Raintree Foundation, a dedicated non-profit organization committed to building climate resilience in the Western Ghats, has achieved a significant milestone by being registered on the BSE Social Stock Exchange. This platform, which fosters transparency and collaboration between society and the marketplace, offers an alternative fundraising option for social enterprises. Registration on the BSE Social Stock Exchange opens new doors of opportunity for the Raintree Foundation to amplify its efforts in creating positive social change and combatting climate change.
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Fostering Climate Resilience through Sustainable Landscape Management
At the heart of Raintree Foundation’s mission is the implementation of its flagship model known as “Sustainable Landscape Management.” This model, based in Velhe, Maharashtra, addresses the pressing challenges presented by climate change. By adopting innovative strategies and involving local communities, the Foundation aims to create sustainable, resilient, and vibrant ecosystems that benefit both people and the planet. The Foundation recognizes that the regeneration of ecosystems and the development of living landscapes play a crucial role in combating climate change.
Ringing the Bell of Accomplishment
Kiran Vernekar, the Global CEO of Raintree Foundation, expresses great pride and accomplishment in being registered on the BSE Social Stock Exchange. This milestone not only signifies the Foundation’s success but also serves as a beacon of hope for the entire social impact sector. Access to the SSE unlocks a multitude of opportunities, empowering the Foundation to leverage innovative financial models and resources effectively. This newfound support will enable Raintree Foundation to catalyze meaningful transformations and garner the necessary visibility and support for its social initiatives.
Forging a Brighter Future
Abha Dandekar, Director of Raintree Foundation, emphasizes the Foundation’s commitment to utilizing the registration on the SSE to drive meaningful transformations. The goal is to ensure that social initiatives receive the support and visibility they deserve. With the SSE as its ally, Raintree Foundation is poised to make an even greater impact on the lives of those they serve. The Foundation is dedicated to forging a brighter future for all by actively promoting community stewardship and responsible care for the planet.
The Significance of the BSE Social Stock Exchange
The establishment of the BSE Social Stock Exchange (SSE) in India holds great significance in the realm of social change and sustainable development. While the concept of SSE is relatively new in the Indian context, it has gained recognition globally as an innovative platform for driving positive social impact.
Introduced by Finance Minister Nirmala Sitharaman in the Union Budget speech for the financial year 2019-20, the SSE aims to foster collaboration between the public and social enterprises. It provides a dedicated space within the existing stock exchange where social enterprises can raise funds and connect with investors who are specifically interested in supporting social causes.
The SSE serves as a transformative platform that promotes transparency, accountability, and collaboration between society and the marketplace. By facilitating the listing and trading of securities of social enterprises, the SSE creates a mechanism for channeling investments into projects that generate social and environmental benefits. This platform empowers social enterprises to access a broader pool of capital and resources, enabling them to scale their operations and have a greater impact on society.
