02.29.08

BLAB and the BX Public Stock Exchange for B Corporations

Posted in exchanges, rating agencies, funds at 6:45 pm by Andrea McGrath

Continuing good news in social capital markets developments. The Rockefeller Foundation - through its Impact Investing initiative (which is working to help facilitate the necessary infrastructure to develop more scalable, efficient social capital markets) - recently announced a grant in support of B Lab (B Lab in the nonprofit organization supporting B Corporations - see previous discussions of B Lab below). As Antony Bugg-Levine, Managing Director at the Rockefeller Foundation describes: “B Corporations are an excellent synthesis of the best innovative thinking of how enterprises can be better organized for both financial return on investment and greater transparency and accountability for social and environmental outcomes.”  Jay Coen Gilbert, one of the founders of B Lab notes that in addition to grant funding, Rockefeller has also introduced them to like-minded partners -such as the UK-based Social Stock Exchange (SSE) team headed by Mark Campanale and Pradeep Jethi - with whom they are working on the development of a public stock exchange of B Corporations (read the full article here).

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