SAN FRANCISCO (September 4, 2013) — Omidyar Network Managing Partner Matt Bannick will serve as one of two U.S. representatives to the global Social Impact Investing Taskforce. Born out of the G8 Social Impact Investment Forum this past June, the Taskforce will work to grow the global market for social investment. Jonathan Greenblatt, special assistant to President Obama and director of the Office of Social Innovation and Civic Participation, made the announcement today at the Social Capital Markets Conference (SOCAP) in San Francisco.
Led by Sir Ronald Cohen, founder of Big Society Capital, the Taskforce will be comprised of public and private-sector representatives from the G8 countries. The Taskforce will focus on creating the policy framework required to accelerate impact investing, establishing a common global approach for measuring social outcomes, and encouraging greater engagement across foundations, institutions and private investors.
“I am honored to serve on the Taskforce. In June, we witnessed a watershed moment when G8 governments committed to foster and grow the social impact investing markets. It signified international recognition that market-based approaches are an important tool for solving society’s most intractable challenges. Moreover, the creation of the Taskforce provides a mechanism by which we can focus our efforts and build momentum toward realizing the potential of impact investing,” said Bannick.