Mental Wealth

Investing in our nation's greatest asset: people.

Why mental wealth matters

Australia’s greatest asset is not in the ground – it’s inside the heads of our people.

But how well do we look after our ‘mental wealth’?

Rates of depression, anxiety, suicide and self-harm in Australian workplaces continue to rise at an alarming pace. Almost half of us will experience a mental health condition at some point.

Despite our best efforts, Australia’s under-funded and fragmented health system is not coping. We spend over $28 billion each year on mental health, yet more than half of the people that need help don’t get it.

The status quo is no longer a viable option. If we want to protect our prosperity and our well-being, we need to be bold and innovative. We need to focus on building Australia’s mental wealth.

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“Australia could lead the world in 21st-century digital approaches to mental wealth. But this will only happen if industry, academia and government collaborate more effectively.”

Kristin Stubbins
Assurance Innovation & Disruption Lead, PwC


PwC’s Mental Wealth program

Driven by our purpose to build trust in society and solve important problems, PwC is committed to helping grow Australia’s mental wealth.

Starting conversations

Mental health and fitness are important issues for all of us. Even though we’ve come a long way, there’s still a stigma attached to talking about these topics. PwC believe that Australians are on a journey towards greater awareness of mental health and the impact it has on us. We all need to share our stories, voice our ideas and discuss ways that together we can grow our nation’s mental wealth.

Join the conversation

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Investing in new technologies

Technology is revolutionising the way people manage mental illness and build mental fitness. In partnership with the University of Sydney, PwC has invested in a new venture, InnoWell Pty Ltd, which is developing transformative technology to help people and clinicians in the management of mental health and fitness.

Find out more about Innowell

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Finding solutions

Drawing on our deep expertise in strategy and consulting, PwC is helping businesses, schools and universities build mental wealth. By focusing on solutions that improve mental fitness, organisations and institutions can increase retention and engagement, grow productivity and prepare their people for the challenges of the future.

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Walking the talk

PwC actively supports a mental fitness and wellness agenda for its people. Like many other organisations, we know there’s always room for improvement, so we’re committed to keep raising the bar. Currently, we are focusing on improving our level of conversation and awareness on mental health issues. We are committed to sharing our approach, and our learnings, along the way.

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“Investing in mental wealth is not only good for society, it’s good for business. Australian companies can reap $2.30 for every $1 spent on workplace mental health strategies.”

PwC and Beyond Blue, 2014.

Innowell: A new way to build mental fitness.

Innowell is a new venture between the University of Sydney and PwC.

Based on 21st-century digital technologies, Innowell brings together world-class research, expert professional advice, and insights from those with a lived mental health experience.

Innowell enables people to manage their mental health and fitness goals, and provides fast access to professional support when required. It represents an innovative new way to build mental fitness by putting people in control of their well-being journey.

Technology like that being developed by Innowell offers significant opportunities to disrupt and improve the way mental health services are delivered – both in Australia and globally.

Visit Innowell

 

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Contact us

Kristin Stubbins
Partner, Assurance Innovation & Disruption Lead, PwC Australia
Tel: +61 2 8266 2208
Email

Louise Halliwell
COO, Innowell Pty Limited, PwC Australia
Tel: +61 3 8603 2052
Email

Natalie Abdel-Sayed
Mental Wealth Program Director, PwC Australia
Tel: +61 (2) 8266 7519
Email

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