Date: 2024-10-08 Page is: DBtxt003.php txt00025160
MANAGEMENT METRICS
SOCIAL INVESTMENT
Boston Consulting Group / Big Society Capital ... The First Billion
SOCIAL INVESTMENT
Boston Consulting Group / Big Society Capital ... The First Billion
Open PDF: https://gsgii.org/wp-content/uploads/2017/06/billion.pdf
Open PDF: BCG-BSC-The-First-Billion-25160.pdf
Peter Burgess COMMENTARY
This idea ... Total Societal Impact introduced by the Boston Consulting Group and Big Society Capital was referenced to in an article written in 2018 by John Elkington on the 25th annniversary of his launching of his game-changing TBL or 3BL ... Triple Bottom Line ... initiative.
This is the introduction by Nick O'Donohoe to the BCG/Big Society Capital paper titled The First Billion authored by Adrian Brown and Adam Swersky.
I am having difficulty making the connection between my understanding of the Elkington TBL of the 1990s and this paper in part because of the deep 'financialization' of everything in the modern Western world post Thatcher and post Reagan. A table in page 24 that maps social, commercial and philanthropic is meant to clarify but really does the opposite
Since this paper was written, there has been a growing concern about environmental sustainability which is missing from the BCG/BSG paper of 2012.
In the relatively near future I will try to relate the 'detail' in this paper with the 'detail' that is being used to build out the TVM framing.
Peter Burgess
The UK is emerging as a pioneer in the use of private finance to deliver social good.
We boast an innovative social investment sector that created the world's first social impact bond; are witness to a growing ecosystem of social enterprises, financial intermediaries, and engaged investors; and enjoy broad-based political support for the social investment agenda. Closer to my heart, we are also home to a well-capitalised social investment wholesaler in the form of Big Society Capital, the world's first institution of its kind. A key question in my mind, as Big Society Capital makes its early investments, is what the market might look like in a few years time, and how big it might be.
These are the questions this report tackles head on. For the first time, this report provides us with a clear and logical approach to understanding the drivers of social investment demand. It applies this logic to provide a bottom-up forecast of what potential demand might be in the future. And it lays out the actions that we must take if this demand is to be translated into real, tangible deals that help the social sector to scale up and make an even more powerful difference to tackling social problems.
Those of us with a stake in this market have always believed that it has a huge potential. From a base of just £165M of deals in 2011, this report shows us that demand could reach £750M in 2015, and around £1B the following year, if current trends endure. This is encouraging news. Now we just need to make that demand real, and ensure the supply of capital is there to meet it. Nick O'Donohoe ... Chief Executive, Big Society Capital September 2012