Sustainable Development Goals (SDG) | Volition LLP https://volitionllp.com Environment & Finance Thu, 07 Sep 2023 19:06:08 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://volitionllp.com/wp-content/uploads/2020/05/cropped-vol-icon-32x32.png Sustainable Development Goals (SDG) | Volition LLP https://volitionllp.com 32 32 How does a Social Stock Exchange work? https://volitionllp.com/how-does-a-social-stock-exchange-work/ Sun, 03 Sep 2023 20:04:37 +0000 https://volitionllp.com/?p=6281

A Social Stock Exchange (SSE) is a specialized financial market that connects investors with organizations that have a strong social or environmental mission. These exchanges aim to facilitate impact investing by providing a platform for socially responsible companies and projects to raise capital from like-minded investors. The SSEs instituted to date have functioned across the spectrum of impact funding, from simple grants to innovative finance to impact investment. Here’s how a Social Stock Exchange typically works:

1. Listing and Eligibility:

Social enterprises and organizations interested in raising capital through the SSE must meet specific eligibility criteria that demonstrate their commitment to social or environmental impact. These criteria may include demonstrating a clear social or environmental mission, financial stability, transparency, and governance standards.

2. Investor Participation:

Investors who are interested in supporting socially responsible initiatives can become members of the SSE. They may need to meet certain criteria or align with the exchange’s mission and values. These investors are typically looking to achieve a financial return on their investments while also making a positive impact on society or the environment.

3. Due Diligence:

The SSE conducts thorough due diligence on potential issuers (organizations seeking to raise funds). This process involves assessing the organization’s mission, financial performance, governance, and impact metrics. The goal is to ensure that listed entities are genuinely committed to their social or environmental objectives.

4. Listing and Trading:

After passing the due diligence process, eligible organizations are listed on the SSE. They may issue securities such as shares or bonds. Investors can then trade these securities on the exchange’s platform.

5. Impact Reporting:

Social enterprises listed on the SSE are often required to provide regular impact reports, demonstrating how they are achieving their social or environmental goals. This transparency helps investors understand the real-world impact of their investments.

6. Market Support:

Social Stock Exchanges may offer additional support to listed organizations, such as access to mentorship, networking opportunities, and resources to help them grow and fulfill their mission.

7. Secondary Market Trading:

Investors can buy and sell shares or bonds of listed social enterprises on the secondary market. The exchange facilitates these transactions, allowing for liquidity and price discovery.

8. Investor Engagement:

Some SSEs encourage investor engagement with the listed organizations. This can involve shareholders attending annual meetings or engaging in dialogues about the company’s impact goals and financial performance.

9. Regulation:

Social Stock Exchanges typically operate under the regulatory framework of their respective countries. They must adhere to securities laws and regulations, just like traditional stock exchanges.

10. Impact Measurement and Verification:

SSEs often work with third-party organizations to verify the impact claims of listed entities, ensuring that they are indeed making a positive difference in the intended areas.

 

The primary goal of a Social Stock Exchange is to channel investment capital toward organizations that are working to address social and environmental challenges while providing investors with opportunities to align their investments with their values. It’s worth noting that the specific operations and regulations of SSEs can vary by country and exchange, so it’s essential to research the requirements and offerings of a particular exchange if you’re interested in investing or listing a social enterprise.

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Policies to Achieve Sustainable Development Goals

The government has formulated policies to achieve Sustainable Development Goals (SDG) to mitigate the effect of Climate Change and build Sustainable cities and communities. The Government is implementing National Action Plan on Climate Change (NAPCC) which provides an overarching policy framework for all climate actions.

NAPCC comprises of eight core Missions in specific areas of:

  1. Solar energy
  2. Enhanced energy efficiency
  3. Sustainable habitat
  4. Water
  5. Sustaining Himalayan ecosystems
  6. Green India
  7. Sustainable agriculture and
  8. Strategic knowledge for climate change

33 States and Union Territories have prepared State Action Plan on Climate Change (SAPCC) consistent with the objectives of NAPCC. Despite having no binding obligation under the United Nations Framework Convention on Climate Change (UNFCCC), India announced its voluntary goal to reduce the emission intensity of its GDP by 20-25% by 2020 in comparison to 2005 level. India has achieved 24% reduction in emission intensity of its GDP between 2005 and 2016.

Under the National Clean Air Programme (NCAP), which is a national level strategy to reduce air pollution levels across the country, City Specific Clean Air Action Plans have been prepared and rolled out for implementation in 132 non-attainment and million plus cities. These action plans focus on city specific short/ medium/ long term actions to control air pollution from sources such as vehicular emission, road dust, burning of biomass/ crop/ garbage/ Municipal Solid Waste, landfills, construction activities, industrial emission.  Several Flagship schemes/missions or programmes to implement SDG 11 by other ministries are Swachh Bharat Mission – Urban (SBM-U), Atal Mission for rejuvenation and Urban Transformation (AMRUT), Smart Cities Mission (SCM), Pradhan Mantri Awas Yojana – Urban (PMAY-U) and Metro Rail Projects.  The government also supports the 10-Year Framework Programme on Sustainable Consumption and Production, for which Ministry had published draft notification of regulation on Extended Producer Responsibility (EPR) for Waste Tyre for receiving comments from public and ‘Guidelines on the EPR for Plastic Packaging’ under Plastic Waste Management Rules, 2016 has been notified. Recently the ministry has put ban on Single Use Plastics to make the environment healthier.

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And if she hasn’t been rewritten, then they are still using her. Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts.

Blind Text
The post Policies to Achieve Sustainable Development Goals first appeared on Volition LLP.]]> UNFCCC COP 27 and India’s promise to achieve carbon neutrality https://volitionllp.com/unfccc-cop-27-and-indias-promise-to-achieve-carbon-neutrality/ Mon, 07 Jan 2013 18:10:00 +0000 http://themenectar.com/demo/salient/?p=152 India's promise to achieve carbon neutrality - India’s vision and approaches towards reaching net-zero by 2070.

The post UNFCCC COP 27 and India’s promise to achieve carbon neutrality first appeared on Volition LLP.]]> UNFCCC COP 27 and India’s promise to achieve carbon neutrality

At the Conference of Parties (COP) to the United Nations Framework Convention on Climate Change (UNFCCC), the final outcomes are in the form of various decisions agreed to by consensus of all the Parties following extensive negotiations. The decisions carry varying degrees of commitments and responsibilities of Parties ranging from the purely voluntary or invitation to consider to the fully mandatory. Such decisions also carry caveats and exemptions under the principles of the Convention and the Paris Agreement, especially the principles of Common but Differentiated Responsibilities & Respective Capabilities in the light of different national circumstances, as applicable to developing countries. Based on the exact text of decisions in the light of these principles, India undertakes such actions as appropriate in fulfilment of its responsibilities.

Under the terms of the Paris Agreement, the Nationally Determined Contributions (NDCs) and Long-Term Low Emissions Development Strategy (LT-LEDS) are determined by countries themselves and communicated to the UNFCCC. In keeping with this, India has submitted its updated NDCs on 26th August 2022 and its long-term low carbon development strategy on 14th November 2022. These documents lay out India’s vision and approaches towards reaching net-zero by 2070, which are expected to evolve as necessary over time.

As per LT-LEDS, India’s vision of low carbon development is based on the need to ensure India’s high energy needs for development, including poverty eradication, achieving Sustainable Development Goals and economic growth. Further, it is necessary that the plan for the country’s energy security is based both on the expansion of non-fossil fuel sources for power generation and rational utilization of fossil fuel resources. Specific steps for such utilization include, inter alia, expanding renewables and strengthening the grid and focusing on demand-side management.

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