Private capital for public good: The power of impact investing
KPMG LLP and MaRS join forces to drive social change and transform communities
Toronto, June 12, 2012 – KPMG LLP (KPMG) today announced their commitment to strengthening the Canadian impact investing marketplace and driving social innovation as a founding partner of the MaRS Centre for Impact Investing (CII). KPMG is investing funding and in-kind talent and services to support the CII’s work to mobilize private capital for public good.
“KPMG is proud to support the MaRS Centre for Impact Investing,” said Tania Carnegie, Executive Director, Community Leadership, KPMG LLP. “This partnership presents an incredible opportunity for the investment community to get involved in a new way. The MaRS Centre for Impact Investing is the ideal partner to support innovative solutions that drive social change, and ultimately, transform our communities.”
“MaRS is proud to recognize KPMG as the Centre for Impact Investing’s first corporate partner,” said MaRS CEO, Ilse Treurnicht. “Their support is indicative of the momentum and credibility that is building around the impact investing agenda. The talent and capabilities that KPMG brings to the table will strengthen the Centre’s capacity to harness this momentum to build a robust investment hub.”
KPMG professionals will be lending their expertise to key initiatives of the CII, including the SVX as well as efforts to advance social impact measurement.
How to get involved?
MaRS Discovery District (www.marsdd.com) (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
Opened in late 2011, the Centre for Impact Investing is a national hub designed to increase the awareness and effectiveness of social finance, which directs new capital, talent and initiatives toward tackling Canada’s most pressing social and environmental problems. Acting as a neutral collaboration space, the Centre is designed for 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.
KPMG LLP, an Audit, Tax and Advisory firm (kpmg.ca) and a Canadian limited liability partnership established under the laws of Ontario, is the Canadian member firm of KPMG International Cooperative (“KPMG International”). KPMG member firms around the world have 145,000 professionals, in 152 countries.
The independent member firms of the KPMG network are affiliated with KPMG International, a Swiss entity. Each KPMG firm is a legally distinct and separate entity, and describes itself as such.
For more information, contact:
MaRS Discovery District
Program Manager, MaRS Centre for Impact Investing
Manager, Media Relations