September 05 2013

Hopefully a multinational quango for SIBs will help the process although alas I am always cynical at the length of time such organisations take to achieve what the private sector can do so much more swiftly – isn’t that surely a core premise of the whole SIB marketplace?

Social Impact Investment Taskforce Takes Shape At SOCAP
trust.org

A global consortium of leading social finance experts was formally announced on Wednesday as part of a commitment made by the Group of Eight Social Impact Investment Forum earlier this year.

The G8 Social Impact Investment Forum last June announced the establishment of the Social Impact Investment Taskforce to help foster a social investment market, defined as buying into companies that aim to achieve a measurable social or environmental impact as well as a financial return.

The taskforce aims to report on a policy framework within about 12 months that would allow a standardised approach for impact investments to measure social outcomes and methods for foundations, institutions, and private investors to invest.

Matt Bannick of Omidyar Network and Jonathan Greenblatt, director of the Office of Social Innovation at the White House, announced the members of the consortium at SOCAP, an annual conference that gathers investors, foundations, institutions and social entrepreneurs with the goal of increasing the flow of capital to social good.