Welcome to the first edition of The Boyce Insider for 2025. Although this is our first edition of the year, we have already hit the ground running, supporting both our clients and communities.
2025 is bringing us new opportunities in how we operate our businesses. With the introduction of mandatory climate-related disclosure reporting in Australia for some businesses, Boyce now has a dedicated sustainability team to support you on your sustainability journey. We have recently released an emission baseline report to help you understand your carbon footprint and how upcoming Australian legislation changes will impact you and your business.
The Australian government is backing sustainable practices now more than ever with Australian farmers now having access to a new $300 million ‘Emissions Reduction Incentive' product designed to help reduce on-farm emissions while also cutting operational costs. Announced by the Clean Energy Finance Corporation (CEFC) in February, this program offers discounted loans with interest rate reductions of up to 1.15% for farmers, agribusinesses, and equipment purchasers who invest in sustainable, low-emission technologies. Please visit our website for more information on this discounted loan initiative.
Another important focus for us this year is Artificial Intelligence (AI). We are on the brink of a digital revolution, with AI becoming increasingly integrated into our daily lives. Large corporations are now using AI more than ever, from recognising bananas on the scales at Woolworths self-serve checkouts to predicting annual rainfall cycles in rural NSW. AI is revolutionising the way we live and how we conduct business. At Boyce, we are looking at ways that we can incorporate AI to streamline our services, giving us the opportunity to improve the care we deliver our clients. Our Head of Digital Improvement, Liam Smith, has compiled key tips on how to introduce AI into your workday and how small steps can streamline your business planning and operations.
I am proud to announce that we have recently celebrated four significant milestones within our team. Stacey Hart, Linda Mackellar, and Jono Hart have all celebrated over 20 years of commitment to our firm. I would also like to thank Cathrine Reeves who is this edition's Boyce Hero. Cathrine will be celebrating 45 years with Boyce this month. Stacey, Linda, Jono and Cathrine’s dedication to our clients, team, and community is commendable. I am honoured to have had the opportunity to work alongside them at Boyce.
Please enjoy this edition of The Boyce Insider and thank you for your continued support of Boyce and our local communities.
With the introduction of mandatory climate-related disclosure reporting in Australia, many businesses are now required to report on climate and sustainability related risks, opportunities and impacts that may have previously been overlooked.
A crucial component of this requirement is the production of an annual greenhouse gas (GHG) emissions inventory for your business. Establishing a GHG emissions baseline is crucial for benchmarking and evaluating the effectiveness of emission reduction strategies. This baseline represents the amount of GHG emissions produced by a business before implementing any reduction efforts.
To help you understand your starting point, we have launched 'Understanding your carbon footprint: Establishing your emissions baseline for a sustainable future'. This report has been written by our sustainability expert Tim Donovan (Executive Business Unit Leader – Sustainability). It identifies what greenhouse gas (GHG) emissions are and how calculating a GHG baseline will help you and your business.
The process for calculating your GHG emissions doesn’t need to be intimidating. Contact Tim and the team today to discuss how we can help you stay ahead of the market and enhance the value of your assets, both now and in the future.
With the rising popularity of Artificial Intelligence (AI), it's easy to get lost in the noise and miss out on quick and easy wins that GPT (Generative Pre-trained Transformer) based AI can provide. The good news is that AI is here to help you get things done—not replace people. Whether you need a first draft email, predict a business measure, generating an idea, finding a recipe, or quickly learning about a complex topic or idea, AI can help you find information fast!
Our Head of Digital Improvement, Liam Smith, put together a basic roadmap on how to get started with AI, simply stated.
We have been busy celebrating some of our wonderful team members and recognising them for their continued commitment to Boyce and the genuine care they have for our clients and communities.
"We are better together! No opportunity is too big or issue too hard when it is shared with the Boyce team. Our collective approach enables great supportive outcomes."
"Surrounding yourself with a great team and maintaining a growth mindset are key. Turning challenges into opportunities has been crucial in my journey."
“Believe in yourself, craft your own narrative, surround yourself with positive individuals and strong mentors who support you. Open your mindset to growth and change, pivot and adapt when necessary and most of all enjoy your journey”
Cathrine Reeves, one of the firm’s longest-serving employees, has recently shared her remarkable journey and insights into why Boyce has been such a special place to work for over four decades. After initially joining Boyce as a receptionist and now plays a key role in Financial Advisor Support, a progression that speaks to the development opportunities Boyce provides.
When asked what has kept her with Boyce, she highlighted the supportive culture is what sets the firm apart. “The work life balance and flexibility " has been invaluable, she noted, as well as the Boyce’s commitment to personal wellbeing, which remains always front of mind.
Reflecting on her early days at Boyce, Cathrine paints a vivid picture of a simpler time, where technology was limited: “When I started, there was only one computer in the attic, and we had to use carbon paper to make multiple copies of tax returns.” The team worked from printed calculators and electric typewriters, and pay was given weekly in cash envelopes. Despite these humble beginnings, she’s seen Boyce grow into a dynamic, innovative company that fully embraces new technology.
Cathrine has many fond memories of Boyce's people-centered culture, recalling legendary June 30th parties and the camaraderie that made her feel more like she was part of a family than simply an employee. She also cherishes having worked alongside Boyce's Founder Mick Boyce, whose vision shaped the supportive, collaborative environment that Boyce is known for today.
The opportunity to grow has been central to her experience. From formal study opportunities to secondments in other offices, Boyce has encouraged her to expand her knowledge and skills over the years. “Everyone shares their knowledge willingly,” she says, appreciating the ‘one-team spirit’ that connects Boyce employees across regional Australia. For Cathrine, Boyce has become more than a workplace; it is truly a community, where employees are valued, supported, and empowered to grow.
We thank Cathrine for her hard work and commitment to Boyce over the years. Cathrine represents what a true Boyce Hero really is.
We know the market has seen significant changes of the last few weeks. We are continuing to watch this space and are here to support you.
February was a challenging month for the Australian equity market - returning -3.8% dragged down by growth and cyclical sectors while defensives did well.
The S&P 500 Index (USD) also finished the month lower returning -1.3%. The Japanese market (Nikkei 225 Index (JPY)) was one of the weakest markets globally with a return of -6.1%. The Chinese markets were a bright spot, as was some of the European region.
Click below to read this month's Market update:
If you are interested in viewing previous months updates, you can find all Boyce Economic updates here.
