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Corporate Social Responsibility (CSR) and Sustainability

A "Social Stock Exchange" for Ethical Investors

A "social stock exchange" where ethical investors can trade shares in worthy enterprises could be set up under plans announced on Friday.

The exchange would aim to combine profitable trading with social or environmental missions. Clean technologies, healthcare, first world development projects and help for disadvantaged communities would be included in the exchange.

The Rockefeller Foundation, one of the world’s best-known philanthropic organizations, is putting up $500,000 (£252,000) to pay for the feasibility study. If this identifies demand for a social stock exchange, the market would be launched next year.

Antony Bugg-Levine, managing director, said it chose the UK as the site for the feasibility study partly because of firm government support for social enterprise. “The government’s active approach to the third sector is creating a better environment than in some other countries,” he said.

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Comment by Erle Frayne Argonza on May 12, 2008 at 9:10am
Hmmm the Rockefeller people are on top of the 'oligarchic chain'. I wonder what is this CSR thing they're putting again. Stock exchanges are at the core of the predatory 'virtual economy', and I have no better wish then for a radical abolition of all stock exchanges in 2 decades' time. Will myself try to contribute to design innovations of systems that link up investors and corporate groups in need of fresh funds, without the need for stock traders.
Comment by Larry Catá Backer on December 18, 2008 at 6:56pm
An increasingly important investor segment are sovereign wealth funds. Norway's fund, for example, has gone a long way toward ethical investing. They might be key players in any efforts at creating specialized markets.


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