Calls for SIBs from the Commonwealth of Australia while we hear from an event in Tokyo discussing the UK market experience…
Social Impact Bonds: UK & Comparative Perspectives – Part 1
Lawrence Finkle – OPM
OPM’s Director of Evaluation, Research and Engagement, Chih Hoong Sin, spoke at the 2015 Social Investing and Corporate Social Responsibility (CSR) Forum, held at Meiji University in Tokyo.
Chih Hoong was invited by the Department of Public Management and the Institute of Non-profit and Public Management Studies, in partnership with the Japanese Ministry of Education, Culture, Sports, Science and Technology (MEXT). The invitation to speak followed on from a visit to OPM by a delegation of senior academics from Meiji University back in November as part of a research project funded by the Japanese Government to support the launch of the first Japanese social impact bond (SIB).
At the event Chih Hoong spoke alongside colleagues from the UK Cabinet Office, PwC, and St Mungo’s Broadway on the emergence of Social Impact Investment and the Transformation of CSR in the UK and Japan.
Chih Hoong presented his observations of the development of Social Impact Bonds in the UK and on the lessons to be learned for the future. A number of findings Chih Hoong reported related to the ‘first wave’ of UK SIBs, which were of particular relevance to Japanese colleagues in the early stages of SIB planning.
Budget Woes Could Use Private Capital, Public Good
Rosemary Addis – The Mandarin
A new generation of investors are seeking social outcomes not just profits, opening the way to a different type of Public-Private Partnership. Social benefit bonds could help governments get more from their budgets. NSW has begun this market, should the Commonwealth be next?