Social finance is an approach to managing money that delivers a social dividend and an economic return. It may also refer to Social Finance UK, the organisation behind the first Social Impact Bond.
Social finance includes community investing, microlending, social impact bonds, and sustainable business and social enterprise lending. Outcome-based philanthropic grantmaking and program-related investments - sometimes referred to as venture philanthropy- also fall under the umbrella of social finance.
These approaches to investment and funding share the twin focus of stimulating positive social and environmental returns for investors and the larger world. Some social investors even try to affect an environmental return, which is referred to as a regard for a ‘triple bottom line’.
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Famous quotes containing the words social and/or finance:
“If there is technological advance without social advance, there is, almost automatically, an increase in human misery, in impoverishment.”
—Michael Harrington (1928–1989)
“A bank is a confidence trick. If you put up the right signs, the wizards of finance themselves will come in and ask you to take their money.”
—Christina Stead (1902–1983)