If Australian governments and organizations are able to back enough deals, around $18 billion will be poured into local investments for "social impact" over the course of the next five years. These social bonds are a class of financial instruments that can allow government to attract private capital in order to fund outsourced social welfare programs. In return, investors get a coupon payback based on how successful each program is.
The NSW, Queensland, South Australian, West Australian and federal governments have each expressed an interest to launch more social bond trials. The demand for these more mainstream impact investments is booming.
The overall info was based on a survey of 123 investors who are collectively responsible for over $333 billion in assets.
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When Hannah Davis traveled to China to teach English, she noticed how Chinese workers and farmers were often sporting olive green army-style shoes. Those shoes served as her inspiration to create her own social enterprise, Bangs Shoes.