TORONTO, Nov. 8, 2012 /CNW/ - The MaRS Centre for Impact Investing today
received a $1 million, five-year commitment from RBC to help build its
capacity as a leadership hub for social finance and impact investing.
The announcement was made at the Centre's annual Social Finance Forum, taking place at MaRS Discovery District.
With this gift, RBC becomes a founding partner of the Centre, which was
launched in late 2011 to increase awareness of social finance and
direct new capital and talent to tackle social and environmental
problems in Canada. The donation will fund educational programs for
investors, social enterprises and financial advisors, as well as the
development of models, tools, products, research and services to create
and measure positive social and environmental impact.
"RBC is proud to be a founding partner of the MaRS Centre for Impact
Investing, and we are confident that with this donation, the Centre
will strengthen our collective ability to mobilize private capital
toward the public good," says Gordon M. Nixon, president and CEO, RBC,
and Chair, MaRS Discovery District. "The Centre will become the 'go-to'
resource for social finance in Canada, creating a collaborative
platform for private, community and government sectors to develop
products, services, talent and public policy."
"MaRS is proud to recognize RBC as a founding partner of the Centre for
Impact Investing," says MaRS CEO Ilse Treurnicht. "RBC's leadership in
the social finance sector, through its own initiatives and its
contribution to the Centre, speaks to the momentum that is building
around the impact investing agenda in Canada."
Today's donation complements the RBC social finance initiative, a $20 million commitment to help ignite social and environmental change through investment
Ted Anderson, director of the MaRS Centre for Impact Investing, notes
that the partnership will help drive the development of a robust social
finance marketplace in Canada. "This contribution is another tangible
example of RBC's leadership in social finance and impact investing, and
will help to shape how we tackle some of the major societal issues that
Canadians are dealing with," he says.
MaRS Discovery District (Twitter: @MaRSDD) is a mission-driven
innovation centre located in Toronto. MaRS works with partners to
catalyze, accelerate and amplify innovation. MaRS supports
entrepreneurs building Canada's next generation of growth companies.
About the MaRS Centre for Impact Investing
The Centre for Impact Investing (Twitter: @SocialFinance) is a national
hub designed to increase the awareness and effectiveness of social
finance in order to direct new capital and talent toward tackling
Canada's most pressing social and environmental problems. Designed for
collaboration and co-creation between government, community and the
private sector, the Centre builds on the foundational work of MaRS and
Social Innovation Generation (SiG), including the landmark report by
the Canadian Task Force on Social Finance.
SOURCE: MaRS Discovery District
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