First-of-its-Kind Social Impact Bond Planned for British Columbia

First-of-its-Kind Social Impact Bond Planned for British Columbia

by pmnationtalk on November 25, 2019143 Views

First-of-its-Kind Social Impact Bond Planned for British Columbia

KELOWNA,  November 25, 2019 – Impact International Secured Investments Corporation (Impact ISI) is fostering The Green Bank Network (TGBN) to lead the way in circular and integrated impact financing. TGBN employs exponential technology including Blockchain, and Smart Contracts to catalyze blended finance, reducing market barriers and drawing in private investment. Whether legal tender, digital coin, or tokens, securitization through gold, real estate, and excess goods our aim is to de-risk large scale social impact financing and green investments.

Why now? A global awaking has revealed unbridled environmental degradation and deplorable social conditions despite massive surges in social and green investments over past years. Eroding public confidence in governments and reluctance of private investors to fund impact projects have both stagnated the market and led to urgent calls for superior oversight, monitoring and reporting. Even more weighty are commitments this year by the World Bank and the European Investment Bank to stop funding fossil fuel projects. This level of disruption has created opportunities to engage local and global finance sectors to mobilize “clean” private capital for public good like never before.

Canada is positioned to make good on diligent work since the 1900s to establish a consistent regulatory and policy floor for compliant social finance investing. Curating this knowledge, Toronto-based MaRS Centre for Impact Investing and the Canadian Task Force on Social Finance supported the Government of Manitoba and partners to issue a first-ever Canadian Social Impact Bond in 2017. This has opened the door for other provinces to follow suit.

As a World leader in clean financing, Impact ISI plans to take action in British Columbia (BC) by facilitating the First-ever Social Impact Bond in BC, raising $15 M (US) for Phase II of the Highway 16 safety and economic development project.  Phase I consolidates over 17-months of multi-stakeholder engagement through an open community design workshop scheduled for Nov 29, 30, Dec 1, 2019 in Vanderhoof, BC. Situated in the “the heart of it all” or the geographic Centre of the Province, Vanderhoof will help crystalize a local Vision and Action Plan for safe passage for all on the Yellowhead (Highway 16). In collectively re-imaging the infamous ‘Highway of Tears’, a new relationship with the land can take root and flourish.

Phase II funding will enable scaling up and further development of intelligent mobile / wireless communications infrastructure, training of users, and enable creation of local jobs. A direct benefit for all is an affordable fail-safe communications system for safe passage for all. Anticipated next is for local communities, First Nations and First Citizens, and local business to build economies to sustain the investment and also to create opportunities to individually and collectively generate revenue.

This project effectively chips away at shelved recommendations from past inquires, studies, and projects concerning safety and connectivity in BC’s North. Going forward, it serves as a blueprint for other troubled highways. As an economic gateway it can help CEO Carol Anne Hilton’s, Indigenomics Institute advance 12 economic levers for decolonizing economic development. That is, to unleash potential energy and propel forward a new payload – a $100 Billion Indigenous Economy.

For further information, contact:

Mr. L.T. Oliver, Executive Managing Director
Impact International Secured Investments, LLC &
Co-Founder and Managing Partner, The Green Bank Network (TGBN) Canada
Email: [email protected]
Business Line: 204.995.9001

Dr. Connie Delisle, BA, BA, MSc., PhD
Co-Founder and Managing Partner, The Green Bank Network (TGBN) Canada

Shawn Anderson, Msc.
Co-Founder and Directing Scientist, The Green Bank Network (TGBN) Canada


GitHub: then search: tgbn/Press

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