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Riding for research MACA’s Culture of Giving

Securing the naming rights each year to Australia’s largest charity bike ride would tick the corporate social responsibility box for most businesses. Your company name gets to be linked with a worthwhile charity, it’s good for the brand and for reputation – duty done. 

But for mining services contractor, MACA Pty Ltd securing the naming rights to the MACA Cancer 200 two-day ride event held in October is only the beginning of the organisation’s commitment. 2018 was a watershed year for this event and its beneficiary, the Harry Perkins Institute of Medical Research. The Perkins decided to take the event in-house. This meant a change of name, an assemblage of team and, most importantly, the continuation of MACA’s support as title sponsor. MACA did not disappoint. 

Funds raised from the Ride support WA cancer research at the Perkins. With 50,000 men and women likely to die from cancer this year, the MACA Board and Executive know that only medical research will improve that figure. 

In seven years, MACA has raised over $7.2 million for the Ride. More than 1500 riders have ridden under the MACA banner. MACA’s contribution has directly funded groundbreaking research in melanoma, liver cancer and other hard-to-treat cancers. 

MACA has lost several staff to cancer and has offered support to staff going through treatment and to families who’ve suffered loss. 

MACA once flew a young employee to Perth, a cancer survivor working on a mine site in Brazil, to participate in the Ride that he’d raised funds for. MACA says that supporting cancer research has made them a better business and better people. 

Participate, give back to the community, fundraise to help a good cause; those are the edicts staff at MACA operate under. And not just staff. Suppliers, contractors and business partners are also encouraged to support the MACA Cancer 200. Whether it’s supplying raffle prizes, donating to fundraising events or getting on their bikes to ride, the MACA message is clear; if you do business with us, you support the Ride. 

By instilling a culture of giving in their workplace and corporate relationships, the company has changed the way they do business. And it has helped them prosper. They know staff want a sense of purpose in addition to work. The Ride has helped staff become more engaged. Business partners and customers want to be aligned to a company with good values, one that is involved in the community. 

MACA now uses their support for cancer research as part of their business brand not for branding opportunities nor to be seen as socially responsible but because, as MD Geoff Baker says, “it’s the right thing to do.” 

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MACA (MLD)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Top 10 Shareholders

Substantial shareholders as published in the annual report.
Source: Morningstar

Total Shareholder Return as at 31/10/19

1 year TSR5 year TSR
72ndAustralian Finance Group106%
238thNRW Holdings23%25%
277thDecmil16%-10%
434thMacmahon Holdings-6%18%
506thMACA-17%1%
730 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

27/02/19
$10k Bought
07/02/19
$0 Bought
07/02/19
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

7th↑Macmahon Holdings$1,114.8m
8th↑NRW Holdings$1,083.2m
9th↑MACA$690.7m
10th↑Decmil$663.3m
11th↓Australian Finance Group$608.0m
197 listed industrial companies ranked by revenue.
Source: Morningstar

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Special Report

Great for the State – Edition 8: Generosity & Giving

Great for the State – Edition 8: Generosity & Giving

22 October 2019

The 8th monthly edition of Business News' Great for the State has a focus on philanthropy. We profile some of the people and organisations who have made a big difference in Western Australia, and those set to have a large impact in future. These include:

Museum foundation sets big targets

Museum foundation sets big targets 

Helping to establish a $35 million endowment fund for the WA Museum is the latest step in Jenny Allen’s philanthropic journey.

Perron foundation set up for long-term future

Perron foundation set up for long-term future 

Elizabeth Perron has been given the daunting task of continuing her late father’s philanthropic legacy. She spoke to Business News about how she is tackling this task.

Aikins brings gift for generating giving

Aikins brings gift for generating giving 

Fundraising is a mechanical process and 90 per cent of the work is research, according to an international expert visiting Perth next week.

From shale gas to philanthropy

From shale gas to philanthropy 

Business colleagues Jonathan Stewart and Graham Dowland have found two very different ways to make a philanthropic impact.

Charitable giving increases employee engagement

Charitable giving increases employee engagement 

The distinctive benefits from corporate giving are clear for companies and employees alike and Macmahon is investing in initiatives that add tangible value not only to our employees, but also to families and the communities in which we operate.

Riding for research MACA’s Culture of Giving

Riding for research MACA’s Culture of Giving 

Securing the naming rights each year to Australia’s largest charity bike ride would tick the corporate social responsibility box for most businesses. Your company name gets to be linked with a worthwhile charity, it’s good for the brand and for reputation – duty done. 

Preventing unnecessary road trauma starts with educating our future drivers

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Our partnership with the RAC Rescue Helicopters[1], which have now flown more than 7,000 life-saving missions, is a key part of RAC’s commitment to supporting road safety in WA. RAC Rescue serves a critical role within our State’s emergency response network.

A special jersey and commitment to mental health

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Every morning, in almost every Perth suburb, you will find a group of dedicated cyclists plying their trade.  While conversations may vary from weather to watts or coffee to cranks, there is always somebody in the peloton wearing a special jersey.

Helping students become caring, connected and socially engaged

Helping students become caring, connected and socially engaged 

The McCusker Centre for Citizenship (the Centre) at The University of Western Australia is unique. It was established in 2015 to foster caring, connected and socially engaged citizens in actively contributing to the wellbeing of their communities.