The Commission on the Reform of Ontario's Public Services, also known as the Drummond Report, has landed at Queen’s Park with a considerable thud, and not only because it is 6 cm thick. The report calls for significant cuts and changes to the Ontario government as we know it.
Particularly relevant to social finance, the Report recommends that the Ontario government implement social impact bonds.
Social impact bonds and pay for success financing are generating a great deal of interest around the globe, and the US and Australia have been at the centre of much of it since the turn of the new year, as this post describes. In this short clip, Les Hems, Director of Research at the Centre for Social Impact in Australia, provides an overview of what's happening Down Under.
The 2012 World Economic Forum Annual Meeting kicked off today with a markedly sombre tone. Economic imbalances and rising inequality threaten to reverse the gains of globalization, according to the WEF report Global Risks 2012, released earlier this month, while the past year's global economic turmoil, spiraling debt crisis and social upheaval are surely weighing heavily on the minds and agendas of global leaders gathering in Davos.
The theme for this year's meeting is, appropriately, "The Great Transformation: Shaping New Models." There is a recognition that our current system for economic and global governance is broken, and systemic change is required.
One short year ago, the Task Force on Social Finance released its report, Mobilizing Private Capital for Public Good [PDF]. It was time to more formally embrace the growing impact investment movement as a viable and necessary economic activity for Canada.
Tonight we will reflect on recent developments in social finance relevant to the recommendations of the Task Force. We will also hear from Antony Bugg-Levine, recognized thought leader and CEO of the US-based Nonprofit Finance Fund, about opportunities to propel impact investing to greater heights. Tomorrow, we get our hands dirty at the Social Finance Forum: Investing in Good Deals Conference.
This blog series examines the potential of social procurement and social purchasing as a source of funding for social enterprises. The first post explained the concept and introduced two potential ways to encourage it.
While socially conscious consumption has been steadily growing in popularity over the past few years, social procurement offers a new set of opportunities - especially when the public sector gets involved.
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Your Guide helps social entrepreneurs learn how to attract financing for their social ventures.
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Your Guide to Social Finance
SocialFinance.ca hosts an online guide that helps social entrepreneurs learn how to attract financing for their social ventures.
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