TMX Group and MaRS join forces to drive impact investing in Canada
TORONTO, July 5, 2012 /CNW/ - TMX Group Inc. today announced its commitment to contribute to the development of the impact investing field in Canada as a founding supporter of the MaRS Centre for Impact Investing (the Centre). TMX Group will contribute funding, resources and leading capital markets expertise to the Centre, and will work to strengthen programs initiated by the Centre to mobilize private capital to tackle social and environmental problems.
TMX Group will collaborate with the Centre to identify new ways to connect capital with ideas that are intended to produce a positive social or environmental impact and have the potential for financial return. The impact investing market in Canada is currently estimated at approximately $2 billion and is projected to grow to approximately $30 billion in the next decade, according to the 2010 report of the Canadian Task Force on Social Finance.
"TMX Group is pleased to support corporate social innovation in partnership with the MaRS Centre for Impact Investing," said Ronald Alepian , Vice President, Group Head of Corporate Marketing & Communications, TMX Group. "The MaRS Centre for Impact Investing is the right institution with which to develop this transformative new opportunity for Canada. We've been active with the Centre from its inception and look forward to a long and productive partnership."
"MaRS is thrilled that TMX Group is a founding supporter in the MaRS Centre for Impact Investing," said Ilse Treurnicht, CEO of MaRS Discovery District. "The support and expertise of a global exchange leader will be invaluable as the Centre strives to harness the momentum of the impact investing agenda to tackle Canada's social and environmental problems in new and innovative ways."
Among other key initiatives, TMX Group will contribute to the development of an online investing platform to connect impact ventures, funds, investors and service providers. The platform is currently under development by the Centre and is set to officially launch later this year, pending approval from the Ontario Securities Commission.
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- Follow @TMXGroup and @SocialFinance for upcoming events and opportunities in your community
- About social finance, visit: www.socialfinance.ca
About MaRS
MaRS Discovery District (www.marsdd.com) (Twitter: @MaRSDD) is a mission-driven innovation centre located in
Toronto. MaRS works with partners to catalyze, accelerate and amplify
innovation. MaRS supports entrepreneurs building Canada's next
generation of growth companies.
About the MaRS Centre for Impact Investing
Opened in late 2011, the Centre for Impact Investing is a national hub
designed to increase the awareness and effectiveness of social finance,
which directs new capital, talent and initiatives toward tackling
Canada's most pressing social and environmental problems. Acting as a
neutral collaboration space, the Centre is designed for co-creation
between government, community and the private sector. The Centre builds
on the foundational work of MaRS and Social Innovation Generation
(SiG), including the landmark report by the Canadian Task Force on
Social Finance. For more information about the Centre and our other
founding partners, please visit http://impactinvesting.marsdd.com.
About TMX Group (TSX-X)
TMX Group's key subsidiaries operate cash and derivative markets for
multiple asset classes including equities, fixed income and energy.
Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Montreal
Exchange, Canadian Derivatives Clearing Corporation, Natural Gas
Exchange, Boston Options Exchange (BOX), Shorcan, Shorcan Energy
Brokers, Equicom and other TMX Group companies provide listing markets,
trading markets, clearing facilities, data products and other services
to the global financial community. TMX Group is headquartered in
Toronto and operates offices across Canada (Montreal, Calgary and
Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago)
as well as in London, Beijing and Sydney. For more information about
TMX Group, visit our website at www.tmx.com. Follow TMX Group on Twitter at http://twitter.com/tmxgroup.
SOURCE TSX Group Inc.
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