Social Innovation Generation

One short year ago, the Task Force on Social Finance released its report, Mobilizing Private Capital for Public Good. It was time to more formally embrace the growing impact investment movement as a viable and necessary economic activity for Canada.

Social finance, also known as impact investing or blended value investing, is defined as proactively investing in businesses, organizations or funds that generate both a social or environmental AND financial return.

The Task Force on Social Finance was conceived by SiG (Social Innovation Generation), a national partnership of organizations focused on understanding, catalyzing and implementing transformative social innovation.
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“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)
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