AVPN Global Conference 2023 | 20 - 22 June 2023


AVPN Webinar: Behind the World’s First Social Impact Guarantee

By Asian Venture Philanthropy Network (AVPN)



Date & time

(GMT +8)

06 October 2021



06 October 2021


About this event

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
Lorinet Foundation


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 Tan
Tri-Sector Associates


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.
Mara Aioldi
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.
Kevin Teo
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.

*Asian Venture Philanthropy Network (“AVPN”) is a non-profit registered charity in Singapore dedicated to the power of networks to mobilise capital for impact. Our signature events are intended to be neutral, non-political and non-partisan platforms for AVPN members, partners and other stakeholders to connect and share best practices, experiences and knowledge within the network for the development of an impactful social investment community. Participants should refer to the information provided prior to each session about the session’s speakers, objectives and topic, including the audience profile who are expected to attend, where applicable. Information shared by the speakers at AVPN events and conferences is provided by third-parties, and does not represent the views of AVPN on any matter. AVPN does not warrant the accuracy, completeness or usefulness of this information and is not liable nor responsible for reliance anyone may place on such information, participants should consume this information at their own risk. AVPN reserves the right to edit, cut down and adapt the content and materials at these activities to align with the stated agenda or purpose of the AVPN events or conferences. Any information or materials provided at these activities are only for information and knowledge sharing within the stated agenda or purpose and does not in any way constitute tax, legal, financial or investment advice, nor do they constitute offers, solicitations, or recommendations for any investment activity.

What you will learn

  • Learn about the design and implementation of the first SIG, and how it overcomes certain issues in the application of the SIB model
  • Understand possible scenarios where the SIG can be useful as an innovative social finance tool, and the benefits for each stakeholders
  • Get direct insights from the first SIG stakeholders on how the SIG could be applied by family offices, impact investors, governments, and insurance companies in the future as the SIG is scaled for wider adoption

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