Final Report of the Canadian Task Force on Social Finance
For more information, please visit the Social Finance website.
The findings of the Task Force on Social Finance were communicated with the public on November 30, 2010. The report is just the beginning of a new stage for social finance in Canada. It is anticipated that following the release of the report, there will be a number of informational and strategic workshops and working groups formed to facilitate cross-sectoral discussion and implementation of the recommendations.
At the November 30th launch event, Task Force members outlined the opportunities where financial institutions, foundations and government can participate in building a market for impact investing in Canada. Attendees were introduced to current examples of social finance at work from the perspective of Canadian social entrepreneurs and the Rockefeller Foundation's initiative on Impact Investing.
To download the full report, please visit the Social Finance website.
About the Canadian Task Force on Social Finance
A Task Force on Social Finance (TFSF) has been assembled by Social Innovation Generation, a national project partnered with the MaRS Discovery District in Toronto, seeking to fundamentally alter the way we think about investing and philanthropy in Canada. This group will examine the considerable work done to date and prioritize the key levers for change.
The TFSF’s mandate is to deliver recommendations that will ignite the development of an investment marketplace dedicated to addressing Canada’s social and environmental challenges.
The group will recommend that federal and provincial governments, foundations, and institutional investors take actions to:
* Unleash new source of capital;
* Develop needed support infrastructure, intermediaries and policy; and
* Build the pipeline of entrepreneurial ventures with social and/or environmental impact.
The recommendations will aim to benefit non-profits, charities, co-operatives and for-profits that achieve their primary social or environmental mission using business methods.
The TFSF has set out to play a catalytic role in accelerating and raising awareness around social finance in Canada.
For more information, including a background and member biographies, please visit the Social Finance website.
What is Social Finance?
Social Finance is an approach to managing money that delivers social and/or environmental benefits, and in most cases, a financial return. Social finance encourages positive social or environmental solutions at a scale that neither purely philanthropic supports nor traditional investment can reach.