Written by Thrive
What is the return on your investments? The value of an investment is typically looked at from a purely financial perspective with the social return often overlooked or not considered at all. Social Finance has been around for a number of years, but it is quickly gaining traction as it has the potential to solve some of society’s social and environmental challenges while generating a financial return. Investment options to date have existed for only the for-profit sector. Social finance options offer both for-profits and non-profits access to needed funds and can provide investors with the option to invest in work that improves society and generates a positive financial return.
Adam Jagelewski from Social Innovation Generation recently visited Calgary, and engaged citizens in a discussion and exploration of what is needed to advance social finance in Calgary. Through the conversation, six action areas were identified;
- Building capacity and a shared language for measuring social outcomes.
- Creating policies that mobilize capital for for-profit and non-profit venues that create blended value.
- Convening a group of practitioners from the financial sector to embed social finance into the investment industry.
- Building awareness of social finance within the government, business/investment and non-profit sectors.
- Working with non-profit organizations to get them to be investment ready.
- Establishing a coordinating body to provide leadership for the development of the social finance ecosystem in Calgary.
Are you ready to invest your money for social good? Are you able to help us move these action items forward? To learn more about social finance, blended value return on investment, the value of social finance to the three sectors (government, business, and non-profit), and how you can help advance social finance opportunities here in your own back yard, read Money for Good: Action Plan to Advance Social Finance in Calgary.