Social Stock Exchange Quarterly Update

Our last quarterly update was published just ahead of the Easter break, and it’s fair to say that the political landscape – especially when it comes to social equality – has shifted dramatically over the last three months. The snap general election delivered a result which couldn’t have been much further from the originally predicted landslide majority for the Conservative party, with Jeremy Corbyn’s populism proving to be a key vote winner. On a far more sombre note, the horrific tragedy of the Grenfell fire has put renewed focus on the catastrophic consequences of a society that simply focuses on the bottom line.

New Members

The following impact businesses have joined the ranks of the Social Stock Exchange since the last quarterly update in April:

Apta Biosciences has developed 3rd generation affinity molecules called “Seligos” and is using them to develop advanced diagnostics and drugs for a range of important disease areas.

AutoApproval supply new cars and light commercial vehicles to communities across the UK providing opportunities for inclusive and social-centric transport.

Enviu build markets and drive system change, by co-creating multinational social enterprises. These ventures improve the quality of life of large groups of marginalized people with common needs.

Humanitec provides user-friendly software to help civil society organisations create data driven impact. Humanitec delivers a single platform with solutions that improve data quality and traceability while making it easy to publish, share and learn from it.

International Ambulances has developed an all new innovative emergency ambulance that is designed from the ground up to save lives and provide demonstrably better outcomes for patients, paramedics and hospitals.

Nordic Blue will produce high quality, carbon neutral, synthetic fuels and other fossil replacement products based on water, carbon dioxide and renewable power.

ProCredit Holding is an international group of commercial banks serving small and medium-sized enterprises (SMEs) with an operational focus on South Eastern and Eastern Europe.

Take Stock is a B2B digital market for the food industry enabling customers to trade surplus food rather than waste it.

The Ecological Sequestration Trust is a UK based non-for-profit “Resilience Broker” set up in 2011 to speed up and scale up transformative city region development, by tackling more resilient development, climate change, and disaster recovery.

Videregen is a clinical stage regenerative medicine company using a proprietary stem cell based technology platform to develop a range of personalised organ replacement products for orphan (low incidence) indications.

Events Programme

Our annual Family Offices conference on May 10th headlined the events calendar for the quarter, with over 170 attendees present. A thought-provoking day of debate, key note speeches from Sandaire, a multi-family office and blue-chip banks including Barclays and UBS, panel discussions and networking ensued, leaving delegates with no doubt that the mindset as to how family offices can achieve impact is changing immeasurably.

The Impact Investor Club convened in May to hear from a number of stakeholders over the impact opportunities in Africa. The continent is home to 60% of the world’s undeveloped arable land, and with the global demand for food in the coming decades set to spiral, the question is when, not if, Africa becomes the next booming continent. Investing here isn’t without risk – delegates heard of the challenges faced by infrastructure projects not completing on time or disease wiping out harvests – but many of those companies finding success are doing so by engaging the local community at every step of the way.

A second Impact Investor Club session was convened with B Lab UK to spread the message of their community of organisations interested in profit with purpose. The assembled crowd were taken through what it is to become a B Corp and the benefits of investing in them. This was followed by a series of case studies both from the B Corps themselves and also from those who invest in these businesses.

The Social Stock Exchange’s summer member networking drinks were also well attended despite assorted transport issues on the evening, with Stefan Berg of EQS giving a short overview as to how his business is looking to challenge the more established market providers. EQS is an FCA-approved Primary Information Provider and with their news reach and intuitive online platform, they can help listed and private member companies of the Social Stock Exchange raise their profile in the financial market as well as increase investor reach. The offer includes a free press release and for our listed members, unlimited dissemination of regulatory announcements for four months free of charge. For more details, please contact Stefan.berg@eqs.com

Member news

We’re keen to help celebrate the achievements of our members, so if you have any news regarding awards you’ve won or other accolades you’ve received, please send them to Sara-Louise Porter or Tony Cross (email addresses can be found at the end of this release) and we’ll include as many as we can in the next quarterly update.

Last month, Thrive Renewables won the prestigious ‘Financial Leadership’ category at the Renewable Energy Association awards, recognising the company’s success in attracting positive investors to its accessible green energy bond and share offers.

Obtala was the winner of the Social
Stock Exchange’s Impact Company of
the Year award at the fifth annual Small Cap Awards dinner, held in London on June 22nd.

Our congratulations to Adviza’s CEO Katharine Horler, who was awarded the Order of the British Empire in the Queen’s Birthday Honours list. This was granted in light of her outstanding commitment to helping the lives of others.

Good Energy launched another bond offer in May, offering an annual 4.75% return over four years. Initially targeting £10 million, the offer finally closed having attracted over £16 million worth of funding.

Back in April, London Rebuilding Society announced the completion of its first Home Improvement Scheme project in East London, backed with pilot investment from Legal & General.

Point4 has been named as a finalist in FOUR categories (Environmental Impact, Best innovation contributing to customer

quality and reliability of electricity supply, Best innovation implemented by or adopted by a utility contractor and Best electricity network improvement) for this year’s UK Energy Innovation Awards. We wish them the very best of luck.

Finally, congratulations to Switchee, who won the Impax Ashden Award for Energy Innovation last month, with the company’s efforts to eradicate fuel poverty being heralded.

To stay up to date with developments before the next quarterly update in the Autumn, visit our website at www.socialstockexchange.com.

 

For more information please contact:

Sara-Louise Porter
Social Stock Exchange
T: +44 (0) 203 608 8841
E: s.porter@socialstockexchange.com