What if you could get a money-back guarantee when funding impact?
Ten years ago, the first Social Impact Bond (SIB) was launched, kickstarting a movement for impact investing and outcomes-based financing for social impact organisations all over the world. By adapting the SIB model to the Asian context and building on hard won lessons in the field, a new evolution in social impact financing models called the Social Impact Guarantee (SIG) has been launched in Singapore, in support of a YMCA program re-integrating youths-at-risk into society though education or employment.
Through this SIG, impact-minded funders are offered a money-back guarantee on their funding while enabling social service providers to try new innovations. In the long term, SIGs can stimulate a new wave of sophisticated management of impact risk for public, private, and philanthropic funders alike.
In this webinar, find out more about the Social Impact Guarantee that can be used to help stretch funder dollars and capacity build to amplify social impact.
Pierre Lorinet is a non-executive Director of Trafigura Group Pte Ltd, Puma Energy Holdings Pte Ltd, COFCO International Ltd and Enterprise Singapore.
Pierre is also involved in the philanthropic sector as Chairman of the Lorinet Foundation and the Support for the Arts Fund (stART Fund) as well as a non-executive director of Tri-sector Associates, the Pioneer Facility and Trafigura Foundation.
Pierre’s personal philanthropic journey is centred on expanding the work of his family foundation. Lorinet Foundation’s mission is to support pioneering, impactful, and sustainable initiatives promoting education, employment, and access to clean water and energy for vulnerable communities in Mongolia and South East Asia.
Pierre graduated from Ecole Supérieure de Commerce de Paris in France and holds an MSc in Finance with distinction from Lancaster University in the UK. He lives in Singapore with his wife and 3 children.
Kevin is the Founder/CEO of Tri-Sector Associates, a Singapore social enterprise supported by the Singapore Economic Development Board that helps to create new models for the public, private, and people sectors to work together for impact across Asia. Tri-Sector has helped to launch the first Social Impact Bond in Hong Kong, the first recyclable grant fund in Singapore, and the first Social Impact Guarantee in the world.
Prior to founding Tri-Sector, Kevin worked in Boston at Third Sector Capital Partners, a leading US Social Impact Bond advisor, where he launched Social Impact Bonds in areas such as homeless and criminal justice.
He holds an MPP (Business and Government) from the Harvard Kennedy School, and a BA (First Class Hons) in Philosophy, Politics and Economics from the University of Oxford. In 2019, he was listed by Forbes Asia as one of its 30 under 30 social entrepreneurs.
Oxford Government Outcomes Lab
Mara Airoldi is Director of the Government Outcomes Lab at the Blavatnik School of Government. She is an Economist and a Decision Analyst by background with degrees from Bocconi University in Milan and the London School of Economics and Political Science.
Mara Airoldi’s research is motivated by a desire to improve decision making in government, with a special interest and extensive expertise in the field of healthcare. Mara Airoldi is one of the lead developers of the STAR toolkit, a socio-technical approach sponsored by the Health Foundation to improve resource allocation in healthcare organizations.
Mara Airoldi has worked extensively with managers of the English and the Italian National Health Systems. She has also consulted for the Ministry of Health and Long-Term Care in Ontario (Canada), the Home Office, the Ministry of Defence and the (then) Department for Environment, Food and Rural Affairs in England, NATO and the Global Fund to fight Aids, Tuberculosis and Malaria.
Chief Operating Officer,
Kevin Teo is the Chief Operating Officer at AVPN where he oversees the markets and digital transformation teams.
Prior to that, he was a Founding Partner of Volans, a Social Innovation company with offices in London and Singapore. Kevin was previously Head of East and Southeast Asia at the Schwab Foundation of Social Entrepreneurship and Global Leadership Fellow at the World Economic Forum. Prior to that, Kevin had a nine year stint in the enterprise software arena in Silicon Valley, Irvine and Austin. This included work at two Sequoia Capital startups that were acquired by Sun Microsystems and Symantec respectively.
Kevin is a Trustee of the Southeast Asian Service Leadership Network (SEALNet), a non-profit he co-founded in 2004. Kevin holds a Master of Gerontology from the Singapore University of Social Sciences, an MS in Information Networking from Carnegie Mellon University, and a BEng with Honors in Computing from Imperial College, London.