Publication Type
Magazine Article
Version
publishedVersion
Publication Date
1-2017
Abstract
What is social finance? Rachel Kalbfleisch of the International Development Research Centre (IDRC) defines it as a collection of approaches to managing money that create value for society or the environment, often while producing a financial return,1 while the MaRS Centre for Impact Investing calls it “an approach to managing money to solve societal challenges”.2 In other words, social finance is a movement that covers various ways of using finance—via socially responsible investments, micro-loans, community investments, and so on—to achieve a social or environmental impact. Who is involved in this process? While charities, socially driven businesses and governments all work towards creating positive social change, those who finance them are the ones facilitating the creation of social and environmental value (hereafter “social value”). These funders are thus considered to be practising social finance.
Discipline
Finance and Financial Management | Work, Economy and Organizations
Publication
Social Space
ISSN/ISBN
1793-7809
Publisher/Conference
Lien Centre
Copyright Owner and License
Lien Centre for Social Innovation
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Citation
Petroske, Christian; Parzhuber, Florian; Jeong, Haneol; Kinsella, John; Murakami, Maaya; Laferriere, Mitchell; and Cordelle, Remi.
SoFi 101: Understanding social finance. (2017). Social Space. 8-14.
Available at: https://ink.library.smu.edu.sg/lien_research/152
Additional URL
https://socialspacemag.org/magazines/