Do We have Social Stock Exchange in other Countries ?
Many SSEs have emerged across the world over the last two decades. Brazil was the first country to have a SSE, set up in 2003. Since then, many countries, like Canada, the United Kingdom (UK), Singapore, South Africa, Brazil, and Kenya, have also followed with their own models. Most of these came up in the first few years of this decade and are still in an early stage.
One of the most successful SSEs is Singapore’s Impact Investment Exchange Asia. Set up in 2013, the public SSE is helping raise an impact investment capital of around $40 million and has built a network of over 30,000 partners. By 2016, the SSE has already raised a capital of $12 million resulting in 26 deals.
The UK’s Social Stock Exchange, which was also set up in 2013, has started delivering. In 2016 alone, its members raised £400 million for, among other things, affordable housing, clean energy, and new healthcare facilities.
Therefore, a number of countries have tried developing SSEs and they have worked too. But a lot depends on the framework, and little is know about India’s plan so far. Studying successful SSE models around the world should be the first step in the development of India’s own SSE.
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