Review and contribute your own examples of the diverse range of investment products and strategies available in Canada and internationally to address migrant integration. The table is intended to provide examples only and it is not a comprehensive list. Please use the contact form below to contribute other examples to this list.
| MIGRANT LENS | MIGRANT POPULATION | EXAMPLES | RELEVANT ASSET CLASS / STRATEGIES |
|---|---|---|---|
| Access to capital | Individual migrants (for re-accreditation, workplace training, etc.) | Vancity Credit Union Jumpstart Micro-loan Program (CAN) Immigrant Access Fund (CAN) - loans guaranteed by HNWIs, Inspirit Foundation & Counselling Foundation Government of Canada supported 11 micro-lending programs for internationally trained newcomers for re-accreditation. | Private debt: Micro-loans for newcomers, and non-financial supports |
| Access to capital | Migrant & refugee enterpreneurs | Nova Scotia Loan Guarantee Program (CAN) – Immigrant stream | Private debt: Loans, up to $500,000, and business mentorship supports for newcomers |
| Access to capital | Refugee entrepreneurs | Refugee Integration Fund (EU) Alight Fund (US) | Private debt: for micro-finance institutions (RIF) and individual refugees |
| Workplace equity: Diversity in corporate leadership | All migrants facing barriers to equal employment opportunities | Shareholder Association for Research and Education (CAN) | Public equities: Shareholder engagement and public policy engagement |
| Workplace equity: diversity in capital allocation decision-making | All migrants facing barriers to equal employment opportunities | California Public Employees’ Retirement System Diversity & Inclusion (US) Illinois Municipal Retirement Fund’s commitment to hiring minority and women asset managers. | All investment / lending decisions across asset classes |
| Orgs or projects that benefit migrants | Labour market supports for migrants & refugees | Duo for a Job Social Impact Bond (Belgium) Finnish Sitra Social Impact Bond Massachusetts Adult Basic Education SIB (US) Community Employment Loan Program (CAN) | Private and Public Debt: Pay-for-success |
| Orgs or project that benefit migrants | Social enterprises serving migrants & refugees | UK Community Foundations "New Beginnings Fund"
| Private debt and private equity |
| Orgs or projects that benefit migrants | Low-income and vulnerable migrants | Commonweal Housing – Big Society Capital (UK) Vancity Credit Union $200,000 pre-development loan & grant for Refugee Welcome House and Ready to Rent interest-free Loan (CAN) Community Forward Fund (CFF) investment in OCISO Housing | Real property: Affordable/social housing Private debt: Interest-free loans (Vancity) and loans for housing cooperative (CFF) |
| Financial inclusion of migrants | All migrants | SHARE’s engagement with banks on financial inclusion (CAN) Taqanu Bank BanQu | Public equity (SHARE): engagement with lending institutions to encourage financial inclusion– responsible products and services targeted at migrants. |
| Human/labour rights abuses | Privately-operated detention centres for migrants | Australian Pension Funds (e.g., Hesta), Dutch PFs (ABP)– Divestment from Ferrovial (formerly Transfield Services) Nordea Asset Management engagement with G4S on abuse of migrant human rights. | Public equities: Shareholder engagement and/or Divestment |
| Human/labour rights abuses | Vulnerable migrant populations (e.g., temporary workers, undocumented migrants) | SHARE’s engagement with Brookfield AM on forced migrant labour | Public equities and infrastructure: Shareholder engagement |
| Human/labour rights abuses | Trucking companies, hotels & hospitality companies, who can help identify and prevent human trafficking | Mercy Investments Services (US) engagement on human trafficking | Public equities: Public policy and corporate engagement |
| Immigration policy reforms | All migrants | Collaborative engagement on comprehensive US immigration reform. | All investments: Collaborative investor engagement with policymakers |
| International development & employment | Syrian refugees living in neighbouring host countries (e.g., Jordan, Lebanon) | Convergence grant to Kois Invest for Development Impact Bond for refugee employment interventions | |
| Housing for migrants and refugees | Refugees in Canberra needing access to affordable housing | MARSS of the ACT Canberra | Rental properties, guaranteed bond |