Stock exchanges worldwide increasingly support investing in social impact
Author: Sarah Shearman and Annie Banerji, Thomson Reuters Foundation, Published on: 20 August 2019
"ANALYSIS-Want to invest responsibly? A new breed of stock exchange aims to help", 12 July 2019
A new breed of market is springing up from Scotland to India to... help [investors] identify investment opportunities - and make it easier for organisations that seek to do good to raise funds... Scotland's first new stock exchange in nearly 50 years... will require listed companies to report the impact they have along with their financial results, said founder and chief executive Tomas Carruthers... Meanwhile, India's government... unveiled plans to open an electronic platform to enable social enterprises... to raise capital. They follow initiatives in Canada and Singapore... Carruthers said he aimed to "improve the possibility for brand new businesses to be created which will address socially [and] environmentally important problems... There are plenty of people looking to achieve impact in their portfolios... But they feel there is a shortage of opportunities to invest capital."... Finance Minister Nirmala Sitharaman said the [Indian] government wanted to "meet various social welfare objectives related to inclusive growth and financial inclusion"...