Good Energy becomes founding member of Social Stock Exchange
Good Energy, the Chippenham-based renewable electricity supplier, has become a founding member of the Social Stock Exchange – a new platform designed to connect the public financial markets with social impact investment.
The Social Stock Exchange aims to make it easier for investors to find and learn about publicly listed organisations, such as Good Energy, that deliver both a financial and social return.
Juliet Davenport, CEO and founder of Good Energy Group plc said: “As an ethically and socially responsible company, Good Energy is proof that a business can be commercially successful because of those values, not despite them.
“We hope that we serve as an example of how consumer power can be harnessed to deliver wider social and ethical objectives that make a lasting difference to the world we live in.
“Good Energy is proud to be a founding member of the Social Stock Exchange. This is our way of helping set the standard for impact reporting, and making it easier for investors to make the right choice.
The Prime Minister David Cameron launched the Social Stock Exchange (SSE) on Thursday (June 6) and, in a speech ahead of the G8 summit, he said that the SSE demonstrates that the UK is at the heart of financial innovation and social investment.
The Social Stock Exchange makes its companies social and environmental impact information accessible to everyone, allowing investors to make an informed decision that is aligned with their values.
Impact investments are investments intended to create positive social or environmental impact as well as a financial return.
Juliet said: “At Good Energy we know that our customers value our environmental agenda as highly as our competitive prices.
“The creation of the Social Stock Exchange is evidence that consumers increasingly want businesses to demonstrate their social impact and investors are ready to respond.”
The SSE is supported by a number of high profile organisations including the London Stock Exchange, City of London Corporation, Big Society Capital and the Rockefeller Foundation.