Creating a Truly “Social” Stock Exchange

India is gearing up to set up a Social Stock Exchange (SSE) on the recommendation of India’s Finance Minister in 2019. After the initial suggestions by the Working Group in 2020, a new Technical Committee constituted by SEBI is expected to release more granular recommendations soon. SSEs are still in a nascent stage of development, having come into existence less than two decades ago. Only three out of seven SSEs are still active across the globe.

At this critical inflection point, the International Centre for Not-For-Profit Law (ICNL) and Samhita Social Ventures have undertaken an extensive research study to review seven SSEs (in Brazil, Portugal, South Africa, Jamaica, the UK, Singapore and Canada) to provide the most comprehensive analysis so far and offer suggestions for India’s SSE.

This report also analyses the recommendations of the first Working Group in relation to setting up India’s SSE.

Reimagining philanthropy: From control to agency

More often than not, in our discussions about systemic change, we overlook discussions about our personal contributions in those changes. We expect civil society organisations and political leaders to dare greatly, but usually ignore the role of funders in collaboration, risk-taking, and trust building. 

At Samhita, we have always believed that

Align your employees with a broader purpose

“Employees are agitating for decisions and behaviours that they can be proud to stand behind and gravitating toward companies that have a clear, unequivocal, and positive impact on the world. Organizations turning a blind eye will face inevitable blowback”.

Read McKinsey & Company’s insightful article ‘Purpose: Shifting from how to why

Enabling Stakeholders to Take Purposeful Action for Large-Scale Social Impact

“Beyond CSR, we believe in companies integrating social responsibility into their business practices. We have developed the Responsible Corporate Citizenship Continuum (RCCC) to articulate the role of the private sector in society and to provide companies with a framework to conceive human rights and social and environmental responsibility in their business practices as well as CSR.”

Priya Naik, Founder and CEO, Samhita Social Ventures is interviewed by CSR Mandate where she shares Samhita’s strategies and learnings over the last 10 years while collaborating with a variety of stakeholder such as companies, social enterprises, NGOs, governments, multilaterals and donors. Samhita has curated a number of collaborative platforms to address challenges such as gender inequality, water and sanitation and sustainable livelihoods, with each contributing stakeholder honing their core competencies to collectively create significant impact. In response to COVID, Samhita set up the India Protectors Alliance (IPA) to provide support and equipment to India’s frontline health care and sanitation workers, and REVIVE to pave the path for sustainable recovery of jobs and livelihoods by providing financial and technical assistance.

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