Social Impact Investing

More documents

Recommendations

Info

SOCIAL IMPACT INVESTMENT: BUILDING THE EVIDENCE BASE References Addis, R., J. McLeod, and A. Raine (2013), “IMPACT Australia: Investment for Social and Economic Benefit”, Australian Government, Department of Education, Employment and Workplace Relations, November. Clifford J, Hehenberger L, and Fantini M (2014), "Proposed approaches to social impact measurement in European Commission legislation and in practice related to: EuSEFs and the EaSI" http://ec.europa.eu/internal_market/social_business/docs/expert-group/social_impact/140605-subgroup-report_en.pdf Galera, G., and C. Borzaga (2009), "Social enterprise: an international overview of its conceptual evolution and legal implementation", Social Enterprise Journal, 5(3): 210-228. GIIN (2014), Global Impact Investing Network website. Available at: www.thegiin.org/cgibin/iowa/resources/about/index.html, accessed 15 May 2014 HM Government, UK (2013c), “G8 Social Impact Investment Forum: Outputs and Agreed Actions”, UK Cabinet Office, London, July. HMT (2014), “Social investment tax relief guidance”, HM Treasury, London, March. Available at: https://www.gov.uk/government/publications/finance-bill-2014-legislation-explanatory-notes-andguidance NAB-ITA (2014), “La finanza che include: gli investimenti ad impatto sociale per una nuova economia”, National Advisory Board Report, Italy, Social Impact Investment Taskforce established by the G8, September. OECD (2013c), OECD Economic Surveys: United Kingdom 2013, OECD Publishing. doi: 10.1787/eco_surveys-gbr-2013-en OECD/EU (forthcoming 2015), “Policy Brief on Social impact measurement for social enterprises EU Commission/OECD, Luxemburg”, Publication Office of the European Union. Rangan, K.V., S. Appleby, and L. Moon (2011), “The Promise of Impact Investing”, Harvard Business School, Background Note No. 512-045, Boston. SIITF (2014), “Impact Investment: The Invisible Heart of the Markets”, Social Impact Investment Taskforce, London, September. SIITF (2014b), Social Impact Investment Taskforce Report, Policy levers and Objectives – Explanatory Note for Governments, London,September. Thornley, B., D. Wood, K. Grace and S. Sullivant (2011), “Impact Investing: A Framework for Policy Design and Analysis”, Pacific Community Ventures, Institute for Responsible Investment at Harvard University, and Rockefeller Foundation, January. WGAA (2014), “Allocating for Impact: Harnessing private capital for public good”, Working Group on Asset Allocation (WGAA), Social Impact Investment Taskforce established by the G8, September. WGIM (2014), “Impact Measurement: Shifting the Paradigm”, Working Group on Impact Measurement (WGIM), Social Impact Investment Taskforce established by the G8, September. WGMA (2014), “Profit with Purpose”, Working Group on Mission Alignment (WGMA), Social Impact Investment Taskforce established by the G8, September. © OECD 2015 57
SOCIAL IMPACT INVESTMENT: BUILDING THE EVIDENCE BASE 5. CONTEXT SETTING: DIFFERENCES IN SOCIAL NEEDS AND SERVICE DELIVERY ACROSS SELECTED COUNTRIES This chapter looks at the context for social impact investment across the G7 and Australia. This includes looking at changes in social needs and direct public sector provision over time as well as a discussion of the different models of social service provision in each country. This chapter covers: a review of trends in social needs in key service sectors (health, employment and education, housing, criminal justice and family services); trend changes in public spending in the above areas; models of social services provision; evidence of best practice in this area; and, methods and issues for measuring social impact. 5.1 Introduction 5.1 The contexts in which Social Impact Investment (SII) takes place, country-to-country, will have a significant bearing on the potential for SII to have a lasting and positive role in society. Key contextual factors include: the extent to which present legislation and financial regulation plays a role in facilitating social impact investment; the extent of social need by sector; the evolving size and role of public intervention, also by sector; varying models of social service provision in each country, stakeholders and their present effectiveness; and, the political economy of private intervention. 18 5.2 The variation in these contexts can inform how different SII approaches may be more appropriate in some sectors than in others, and easier to implement in some countries than in others. The purpose of this chapter is to contribute to the discussion of how SII could fit in to present forms of social impact investment by mapping key social-contextual factors in the G7 and Australia. 5.2 Social outcomes and social spending 5.3 The space in which SII could take a positive role in social development provides further contextual information for assessing the need for SII, and its likelihood to have a meaningful and lasting effect. Understanding how different countries achieve preferred social outcomes, relative to the extent of public social interventions, is important for gauging this ‘SII market space’. Of course, the final ‘market space’ will also be determined by the extent to which SII might want to go ‘above and beyond’ the public efficiency and effectiveness, but because governments are the largest investor in social causes in every country, the specific role of public spending relative to key social outcomes is the most appropriate starting point for such an estimate. 5.4 Below, two sections will discuss trends in social outcomes and public expenditure from across a range of social sectors, with a focus on what these data might mean for SII. 18. Historical factors also play a role, but are beyond the scope of this paper. 58 © OECD 2015
Page 2 and 3:
Turning the Improbable Into the Exc
Page 4 and 5:
Page 4 of 140
Page 6 and 7:
Page 6 of 140
Page 8 and 9:
6. 1 We disseminate Quarterly publi
Page 10 and 11:
Page 10 of 140
Page 12 and 13:
Page 12 of 140
Page 14 and 15:
23 “His master replied, ‘Well d
Page 16 and 17:
Page 16 of 140
Page 18 and 19:
Domini, shareholder advocacy and co
Page 20 and 21:
Two good things came out this resea
Page 22 and 23:
Fund Azzad Ethical Mid Cap Fund Bri
Page 24 and 25:
Fund Fund A Praxis Growth Index Fun
Page 26 and 27:
development in the US, or are made
Page 28 and 29:
concern, and submitting and voting
Page 30 and 31:
sustain land trusts, to a meeting o
Page 32 and 33:
Page 32 of 140
Page 34 and 35:
that are often excluded from market
Page 36 and 37:
Some organisations that have used S
Page 38 and 39:
it helps identify the critical sour
Page 40 and 41:
Page 40 of 140
Page 42 and 43:
and shareholder trust through posit
Page 44 and 45:
Approaches Some commentators have i
Page 46 and 47:
Wieland and Handfield (2013) sugges
Page 48 and 49:
EthicalQuote (CEQ) tracks reputatio
Page 50 and 51:
Displaying commitment to CSR is one
Page 52 and 53:
Brand Differentiation CSR can help
Page 54 and 55:
takes health and safety, diversity
Page 56 and 57:
advance with the practice of CSR wh
Page 58 and 59:
Stakeholder Influence One motivatio
Page 60 and 61:
Regulation Fifteen European Union c
Page 62 and 63:
jurisdictions. E.g., some jurisdict
Page 64 and 65:
"Impact investments can be made in
Page 66 and 67:
venture capital community. Investor
Page 68 and 69:
countries via local intermediaries.
Page 70 and 71:
determining views of affected commu
Page 72 and 73:
Another measure of economic impact
Page 74 and 75:
Page 74 of 140
Page 76 and 77:
The Board for the CCEG was to inclu
Page 78 and 79:
17 Love Relationship Online dating
Page 80 and 81:
Social Value Act 2012 legislation.
Page 82 and 83:
Development released a report outli
Page 84 and 85:
Benefits and Costs of Social Impact
Page 86 and 87:
UK On 18 March 2010, Secretary of S
Page 88 and 89:
US Massachusetts: The second of two
Page 90 and 91:
US Federal: The U.S. Department of
Page 92 and 93:
would establish a five-year pilot p
Page 94 and 95:
We are dedicated to finding ways to
Page 96 and 97:
In the past, public monies have oft
Page 98 and 99:
indicate that more Americans want t
Page 100 and 101:
Youth" to "Opportunity Youth" in or
Page 102 and 103:
income must file a Form 990. The fo
Page 104 and 105:
In its first three years, SIF has a
Page 106 and 107:
The Office of Social Innovation pri
Page 108 and 109:
of Management at UCLA; and launched
Page 110 and 111:
Page 110 of 140
Page 112 and 113:
Notes _____________________________
Page 114 and 115:
Page 114 of 140
Page 116 and 117:
Investing for Impact Case Studies A
Page 118 and 119:
Contents What is Impact Investment?
Page 120 and 121:
What is Impact Investment? Impact I
Page 122 and 123:
A case study approach in an asset a
Page 124 and 125:
Segments of Impact Investors High T
Page 126 and 127:
Foundations Like high net worth ind
Page 128 and 129:
in the developed and the developing
Page 130 and 131:
By creating mechanisms through whic
Page 132 and 133:
Asset Allocation Framework Asset cl
Page 134 and 135:
Cash Shorebank Deposit Program fina
Page 136 and 137:
Mezzanine/Quasi Equity Instruments
Page 138 and 139:
Venture Capital Bridges Ventures CD
Page 140 and 141:
Real Estate JP Morgan Urban Renaiss
Page 142 and 143:
absolute return (hedge funds) BelAi
Page 144 and 145:
senior debt Root Capital Impact Fir
Page 146 and 147:
Venture Capital Aavishkaar Impact F
Page 148 and 149:
eal estate Ignia Impact First Inves
Page 150 and 151:
senior debt Root Capital Layered St
Page 152 and 153:
The New York City Acquisition Fund
Page 154 and 155:
Appendix Methodology The Investing
Page 156 and 157:
Websites •• Bridges Ventures: h
Page 158 and 159:
Cash Quasi Equity Public Equity Buy
Page 160 and 161:
Page 116 of 140
Page 164 and 165:
SOCIAL IMPACT INVESTMENT: BUILDING
Page 166 and 167:
Page 168 and 169: SOCIAL IMPACT INVESTMENT: BUILDING
Page 268 and 269:
Page 270 and 271:
Page 273 and 274:
Page 275 and 276:
Page 277 and 278:
Page 279 and 280:
Page 281 and 282:
Page 283 and 284:
Page 285 and 286:
Page 287 and 288:
Page 289 and 290:
Page 291 and 292:
Page 293 and 294:
Page 295 and 296:
Page 297 and 298:
Page 299 and 300:
Page 118 of 140
Page 301 and 302:
Global Research 29 November 2010 Im
Page 303 and 304:
Impact Investments: An emerging ass
Page 305 and 306:
Page 307 and 308:
Page 309 and 310:
Page 311 and 312:
Page 313 and 314:
Page 315 and 316:
Page 317 and 318:
Page 319 and 320:
Page 321 and 322:
Page 323 and 324:
Page 325 and 326:
Page 327 and 328:
Page 329 and 330:
Page 331 and 332:
Page 333 and 334:
Page 335 and 336:
Page 337 and 338:
Page 339 and 340:
Page 341 and 342:
Page 343 and 344:
Page 345 and 346:
Page 347 and 348:
Page 349 and 350:
Page 351 and 352:
Page 353 and 354:
Page 355 and 356:
Page 357 and 358:
Page 359 and 360:
Page 361 and 362:
Page 363 and 364:
Page 365 and 366:
Page 367 and 368:
Page 369 and 370:
Page 371 and 372:
Page 373 and 374:
Page 375 and 376:
Page 377 and 378:
Page 379 and 380:
Page 381 and 382:
Page 383 and 384:
Page 385 and 386:
Page 387 and 388:
Page 389 and 390:
Page 391 and 392:
Page 393 and 394:
Page 395 and 396:
Page 397 and 398:
Page 120 of 140
Page 399 and 400:
Advocacy Foundation Publishers The
Page 401 and 402:
XVI for Drug-Free Communities Landm
Page 403 and 404:
Vol. VIII 2022 ComeUnity ReEngineer
Page 405 and 406:
Vol. XV 2029 Inner-Cities Revitaliz
Page 407 and 408:
The e-Advocate Journal of Theologic
Page 409 and 410:
Issue Title Quarterly Vol. I 2015 I
Page 411 and 412:
The e-Advocate Juvenile Justice Rep
Page 413 and 414:
2018 - The Theological Law Firm Aca
Page 415 and 416:
About The Author John C (Jack) John
Page 417:
Page 140 of 140
show all

Social Impact Investing

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?