Cathy Pharoah: Hail to the Social Stock Exchange

Tuesday, June 18, 2013

The Social Stock Exchange has been a long time coming, and its arrival is something of a landmark. The concept was floated in the early part of the last decade, and I have always supported the idea because of the rigour it could bring to thinking about social investment.

It has not been easy to grapple with the ’social financial’ language, however attractive it is, and what it means when the word social is added to financial terms such as asset class, return, investment, capital, equity and business. We all think in a vague sense that we know the meaning of those words, but do we know what they precisely mean? Even ’social enterprise’, which has the greatest currency of all these terms, is still slippery. It is not an organisational form as such, and Social Enterprise UK says they come in all shapes and sizes. But the balance that needs to be achieved between social and financial targets to qualify as a social enterprise is still a pretty grey area.

Source: Third Sector (link opens in a new window)

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