The Community Forward Fund is pleased to announce that it is one of the first twelve issuers on the Social Venture Connexion (SVX). SVX is a platform operating on the triple bottom line investment principle, where return is understood to include social and environmental impact as well as financial profit. SVX defines itself as a local, impact-first platform connecting impact ventures, funds, and investors with organizations making positive contributions to the community.
“Impact investing is in many respects uncharted territory for Canadian nonprofit organizations and investors alike. The Social Venture Connexion is an important step toward creating a nationwide social finance framework that will help social impact funds such as CFF access new capital,” says CFF CEO Derek Ballantyne, who was a speaker at SVX’s launch at the Toronto Stock Exchange on September 19th. “There is great potential for increased impact for non-profit and charitable organziaitons, and the Community Forward Fund is proud to be involved.”
“The goal is not to replace government funding, but to grow the pool of capital available to support more social and environmental enterprise,” says SVX founder and CEO Adam Spence. Developed by MaRS Discovery District in collaboration with TMX Group Inc., the Social Venture Exchange already has over 100 registered impacts investors, and more nonprofit groups and cooperatives are listed each day.