The Toronto Stock Exchange kicked off its new social, environmental, and economic justice-focused exchange this week with the debut of SVX Impact Index, a first-of-its-kind database that tracks the impact debt and equity offerings of Canadian companies that have a social, environmental, or economic impact.
The index is the work of Social Ventureion, a nonprofit that works with investors, funds, enterprises, and institutions to help them take the "first step or next step on their impact journey," per a press release.
The index looks at debt and equity offerings from private equity funds to housing bonds that have a social, environmental, or economic impact, and provides a single point of access to information for asset owners, asset managers, researchers, and other key stakeholders in the Canadian impact investing ecosystem, reports the Globe and Mail.
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William D. Eggers and Paul Macmillan of Dowser write about the social entrepreneurs slowly and steadily dirsupting the world of philanthropy. According to Forbes, philanthropy disruptors are those that believe “no one company is so vital that it can’t be replaced and no single business model too perfect to upend.”