The table below provides examples of the diverse range of investment products and strategies available in Canada and internationally to address migrant integration. As this is not yet a comprehensive list, you are welcome to contribute other examples using the contact form below.
|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)|
|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|