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Social finance as it relates to crime prevention in Canada : Report of the Standing Committee on Public Safety and National Security

12 Feb 2015

SOCIAL FINANCE AS IT RELATES TO CRIME PREVENTION IN CANADA Report of the Standing Committee on Public Safety and National Security Daryl Kramp Chair FEBRUARY 2015 41st PARLIAMENT, SECOND SESSION Published under the authority of the Speaker of the House of Commons SPEAKER’S PERMISSION Reproduction of the proceedings of the House of Commons and its Committees, in whole or in part and in any medium, [...] In her opening remarks to the Committee, Kathy Thompson, Assistant Deputy Minister of the Community Safety and Countering Crime Branch, spoke of the growing costs of crime, the ability of governments to sustain those costs, as well as the impact of crime prevention initiatives on addressing criminal justice issues. [...] Thompson also highlighted the jurisdictional responsibility for the administration of justice: [T]he administration of justice falls back to the provinces, so in a lot of cases, because these initiatives have demonstrated that there is a reduced cost to the courts, to policing, to legal aid, for example, and a lot of those costs are provincial or municipal in some 8 cases, it’s in the interest of [...] The following definition of social finance was provided by the ESDC: Social finance is an approach to mobilizing multiple sources of capital to deliver a social dividend and an economic return in the achievement of social and environmental goals. [...] It is not simply the responsibility of the police or the courts to address crime, nor is it the responsibility solely 16 of the social sector to respond to the negative effects of crime.
health government politics economy finance crime investment business crime prevention employment government policy law public safety welfare parliament impact investing business finance society public sphere investor social impact bond social impact bonds social finance ocial finance
Pages
38
Published in
Ottawa, Ontario

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