Resources' Effect on Social Cooperatives' Operations
Impact4Coop Strengthens Social Cooperatives with 2.2 Million Euro Investment
Impact4Coop, an impact investing program focused on the third sector, has announced a significant investment in social cooperatives across Italy. The Fondazione Social Venture Giordano Dell'Amore, the strategic and operational arm of Fondazione Cariplo in the field of impact investing, has committed a total of 2.2 million euros to these cooperatives.
The investment operations will be conducted in an impact investing logic, aligning financial goals with social objectives to foster sustainable and systemic change in social enterprises. This approach aims to preserve and strengthen the social impact produced by the services provided to communities and the creation of job opportunities, with a particular focus on the employment of vulnerable people.
Since its launch in 2021, Impact4Coop has been contributing to the capital strengthening of social cooperatives. By June 2023, the foundation had invested 500,000 euros in 8 social cooperatives, including Alice, Chico Mendes, La Miniera di Giove, and Vesti Solidale, among others. The "Impact Grant," a financial tool that transforms part of the investment in equity into a non-repayable contribution if pre-agreed social impact objectives are met, was experimented with in the investments in Vesti Solidale and Alice.
The applications received by Impact4Coop cover various fields, including reintegration (43%), socio-educational services (21%), socio-assistance (14%), and other sectors (21%). The foundation has approved investment in another 4 social cooperatives (Aeper, Auxiluim, Il Ponte, and Pandora) and is currently analyzing other applications in preparation for potential investment decisions.
Impact4Coop's deliberate investments are strategic, balancing financial sustainability and social impact, and enhancing the capacity of social cooperatives to achieve their missions. For a more comprehensive understanding of the Impact Logic and Deliberated Investments specifically associated with the Impact4Coop program, one might need to access full program documentation or official Impact4Coop publications outlining their investment criteria, impact measurement approaches, and specifics on how investments are deliberated and managed in the Italian social cooperative context.
[1] Source: Impact4Coop Program Information
Investing in these social cooperatives is part of Impact4Coop's strategy, as they aim to improve their financial status while maintaining a focus on creating social impact. This program, by aligning financial goals with social objectives, works towards fostering sustainable change in the business sector.
The strategic investments made by Impact4Coop, such as those in Aeper, Auxiluim, Il Ponte, and Pandora, aim to enhance the capacity of social cooperatives to achieve their missions, thereby contributing to job opportunities and community services.
