TELUS launches new $100 million social impact fund to invest in new sustainable businesses with bold ideas to drive social change - Seite 2

“As a leading corporation in the world, we have an accountability to invest in new responsible businesses to ensure their success and impact,” said Jill Schnarr, Chief Social Innovation Officer. “At TELUS, we boldly believe profit and purpose are mutually inclusive and we’re doing our part to support purpose-driven businesses that are addressing the needs of our communities today, as well as those we expect to be significant drivers of our economy for years to come.”

The TELUS Pollinator Fund for Good is proud to announce three cornerstone partnerships:

• Windmill Microlending is Canada’s largest microlending program, offering microloans and individualized learning plans to help skilled immigrants and refugees continue their careers in Canada. On average, clients’ incomes increase 3.4x upon completion of the learning plan.
• Rhiza Capital is a Sunshine Coast-based impact investment fund that invests in B.C.-based companies that drive both social and economic impact within the regions that they serve.
• Tidal Vision is a US-based company that has developed a proprietary process for upcycling crustacean shells to develop a non-toxic, zero waste biopolymer that has applications across many industries, including textiles, agriculture, and wastewater treatment.
  
  

“As a global leader in social capitalism, we believe that responsible business means purpose and profit go hand-in-hand. The investments made by the TELUS Pollinator Fund for Good aren’t restricted to Canadian-based companies driving social innovation; it’s open to entrepreneurs worldwide looking to scale and grow their impact in Canada,” said Blair Miller, Managing Partner. “We look forward to working with our partners and advisors to identify and support purpose-driven companies doing good around the world.” 

Since 2000, TELUS has contributed $1.3 billion in value, time, and financial support to Canadian charities and grassroots organizations, making TELUS one of the most giving companies in the world. The new TELUS Pollinator Fund for Good is an extension of TELUS’ continued commitment to lead the charge in social capitalism through new investments in socially innovative and responsible products to drive financial return and economic growth while providing portfolio companies with the expertise and support from a world-leading communications and information technology company.