Raintree Foundation gets registered on BSE Social Stock Exchange: To focus on Climate Resilience, Growth

The Social Stock Exchange (SSE) is a part of the regular Stock Exchange that helps social enterprises collect funds from the public using the stock exchange process. It offers an alternative way for these enterprises to raise money. In simple terms, SSE acts as a bridge between social enterprises and potential fund providers. The concept of SSE was introduced by Finance Minister Nirmala Sitharaman in her Union Budget speech for the fiscal year 2019-20. The objective was to promote collaboration from the public with social enterprises to support development of social change initiatives across India.

The Raintree Foundation has achieved a significant milestone by registering with the Social Stock Exchange (SSE). For Raintree Foundation, this registration marks a crucial step in their mission to build climate resilience in the Western Ghats and across India.

The foundation's participation in the SSE opens doors to diverse investors and enhances visibility, enabling it to expand its vital conservation work and garner support from potential donors and partners.

The Significance of Registration with the SSE

In an interview with CSRBOX, Kiran Vernekar, Global CEO of Raintree Foundation said “By being a part of the exchange, we can now tap into a diverse pool of investors. This alternate funding will be used to scale up our work and extend our reach to even more communities in need.”

“In addition to funding opportunities, registration on the SSE will enhance the visibility of the Raintree Foundation. As our presence on this platform increases, we will attract the attention of potential donors and partners who are actively seeking impactful projects to support. This increased visibility will not only strengthen our network but also enable us to forge new collaborations and partnerships that will amplify our collective efforts.” he added.

One of the primary benefits of joining the SSE is the opportunity to secure alternate funding sources. With increased financial support, the Raintree Foundation can scale up its efforts in habitat protection and livelihood preservation in the Western Ghats. The foundation's sustainable landscape management initiatives, such as agroforestry, watershed restoration, and sustainable agriculture, can be expanded to cover larger areas, ensuring the long-term conservation of the region's natural resources.

Extending Reach to Communities in Need

With access to a diverse pool of investors, the Raintree Foundation can extend its reach to even more communities in need. The additional funding will empower the foundation to implement community-based adaptation strategies, including water harvesting, cultivation of drought-resistant crops, and early warning systems to address climate change impacts effectively. These initiatives will help vulnerable communities become more resilient to the challenges posed by a changing climate.

Enhanced Visibility and Partnerships

When asked about the partnerships and visibility of the foundation, the CEO answered, “Registration with the SSE will significantly enhance the visibility of the Raintree Foundation. As it gains a stronger presence on this platform, it will attract the attention of potential donors, philanthropic organizations, and partners who actively seek impactful projects to support.” The increased visibility will create new opportunities for collaborations and partnerships, amplifying the collective efforts to protect the Western Ghats and promote sustainable livelihoods.

Raintree Foundation's Commitment to the Western Ghats

The Raintree Foundation's role in habitat protection and livelihood preservation in the Western Ghats is of utmost importance. “Through sustainable landscape management and community-based adaptation, the foundation is actively contributing to the conservation of the region's biodiversity and supporting local communities to thrive amidst environmental challenges " he shared.

Expanding Operations for Climate Resilience

In future, Raintree Foundation have ambitious plans to expand its operations to various Eco sensitive areas that urgently require intervention to combat the impacts of climate change. By extending its activities to such regions, the foundation aims to strengthen climate resilience and ensure the preservation of invaluable ecosystems for future generations.

Conclusion

The Raintree Foundation's registration with the Social Stock Exchange is a significant step towards advancing climate resilience and impactful conservation efforts in the Western Ghats and beyond. By tapping into a diverse pool of investors and increasing its visibility, the foundation is well-positioned to expand its vital conservation work, protect natural habitats, and support sustainable livelihoods for communities in need. With continued regulatory support from the government, especially in enforcing environmental laws, the delicate ecosystem of the Western Ghats can be safeguarded, ensuring long-term preservation for generations to come.