FIT Sponsorship
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  | 

G8 Countries Commit to Social Investment


Wednesday, 12th June 2013 at 10:10 am
Staff Reporter
G8 governments last week committed to help grow the global market for social investment in the lead up to the 39th G8 summit in Northern Ireland.

Wednesday, 12th June 2013
at 10:10 am
Staff Reporter


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
G8 Countries Commit to Social Investment
Wednesday, 12th June 2013 at 10:10 am

G8 governments last week committed to help grow the global market for social investment in the lead up to the 39th G8 summit in Northern Ireland.

Key commitments from the June 6 Social Impact Investment Forum included an OECD report to value the market for social investment, convergence of social investment and international development projects, and a global expert group to advocate best practice and recognised international standards.

An international taskforce made up of G8 Governments, industry and civil society representatives will oversee the implementation of the strategy.

The taskforce will be chaired by Sir Ronald Cohen, chair of the world’s first social investment bank Big Capital.

Other plans announced included a Global Learning Exchange on social investment, encouraging investors, policy makers and entrepreneurs to debate and generate ideas.

In his speech to open the forum, UK Prime Minister David Cameron said ‘social investment can be a great force for social change on the planet’.

Cameron used the platform to announce three additional initiatives he planned to introduce in the UK.

They included tax breaks for social investments, a Social Stock Exchange to measure the success of those investments, and help for communities to buy local assets.

The forum, requested by Cameron as part of the UK’s G8 Presidency this year, was the first of its kind.

Figureheads from finance and civil society were behind an open letter from industry that lauded the Prime Minister and G8 leaders for their efforts to embrace impact investing.

They included JP Morgan, Deutsche Bank, Morgan Stanley, Credit Suisse, Goldman Sachs, Big Society Capital, KPMG, the Ford and Rockefeller Foundations and the Omidyar Network.

The ‘Group of Eight’ is made up of Canada, France, Germany, Italy, Japan, Russia, the US and the UK. The nations meet for a summit once a year.

Click here to read UK Prime Minister David Cameron’s speech in full.



FEATURED SUPPLIERS


Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

We specialise in data solutions consulting and IT profession...

DQUBE Solutions

Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

Fantastic digital management app for organisations deliverin...

Ateesa

More Suppliers

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Australians Express Strong Support for CSR

Luke Michael

Monday, 8th January 2018 at 2:32 pm

Warning to CEOs – CSR May Get You Fired, Study Finds

Lina Caneva

Tuesday, 24th October 2017 at 10:07 am

LEGO Comes Top For CSR

Wendy Williams

Wednesday, 4th October 2017 at 8:57 am

Matched Giving with Charity Gift Vouchers is the Perfect Match

Naomi Barson

Thursday, 17th August 2017 at 11:07 am

POPULAR

$110M Package Tackles Anxiety and Depression Among Young Australians

Wendy Williams

Tuesday, 9th January 2018 at 8:46 am

Privatisation Poses New Challenges for NFPs Managing Their Workforce

Luke Michael

Tuesday, 9th January 2018 at 4:36 pm

Social Enterprise Announces $500,000 Funding for Social and Affordable Housing

Luke Michael

Monday, 15th January 2018 at 11:26 am

White Ribbon Australia CEO Announces Retirement

Wendy Williams

Wednesday, 10th January 2018 at 5:15 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


FIT Sponsorship
pba inverse logo
Subscribe Twitter Facebook

Get the social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!