Impact Exchange

Impact Exchange is the world’s first Social Stock Exchange
dedicated to connecting impact enterprises
with capital that reflects values.

Impact Exchange is a joint initiative between the Stock Exchange of Mauritius (SEM) and IIX. Mauritius is a leading financial hub for investment in Asia and Africa. By taking the lead in supporting Impact Exchange, SEM is working to ensure that the capital markets actively provide the infrastructure and systems necessary to create an organized, fair and regulated market that will bring Impact Issuers and Impact Investors together from across the globe. Impact Exchange operates under the SEM’s regulatory framework governed by the Financial Service Commission Mauritius. IIX conducts pre-screening of potential issuers on the impact eligibility criteria and provides recommendations based on this assessment to SEM. IIX also monitors continuing social and environmental listing obligations of issuers listed on the Impact Exchange.

Why Invest?

Mission Driven Investments

Investing in social change enables you to harmonize social and environmental impact with long-term financial goals, and simultaneously support organizations that reflect your values.

Social ROI

Social Return on Investment reveals the economic value of an organization’s social and environmental outcomes. It offers investors the ability to determine the value of impact created for every dollar invested.

Be Connected through Impact Exchange

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Access and exposure to potential investors:

We have a global and diverse audience of accredited impact investors looking to invest in the Asia-Pacific region.

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Increased credibility:

All Entrepreneurs undergo a stringent screening process to assess the sustainability and scale of their impact, which leads to added credibility with investors.

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Diverse sources of capital:

Flexibility to raise equity, debt or other forms of capital from a diverse range of investors including accredited high net worth individuals, family offices and impact investment funds.

Business support:

Receive guidance and support in finalizing key investor documents and in deal facilitation.

Get Listed

FAQ for Potential Issuers

Why list in Mauritius?

Mauritius is a leading financial hub for investment in Asia and Africa. Over the years, SEM has been at the forefront of innovation in the Exchange space in Africa, emerging as a reference Exchange on the African continent. SEM is today one of the leading frontier Exchanges and a full-fledged member of the World Federation of Exchanges (WFE). SEM is presently actively pursuing its internationalisation strategy, which is aimed at moving up the value-chain of products listed/traded on the SEM platform and setting the stage for the Exchange to gradually emerge as an attractive listing, trading and capital-raising platform offering international and multi-currency products.

By taking the lead in supporting Impact Exchange, SEM is working to ensure that the capital markets actively provide the infrastructure and systems necessary to create an organized, fair and regulated market that will bring Impact Issuers and Impact Investors together from across the globe.

SEM is fully supportive of the vision of “”Maurice, Ile Durable” (“Mauritius, sustainable island”)”, and supports the emergence of Mauritius as sustainable island by providing a global marketplace to support sustainable investment for social and environmental impact throughout the continent, the Asia Pacific and beyond.

For more information, please visit www.stockexchangeofmauritius.com

What role does impact reporting play on Impact Exchange?

All (potential) issuers should not only have a specific positive social and/or environmental impact as its core mission but also demonstrate social and/or environmental sustainability via impact assessments, ratings or company certifications. These assessments, ratings and certifications should be instituted and supervised by accredited impact representatives (AIRs) with the same rigor as financial reporting. Issuers are furthermore required to publish impact reports on an annual basis. These reports need to be validated by an AIR.

How can I find out more about getting involved in social capital markets development?

There are many immediate ways to get involved, as an investor, social entrepreneur or just to find out more information! If you are an IE, you may be eligible to be profiled on Impact Partners to interested impact investors. Impact Partners is especially for IEs seeing to raise capital through a private placement is focused on IEs in the early growth stage of their development. To see if you qualify, please register here.

If you would like to connect and meet other like-minded individuals, IIX hosts annual Impact Investment Trailblazer Showcase, training workshops, conferences and related industry events where you can have the opportunity to pitch your business to investors. You can sign up for our mailing list here.

FAQ for Investors

How do I begin investing in Impact Enterprises (IEs) now?

While the Impact Exchange is designed to accommodate all investors, including retail investors, accredited Impact Investors can already make investments through IIX’s private platform Impact Partners. Impact Partners offers access to SEs from a variety of sectors and countries across Asia which are seeking to raise capital through private placements.

Impact Partners impact investor members include a wide range of investors including high-net-worth individuals, family offices, foundations, institutions and funds. The two main criteria for membership are that the investor: (1) seeks to make investments that promote social or environmental benefits with at least a portion of its portfolio and (2) is a sophisticated investor who is eligible to participate in private placements. As a result, Investor membership on Impact Partners is limited to investors who qualify as Accredited Investors or Institutional Investors, as the case may be, under the relevant laws of their jurisdiction of residence.

For more information on Impact Partners click here or register as an investor.

What is the difference between Impact Exchange and the Impact Partners platform?

Impact Exchange enables issuers to raise capital by issuing securities to a broader group of investors on a platform that will facilitate trading in listed securities. It provides exposure to a global base of impact investors looking for transparent and liquid investment opportunities.

Impact Exchange is focused on entities that target underserved population groups and/or environmental segments as its customers, employees and/ or other relevant stakeholders and have a segment of its operations located in Africa and/ or the Asia Pacific region, which could include manufacturing, sales and /or supply chain. The entities do not have to be registered or have their headquarters in the Asia Pacific or Africa.

Impact Partners is IIX’s private platform connecting sophisticated Impact Investors with a select group of pre-screened IEs that have proven positive social and/or environmental impact. Impact Partners focuses on profiling IEs seeking to raise capital through a private transaction. IIX also operates Impact Incubator through which early stage IEs can attract seed stage funding. If you would like to know more about Impact Partners or Impact Incubator, please contact us.

If the IE does not have an Impact Assessment, how can it receive one?

IIX prepares Impact Assessments for IEs. An Impact Assessment is highly recommended for IEs listed on Impact Partners because many impact investors utilize these assessments as a critical component of their investment decisions. Impact Partners also accepts impact assessments performed by other independent third parties, which meet standards of quality and utilize recognized methodologies.

What are the types of return on an impact investment?

Impact Exchange lists IEs that offer the prospect of achieving a positive social and/or environmental impact in addition to financial return.

As with any investment, the financial return that the investor achieves will depend on a variety of factors including the financial performance of the enterprise and the availability of a ready buyer if the investor wishes to sell the investment.

The social and/or environmental return on an investment is essentially the social and/or environmental value that an investment enables the IE to create.

A number of tools and methodologies exist for assessing the social and/or environmental impact. These include social metrics such as Impact Reporting and Investment Standards (IRIS), rating tools such as Global Impact Investing Rating System (GIIRS) and impact assessment principles such as those found in the Social Return on Investment (SROI) methodology. Impact Exchange provides information on the social and/or environmental impact of each Social Enterprise profiled on the platform using a selection of these tools and verified by independent third party AIRs.

IIX equips IEs with the tools and knowledge they need to measure and report their social impact. IIX employs its proprietary Sustainability Pyramid framework to analyze the full value chain of an organization and create an actionable gap analysis with recommendations to the IE. IIX calculates the value created by the enterprise and provides a measure of efficiency in mission realization.

How else can I find out more about getting involved in social capital markets development?

There are many immediate ways to get involved, as an investor, social entrepreneur or just to find out more information!  If you are an accredited investor or institutional investor, you can register on IIX’s private placement platform, Impact Partners, now and get immediate access to some of the most interesting IEs who are currently looking raise capital through private placements to deepen and scale their social/environmental impact in Asia.

If you would like to connect and meet other like-minded individuals, IIX frequently host free community events called Impact Chats which highlight some of the interesting trends, people and ideas making a difference in sustainable social and environmental impact.  You can sign up for our mailing list here.

For more information about Impact Exchange, contact us at info@iixglobal.com