Green Exchange PBC

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Green Exchange PBC
Headquarters Chicago, IL
Key People Daniel Labovitz, CEO

Green Exchange PBC is a community of businesses committed to environmental sustainability, profit & positive social impact. Based in Chicago, it is backed by a consortium of environmentally oriented investors.

A LEED Platinum certified redevelopment project, the Green Exchange was once an empty and deteriorating former factory. The building has been completely renovated and is now listed on the National Register of Historic Places and is a designated Chicago Landmark.[1]


History[edit]

The Chicago building now known as Green Exchange was originally constructed in 1913-1914 by the Vassar Swiss Underwear Company for the production of union suits. The design was a collaboration between the architect Lawrence Gustav Hallberg Sr. and his son-in-law Stewart Hodges. The Vassar Swiss Co. remained in the building until 1967, when its parent company relocated to Texas. The building was then sold to Frederick Cooper Lamps, which operated the Logan Square factory until 2004 when the company announced it was relocating to China.[2]

In September 2022, Green Exchange PBC applied with the SEC to launch a new exchange called Green Impact Exchange, or GIX, catering to environmentally minded companies and investors. GIX is expected to launch in 2023 if the SEC approves. Under GIX's proposed model, companies wouldn't need to leave their main exchange to list on the Green Impact Exchange; instead, they could be dual-listed on either the NYSE or Nasdaq as well as GIX. GIX would be the first registered exchange dedicated to bringing together green investors and public companies who are committed to green corporate governance, the company said.[3]

Products and Services[edit]

Key People[edit]

Richard Ketchum, former CEO of the Financial Industry Regulatory Authority (FINRA), is an advisor to GIX.

References[edit]