Public Policy

Social Finance Round Up: Canadian Task Force on Social Finance Noted in Federal Budget

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 March 28, 2011.

Share:  
  • Facebook
  • Twitter
  • FriendFeed
  • Digg
  • Tumblr
  • StumbleUpon
  • Del.icio.us

Social Finance Round Up: Social Impact Bonds - A Revolution in Government Funding

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 March 21, 2011.

Share:  
  • Facebook
  • Twitter
  • FriendFeed
  • Digg
  • Tumblr
  • StumbleUpon
  • Del.icio.us

Momentum Gains for the Canadian Task Force on Social Finance

“Companies must take the lead in bringing business and society back together. The solution lies in the principle of shared value, which involves creating economic value in a way that also creates value for society by addressing its needs and challenges. We believe that it can give rise to the next major transformation of business thinking.” (in “The Big Idea” by Michael Porter and Mark R. Kramer, Harvard Business Review, January-February, 2011)

Creating sustainable value is our 21st century challenge. That is the message from well-known Harvard business strategist, Michael Porter. The Canadian Task Force on Social Finance focused on accelerating shared value creation when we launched our report, “Mobilizing Private Capital for Public Good” at the end of 2010.  MaRS Discovery District welcomed over 400 people at the release of the report, where they also heard endorsements of the Task Force recommendations from global impact investing leaders, and support for the pioneering work of the community in Canada.

Share:  
  • Facebook
  • Twitter
  • FriendFeed
  • Digg
  • Tumblr
  • StumbleUpon
  • Del.icio.us

A Response to Those Who Critique Social Impact Bonds

A few days ago I came across a post entitled "The Hidden Reality Behind Social Impact Bonds".  As I've mentioned several times, I believe the Social Impact Bond Model has true potential for progressing social finance in Canada.  The author of this article, however, has taken an extreme opposite stance, and I couldn't disagree more with his opinion.

If you aren't familiar with what a Social Impact Bond is, I suggest you read my explanation on a past post, "Social Impact Bond Model: 7 Easy Steps" before continuing. It's a short but comprehensive read, I promise.

Share:  
  • Facebook
  • Twitter
  • FriendFeed
  • Digg
  • Tumblr
  • StumbleUpon
  • Del.icio.us

Social Finance in the UK: Cutting Edge, Bleeding Edge

In business there is belief in “first mover advantage”, when a company gains an advantage over competitors by being first to the market with a new product or service.
 
In the social finance realm, Canadian practitioners have benefited from following UK’s social investment and social finance ecosystem, which is strongly supported by the government. The UK was able to pioneer and act as a role model for many new ideas and approaches that outsiders could learn from, emulate, or adapt. These include The Charity Bank, Bridges Ventures, ClearlySo, The Social Investment Task Force, The Commission on Unclaimed Assets, The Young Foundation’s and Social Finance UK’s social impact bond work, and more.

Share:  
  • Facebook
  • Twitter
  • FriendFeed
  • Digg
  • Tumblr
  • StumbleUpon
  • Del.icio.us

Newer PostsNewer Posts   Older PostsOlder Posts