On November 30, The Task Force on Social Finance[1] (TFSF) released a report outlining recommendations for financial institutions, foundations and governments to participate in building a market for impact investing in Canada.
The groundbreaking report, Mobilizing Private Capital for Public Good, is a 37 page document that outlines seven actions that Canada needs to undertake, in parallel, to mobilize new sources of capital, create an enabling tax and regulator environment, and build a pipeline of investment-ready social enterprises. The recommendations aim to benefit non-profits, charities, co-operatives, and for-profits that achieve their primary social or environmental mission using business methods.
Access the final report and the summary report here, and follow the report’s progress on socialfinance.ca
The members of the TFSF[2] represent the interests of a diverse constituency of social finance stakeholders and include the CEO of MaRS Discovery District Ilse Treurnicht (Chair of the TFSF); the former Prime Minister of Canada, Right Honourable Paul Martin; the CEO of Vancity Credit Union, Tamara Vrooman; and the Foundation’s president and CEO, Tim Brodhead.
[1] The Task Force on Social Finance is a joint project of the Causeway Initiative and Social Innovation Generation (SiG). Learn more about the TFSF here.
[2] Ilse Treurnicht, CEO of MaRS Discovery District and Chair of the Task Force on Social Finance; Tim Brodhead, President and CEO of J.W. McConnell Family Foundation; Samuel L. Duboc, Chairman of Pathways to Education Canada and Founder of Edgestone Capital Partners; Stanley Hartt, Chairman of Macquarie Capital Markets Canada; Tim Jackson, CEO of Accelerator Centre and Associate VP of Commercialization at the University of Waterloo; Rt. Hon Paul Martin, Former Prime Minister and Finance Minister of Canada; Nancy Neamtan, President and ED of the Chantier de l’economie sociele; Reeta Roy, President and CEO of The MasterCard Foundation; Tamara Vrooman, CEO of Vancity Credit Union; Bill Young, President of Social Capital Partners