The Calouste Gulbenkian Foundation is funding a new research project to support the development of a Financial Services Authority-regulated global social stock exchange that will allow investors to trade exclusively in companies with social and environmental goals. The project being undertaken by the charity CAN in partnership with the Social Stock Exchange is focused on creating a set of rule books (legal and procedural documents that govern the conduct of companies listed on exchanges) for the Exchange that will require companies to be more transparent about their social impact. Chief of CAN, Andrew Croft, describes the venture as “an important step in encouraging investment in companies trading for financial and social benefit”. The end goal of this research is “to help socially-minded companies - essentially market-led businesses that prioritize social mission rather than just profits - to raise equity and gain access to capital in order to fulfill their social goals” Anne Nicholls, CAN.
To read more check out the Social Enterprise Live website.
