Social Finance’s Pivotal Moment: Can Good Intentions Become Real Change?
Why It Matters
As social finance hits the mainstream, how much has really changed with how we use capital? With insight from international impact investing visionary Jed Emerson, we ask what it would take to bring purpose into investments at scale. This article is crafted in partnership with the MaRS Centre for Impact Investing in the lead up to the 2019 Social Finance Forum.
Social finance is reaching a pivotal moment. From the non-profit sector to the corporate world, we’re hearing more and more talk of capital being used for a better purpose.
For example, in August 2019, 181 CEOs in the United States signed the Business Roundtable’s landmark statement redefining the purpose of a corporation to ‘meet the needs of all stakeholders’. In Canada, the public sector has taken the lead on social finance, announcing an $805 million fund.
“It’s a fundamentally different envir
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