The Social Investment Leveraging Index, which was launched at the 14th EVPA conference in Warsaw, indicates that the average budget for venture philanthropy and social investment funds in 2017 was €10.7 million – nine per cent more than the previous year.
Only seven per cent of money allocated for this purpose went to Central and Eastern Europe, although it two years ago it was only two percent. While this signals strong social investment potential, this increase was mainly due to the larger expenditures of local investors.
‘Social investing is gaining traction, and for good reason. At its core, it lies in the middle of the spectrum between traditional investing and innovative ways of solving various societal challenges. It allows for the utilization of advanced financial instruments to not only maximize profits, but also have social or environmental returns.’ says Irena Pichola, Partner, Leader of the Deloitte Sustainability Team in Poland and Central Europe. ‘And while it is very popular in Western Europe, our region is in an early stage of development. The report shows that minimizing social problems in Central and Eastern Europe will affect the development of the region and further integration of the entire continent’ adds Pichola.
Created by the consulting company Deloitte in cooperation with the European Venture Philanthropy Association (EVPA) and the Global Social Entrepreneurship Network (GSEN), the Deloitte Social Investment Leveraging Index (DSILI) shows that social investments in Central and Eastern Europe may have potential return on investment and have a significant social impact.
Download the full report here: https://www2.deloitte.com