FORÇA TAREFA CANADENSE EM
FINANÇAS SOCIAIS:
Inovação Social e Finanças Sociais A
História do Canadá
PRESENTATION BY
TIM DRAIMIN
Fórum BrasIleIro de FInanças
SocIaIs e NegócIos de Impacto
SA O P A U L O , B R A S I L
7 Maio 2014
SOCIAL INNOVATION GENERATION
SiG National Platform Support
Social Innovation
O que é Inovação Social?
Pg 3
“Any initiative (product, process, program, project or platform) that
challenges and, over time, contributes to changing the defining
routines, resource and authority flows or beliefs of the broader social
system in which it is introduced. Successful social innovations have
durability, scale and transformative impact” – Frances Westley
“Good ideas
that, when
implemented,
create large
scale value”
– Tim
Brodhead
"NOVAS IDÉIAS QUE
ATENDAM ÀS NECESSIDADES
“Seeing things differently
and imagining that which
Definitions
“The process of designing,
could be. It is aboutNÃO
asking SATISFEITAS."
developing and growing
questions of ourselves and
of Social
new ideas that work to meet
our institutions and
Innovation
pressing unmet needs.” –
wondering whether"INOVAÇÕES
we can
QUE
SÃO
Social Innovation eXchange
do better.” – BC Social
Innovation Council
SOCIAIS EM SEUS FINS E EM (SIX)
“New ideas
SEUS MEIOS.”
“Innovations that are both social
in their ends and in their
means...simultaneously meet
social needs & create new social
relationships or collaborations.”
– Open Book Of S.I.
that meet
unmet
needs.”
– Geoff
Mulgan
“New ideas that resolve
existing social, cultural,
economic and environmental
challenges for the benefit of
people and planet.”
– Centre for Social Innovation
Why Social Finance?
Por que o foco em finanças
sociais?
Finanças Sociais:
“uma das grandes inovações sociais
do século 21"
Katherine Fulton, Monitor Institute
Novembro 2010
Finanças Sociais:
vital para a Inovação Social
System
Scale
Organization
Idea / People
Problem
!
Fornece capital para
que as pessoas e as
organizações
tenham
durabilidade e
escala, a fim de criar
um maior impacto
Finanças Sociais apoiam o fluxo de inovação
Sources: http://sigeneration.ca/primer.html, MaRS Centre for Impact Investing
Why now?
Porque agora?
Pg 8
PENSAR FORA DA CAIXA
GDP of CANADA
$1.8 TRILLION
GDP of Nonprofit Sector
$128 BILLION
7% of GDP
9
SOURCE: WORLD BANK 2012, IMAGINE CANADA 2011
Modelos tradicionais.
Investment / $
Return focused
Pure financial
investments
Nonprofit
For profit
Pure grants &
contributions
Grant / Impact
focused
Pg 10
Novos modelos híbridos
Investment / $
Return focused
Pure financial
investments
SIBs;
Investors
Non-profit
For profit
Pure grants &
contributions
Grant / Impact
focused
Approach
Qual é a nossa abordagem?
O que é um field building ?
Conectando atores isolados em uma
determinada área de trabalho para criar um
campo/ecossitema organizado em torno de um
problema ou desafio.
A fim de ...
* Operar de forma mais eficaz e eficiente
* Identificar as melhores práticas
* Melhorar os resultados
* Catalisar um movimento para a mudança
Road
Qual foi o nosso caminho?
Pg 14
Diversos passos nacionais…
Global
UK Social
Investment
Task Force
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1st Social
Finance Forum
Preparations
for the
Canadian
Task Force
on Social
Finance
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A história de Finanças
Sociais no Canadá
7
6
5
CANADIAN TASK FORCE ON
SOCIAL FINANCE ‘10-‘11
4
3
‘08
2 CAUSEWAY
1
MaRS CENTRE FOR
IMPACT INVESTING ‘11
NATIONAL ROUNDTABLE
ON SOCIAL FINANCE ‘06
1994
2008
2007
2004
2010
2013
2011
2014
2004: um campo fragmentado
Socially
Responsible
Investing (SRI)
MRI/PRI
2006: Encontro sobre Finanças Sociais
1
2
CAUSEWAY
Anational collaborativeworkingoneffectivepathways
for financial investment andpublic benefit.
National collaboration accelerates
a Social Finance market place
financing Social Innovation and
serving public benefit
CANADA
Social Finance Forum
MaRS Discovery District, Toronto, Ontario, Canada
October 15, 2007
“Nossa esperaça é que
esse relatório levante
consciencia sobre as
Finanças Sociais e
estimule a discussão
nacional sobre um
novo modelo de
parceria entre o bem
público e privado, e a
oportunidade que isso
representa para o
futuro da cultura
Canadense.”
4
Dr. Ilse Treurnicht
Task Force Chair
CEO MaRS
December 2010
3 focus areas - focos
1 Capital Mobilization – Mobilizacao de Capital
Enabling tax & regulatory environment –
2 propiciar um ambiente favorável para incentivos e
regulamentacao
3 Investment pipeline – pipeline de investimento
Pg 21
TASK FORCE MEMBERS
• Ilse Treurnicht, Task Force
Chair and CEO of MaRS
Discovery District
• Tim Brodhead, President
and CEO of The J.W.
McConnell Family
Foundation
• Sam Duboc, Chairman of
Pathways to Education
Canada and Founder of
Edgestone Capital Partners
• Rt. Hon. Paul Martin, Former
Prime Minister and Minister
of Finance and Founder of
Cape Fund
• Nancy Neamtan, President
and Executive Director of The
Chantier de l’économie
sociale
• Reeta Roy, President and CEO
of The MasterCard
Foundation
• Stanley Hartt, Chairman of
Macquarie Capital Markets
Canada, former Deputy
Minister of Finance
• Tamara Vrooman, CEO of
Vancity Credit Union, former
Deputy Minister Finance of
British Columbia
• Tim Jackson, CEO PixStream,
Partner of Tech Capital, CEO
Accelerator Centre
• Bill Young, President of Social
Capital Partners, Canada’s
leading social enterprise
investor
Cada membro trouxe capacidades e
habilidades fundamentais e especificas
Policy
expertis
e
Strategic
planning &
guidance
Public
profile
Government
relations
Deep
financial
experience
Marketing
& branding
expertise
Deep
subject
expertise
Liaison, education,
awareness building
with constituents
Research
experience
& resources
Only Seven Key Recommendations
1
6
2
3
7
4
5
What happened?
O que aconteceu?
Pg 25
Canada
Global
Canadian interest in Social Finance lagged behind
the world, but catches up following Task Force
Source: Google Trends
Pg 26
Key Outcomes (I)
Foundations: 10% policy
1 supported by 2 associations
National Impact Fund: New
2 provincial public funding; new
private funds
3 Bonds: Feds & provinces begin
prep work
4 Pension Funds: Ontario passes
new legislation requiring ESG
reporting
5 Modernize Corporate
Forms: 2 provinces pass
new forms; another
exploring it
Tax Regulations: Federal
6 Minister creates Advisory
Council to make
recommendations
7 Support Services: Barriers
against social enterprises
dropped
Key Outcomes (II)
MaRS creates national hub:
8 Centre for Impact Investing
offering national programs
Alberta launches $1 billion
9 endowment fund with social
finance pillar
Federal Department issues
10 Social Finance Call for
Proposals
Buy Social Canada launches
11
2014
SVX, virtual social business
12 investment exchange
platform, receives
regulatory approval &
launches 2013
Community Foundations
13 partner with Community
Forward Fund to offer
financing to charities and
social enterprises
Broad-based National
14 Conversation on social
finance & impact investing
No entando, ocorreram algumas falhas
Government
Slow To Invest
Tax
reform
Capacity
building
Investment Firm
Fails
Electoral Change
Setback: SIBs
Foundations
PRIs/MRIs Slow
16% only
Pg 29
A história de Finanças
Sociais no Canadá
7
6
5
CANADIAN TASK FORCE ON
SOCIAL FINANCE ‘10-‘11
4
3
‘08
2 CAUSEWAY
1
MaRS CENTRE FOR
IMPACT INVESTING ‘11
NATIONAL ROUNDTABLE
ON SOCIAL FINANCE ‘06
1994
2008
2007
2004
2010
2013
2011
2014
2011: MaRS Centre for Impact Investing
5
Other key Canadian players
Community
Finance
Solutions
Outcomes
Finance
Incubator
2013: Social Enterprise World Forum
6
MILESTONES:
• First National Meeting of Social Investors
• First Meeting of Canadian Governments on
•
•
•
•
Social Enterprise
Included “Social Finance Forum 2013”
First SEWF with Social Innovation Track
1,000 attendees, 30 Countries
Former Prime Minister, Alberta Premier,
Many Ministers from Different Provinces &
Feds
2014: Alberta Social Innovation
Endowment
7
CANADIAN LANDMARK:
• $1 Billion Endowment ($45 million per yr)
• Three pillars:
1. SOCIAL FINANCE
2. PROTOTYPING
3. RESEARCH & KNOWLEDGE
MOBILIZATION
Quais são algumas das lições
que aprendemos?
lessons
Pg 34
TASK FORCE INSIGHTS & LESSONS (I)
1. AN “HONEST BROKER” AS CATALYZING AGENT AND SOCIAL CHANGE
FACILITATOR | MEDIADOR/FACILITADOR HONESTO E NEUTRO
• “Good offices” to convene constituencies and build alignment
2. EMPLOY A SYSTEMS LENS | OLHAR PARA O SISTEMA
• Focus beyond institutions or products to the architecture of
change & enabling ecosystem
3. SUPPORT EMERGING MOVEMENT | APOIAR O MOVIMENTO
EMERGENTE
• Link multiple constituencies
• WHO more important than HOW
1. SECTOR CHAMPIONS ARE CRITICAL | CAMPEÕES DO SETOR SÃO
CRÍTICOS
• Unusual Suspects in Common Cause; Cross-Sector Partnership
• Engage All Parts/Players of System
• Avoid Partisanship | Embrace Opponents
2. KEEP IT SIMPLE | MANTENHA-O SIMPLES
• Only 7 Policy Recommendations
INSIGHTS & LESSONS LEARNED (II)
5. STORY TELLING IS IMPORTANT | CONTAÇÃO DE HISTÓRIAS É
IMPORTANTE
• Which are Brazil’s signature stories?
5. PUBLICIZE TASK FORCE RESULTS | DIVULGAR RESULTADOS
• Recognize Milestones & Allies – Focus On Outstanding Goals
6. CONNECT TO LARGER SOCIAL CHANGE AGENDA | CONECTAR COM
AGENDA MAIOR DA MUDANÇA SOCIAL
• Social Finance is means, not the ends
• Social Finance Capital for the Social Innovation pipeline/cycle
8. PHILANTHROPY PLAYS CRITICAL ROLE | FILANTROPIA DESEMPENHA UM
PAPEL CRÍTICO
• Supports field building, Deploys capital into Social Finance &
Impacting Investing activities, catalyzes market building
9.
LEARN FROM & LEAPFROG GLOBAL PRECEDENTS | GRANDE SALTO
• UK Task Force, Global Impact Investing Network (GIIN), US White
House Office on Social Innovation, G8 Task Force
SiG: sigeneration.ca
SiG Knowledge Hub: SiGKnowledgeHub.com
TWITTER: @TimDraimin
@sigeneration
@socialfinance
INNOWEAVE: innoweave.ca
SOCIAL FINANCE: socialfinance.ca
OBRIGADO
Pg 37
THANKS TO JORDAN GILDERSLEEVE, SATSUKO VANANTWERP, DEVON KRAINER, KELSEY SPITZ