The MaRS Centre for Impact Investing is proud to announce the 2015 Fall Cohort for the Impact8 Program. Initially launched in 2013, Impact8 helps to close the gap between growth-stage impact based ventures and investors interested in opportunities to fund business with a social benefit. By providing mentorship and targeted workshops, Impact8 increases the pipeline of […]Read More ›
Social Finance Round Up: Savings-Based Microfinance is an Effective Option
SocialFinance.ca produces a weekly round up featuring social finance related news, insights, job openings, and events. We source the content for these round ups from Twitter, an RSS reader, and directly from our community of social finance practitioners. Below is our round up for the week of July 11, 2011.
Last Week on SocialFinance.ca
Adam Spence posted Job Posting: Manager, B Corporation and Social Impact Metrics, SiG @ MaRS on July 05, 2011
Nabeel Ahmed posted Video: Measuring Social Impact, CECP Panel Discussion on July 08, 2011
Canadian and International News
A new report by CARE International (From Pennies to Progress, PDF) advocates the use of savings-based microfinance as an effective and sustainable way of reaching the poor. (Microfinance Focus)
One of the UK’s leading renewable energy companies, Triodos, has launched a share issue, aiming to raise up to £15m to invest in new onshore wind projects. (BusinessGreen)
As pension funds grow increasingly wary of exposure to risk, interest in alternative investment opportunities grows, says a new report. (Alternative Asset Analysis).
Eric Wieffering heartily endorses the Dalberg report advocating for a long-term single bottom line and criticizes corporate social responsibility as being a marketing catch-all that is often used vaguely and out of context. (Star Tribune)
Ten leading multinational companies are supporting the development of the next generation of the world’s most comprehensive sustainability guidelines, G4. The Guidelines are published by the Global Reporting Initiative. (Press Release)
Social Finance Learning and Best Practices
Rob Katz interviews Amit Bouri, Director of Strategy and Development at the Global Impact Investing Network (GIIN) on impact investing’s role in social enterprise, today and tomorrow. (NextBillion)
Miguel Granier clarifies that impact investing isn’t as dangerous as it seems to be. (NextBillion)
Christopher Cuellar interviews Tom London, on venture development and market creation in bottom of the pyramid (BoP) markets. (Rising Pyramid)
Dr. Ajaz Ahmed Khan describes LendWithCare’s responsible lending practices, showing how the organization adheres to ethical standards while expanding microfinance. (Business Fights Poverty)
Judith Sameulson praises the long-term single bottom line concept for simplifying the rhetoric around multiple bottom lines and distinguishing between philanthropy and profit. (Huffington Post)
Erin L describes how community investment professionals answer the return-on-investment (ROI) question. (LBG Canada)
The 2011 Wharton Private Equity and Venture Capital Conference found opportunities for sustainable investing in Latin America and a growing cleantech sector in India. (Download the Wharton Private Equity Review here for context, PDF) (Knowledge @ Wharton)
Karl Ritcher explores whether social investing should be treated as retail or investment banking in anticipation of UK High Street banks being separated according to retail or casino activities. (Personal blog)
Peter Davis argues that while companies are not social-development organizations, there is a need to better harness the dynamism of companies and the market for development. (The Guardian)
As social impact bonds gain momentum in Massaachussetts, Pippin Ross covers the development of these newly popular instruments in the American context. (CommonWealth Magazine)
Sarah Flood profiles social impact bonds, highlighting key benefits and addressing common concerns. (Public Finance)
Matthew Bishop, author of the Road from Ruin: How to Renew Capitalism and Put America Back on Top (with Michael Green) gets interviewed in QFinance about the financial crash and the role of policy and financial literacy in a country’s economics fortunes.
Elllis Carter alerts us to new legal structures coming into play for socially responsible businesses, such as the flexible-purpose corporation.
Stephen Lloyd of Bates Wells & Braithwate explains the social enterprise LLP: a simple to use, cheap legal structure that combines charitable, government and private sector funding under one umbrella so as to achieve social goals as well as paying financial returns in a tax efficient structure.
How do NGOs work with the private sector, wonders Duncan Green, author of From Poverty to Power.
Jack Springman argues that the window of opportunity for creating last change is running out, and that capitalism will ultimately be reinvented by the practices of business leaders.
Pavan Sukhdev says that capitalism is actually three dimensional, and reimagines how Adam Smith would analyze the world today: “An inquiry into the nature and causes of the three dimensional wealth of nations”.
Fredrik Andersson seeks to problematize and liberate social entrepreneurship from some of its theatrical properties, calling out the dangers of fetishizing this new approach.
Agora Partnerships Impact Investor Retreat 2011
July 12-15, 2011, Granada, Nicaragua
Workshop: Call for Participation:”Socially Responsible Investment and Canadian Extractive Industries”
September 10-11, 2011, University of British Columbia (UBC)
Impact Investing Summit
September 20-21, Washington D.C.
Social Innovation Generation (SiG) at @ MaRS is looking for a Manager, B Corporation and Social Impact Metrics to manage B Corporation business development and impact metrics activities at Social Innovation Generation (SiG) at MaRS
Calvert Foundation is looking for a Giving Fund Associate who seeks to use her/his education and experience to support the impact investment platform teams at Calvert Foundation and the separate but affiliated organization, ImpactAssets.
Did we miss any news, insights, or events? Use the comment form below to add to this round up. Photo credit: http://www.flickr.com/photos/benimoto/603815615/