Presented at the ANSER Conference, 28th May, 2009 Based on a forthcoming paper on the social finance landscape in Canada, from an investor perspective. Download the paper from carleton.ca/3ci

1. Social Finance in Canada
Tessa Hebb
Karim Harji
Carleton Centre for Community Innovation
Carleton University
ANSER Conference
2 8 th M a y 2 0 0 9

2. Introduction
 What is Social Finance?
 Understanding the Blended Value Proposition
 Canada’s Social Finance Landscape
 Emerging Investment Opportunities
 Moving Social Finance Forward
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3. What is Blended Value?
“The Blended Value Proposition states is that all
organizations, whether for-profit or not, create
value that consists of economic, social and
environmental value components —
and that investors (whether market-rate, charitable
or some mix of the two) simultaneously generate
all three forms of value through providing capital
to organizations.”
Jed Emerson
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4. Social Finance Continuum
Below-Market Investments
Market-Rate Investments
Source: F.B. Heron Foundation
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5. Canada’s Social Finance Landscape
 Government
 Philanthropy
 Community Development Finance
 Social Enterprise
 Green Investors
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6. Emerging Opportunities
 Engaging institutional investors
 Utilizing foundation assets
 Creating new financial vehicles
 Enabling government legislation
 Developing social metrics
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7. Moving Forward
 Mapping supply, demand, intermediaries
 Commonly-understood language
 Align demand and supply
 Creativity around financial vehicles
 Absorptive capacity of social enterprise
 Use the current crisis as an opportunity
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8. Contacts
Tessa Hebb
Director, Carleton Centre for Community Innovation (3ci)
thebb (at) attglobal.net
www.carleton.ca/3ci
Karim Harji
Senior Research Associate, 3ci; Manager, Social Capital Partners
karim (at) socialfinance.ca
www.socialfinance.ca
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