As I was burrowing my way through learned texts, I came
across the Jewish "8 degrees of charity". This is drawn from the
Mishneh Torah of 1178.
It rates the importance
of charitable actions ranging from the most selfish - charity given
ostentatiously so people can see how wonderful you are to no8, what is seen as
the top most important charitable action. This is:
“Helping a needy person become self supporting by a gift,
loan or entering into partnership with or promoting work for him or her".
What a great
thought from the 12th century backing our 21st century notions of social
finance.
The G8 meeting in June is having social finance as one of
the themes of the meeting. And later in July a group of social finance experts
from and practitioners from across the Globe will be debating the issue.
Called the “Policy
Innovation in Impact Investing 2013 Conference” it will mark the 3rd annual
meeting of the Impact Investing Policy Collaborative. It comes at an exciting
time in the development of the global impact investing field. As many
governments around the world look for ways to leverage private capital for
public good, this is supposed to be an opportunity to share best practices and
approaches to innovation in policy making.
The UK has much to offer to this discussion having
spearheaded many of the world’s firsts in the field, such as the Social
Investment Business, Big Society Capital and social impact bonds, reforms on
outcome-based commissioning and the Social Value Act.
During the conference the IIPC is aiming to develop and
formally launch a set of foundational principles for policy design in impact
investing. It will be known as "The London Principles", no less!
These principles
will provide a touchstone for policymakers across the world to bolster impact
investing, offering entry points into a large body of global research and
practice.
Policy Innovation for Impact Investing will be July
10/11th. I shall be there. Look out for my Blogs!
And finally, a nice shot of the wisteria in Church St, Charlbury!
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