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Impact Investing/Social Finance
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Partners:

Canadian Community Investment Network Co-op

Causeway

Community Foundation of Ottawa

Ottawa Community Loan Fund

Philanthropic Foundations Canada

Social Asset Measurements

Socialfinance.ca

United Way of Ottawa

Networks:

Canadian Social Economy Hub

Centre for Social Innovation (Toronto)

Changemakers

Global Impact Investing Network (GIIN)

More for Mission

Social Innovation Generation

Southern Ontario Social Economy Node Centre for Social Economy, OISE

Enterprising Non-Profits, B.C.

VanCity Credit Union

Tides Canada

New publication: Solutions for Impact Investors: From Strategy to Implementation

Coming soon from
University of Toronto Press
Understanding the Social Economy, by Jack Quarter, Laurie Mook, and Ann Armstrong

Click here for more...

New! CIVIL SOCIETY, 2nd revised edition, by Michael Edwards, Polity Press, 2009, Click here for more information.

The Management of Nonprofit and Charitable Organizations in Canada, 2nd Edition

The Definitive Canadian Text on Leadership and Management
Please click here for more...

 

 

Social finance uses standard financial tools and instruments to leverage the economic, social and environmental value created by organizations in the non-profit and for-profit sectors or in the hybrid space between them.  These organizations are usually mission-driven and seek to maximize all three forms of value.  Increasingly main-stream investors are seeking opportunities to invest in organizations that generate 'blended value' also known as ‘double’ and even ‘triple’ bottom line investing.  To be successful such investment requires a suite of financial tools, a cadre of new financial intermediaries, and a set of measurement metrics that capture the impact of the blended value return.  These three key ingredients form the core of social finance.  The Carleton Centre for Community Innovation provides tools and instruments essential for the implementation and measurement of social finance.
  • Impact Investing/Social Finance Events
  • Past Events
  • Impact Investing/Social Finance Publications
  •  

    Social Asset Measurements

    Social Asset Measurements is a firm that measures the impact of for-profits, non-profits, and charities using Social Return on Investment (SROI). With clients across Canada, we offer seamless, scalable solutions that allow clients to manage their social and financial bottom lines. Our cutting edge in-house research ensures that our clients receive the highest quality of measurement that is most suited to their needs.

    Please see:

    More on Social Asset Measurements

    CALCULATING INTEREST RATES FOR SOCIAL RETURN ON INVESTMENT

     


    Canadian Social Finance Task Force launches report:
    Mobilizing Private Capital for Public Good

    Can Canada build a robust impact investing marketplace? It can—but it’s going to take a whole lot of working together.

    Read the Canadian Social Finance Task Force’s report to find out what individuals and organizations across the country will have to do to:

    • Mobilize new sources of capital
    • Develop an enabling tax and regulatory environment
    • Provide social entrepreneurs with the needed businesses to launch, operate and scale their innovative ideas

    Ilse Treurnicht of MARS speaks about the Task Force on Social Finance on Metro Morning in Toronto


    3ci Director Tessa Hebb and Research Associate Karim Harji guest editors of Special Edition of Making Waves "Capital for Communities

    "Capital for Communities" ~ A Special Edition of Making Waves
    Currently at the press - read it now on-line ...

    Capital for Community ... What? We've come a long way since the previous special edition on capital (1998). We've also come to realize that the only future worth capitalizing is one that is low carbon and environmentally sustainable. Read it now.
    Delivering More Capital to Canada's Communities There's more social capital out there than you think - it's just not the type of social capital the community sector insists on looking for. Read it now.
    "That's a Great Idea! How can we finance it?" Five things that social entrepreneurs, bankers, and investors can do to resolve financial bottlenecks. Read it now.
    The Triple Bottom Line and Community Development Finance A pioneer of rural revitalization makes the transition from double to triple bottom-line investment. Read it now.
    Engaging Institutional Investors in Social Finance What financial intermediaries have to do to connect Canada's institutional investors with its social entrepreneurs. Read it now.
    Towards Fair Trade Banking Community Banking Partnerships show ways to make the banking sector "people-worthy." Read it now.
    Financing the Social Economy in Québec Which factors enable Québec to channel more and more patient capital into diverse, complex projects of social economy? Read it now.
    Sweden's JAK Bank Here is a banking system that divorces local and regional finance from compound interest and all it implies about long-term indebtedness and short-term, high-yield investment. Read it now.
    Click here to see the complete contents, including its on-line supplement.

    (Cliquez ici pour la version française)

    Sponsors of this publication are the Canadian Community Investment Network Co-operative and Assiniboine Credit Union, Ontario Trillium Foundation, Vancity Savings Credit Union and Vancity Community Foundation, Nova Scotia Co-operative Council, and the Canadian CED Network. Thank you!


    Causeway/Ashoka Social Finance Blog Series Network

    Visit socialfinance.ca to explore Causeway/Ashoka Social Finance Blog Series - Topic 3: What organizations are best suited for each type of financing? 

    Stacey Corriveau, Director of BC Centre for Social Enterprise and Ashoka Canada Fellow, kicks-off the third topic by discussing the importance of community-based organizations "knowing thyself" before exploring the opportunities offered by Social Finance. Featured contributors include Andrew MacDonald, Eva's Phoniex Print Shop and Adam Adam Jagelewski, Causeway. 

    The summary of Topic 2: What are the different types of finance that exist in Canada?  will be circulated shortly. Please sign up for the summary if you haven't already. 


    Impact Investing/Social Finance Events

    GNPI seeks feedback on draft document

    As you may be aware, the Government Non Profit Initiative (GNPI) in partnership with the Non-Profit Sector Labour Market Partnership (LMP) Program (Vancouver Foundation) has been developing an HR Strategic Plan for the non-profit sector.

    The HR Strategic Plan provides a snapshot of the non-profit labour market in BC. It's currently in its final stages of development and they are looking for feedback from non-profit organizations in BC.

    The current plan, in its final draft, proposes 17 areas for action. Based on feedback from the sector, some of these areas will be developed into new tools and resources. This plan has been developed with the help of an Advisory Committee, a team of professional HR consultants, and 50 key informants from the non-profit sector.

    To view the draft plan and provide comment, please click here


     

    Past Impact Investing/Social Finance Events
    3ci Symposium
    Leveraging Private Capital for Public Good
    March 2nd, 2011
    Carleton University
    9:00 am to 3 pm
    Co-sponsored with the Centre for Voluntary Sector Research and Development

    Webinar

    3ci and the Canadian Community Investment Network (CCINC) host
    Lessons for Community Finance for the 2008-2009 Financial Crisis
    Webinar with Michael Swack
    December 2nd, 2010 2 pm – 3 pm

    Michael Swack is a Professor at the University of New Hampshire where he has appointments at the Carsey Institute and the Whittemore School of Business and Economics.  He is convener of the Financial Innovations Roundtable (FIR) that he describes as “not only a think tank, but a “think-do” tank. Some of the most successful ideas developed at the FIR have been implemented, resulting in new tools, policies and practices that have resulted in millions of dollars being directed into investments in affordable housing, small and minority businesses, community facilities and other community development efforts.” Michael will bring insights from his new book, Capital Markets, CDFIs, and Organizational Credit Risk.

    Please click here to access “Capital Markets, CDFIs, and Organizational Credit Risk” by Charles Tansey, Michael Swack and Michael Tansey.


    Welcoming Jed Emerson to Carleton

    (From L to R) George Brown (OCLF), Jed Emerson, Tessa Hebb (3ci), Francois Brouard (SCSE), Margie Mendell (Concordia)

    On October 14th, 2010, The Carleton Centre for Community Innovation, Sprott Centre for Social Enterprises, and the Ottawa Community Loan Fund hosted a seminar with the well known thought leader on social finance and blended value, Jed Emerson.

    Jed Emerson has extensive experience leading, staffing and advising funds, firms, social ventures and foundations pursuing financial performance with social/environmental impact. He is an internationally recognized Thought Leader in sustainability and sustainable finance, blended value, impact investing, social entrepreneurship and strategic philanthropy. Emerson has played founder roles with some of the nation's leading venture philanthropy, community venture capital and social enterprises.  He is a Senior Fellow with Generation Investment Management (David Blood and Al Gore) and a Senior fellow with the Skoll Centre for Social Entrepreneurship at the Saïd Business School at Oxford University. 

    The hour and a half -hour session explored social finance, impact investing, mission-based investing, and social return on investment.  In the near future, we will post excerps of the video and Jed's presentation. Please check back soon.

    sprott_logosub.gif3ci Wordmark

    PRI Academic Conference 2009 The Next Generation of Responsible Investing

    Oct. 1/2, 2009, Carleton University, Ottawa, Ontario, Canada

    Responsible Investing has always had a broad mandate. Put simply, it is a long-term sustainable investment strategy that values environmental, social and governance factors in investment decision-making. To date much of that activity has taken place in the public equities portfolios of PRI signatories. Increasingly there is an interest in extending Responsible Investing to other asset classes including real estate, private equity, infrastructure, and fixed income. Responsible Investing in these alternative assets include both developed and emerging markets. In these asset classes Responsible Investing often takes on a proactive form, with investors seeking out investment opportunities that offer both strong financial performance and positive ancillary benefits. Such environmental, social and governance impacts are not only valued in and of themselves, but are also seen as ways to generate Alpha in investment portfolios. The conference examined this “Next Generation of Responsible Investing” and its implications for PRI signatories.

    A special themed issue of the Journal of Business Ethics (JoBE) will publish the best qualitative papers on Responsible Investing presented at the conference.

    Please click here for conference papers, proceeding and PowerPoints.


    Photos From the
    May 27, 2009
    Social Economy Dinner and Bus Tour


    Click here to access full size slide show >>

    Social Economy Progressive Dinner and Bus Tour

    May 27th, 2009, Ottawa
    After a day of PowerPoint presentations and panel discussions on topics related to the social economy, participants of the Association for Non-profit and Social Economy Researchers (ANSER) conference got a taste of Ottawa’s rich social economy, literally.  Over the course of the evening, guests were transported by a big yellow school bus to three social enterprises within the Ottawa-Gatineau area. At each stop, they were served a course of a meal prepared by a social enterprise. They were met not only by the host, but also twelve other social enterprises throughout the evening.

    The first stop on the tour was Family Services á la famille Ottawa. Appetizers were served and guests were free to make their way around the room, which was set up as a mini tradeshow displaying five social enterprises/non profit organizations. These included the Centretown Laundry Co-op, Beadworks and Bottleworks (both part of Operation Go-Home), and Project Porchlight.

    The main course of the meal was catered by Krackers Katering, a social enterprise operating under the Causeway Work Centre umbrella. At Causeway, guests participated in “speed dating” with seven different social enterprises operating in Ottawa as they enjoyed their meal. This was a great opportunity for everyone to share ideas, questions, and stories in an intimate setting.   In addition to the enterprises operating under the Causeway, including Cycle Salvation and Good-natured Groundskeeping, other enterprises that were represented at the dinner included Eco-equitable, the Otesha Project, Equili-brio, and Panini X-press.  

    The final stop on the tour involved venturing to Gatineau for desert, coffee, and tea at the Dépanneur Sylvestre, a warm and welcoming cafe. As board game night was taking place in the background, guests heard about the history and mission of the Dépanneur as well as the Ottawa Community Loan Fund, a source of funding for social enterprises. The evening concluded with one last trip on the bus back to Carleton University.  Although having our guests return a few pounds heavier after all that delicious food was unintentional, it was our hope that they return a little more knowledgeable about Ottawa’s social economy; something too rich to be squeezed into a PowerPoint presentation. A sincere Thank-You to all of the social enterprises and participants on the tour.

    The Social Enterprises that Participated:

    Centretown Laundry Coop has been operating since 1999 with a mission of providing low-income individuals access to laundry facilities at a low cost.  It operates as a membership based mentoring program with the intention of involving members in its operations and eventually in management of the organization. Membership cost is one dollar per year and the cost to do laundry is one dollar per load, with all supplies provided, including a sewing machine and laundry detergent.  Members are encouraged to contribute through cleaning, volunteering, or participating in meetings and gatherings.

    Family Services á la famille Ottawa is a private registered charitable agency that has been operating in Ottawa since 1914. It offers a variety of services including employment, counseling, education, and support, with the intention of meeting the needs of the community. In 1989, Family Services Ottawa began offering our counseling expertise to workplaces in an effort to address the unique needs of employees and the workplace through the Family Services Ottawa Employee Assistance Program (FSEAP Ottawa). Clients are offered a variety of workshops and training services designed to create a win-win situation for employees and employers by developing a healthier workplace while at the same time reducing absenteeism and improving the quality of work and productivity of workers.

    The Ottawa Community Loan Fund provides short-term loans of up to $15,000 to small business owners, aspiring entrepreneurs, not-for-profits and charities operating businesses, and individuals involved in international training and community groups.  In providing loans, the Ottawa Community Loan Fund operates under the philosophy that credit histories and tangible assets are just part of a formula for granting financing. “We take the traditional formula further and make it more inclusive by also considering the character, talent and ability of the applicants”.

    Krackers Katering is an agency-sponsored entrepreneurial business that operates under the Causeway Work Centre umbrella. Its primary purpose is to employ persons with severe and persistent mental illness to develop the skills and confidence necessary to break the cycle of isolation, poverty and unemployment and build independent, self-supporting futures. Krackers provides training opportunities, as well as full-time, part-time, and casual paid employment. It demonstrates that people with mental illness can be productive, contributing members of the community.

    Operation Go-Home is a non-profit organization dedicated to helping youth on the streets. It operates Five Pillars of service delivery for youth including a Drop-In, Education, Employment, Outreach and Reunite.

    Under the employment pillar, Operation Go Home supports two social enterprises: Bottleworks is a commercial bottle collection and recycling business designed to provide a pick-up service to local restaurants, bars, hotels, condominiums, conference facilities and to collect Beau’s bottles from various drop off locations throughout the city of Ottawa. Bottleworks employs at risk youth in the business. Bottlework's website

    Beadworks is another new enterprise operating under the employment pillar of Operation Go Home, which began last summer with the donation of beading supplies. More than 40 youth became involved in designing and making beaded jewellery. Having never made jewellery before, our youth, both male and female, discovered talents they did not know they had, finding creative work a positive way to spend their time. We sold over $2000 worth of merchandise at “The Underpass”, a pilot project of Arts Court and The Rideau Street Business Improvement Association. We now have our jewellery in two shops, “Workshop” in the Byward Market and “Brush Strokes” in Carleton Place. 65% of the money, earned by Beadworks, goes to the youth involved in the enterprise.

    One Change empowers people to believe that simple actions matter and to make smart choices that protect the environment. Their most successful campaign is Project Porchlight, which makes energy conservation accessible, relevant, and personal by engaging citizens, community groups, and municipalities to promote simple yet effective changes that have a global impact. In 2005-2006, with the support of Hydro Ottawa and the work of community groups and volunteers, Project Porchlight delivered 225,000 free CFL bulbs to homes across Ottawa. To date, Project Porchlight campaigns have ‘seen the light’ in over 500 communities in Ontario, Saskatchewan, Alberta, British Columbia, Yukon, Vermont, and New Jersey. Over 10,000 volunteers from over 2,000 community groups are currently engaged and have seen the delivery of over 2,000,000 energy-saving light bulbs.

    Dépanneur Sylvestre is a café and meeting space for the community it serves. Its primary purpose is to facilitate healthy and simple community lifestyle which emphasizes inclusion and harmonious relations within the community. The café features local music, seminars on global and local issues, introduction to meditation, community dinners, weekly board game nights, and discussion groups. In addition to operating a small café which sells healthy food, the café also has a used clothing store and a small market.  

    The Otesha Project offers Cycling and Performing tours for youth and education programs for the whole community using a variety of theatre, multi-media, storytelling, motivational speaking, games, facilitation tools, and workshops related to sustainability issues. Cycling tours offer an opportunity for youth to connect with communities, learn about the challenges they face and the solutions they’re implementing. The Otesha Project has performed to more than 85,000 people. Otesha’s education programs and performances focus on re-evaluating our daily choices to reflect the kind of future we'd like to see - rethinking what we really need, conserving resources, and voting with our dollars.

    EcoEquitable is a non-profit small scale textile manufacturing enterprise creating work for immigrant women, the unemployed, and part-time workers with the goal of facilitating the integration of these women into the workforce. In addition to offering job creation for unemployed workers, EcoEquitable offers a repair and alternation service for the community and the creation of recycled products such as promotional and fashion bags, yoga mat bags, dog clothes, etc.

    Panini Xpress is an employment skills and development initiative with the goal of providing employment and life skills to those interested in working in food and restaurant services.  Panini Xpress offers twelve week vocational training programs to individuals who face barriers to employment. The program also provides assistance with resume and interview skills and offers certification in Food Safety and Smart Serve. After successfully completing the program, participants are matched with employers in the community.

    Equili-brio.ca is a non-profit social economy enterprise specializing in the production of high quality natural food for domestic animals. Equili-brio.ca's social mandate is met through its economic activities by creating stable and rewarding jobs for persons with developmental disabilities in an integrated environment. This approach promotes the development and inclusion of persons with a developmental disability as members of our community. Profits are reinvested in the enterprise in order to create more work opportunities for persons with a developmental disability.

    Good-natured Groundskeeping is a social enterprise operating under Causeway Work Centre, with the objective of achieving a double bottom line. This is achieved through offering residential and commercial groundskeeping services while at the same time, providing training and employment to people who are economically disadvantaged. Services include lawn maintenance, spring and fall yard clean-ups, snow removal, and property and garden maintenance.

    Cycle Salvation is a social enterprise operating under the Causeway Work Centre. It strives to meet a triple bottom line (profit, people, planet) by providing training to people who are economically disadvantaged, and at the same time diverting bikes destined for scrap and landfill sites and selling repaired bikes to the community as an alternative mode of transportation.


     
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