03.03.08
More UK Rumblings on a Social Stock Exchange
The UK is certainly ramping up its support for social enterprises. Gordon Brown recently annouced the establishment of a $20MM risk fund as part of a wider effort by the government to encourage social enterprises. Other activities include helping social enterprises compete more effectively for the (approx) $310BB annual spend on goods and services by the UK goverment - and supporting a new bank for social enterprises which would be initially funded from dormant bank accounts (see the task force 2007 report on establishing a social investment bank). Further, the minister for the Third Sector again repeated his support for a new social stock exchange for larger social enterprises (such as Divine Chocolate and Cafe Direct).
emc2 said,
March 29, 2008 at 3:56 am
Thank you for your wonderful story.
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, which will be launched in the Summer of 2008 to begin trading.
The Green Stock Exchange 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.
The Green Stock Exchange also includes a eBAY.com trading system for carbon credits.
We have not made any press releases yet, so nobody knows about it yet. It is still in the beta stage testing. Check it out at: http://greensx.com.