Raven Indigenous Impact Foundation’s Post

Excited to share the release of The State of Outcomes-based Finance in Canada report, where I had the privilege of co-authoring and conducting research alongside Aiden C. and Rebecca Waterhouse from the Raven Indigenous Impact Foundation. Grateful of Jeffrey Cyr of Raven and Janis Dubno, MBA of Sorenson Impact Institute for your continued leadership in advancing the ecosystem. For this groundbreaking report, the Raven Indigenous Impact Foundation and the Sorenson Impact Institute collaborated on a comprehensive research project focused on Outcomes-Based Financing (OBF) in Canada. Our study delved into how OBF is currently utilized in the country, examining its benefits, success factors, challenges, and opportunities. The report brings together stakeholder perspectives from Canada and other countries engaged in OBF, providing valuable insights to grow the sector. Additionally, the Canadian Outcomes-Based Finance Database was created by the Raven Indigenous Impact Foundation and the Sorenson Impact Institute to catalogue and centralize information on all OBF deals in Canada. These OBF deals involve both private and public capital, investors, and purchasers. The database serves as a valuable resource for understanding the landscape of outcomes-based finance in Canada, capturing details of various OBF transactions and their impact. I would like to extend my appreciation to the interview participants who contributed to this report. Their insights were invaluable in shaping our findings: Adam Jagelewski Brian Carriere, Ph.D. Darcy Wood Diane-laure Arjaliès Emily Gustafsson-Wright Eric Dillon Jory Cohen Louise Savell Mara Airoldi Mark Brown Rashmi Khare Shawn de Raaf Simone Greenbaum Gross Stephen Huddart Teresa Dukes Lastly, a heartfelt thank you to my colleagues at Sorenson who provided thought leadership, contributed to the amazing design, and played a crucial role in the success of this report: Erin Ram Kathryn Colton Ryan Perkins Robert Munson Valentin Olivry Trent Van Alfen Nzinga Broussard https://riif.ca/research/ #outcomesfinance #innovativefinance #impactfinance #socialimpactbond

This report and new database from Raven Indigenous Impact Foundation and partners is a first of its kind and important if you care about conservation finance innovations! I feel surrounded - everyday - by talk about the supremacy of carbon offsets and emerging biodiversity credits. Are these really the best we can do for humanity and Mother Earth? 💨 We must see beyond the singularity of carbon or biodiversity units if we want equitable nature markets that can transform our economies to support life. 🧡 There is a reason why 80% of the remaining biodiversity can be found in Indigenous stewarded and protected territories. Indigenous values, priorities and protections for Mother Earth are multi-dimensional, multi-faceted, generational and regenerative. 💹 No single unit of measurment will ever capture the essence of Indigenous leadership or generate the momentum needed to transform our broken economic systems. 🌞 This is why I support Indigenous led outcomes-based finance (OBF) as the multi-dimensional, regenerative financing approach we need to protect Mother Earth - for the 7th generation and beyond. Read the report: https://lnkd.in/gz2x_xCs #Indigenous #leadership #conservation #finance

I thoroughly enjoyed working on this report design for Raven Indigenous Impact Foundation. It was a great opportunity to not only showcase policy-changing research, but to also create something that uniquely represents their organization with visual design. A perfect combination in my book. https://riif.ca/research/

A national Indigenous loan program should be designed to foster Indigenous ownership unequivocally and encompass a diverse array of industries. It is imperative to recognize that the responsible exploration and extraction of natural resources, particularly within the realm of oil and gas, can yield economic benefits for Indigenous communities. In embracing the principles of self-determination, Indigenous workers and businesses are afforded autonomy and make informed decisions regarding the industries they choose to engage with. It becomes increasingly apparent that an inclusive approach—one that acknowledges the strengths of Indigenous self-determination and the potential for responsible resource development to drive economic growth—is not just a matter of policy but a fundamental step towards a more equitable and prosperous future for our communities. https://lnkd.in/gaB8uC73 #IndigenousOwnership #SelfDetermination #ResourceDevelopment #EconomicProsperity

Long-awaited details around the promised federal Indigenous Loan Guarantee Program are expected in Tuesday’s budget. JP Gladu BScF MBA ICD.D of Mokwateh and Chief Sharleen Gale of First Nations Major Projects Coalition wrote recently in The Globe and Mail that the program should be ‘sector agnostic.’ “If you support Indigenous rights,” they wrote, “then you support Indigenous rights to choose what projects they want to be involved in, wherever a business case can be made.” Gladu and Chief Gale note that Indigenous project ownership is “fast becoming a major international competitive advantage for Canada, as illustrated by a flood of deals happening across the country in the natural resource sector. It lowers project costs, mitigates conflict, reduces regulatory risk and creates spinoff opportunities for Indigenous nations to develop their own project-related supply chains.” To help facilitate those deals, Gladu and Chief Gale will be looking for ‘capacity dollars’ in the federal budget. “Recognizing that many Indigenous nations lack the resources to conduct initial due diligence on these megadeals (resources that industry partners already have in-house), the forthcoming program must include ‘capacity dollars’ to help build that internal know-how,” they wrote. The need is there. Research from FNMPC estimates that roughly $570 billion in capital investment will be required over the next decade on nearly 500 major natural resource projects that will affect Indigenous lands. While celebrating what Gladu and Chief Gale call Ottawa’s “laudable” commitment to support Indigenous ownership, they also hope the budget will “take meaningful steps toward making this commitment a reality.” “Ottawa has willing partners that are ready to advance meaningful partnerships that benefit all Canadians.” Read the full op-ed here: https://lnkd.in/ePUHQFDD Catch up on a compelling discussion about Indigenous ownership at PPF’s recent #CanadaGrowthSummit (the Indigenous ownership panel begins at the 9 minute, 29-second mark): https://lnkd.in/gxTCqKN3

Social Housing Decarbonisation Fund (SHDF) Wave 3: The Challenge Fund route explained 🔎 This is the route that the majority of applicants will likely be using to access part of the £1.25bn of Wave 3 funding coming later this year, and looks at projects with a minimum of 100 social housing properties between EPC D to G. A landlord or owner will need to provide a detailed and specific breakdown of the homes, as well as an in-depth cost breakdown and justification to back up spending decisions. Following this, analysis of the project’s strategic fit, a delivery forecast, commercial assurance, and delivery assurance must also be supplied. The application process will comprise this Initial Application stage as well as one or more subsequent Phase Request submissions - but these can only be limited to ten phases. Come and speak to us at Housing 2024, we have many years of experience in delivering SHDF projects and can help in how best to prepare applications for these projects. We’ve put together a comprehensive guide on our website, along with ways to contact us to discuss how we can support your SHDF Wave 3 applications: https://lnkd.in/eBJuuAqq #SHDFWave3 #SHDF #RetrofitDecarbonisation

Alberta and New Brunswick were the only two provinces to balance their budgets this year. As I said in my Budget 2024 address: "In Budget 2024, an additional $2 billion will be deposited into the Heritage Fund and it will continue to retain its investment earnings. This will increase the market value of the Fund to a forecast more than $25 billion. With these deliberate and meaningful deposits, the government is embarking on a plan that will return the Heritage Fund to its original vision of intergenerational equity, impact, and influence. Prior to the end of this year, government will release its long-term plan charting a path to a Heritage Fund worth between $250 billion and $400 billion by the year 2050." That's intergenerational fairness. Putting tens of billions of dollars of debt on the backs of our children and grandchildren is not. Canadian Taxpayers Federation Business Council of Alberta Business Council of Canada Derek Holt Scotiabank Gianfranco Terrazzano Danielle Smith Adam Legge IEDM - MEI The Fraser Institute C.D. Howe Institute

🌱 The Department for Energy Security and Net Zero has announced the successful bids for #SHDF Wave 2.2, offering £75 million in funding across 42 projects. Speaking to Inside Housing, Kate Henderson, chief executive of the National Housing Federation, said the funding “will give housing associations the certainty and confidence they need to plan and deliver more retrofit projects, tackle fuel poverty, and improve their residents’ homes”. Over 8800 homes across the country will benefit from energy-efficiency upgrades thanks to wave 2.2 funding. Switchee, included in numerous SHDF Wave 1 and 2.1 retrofit projects, look forward to working with housing providers to deliver safer, warmer, more sustainable properties for their residents in this round. In December 2023, the government allocated £1.25bn for the Social Housing Decarbonisation Fund (wave 3) to support up to 140,000 social homes to be insulated or retrofitted, improving energy performance and lowering bills. If you missed out on wave 2.2 but would like to bid for wave 3 and need more information, contact us to learn more about how we can support the evaluation of the retrofit measures, using real-time data. #Switchee #Retrofit #DataForGood #NetZero https://lnkd.in/eEiKNvis

Does Canada's pathway to shared prosperity run through Indigenous lands? For JP Gladu and Chief Sharleen Gale, empowering Indigenous nations to own natural resource projects is key to Canada's sustainable future. Both highlight the transformative potential of Indigenous ownership in reducing conflict and fostering economic growth. #indigenous #ownership #resources #canada

The Metis Settlements of Alberta have seen significant impact from their participation with #industry in Alberta Indigenous Opportunities Corporation loan guarantee backed #equitytransactions. The Government of Canada federal loan guarantee program will continue to unlock significant opportunities for #metis , #firstnations and #inuit communities. This program must support opportunities across a wide variety of industries and infrastructure, allowing #indigenouscommunities to choose where they want to invest including in Canada's #naturalresources sector. https://lnkd.in/gQ2Tc8FA