Social Impact Investing

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SOCIAL IMPACT INVESTMENT: BUILDING THE EVIDENCE BASE OECD (2014a) Social Expenditure database, OECD Publishing, Paris. OECD (2014b) Society at a Glance, OECD Publishing, Paris. OECD (2014c) OECD dot.stat: employment series, OECD Publishing, Paris. OECD (2014d) Investing in Youth: Brazil. OECD Publishing, Paris. OECD (2014e) OECD Family database. OECD Publishing, Paris. OECD (2014f), Integrated Service Delivery for Vulnerable Groups, forthcoming. RAND (2012) "National Evaluation of the Department of Health’s Integrated Care Pilots: Final Report" RAND Europe, Ernst & Young LLP, prepared for the Department of Health, March 2012. Reiser, D. (2013) Regulating Social Enterprise, Contribution to the 2013 Columbia Law School Charities Regulation and Oversight Project Policy Conference on the “The Future of State Charities Regulation”, downloaded at http://academiccommons.columbia.edu/item/ac:168586, August 2014. Richardson, D. (2009) Extreme Poverty and Vulnerability on OECD Countries: A Scoping Paper. OECD DELSA-ELSA-WP1 (2009)6. Schweinhart, Lawrence (2003), "Benefits, Costs, and Explanation of the High Scope Perry Preschool Program." Paper presented at the Meeting of the Society for Research in Child Development, Tampa, Florida. Schweinhart, L. And D. Weikart. (1993), “Success by Empowerment: the High Scope/Perry Preschool Study through Age 27.” Young Children. SII Taskforce (forthcoming) Impact Investment: The Invisible Heart of Markets, September 2014. United Nations Office on Drugs and Crimes UNDOC (2011) Crime Series: www.unodc.org. in OECD (2014) Society at a Glance, OECD Publishing, Paris. © OECD 2015 79
SOCIAL IMPACT INVESTMENT: BUILDING THE EVIDENCE BASE 6. SOCIAL IMPACT INVESTMENT MARKET DATA: INITIAL FINDINGS This chapter summarizes the initial work on data collection, focusing on the G7 countries and Australia. It reviews the available data and current data collection processes and highlights some of the data challenges, including in terms of pulling together reliable and internationally comparable data. It also provides recommendations for moving forward. 6.1. Introduction 6.1 As seen in the development of other parts of capital markets (venture capital, angel investment, etc.) data on activity and performance can play an important role in helping to grow the market. Even at this early stage of development of the social impact investment market, a stronger evidence base would help in encouraging a global market to develop (HM Government, 2013c). Different players involved in the market, including policymakers, have been calling for more data on SII as well as a better and more accurate understanding of the size, scope, evolution and potential of the market. 6.2 The OECD has sought to gather information on SII data sources and data collection processes. The research process included reviewing the academic literature that focuses on SII-related data, industry reports that bring together information on the size and scope of SII in the different countries and information from other data sources. The OECD conducted further research to provide an overview of existing SII data sources and data collection approaches, pinpointing main data-related challenges. 6.3 As an integral part of this process, the OECD worked together with SII data experts and academics to identify major data gaps and challenges, as well as to discuss ideas for better data collection in the future. The OECD organised two SII Expert Meetings in the first half of 2014. The first meeting took place on the 21 st March, 2014 at the OECD headquarters in Paris. The second meeting was held on the 18 th June, 2014 at the U.K. Cabinet Office, London. The OECD thanks the UK Cabinet Office for hosting the meeting as well as all participants in both workshops for their input into the process. The list of participants in both workshops can be found in Annex A. 6.4 A number of data challenges are common to all the parts of the SII framework. First, data needs to be collected in a more comparable way across countries. Harmonised definitions of social enterprises, social impact investors and social impact investment transactions are needed to facilitate cross country data collection efforts. Second, with unclear definitional boundaries, deciding what exactly is being measured (target population) is a major challenge and limits the scope for any sampling exercise. Third, and also as a result of definitional challenges, measurement errors are common, either overstating or understating the target population. Finally, it is unclear how detailed the data breakdown should be. Higher levels of granularity are more informative, but require data collection efforts that are more resource intensive and involve further related challenges in terms of deciding what should or should not be included as SII. Overcoming such barriers can help unlocking data that is not yet accessible. 6.5 This section discusses different data types, reviews which data are currently available, what types of data collection processes are currently in place and what other data is needed. 80 © OECD 2015
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Domini, shareholder advocacy and co
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Two good things came out this resea
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Fund Azzad Ethical Mid Cap Fund Bri
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Fund Fund A Praxis Growth Index Fun
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development in the US, or are made
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concern, and submitting and voting
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sustain land trusts, to a meeting o
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that are often excluded from market
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Some organisations that have used S
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it helps identify the critical sour
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and shareholder trust through posit
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Approaches Some commentators have i
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Wieland and Handfield (2013) sugges
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EthicalQuote (CEQ) tracks reputatio
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Displaying commitment to CSR is one
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Brand Differentiation CSR can help
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takes health and safety, diversity
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advance with the practice of CSR wh
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Stakeholder Influence One motivatio
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Regulation Fifteen European Union c
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jurisdictions. E.g., some jurisdict
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"Impact investments can be made in
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venture capital community. Investor
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countries via local intermediaries.
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determining views of affected commu
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Another measure of economic impact
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The Board for the CCEG was to inclu
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17 Love Relationship Online dating
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Social Value Act 2012 legislation.
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Development released a report outli
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Benefits and Costs of Social Impact
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UK On 18 March 2010, Secretary of S
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US Massachusetts: The second of two
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US Federal: The U.S. Department of
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would establish a five-year pilot p
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We are dedicated to finding ways to
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In the past, public monies have oft
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indicate that more Americans want t
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Youth" to "Opportunity Youth" in or
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income must file a Form 990. The fo
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In its first three years, SIF has a
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The Office of Social Innovation pri
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of Management at UCLA; and launched
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Notes _____________________________
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Investing for Impact Case Studies A
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Contents What is Impact Investment?
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What is Impact Investment? Impact I
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A case study approach in an asset a
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Segments of Impact Investors High T
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Foundations Like high net worth ind
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in the developed and the developing
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By creating mechanisms through whic
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Asset Allocation Framework Asset cl
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Cash Shorebank Deposit Program fina
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Mezzanine/Quasi Equity Instruments
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Venture Capital Bridges Ventures CD
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Real Estate JP Morgan Urban Renaiss
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absolute return (hedge funds) BelAi
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senior debt Root Capital Impact Fir
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Venture Capital Aavishkaar Impact F
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eal estate Ignia Impact First Inves
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senior debt Root Capital Layered St
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The New York City Acquisition Fund
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Appendix Methodology The Investing
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Websites •• Bridges Ventures: h
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Cash Quasi Equity Public Equity Buy
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SOCIAL IMPACT INVESTMENT: BUILDING
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Global Research 29 November 2010 Im
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Impact Investments: An emerging ass
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Advocacy Foundation Publishers The
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XVI for Drug-Free Communities Landm
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Vol. VIII 2022 ComeUnity ReEngineer
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Vol. XV 2029 Inner-Cities Revitaliz
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The e-Advocate Journal of Theologic
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Issue Title Quarterly Vol. I 2015 I
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The e-Advocate Juvenile Justice Rep
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2018 - The Theological Law Firm Aca
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About The Author John C (Jack) John
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