of others.

And our integrity…
Gives us freedom because there’s nothing to fear when there’s nothing to hide.

Talent hits the stretch targets no one else can hit and genius hits the stretch targets no one else sees.

We know…
that safety is how we put love into action.

And that…
By sowing frugality we reap the golden harvest of time.

How do we save the world?
We start by loving the planet and its people the way we love our family.

With these values…
We challenge impossible and we never, ever give up.

Media Credits

  • Chairman and Co-Chair
  • Video: Andrew and Nicola Forrest - Hayden Fortescue
  • Photo: Andrew and Nicola Forrest - Jessica Wyld
  • Photo: Aerial view of Forrest Hall - Hayden Fortescue
  • CEO
  • Video: John Hartman - Hayden Fortescue
  • Photo: John Hartman - Emma Dolzadelli
  • Photo: John Hartman - Emma Dolzadelli
  • Photo: The Swan - Emma Dolzadelli
  • Early Learning Campaign
  • Photo: Xabier Artola-Zubillaga via Getty Images
  • Photo: Boy concentrating - Benjamin Horgan
  • Photo: Boy in sunhat - Emma Dolzadelli
  • Photo: Girl colouring - Emma Dolzadelli
  • Photo: Woman holding baby - Benjamin Horgan
  • Ukraine Support
  • Photo: Ed Ram via Getty Images
  • Photo: Statue - Gleb Albovksy via Unsplash
  • Photo: Volodymyr Zelenskyy and Andrew Forrest - (unknown)
  • Photo: Wheat field - Polina Rytova via Unsplash
  • Photo: Brave Commander - Hugh Rutherford
  • Fremantle Biennale Drone Social Enterprise
  • Photo: Drones over water - (unknown)
  • Photo: Ilona McGuire - Duncan Wright
  • Photo: Person watching drones - Duncan Wright
  • Photo: Drones over Fremantle - Duncan Wright
  • Global Estimates of Modern Slavery
  • Photo: Nichole Sobecki / AFP via Getty Images
  • Photo: Workers unloading coal - Kazi Salahuddin Razu / NurPhoto via Getty Images
  • Photo: GEMS report - Minderoo Foundation, UN
  • Photo: Man weeding field - Louisa Gouliamaki via Getty Images
  • Photo: Girl doing makeup - Allison Joyce via Getty Images
  • Photo: Man mining coal - Emmanuel Croset via Getty Images
  • Global Fishing Index
  • Photo on cover: Ulet Ifansasti via Getty Images
  • Photo: Fishing vessel - Antonio Busiello
  • Photo: Global Fishing Index - Minderoo Foundation
  • Photo: Fishing net - Timothy Allen via Getty Images
  • Photo: Measuring fish - Augusto Famulari via Getty Images
  • OceanOmics
  • Photo: Travel_Motion via Getty Images
  • Photo: Whale - Michael Haluwana
  • Photo: Researchers in lab - Angela Heley
  • Photo: Researchers on boat - Minderoo Foundation OceanOmics Centre
  • Photo: Measuring coral - Rainer von Brandis via Getty Images
  • Woort Koorliny Indigenous Employment Index
  • Photo on cover: Thurtell via Getty Images
  • Photo: Hands holding sand - Holger Leue via Getty Images
  • Photo: IEI cover - Minderoo Foundation
  • Photo: Generation One team - Emma Dolzadelli
  • Photo: Colleagues at computer - Thurtell via Getty Images
  • Photo: Woman in cap - SolStock via Getty Images
  • Minderoo Children’s Comprehensive Cancer Centre
  • Photo: (unknown)
  • Photo: Building exterior from above - (unknown)
  • Photo: People with shovels - Jason Kirk
  • Photo: Building exterior from below - Billard Leece Partnership
  • Photo: Andrew Forrest talking to patient - Jason Kirk
  • Photo: Building entrance - Billard Leece Partnership
  • People Portfolio
  • Video: Jason Ricketts - Hayden Fortescue
  • Connected, Collaborative and Creative Communities
  • Photo: Child at beach - First Born
  • Photo: Actors on stage - (unknown)
  • Photo: Seaweed sculpture - Miles Noel
  • Photo: Fruit sculptures - Emma Dolzadelli
  • Photo: 'Warrior Spirit' painting - Stacey Evangelou for the Lester Prize
  • Photo: Projections on building - (unknown)
  • Photo: Actors on stage - (unknown)
  • Photo: Projections on building - Miles Noel
  • Photo: Artist Fund recipients with Nicola Forrest - Emma Dolzadelli
  • Photo: Fruit sculpture - Emma Dolzadelli
  • Photo: Blueback filming - Blueback
  • Photo: Blueback filming - Blueback
  • Fostering Healthy Communities
  • Photo: Group of young people - Matt Galligan
  • Photo: St Pat's shop window - (unknown)
  • Photo: Fitzroy mural - Benjamin Horgan
  • Photo: Carved rock - Benjamin Horgan
  • Photo: Purple flowers - Benjamin Horgan
  • Photo: Supermarket trolley - Benjamin Horgan
  • Photo: Young people talking - Foyer Oxford
  • Photo: Children painting - Cahoots
  • Photo: St Pat’s shop window - Benjamin Horgan
  • Photo: Group of people in shop - Benjamin Horgan
  • Making Cancer Non-Fatal
  • Photo: Woman and child - FatCamera via Getty Images
  • Photo: Man holding test tube - (unknown)
  • Photo: Petri dish - (unknown)
  • Photo: Man pipetting sample - (unknown)
  • Photo: Children's Emergency Department - Billard Leece Partnership
  • Photo: Man undergoing a scan - (unknown)
  • Photo: Woman using lab equipment - (unknown)
  • Photo: People with certificates - (unknown)
  • Photo: Children playing - Fair Game
  • Building a Digital Ecology that Empowers People
  • Photo: Contemporary art exhibition - Osman Orsal via Getty Images
  • Photo: Person holding phone - Oatawa via Getty Images
  • Photo: Woman with projections on her face - ThisIsEngineering via Pexels
  • Photo: Contemporary art exhibition - Mehmet Murat Onel / Anadolu Agency via Getty Images
  • Photo: People having a meeting - Supplied (unknown)
  • Photo: Child playing with VR headset - David Mareuil via Getty Images
  • Unleashing the Full Potential of Humanity
  • Photo: The future is equal - Wiktor Szymanowicz via Getty Images
  • Photo: White sculptures - Benjamin Horgan
  • Photo: Woman in front of building - Benjamin Horgan
  • Photo: Group photo with Nicola Forrest - Phillip Castleton via Women’s Weekly
  • Photo: Julie Bishop - Benjamin Horgan
  • Creating Employment Parity with and for Indigenous Australians
  • Photo: Aboriginal Elder speaking - Emma Dolzadelli
  • Photo: Boomerang - Kamada Kaori via Getty Images
  • Photo: Report - Emma Dolzadelli
  • Photo: Barry McGuire - Tiffany Garvie
  • Photo: Hand shadow on rock - Grant Faint via Getty Images
  • Photo: Dream Venture Masterclass group photo - Wade Institute of Entrepreneurship
  • Photo: Shelley Cable - Wade Institute of Entrepreneurship
  • Photo: Barry McGuire and award winner - Wade Institute of Entrepreneurship
  • Ensuring Every Child has a Bright Future
  • Photo: Child with toy - Benjamin Horgan
  • Photo: Child playing on mat - Emma Dolzadelli
  • Photo: Child playing with playdough - Emma Dolzadelli
  • Photo: Child with tiara - Benjamin Horgan
  • Photo: Child doing arts and crafts - Emma Dolzadelli
  • Photo: Child playing with toy animals - Benjamin Horgan
  • Photo: Molly’s TED Talk - FINCH
  • Ending Modern Slavery Within our Generation
  • Photo: Grain - Joseph Eid / AFP via Getty Images
  • Photo: Women protesting - Ahmed Salahuddin via Getty Images
  • Photo: People walking - Peter Parks / AFP via Getty images
  • Photo: Woman working at brick kiln - Grace Forrest
  • Photo: Clothing factory - Eyerusalem Jirenga / AFP via Getty Images
  • Photo: Faith For Freedom speech - (unknown)
  • Photo: Woman holding candle - Brianna Soukup via Getty Images
  • Planet Portfolio
  • Video: Tony Worby - Hayden Fortescue
  • Reducing Harm Caused by Fire and Flood
  • Photo: Charred forest - Michael Hall via Getty Images
  • Photo: Flooded road - Bai Xuefei / Xinhua via Getty Images
  • Photo: Firefighter surveying bushfire - David Gray / Stringer via Getty Images
  • Photo: Burnt tree bark - Andrew Merry via Getty Images
  • Photo: Flooded town - Airphoto Australia via Getty Images
  • Photo: Recovery pod - (unknown)
  • Photo: Resilient Communities Framework - Daniel Carson
  • Photo: Volunteers walking - Daniel Carson
  • Photo: Volunteers clearing brush - Daniel Carson
  • Photo: Temporary housing - FINCH
  • Returning the Oceans to a Flourishing State
  • Photo: Diver and buoy - Blue Media
  • Photo: Marine Research vessel - Blue Media
  • Photo: Global Fishing Index - Minderoo Foundation
  • Photo: Mending the Net - Minderoo Foundation
  • Photos x3: Researchers with coral - Blue Media
  • Photo: Researcher in on-board lab - Katrina West
  • Photo: Researchers using equipment - Minderoo Foundation OceanOmics Centre
  • Photo: Alan Jamieson - Hayden Fortescue
  • Photo: Deep-Sea Research Centre - Benjamin Horgan
  • Photo: Andrew Forrest, Amit Chakma, Tony Worby, Alan Jamieson - Benjamin Horgan
  • Eliminating the Harmful Effects of Plastic
  • Photo: Turtle swimming near plastic gloves - Damocean via Getty Images
  • Photo: Plastic pellets - Sebastien Salom-Gomis via Getty Images
  • Photo: Plastic bottles - George Frey via Getty Images
  • Photo: Plastic rubbish - Wachiwit via Getty Images
  • Photo: Plastic bottle in the sea - Philip Thurston via Getty Images
  • Photo: Microplastics - pcess609 via Getty Images
  • Photo: University of Queensland researchers - The University of Queensland
  • Photo: Global Plastics Watch on mobile phone - Global Plastics Watch
  • Achieving Impact
  • Video: Hayley Panetta - Hayden Fortescue
  • Photo: Waterfall - Michael Haluwana
  • Photo: Colleagues at computer - Jessica Wyld
  • Our Board
  • Video: Tony Grist - Hayden Fortescue
  • Photo: Andrew Forrest - (unknown)
  • Photo: Nicola Forrest - Jessica Wyld
  • Photo: Tony Grist - Emma Dolzadelli
  • Photo: Allan Myers - (unknown)
  • Photo: Grace Forrest - (unknown)
  • Photo: Andrew Liveris - (unknown)
  • Photo: Maria Myers - (unknown)
  • Photo: Barry McGuire - Emma Dolzadelli