The Canadian Forum for Impact Investment and Development (CAFIID) jointly with the Table for Impact Investment Practitioners (TIIP) seeks to re-establish a National Advisory Board (NAB), under the auspices of the Global Steering Group for Impact Investing to act as a forum for engagement and collaboration.

The Global Steering Group for Impact Investment (GSG) is an independent organization catalyzing impact investment and entrepreneurship to benefit people and the planet. The GSG acts as a clearinghouse of information on best practices for impact investing.  The GSG currently engages with  National Advisory Boards in 40 countries plus the EU as members. National Advisory Boards (NABs) are at the heart of the impact movement and of the GSG’s work. Together, the GSG, the NABs and GSG Strategic Partners “innovate, orchestrate and agitate” to enable the emergence of impact economies across the world. The NABs promote the development of impact investing in, and from, their countries and regions. While there are no set blueprints for a NAB and governance can vary based on each country’s needs, NABs generally:

  • Raise awareness of impact investing across a broad range of constituents;
  • Identifies opportunities to support  talent, practice exchange, supportive policy and infrastructure for impact investing;
  • Create a proactive, catalytic platform for influence and action that focuses on developing the overall effectiveness and performance of the field;

As the Canadian NAB redevelops, its Steering Committee will follow a shared approach to three foundational principles and three objectives, as documented below.

The three foundational principles are:

Principle #1

We use the term “impact investment” and define it as an investment which “optimizes risk, return and impact to benefit people and the planet. It does so by setting specific social and environmental objectives alongside financial ones, and measuring their achievement.

Principle #2

We are creating a big tent and a network of networks.

Principle #3

We are working to standardize the measurement of impact and improve our approach to reporting so that we speak with one voice and raise the level of our part of the Market.

The three objectives are:

  1. Connect
  2. Advocate
  3. Educate

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