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Social stock exchange to begin in 2009
By Helen Warrell, Third Sector Online, 4 April 2008
The Rockefeller Foundation is to donate $500,000 (£249,900) to back research into a social stock exchange for UK social enterprises.
The exchange is being developed by social investment experts Mark Campanale and Pradeep Jethi as a means of improving access to finance for social businesses (Third Sector, 5 December 2007). They plan to use the Rockefeller funds for an extensive research project that will profile social enterprises and investors, assess market interest and examine the scale of potential social impact.
The founders expect to complete their research at the end of this year in order to launch the exchange and begin trading in 2009. However, this is dependent on receiving FSA and regulatory approval.
Speaking at last week’s Skoll World Forum on Social Entrepreneurship, Antony Bugg-Levine, managing director of the Rockefeller Foundation, said. “A UK-based social stock exchange has the potential to create the leading global platform that will enable impact investors to invest in companies and non-profits that generate social value as well as financial return.”
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David Kam, 6 April 2008, 21:59
As for the development of a social stock exchange for U.S. and Canada, we are setting up North America's first social stock exchange connected to a green social network, called the Green Stock Exchange (GREENSX) at: http://greensx.com.The Green Stock Exchange will be launched in the Summer of 2008 to begin trading, one year ahead of such an exchange in UK. It will trade shares in social businesses. A social business is a business that makes a profit, but benefits society as well. We have a triple bottom line (economic + social + environmental).
Since all the listed companies on the exchange are pre-screened, evaluated, and audited according to social and sustainable guidelines set by the exchange, it will make it much easier for green investors to find and support social businesses. The GREENSX provides opportunities for small green Issuers to access public equity capital efficiently, while providing early stage investors, angel investors, and venture capitalists with greater liquidity.
This includes a eBAY.com trading system for carbon credits.
It is still in the beta stage testing. Check it out at: http://greensx.com.
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Omotolani Sulu, 7 April 2008, 12:30
Count 50plus Employment Link interest in follow up to 2009 in.[Report this post]