Registrant : Organisation or self-employed individual
Sections
| Section: |
II - In-house lobbyists and trade/professional associations |
| and more precisely: |
Companies & groups |
Person with legal responsibility
| Surname, Name: |
Mr
Pradeep Jethi
|
| Position: |
Managing Director |
Permanent person in charge of EU relations
| Surname, Name: |
Mr
Mark Campanale
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| Position: |
Director |
Contact details:
| Contact details of organisation's head office: |
28 London Bridge Street
London SE1 9SG
UNITED KINGDOM
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| Telephone number: |
(+44) 7714 415262 |
| Fax number: |
(+) |
| Other contact information: |
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Goals / remit
| Goals / remit of the organisation: |
The Social Stock Exchange seeks to become a UK Financial Services Authority authorised and regulated investment exchange for the trading in securities of social enterprises and other social purpose businesses. Its goal is to become the premier trading venue for social businesses wishing to raise risk capital and for social impact investors who wish to find global businesses that reflect their values. Targeted sectors include affordable housing, social transport, ethical consumerism, cleantech, recycling, regeneration, public health, education, sustainable forestry and organic agriculture.
The business of the Social Stock Exchange (SSE) is to create a platform that allows trading of shares in social enterprises (SE’s) on a Financial Services Authority (FSA) regulated stock exchange. It is not a philanthropic clearing-house model, nor a closed access venue for private placement of shares.It is not intended to be a listing venue for general commercial companies with good CSR track-records. Instead, it is a listing venue for businesses that trade expressly to alleviate some of the world’s most intractable social issues that are not adequately provided for by government or the purely private sector. In time it will also be a listing venue for impact funds that wish to attract the retail, citizen investor.
The SSE is designed to provide global companies with access to capital, either through issuing equity or bonds - for organisations that are social purpose businesses. This is a fast-growing and vibrant marketplace but one whose access to equity and growth capital is poorly served at the present time. The SSE is designed to allow institutional and social investors to invest in global companies in order to gain “blended” outcomes: an expected return on investment plus some form of social return.
The SSE will provide a market mechanism that provides price discovery as well as valuation and trading of shares – and, in particular, an entry and exit route for investors’ social investments. In this respect it is intended to make it easier for individual investors as well as private client wealth or charity fund managers to find impact deals and allow for more practical portfolio management, for example by creating collective investment schemes. With an ability to ‘mark to market’ prices and obtain daily valuation points, the SSE’s pricing tools will make impact investing more democratically open to a wider range of investors. Pooled products and listable financial instruments such as social impact, social housing and microfinance bonds will be traded in future.
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The organisation's fields of interests are:
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Number of persons engaged in activities falling under the scope of the Transparency Register
| Number of persons: |
2
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Complementary information:
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Persons accredited for access to European Parliament premises
Activities
Main EU initiatives covered the year before by activities falling under the scope of the Transparency Register:
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The Social Stock Exchange has sort to provide input into the Proposal for a Regulation of the European Parliament and of the Council on European Social Entrepreneurship Funds. COM (2011) 862 final, 2011/0418 (COD)
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Fields of interest for e-mail alerts on consultations and roadmaps;
| Fields declared by the organisation: |
- Economic and Financial Affairs
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Networking
Information on (i) organisation's membership of any associations/federations/confederations or (ii) relationships to other bodies in formal or informal networks.
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The Social Stock Exchange is a member of Euclid, the European Network of Civil Society Professionals. We are also member of Social Enterprise UK coalition.
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Financial data
| Financial year: |
07/2011
-
07/2012
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Estimated costs to the organisation directly related to representing interests to EU institutions in that year:
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< 50000
€
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Amount and source of funding received from the EU institutions in financial year n-1 of registration
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Procurement:
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0 €
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Grants:
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0 €
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Other (financial) information provided by the organisation:
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The Social Stock Exchange was established by a grant from The Rockefeller Foundation in 2009 for £280,000. In March 2012, the Social Stock Exchange undertook an investment round led by Big Society Capital and the Joseph Rowntree Charitable Trust, both of the UK.
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