“We became a Pioneer GIIRS Fund, because we feel that it is important as an impact investor to not only measure financial returns, but also our social and environmental performance. GIIRS will allow us to measure our impact in a way that is consistent with other leading impact oriented funds in the space."

- Joe Glorfield, Partner, TBL Capital


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Renewal 2
GIIRS Pioneer | Certified B Corporation
Fund Manager Name: Renewal2
Fund Manager Website: www.renewal2.ca
Rated: 11.16.2011

Fund Description

Renewal2 is a social venture fund dedicated to delivering financial returns by investing in leading environmental and social mission businesses in Canada and the USA.

Fund Mission

We believe that there must be a philosophical reinvention of where and how capital is deployed. Renewal2 will help catalyze the establishment of an emerging asset class of social venture financing. We will deliver superior financial returns by investing in businesses in Canada and the USA that provide the finest sustainability solutions.

Vintage Year


Geographic and Industry Investment Targets

Target Industry

Accommodation & food service | Agriculture, forestry & fishing | Human health & social work | Manufactured Goods | Retail | Wholesale

Target Industries Description

Primary Sectors:Green Consumer ProductsOrganic & Natural FoodGreen BuildingSecondary Sectors:Social FinanceSocial MediaEnvironmental Innovation

Investment Region(s)

North America

Countries of Investment

United States | Canada

Geographic Target Description

None provided

Impact Investment Targets

Impact Targets

Socially beneficial prod/serv | Environmentally beneficial prod/serv | Targeting the underserved | Socially beneficial supply chains | Environmentally beneficial practices

Socially Beneficial Products & Services

Economic &/or empowerment opportunities | Other

Socially Beneficial Products & Services Description

In Canada & US, our companies are often in underserved areas creating jobs and economic opportunities for workers. In emerging economies, we promote rural agriculture, support co-operatives and provide access to electricity for off-grid communities.

Environmentally Beneficial Products & Services

Renewable energy/Cleantech | Energy efficency | Waste reduction | Pollution prevention

Environmentally Beneficial Products & Services Description

Impact includes reducing pesticides in agriculture and chemicals in food, advancing sustainable farming/fishing practices, identifying non-toxic or energy efficient alternatives to traditional building/consumer products & reducing fossil fuel consumption.