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Devin D. Thorpe

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Impact Community Capital Names Michael Lohmeier As Chief Investment Officer; Matthew Berg As Senior Vice President & Counsel

New Appointments to Senior Management Team Will Support Company’s Expansive Five-Year Impact Investing Growth Strategy

Press Release – San Francisco, CA (August 16, 2017) – Impact Community Capital (ICC) announced today the appointment of two new additions to its senior management team: Michael Lohmeier, Chief Investment Officer and Matthew Berg, Senior Vice President & Counsel. Both Lohmeier and Berg will report to President and CEO Jeff Brenner, and will be key players in bolstering ICC’s expansive five-year impact investing growth strategy.

Established in 1998, ICC has provided nearly $1.5 billion in financing directed to benefit low-income families and communities. Projects include affordable multifamily housing, community healthcare facilities, childcare centers and other community facilities serving families and communities in 38 states plus the District of Columbia. ICC was founded by a consortium of insurance companies to facilitate investments in projects that specifically benefit low-income families and communities.

“I am excited to have two high-quality professionals with the investing expertise and commitment to impact investing that we have found in Mike and Matt,” said Brenner. “ICC is implementing a five-year strategic plan to deliver quality investments in scale to institutional investors seeking to add impact to their investment portfolios and we are excited to add Mike and Matt to the management team that will drive our success.”

Lohmeier has built an impressive track record in the impact investing space during his 20-year career. As Managing Director for Wespath Benefits and Investments, Lohmeier oversaw all aspects of the organization’s $21 billion investment portfolio of public equity, fixed income, real estate and positive social purpose (PSP) investments. He was instrumental in growing the PSP program, which was developed to promote affordable housing and community development for disadvantaged communities while delivering competitive returns, to over $2 billion during his tenure. Lohmeier will be responsible for developing and executing ICC’s investment strategy, including managing existing investor relationships, developing new investors and structuring new investment funds.

Berg brings to ICC a wealth of experience in finance and commercial real estate. As an Associate at Dechert LLP, Berg advised investment banks, hedge funds, private equity funds and insurance companies on nationwide commercial real estate acquisition and dispositions. ICC has been a leading innovator in securitizing affordable housing mortgages, and Berg’s experience at Dechert advising CMBS securitizations significantly expands ICC’s ability to deliver capital in scale to address the critical need for affordable housing and community investment in our country.

About Impact Community Capital LLC

The first word and last name in impact investing, Impact Community Capital LLC is a pioneer in the impact investing space. ICC is reshaping and refining investment opportunities for investors seeking to add impact to their portfolios. ICC was founded by leading insurers to promote socially responsible investments in underserved communities, making it an early leader in making investments that facilitate social change long before “Impact Investing” began its move to the mainstream. ICC pioneered pooling and securitization of community investment portfolios to direct large amounts of capital for affordable housing and used federal New Markets Tax Credits to invest in community childcare and healthcare facilities. It is owned by the following insurance companies: Allstate Insurance Company, Farmers Insurance Exchange, Nationwide Mutual Insurance Company, Pacific Life Insurance Company, State Farm Mutual Automobile Insurance Company, Teachers Insurance and Annuity Association of America, and 21st Century Insurance Company. For more information, call (415) 981-1074, or visit www.impactcapital.net.


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Common Threads’ Nationwide Pop-Up Dinner Series Honors Julia Child In New York City

The non-profit, along with presenting partner Circuit of The Americas, hosts Tamron Hall, Gail Simmons, Adam Richman and an impressive roster of celebrity chefs, announces fundraising event in New York City

Press Release – AUSTIN (AUGUST 16, 2017) – Common Threads, a non-profit organization dedicated to bringing health and wellness to children, families and communities through cooking and nutrition education, is headed to New York to master the art of French cooking at the Common Threads Chef Takeover Fueled by Circuit of The Americas. This five city, one-night-only, pop-up dinner will take over Manhattan on Wednesday, October 11 at Tom Colicchio’s Riverpark (450 E. 29th St.) from 7 p.m. – 10 p.m.

Each dinner in the series features a line-up of celebrated chefs from across the country and tasks them with creating dishes that reflect the evening’s theme. TV personality and author Adam Richman, award-winning journalist Tamron Hall and Food & Wine Magazine’s Gail Simmons will play host at the New York dinner bringing together an impressive list of chefs to honor the legendary Julia Child. Participating chefs include:

  • Chef Govind Armstrong – Post & Beam, Los Angeles
  • Chef Andrew Smith – Riverpark, New York
  • Chef Silvia Barban – LaRina Pastificia & Vino, Brooklyn
  • Chef Fany Gerson – Dough, New York
  • Chef Umber Ahmad – Mah Ze Dhar, New York
  • Chef Daniel Serfer – Mignonette, Miami
  • Chef Christian Apetz – The Driskill, Austin

Additionally, the evening will include an opening reception with small bites prepared by Common Threads students, a silent auction featuring one-of-a-kind experiences and a special musical guest performance. The Julia Child Foundation for Gastronomy and the Culinary Arts Trustee, author and grand-nephew of Julia Child, Alex Prud’homme, who has penned two books about his grand-aunt, will also be speaking at the dinner. The Julia Child Foundation supports Common Threads programs and provided permission for this event to be held in Julia’s honor.

“Common Threads envisions a world where people embrace healthy cooking, healthy eating and healthy living as both a life choice and a human right,” said Linda Novick O’Keefe, founding CEO of Common Threads. “Chef Takeover Fueled by Circuit of The Americas is a great way to bring our mission to life. We are thrilled to unite some of the restaurant industry’s top chefs to create a special experience over the dinner table while raising awareness for the importance of health and wellness.”

Common Threads Chef Takeover Fueled by Circuit of The Americas has already visited Chicago and Los Angeles and will be in Miami on Thursday, September 7 at the Mondrian South Beach Hotel where it will celebrate “Food as Art.” After the New York event, the series wraps up in Austin, TX during Formula 1 United States Grand Prix race weekend.

“It’s our pleasure to support Common Threads’ mission of extending nutrition education into schools located in underserved communities across the country. By serving as presenting sponsor for these unique fundraising dinner events, not only are we able to support the cause nationwide, but we are particularly honored to assist in launching Common Threads’ programs in our neighboring school district, Del Valle ISD,” stated Circuit of The Americas Chairman, Bobby Epstein.

All funds raised will benefit Common Threads programs, teaching children in underserved communities how to lead healthier lives. The Common Threads Chef Takeover Fueled by Circuit of The Americas will help fund the organization’s growth goal of getting one million children cooking for life by 2020.

General tickets cost $175 per person and Chef’s Table tickets (which include a welcome gift, elevated wine pairing and celebrity chef dish presentations) cost $250 per person. For additional information and to purchase tickets visit www.commonthreads.org/cheftakeover.


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ScoutComms Receives Official B Corp Recertification for 2017-2019

Fast-growing veteran-focused communications and consulting firm increases overall B Impact Score

Press Release – FREDERICKSBURG, VA – ScoutComms announced today that B Lab, the B Corporation certification body, has recognized the company for its second two-year period as a certified B Corporation™. As a certified B Corp, ScoutComms has publicly committed to use the power of business to address the social challenges facing veterans and military families.

Not only did ScoutComms once again successfully complete the rigorous recertification process, it also increased its overall B Impact Score to 125 out, up from an already impressive 116 when it was named 2016 Best for the World B Corporation Honoree. To remain certified, a company needs a score of at least 80. ScoutComms’ updated B Corporation profile is now available online.

ScoutComms is a communications and consulting firm with unmatched knowledge and experience in the nation’s veteran and military communities. The firm supports a diverse array of for-profit and not-for-profit organizations that employ, empower and serve veterans, service members and their families.

The company was founded in 2010 by Army veteran Fred Wellman with the mission to empower veterans and military families through impactful initiatives and collaborative partnerships that lead to great awareness of veterans’ needs. ScoutComms’ efforts have led to the expansion of veterans’ access to resources that promote their economic, physical and mental well-being.

ScoutComms was the first certified B Corporation in the Fredericksburg area, and third in the world focused on veterans.

In addition to serving a wide range of paying clients, ScoutComms supports a number of small, deserving non-profits through a range of pro bono services that range from simple mentorship to comprehensive project support. ScoutComms believes that giving back to the community is a key to success and to making a difference. Each year, the company donates thousands of dollars in profits to non-profit and charitable causes and encourages all employees to pursue volunteer work during and outside of work hours.

“We are incredibly proud to be part of the growing B Corp movement and being recertified at an even higher score demonstrates how much our entire firm has embraced this way of doing business,” said ScoutComms CEO Fred Wellman, a West Point graduate and 22-year Army veteran. “We believe that being a business with a mission is why we have seen such incredible growth and part of why we are growing at a breakneck pace. Clients are coming to us because they know that we are here to make a difference and not just make a buck.”

ScoutComms was also recognized by B Labs for its impressive supplier relations, diversity and involvement in the local community, as well as for the growing number of benefits and incentives it offers employees, including generous health care plans and professional development training.

The firm’s work has resulted in a host of awards and recognitions, including being recently ranked as the nation’s sixth-fastest-growing PR firm by O’Dwyer’s PR News.

To learn more about ScoutComms, visit our website and B Corporation profile.

What is a B Corporation?

In order to be recognized as a Certified B Corporation, ScoutComms had to meet rigorous standards of social and environmental performance as well as dedication to greater transparency, ethics and employee care in its business practices. As of July 2017, there were 2,204 Certified B Corporations from 50+ countries and more than 130 industries, representing a diverse multi-billion dollar global marketplace. Unlike traditional corporations, Certified B Corporations are legally required to consider the impact of their decisions on their employees, suppliers, community, consumers and environment. To achieve certification, ScoutComms participated in an in-depth assessment process established by B Lab, the B Corporation certification body. The assessment included extensive disclosure of information relating to ScoutComms operations, business practices, hiring and promotion procedures, environmental management practices, and governance.

ScoutComms Account Executive Danielle Doss, who is a military child herself, successfully led the months-long recertification process for the company.

Source: http://scoutcommsusa.com/


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Central Florida Foundation’s “Better Together Fund” Continues Mission Of Healing For Pulse Survivors, Community

Fund Invests in Nonprofit Relief, Long-term Aid

Press Release – ORLANDO, Fla. (August 16, 2017) – The Better Together Fund, an initiative at Central Florida Foundation created in response to the Pulse nightclub tragedy, continues to provide support and aid to the community on its road to healing.

Since launching in June 2016, the Fund has received more than $1.1 million in contributions. During its first year of grant-making through the Fund, Central Florida Foundation has made the following investments in the community:

  • $14,000 to Barry University to provide cultural competency training for LGBTQ+ Affirmative Care to mental health and community providers.
  • $30,000 to Equality Florida to hire Central Florida Safe and Healthy Schools coordinators to launch programs in Orange, Seminole, and Osceola County public schools that ensure the safe and equal treatment of LGBTQ students.
  • $50,000 to the “Friends Talking Faith” radio show to share stories of the community and how it’s been transformed by the events at Pulse.
  • $272,000 to Heart of Florida United Way to provide gap funds for emergency needs and mental health care, as well as to support those directly impacted by the tragedy with basic needs, like rent, mortgage, utilities and monthly expenses.
  • $1,500 Mental Health Association of Central Florida to provide mental health care for survivors through weekly support groups.
  • $5,000 to Orlando Youth Alliance to provide educational scholarships.
  • $20,000 to Pulse of Orlando to develop a plan and strategy to formalize the One Orlando Alliance and provide ongoing assistance.
  • $5,000 to The 49 Fund to provide educational scholarships.
  • $41,000 to Trauma Resource Institute to train lay leaders across our community on the biological response of trauma using the Community Resiliency Model to help participants heal themselves and help the community.
  • $91,854 to Two Spirit Health Services to provide gap funding for the community’s infrastructure for mental health services.
  • $5,000 to UCF Foundation to provide educational scholarships through the Dively-Dupuis LGBTQ Leadership Award.
  • $5,000 to Valencia Foundation to provide educational scholarships through the Pulse Memorial Foundation.
  • $5,000 to Zebra Coalition to provide educational scholarships through the Jefferson R. Voss Education Fund.

These recipients were selected based on the Fund’s four key areas of support: nonprofits that support victims and families; the LGBTQ, Hispanic, faith and other affected communities; underlying causes of the event; and other unanticipated needs. The Foundation distributes grants through an accountable, transparent grant-making process that enables the public to see where funds are directed.

“During one of Central Florida’s darkest moments in history, we saw incredible support as generous individuals and organizations came forward to help rebuild our community,” said Mark Brewer, president and CEO of Central Florida Foundation. “This is only the beginning of a long process, and we will continue to work closely with those on the front lines to identify and respond to our community’s needs in the time ahead.”

Contributors to the Better Together Fund include Universal Orlando Foundation, Winter Park Health Foundation, Coca-Cola Foundation, The Delta Air Lines Foundation Nationwide Insurance Foundation, and Wells Fargo Foundation.

To see the full list of contributors and for updates on grants from the Fund, visit www.cffound.org/bettertogether.


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Hero Clean Pays Tribute To The Hero In Each Of Us By Supporting Our Veterans

Press Release – Hero Clean products were scientifically engineered specifically to address a void in the marketplace that its founder, Mike Eaton, identified years ago on a routine trip to the grocery store. Now, there is a new player in the cleaning products game who is raising the bar not only on clean, but also on brand philanthropy.

It started with a simple premise: men have different deodorant, shaving cream and skin care for their unique hormones and pheromones, shouldn’t there also be laundry and cleaning products formulated for men’s unique biology, cleaning regimens, lifestyle and shopping habits? And, what if the brand that made those products made a real commitment to contribute to a cause that’s close to the hearts of men (and women) across the country? Thus, Hero Clean was born.

Hero Clean uses the most cutting edge cleaning technologies available with a look and scent that appeal to guys who don’t want to pick up a pastel bottle or smell flowery or perfumey. Despite the fact that the Hero Clean line was “made for men,” it’s “loved by women” because of its effectiveness. It is the ideal antidote to kids’ and teens’ “stinky boy syndrome,” leaves mom’s yoga pants smelling clean, cuts through grease and grime like nothing else and provides truly multi-use products that simplify the cleaning process.

Hero Clean was created for the hero inside of all of us, and is proud to support our nation’s heroes, donating 7% of the profit on every bottle sold to IAVA (Iraq and Afghanistan Veterans of America). IAVA is the leading post-9/11 veteran empowerment organization (VEO), committed to connecting, uniting and empowering America’s veterans by providing critical services, advocacy and community building opportunities around the globe.

The bedrock of all Hero Clean products is the patented Odor Defeater™ technology, which neutralizes odor at the source. Products in the Hero Clean line-up include leading edge, patented, enzyme and microbial formulas– and they are made in the USA. Hero Clean provides a better overall cleaning experience allowing people to get dirty, sweaty and messy like a guy, and then power clean their clothes, gear and home like a man.

Hero Clean Laundry Detergent features a six-enzyme package that removes stains and bring whites and colors to life – outperforming the leading brands in third party testing. It is both a sport and everyday wash, perfect for training gear, gym clothes, little league uniforms and anything else that gets sweaty and dirty while getting the whole household’s laundry cleaner than ever. It is also loved by people with sensitive skin.

Hero Clean Odor Eliminator spray is the ultimate armor against odor – for athletic wear, jerseys, shoes, gloves, bedding and gear. It is a perfect pre-treater for stubborn or intense odors. The crisp juniper scent and patented Odor Defeater TM neutralizes odor and smells clean without being flowery or feminine. The probiotic microbes starve and destroy the bacteria that creates odor and prevent its return – the only real way to rid fabric of odor, especially in today’s dry-wicking fabrics.

Hero Clean Dish + Hand Soap cuts grease without scrubbing, is dermatologist tested and phosphate free – perfect for anything that can use a little soapy water. The All-Purpose Cleaner is just that – it provides a scrub-free, streak-free clean on any surface from glass and stainless steel to wood and stone. Both products are great for home, tools, equipment and almost anything that gets greasy or dirty.

Members of the military have reported great results when using Hero Clean products to clean the carbon fiber off their weapons and get the embedded stench out of their clothes after training exercises.


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IIX’s Women’s Livelihood Bond Officially Listed on the Singapore Exchange

Press Release – SINGAPORE, — August 16th, 2017 — The Women’s Livelihood Bond (WLB), structured by Impact Investment Exchange (IIX), has become listed and quoted on the Bonds Market of the Singapore Exchange (SGX) as of 9:00am today, making it the first listed bond in the impact investing space with a dual focus on financial returns and social impact. The US$8 million debt security will impact over 385,000 women in Cambodia, Vietnam, and the Philippines through enhanced access to credit, market linkages, and affordable goods and services that will build women’s resilience to socio-economic shocks and stresses.

The listing of the WLB ensures transparency and accountability for the bond’s investors who will receive rigorous disclosure of both financial performance and social impact, while also creating the potential for secondary liquidity in the impact investment market.

Ore Huiying | Bloomberg | Getty Images

“Since the WLB has been announced, we have witnessed a sharp growth of interest from global investors for financial structures like the WLB which has greatly strengthened our confidence that impact investing is the future of financial markets. Now, with the listing of the WLB, we have achieved the holy grail of potential liquidity in the impact investing market.” said IIX Founder, Durreen Shahnaz.

The four-year bond offers a coupon rate of 5.65% and includes a number of credit protection features, including $500,000 of first-loss capital provided by IIX as well as a 50% guarantee of the principal amount of the underlying loan portfolio, provided by USAID. Over 60% of the WLB’s investment capital was provided by Asian investors, mostly private banking clients. The WLB is the first in a series of IIX Social Sustainability Bonds™ which IIX plans to structure and list over the coming years.

About IIX Social Sustainability Bonds™

IIX Social Sustainability Bonds™ are uniquely structured fixed-income financial instruments which pool together a group of high-impact enterprises and issues a collective bond. These bonds differ from traditional Social Impact Bonds as they mobilize private sector capital to generate positive social impact worldwide, offer financial returns independent of social outcomes, and are able to be listed on both social and traditional stock exchanges.

About IIX

IIX is a Singapore-based impact enterprise that bridges the gap between finance and development, carving out a third space for social and environmental solutions by unlocking investment capital. As a pioneer of impact investing, IIX builds pathways to connect the Wall Streets of the world with the backstreets of underserved communities. IIX platforms and innovative financial products enable impact enterprises to accelerate their business and scale their positive impact, while pushing the impact investing space from the margins to the mainstream. To date, the work of IIX has spanned 20 countries and continues to expand with the mission of unlocking US$1billion of impact investment capital, impacting 100 million lives by 2025.


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Cedars-Sinai Awards $4.8M to Support Community Clinics and Other Safety Net Organizations for the Underserved

Grants Help Strengthen Financial, Administrative and Management Effectiveness at Clinics and Other Sites That Bring Medical Care, Mental Health Services and Other Critical Assistance to Communities in Need

Press Release – LOS ANGELES (Aug. 16, 2017) — Cedars-Sinai is bolstering an ongoing effort to strengthen the social safety net in the Los Angeles region with a third year of grants — totaling $4,827,930 — to programs that address the physical and mental healthcare needs of many underserved populations, including the homeless, at-risk youth, immigrants and others.

The funding represents Cedars-Sinai’s latest steps to increase financial, administrative and leadership effectiveness at community clinics and mental health organizations. The goal is to increase access and reduce disparities to those in need of health services.

“Hundreds of thousands of people in Los Angeles receive care at community health centers. In this time of healthcare uncertainty, the role of these community clinics has only grown in importance,” said Jonathan Schreiber, director of Community Engagement at Cedars-Sinai. “We believe we can impact the efficiency and quality of care given to LA’s most vulnerable populations with ongoing support for local healthcare institutions.”

The Cedars-Sinai Community Clinic Initiative was launched three years ago to strengthen the leadership and effectiveness of local clinics with a two-pronged approach.

Cedars-Sinai invested strategically in broad community-wide efforts to improve quality care, financial benchmarking, data analysis and leadership development at clinics in the Los Angeles area. The community partners involved in this initiative include Capital Link, the Center for Care Innovations, the Community Clinic Association of Los Angeles County, Healthforce Center at UCSF, the Institute for High Quality Care, the L.A. Trust for Children’s Health and the Southside Coalition of Community Health Centers.

Cedars-Sinai also provided grants directly to individual clinics to improve their quality of care and patients’ experience. This component of the Community Clinic Initiative benefited a diverse set of partners, including The Achievable Foundation, a health center that treats children and adults with developmental disabilities; Los Angeles Christian Health Centers, whose Joshua House location serves the homeless population in downtown Los Angeles; and the Korean Health, Education, Information & Research (KHEIR) Center in Koreatown.

Through the Community Clinic Initiative, partners such as KHEIR have been able to participate in programs focused on quality improvement and the efficient management of clinic and health data. In addition, a grant from Cedars-Sinai allowed KHEIR to expand its successful chronic care program to promote diabetes self-management for Spanish-speaking patients. KHEIR’s community health center also is implementing new medical record software to track diabetes patients’ health.

Additionally, this year’s grants went to 13 mental health partner organizations that treat uninsured and undocumented patients who have a variety of mental health issues, substance use disorders and other challenges. The partner organizations include the Los Angeles LGBT Center, where Cedars-Sinai grants have helped fund a domestic violence prevention program, as well as Amanecer Community Counseling Services, which provides mental health counseling for low-income Latino parents and children. Treatments provided by these organizations include psychotherapy, cognitive behavior therapy and medication management for people who cannot obtain these necessary services through other means.

Funds from Cedars-Sinai also have been disbursed to several other nonprofits, including Step Up on Second, The Jewish Federation of Greater Los Angeles, March of Dimes and the United Way’s Home For Good program to reduce chronic homelessness.

Art Ochoa, senior vice president of Community Relations and Development and chief development officer at Cedars-Sinai, said the institution remains committed to the many clinics and organizations that provide crucial services to underserved populations in the Los Angeles area.

“These efforts on the part of Cedars-Sinai take us back to our roots in 1902 as a community hospital serving a vulnerable population with the intent, then as now, to provide healthcare, support and services to those who need it most,” he said.

For a list of the Cedars-Sinai grantees, please see cedars-Sinai.edu/CBGO.


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More Than 9 Million People Already Displaced Globally In 2017

Press Release – Wednesday, 16 August 2017 (Geneva): Conflict, violence and disasters have caused more than 9 million new internal displacements globally in the first half of 2017, according to new estimates released today by the Internal Displacement Monitoring Centre (IDMC).

Of the 9 million new internal displacements, 4.6 million were caused by conflict, a figure which is already two-thirds of last year’s total. The countries with the highest new internal displacement by conflict are: Democratic Republic of Congo (DRC): 997,000; Iraq: 922,000; Syria: 692,000; the Philippines: 466,000; Ethiopia: 213,000; Central African Republic (CAR): 206,000; South Sudan: 163,000; the Gambia: 162,000; Afghanistan: 159,000; Nigeria: 142,000; Yemen: 112,000; and Somalia: 70,000.

The deteriorating situation in the Democratic Republic of Congo (DRC) has resulted in almost a million (997,000) new displacements in the first half of the year. The total figure of those displaced by conflict in the country now stands at 3.7 million, which is an increase of around two million new displacements on June 2016, and remains the highest in Africa. The conflict has spread to new areas and eight of the country’s 26 provinces are now affected by violence.

Iraq follows closely with 922,000 new displacements, mainly due to the waves of offensives on Mosul. Extensive damage to the city means that those displaced are unlikely to be able to return in the near future. In Kirkuk governorate, which is still under the control of the Islamic State of Iraq and the Levant (ISIL), clashes in the Hawiia district resulted approximately 37,000 displacements.

692,000 new displacements also took place in Syria, where over the first six months of the year, fighting between government and non-government forces intensified in several governorates, including the offensive on Raqqa City, triggering large waves of displacement.

In the Philippines, 466,000 new displacements were reported in connection with ongoing tensions and armed conflict on Mindanao Island, concentrated mainly in and around Marawi city. More than 350,000 people are estimated to be displaced in the city and surrounding region.

There are also deepening concerns about other African countries, with high figures being recorded in CAR where violence has escalated since September 2016 because of clashes between the country’s various armed groups. Unrest in Ethiopia is also on the rise, with armed groups trying to take down the government, and violence now tripling in size since the last big period of unrest in 1997. With over 213,000 new displacements in the first half of 2017, the total number of people internally displaced by conflict in Ethiopia has now risen to more than 588,000.

Disaster displacement continues at an unabated pace too: already more than half the number of relevant disaster events were reported by end-June 2017 as compared to the total of 2016, but only around a fifth of new displacements were recorded: 4.5 million new displacements across 350 events. While comparably low, however, these numbers are equally concerning as sudden-onset seasonal storms and floods in South and South East Asia as well as the hurricane season in the Americas are still to come and numbers can be expected to rise exponentially, like in previous years.

The disasters triggering the highest numbers of new internal displacements were: floods in the southern provinces, China, in June: 858,000; tropical cyclone Mora, across Bangladesh, India and Myanmar, in May and June: 851,000; Visayas and Mindanao floods, in the Philippines, between January to March: 381,000; rainy season, in Peru, between January to June: 293,000; tropical cyclone Enawo, in Madagascar, in March: 246,000; Oroville Dam flood, in the US:, in February: 188,000; Maguindanao floods, in the Philippines, in May: 182,000; tropical cyclone Dineo, in Mozambique and Botswana, in February: 147,000; typhoon Merbok (known locally as Bai Miao), in China, in June: 117,000; and Monsoon floods, in Sri Lanka, between May to June: 104,000.

The two largest events of displacement by flooding in China and by Cyclone Mora in Bangladesh, Myanmar and India are stark reminders of the fact that the concentration of populations in flood plains and on hazard prone coastlines combined with high levels of vulnerability result in large numbers of new displacements – and will continue to do so in the face of climate change.

Large-scale new displacements in the Philippines, Peru and Sri Lanka also took place in the context of seasonal flooding. “This shows us that seasonal, to be expected, weather patterns still result in large numbers of new displacements year after year, clearly illustrating that we are not investing enough in reducing vulnerability and exposure. While preparedness, early warning and evacuation systems may have improved over the years, the overall risk of being forced out of your home and becoming displaced in these countries has not been reduced.” says Bina Desai, Head of Policy and Research at IDMC.


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Sunwealth™ Announces First Closing of Solar Impact Fund

Fund offers modern investing approach with quantifiable environmental and social impact

Press Release – (Boston, MA) August 15, 2017Sunwealth, an innovative clean energy investment firm bringing commercial solar to scale, today announced the first tranche closing of its Solar Impact Fund. The Fund offers investors two compelling ways to invest – via tax equity or a bond offering – in the vastly untapped commercial solar asset class.

Sunwealth seeks to create wider-reaching social and environmental impact – without sacrificing financial return – by combining commercial solar projects for credit-worthy businesses, municipalities, and non-profit organizations into a single investment vehicle.

The first tranche is comprised of six projects providing renewable solar energy to fire departments, schools, and businesses in New York and New England, including Sika Sarnafil’s U.S. headquarters in Canton, Massachusetts and the Montessori School of Northampton, Massachusetts. All six projects were recently placed in service, and to date the Solar Impact Fund has exceeded performance expectations.

The second tranche, with a bond offering of $1.5M and tax equity offering of $1M, will include nine additional projects to build on the Solar Impact Fund’s initial success.

“Commercial solar is built on proven technology, high technical potential, and is a driving force in the decentralization, de-carbonization, and democratization of our energy grid,” said Jonathan Abe, Chief Executive Officer at Sunwealth. “The Solar Impact Fund provides investors with a simple, transparent, and predictable investment. They know which projects they are funding and can track the measurable impact they are delivering.”

The Fund’s first two tranches will produce more than 1,691 metric tons of carbon offsets per annum, over $2,115,000 in energy savings for power purchasers, and generate more than 50 job years for sophisticated positions among locally-based solar firms.

Sunwealth invests alongside its investors by owning and operating each project within the Solar Impact Fund. The firm’s technology-driven insight paired with a proprietary underwriting process identifies high-performing projects that can generate meaningful financial returns. The standardized and pooled-project approach dramatically reduces transaction costs and gives investors access to a diverse set of projects that combat climate change and strengthen communities through job creation and access to clean energy.

To learn more about Sunwealth, the Solar Impact Fund, and investing in the future of energy, please visit www.sunwealth.com.

About Sunwealth

Sunwealth Power LLC is a pioneering clean energy firm aiming to unleash the power of commercial solar by delivering meaningful returns and tangible impact to its growing community of investors. Sunwealth’s proprietary methodology identifies high-performing, high-impact projects, and its Solar Impact Fund allows for rapid scaling of commercial solar investment, giving investors the unique opportunity to invest directly into a diversified pool of solar assets – generating returns and clean energy faster. Visit www.sunwealth.com.

Under no circumstances is the information contained herein to be considered an offer to sell or as a solicitation of an offer to buy any financial product. Investments are offered only via definitive transaction documents and any potential investor should read such documents carefully, including all the risk factors relating to the investment, before investing.


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Child Abuse Prevention Summit Seeks to Help End a Nationwide Epidemic

Destination Spa Golden Door to Host Summit May 20-23, 2018

Press Release – (San Marcos, CA) (August 15, 2017) – The Child Abuse Prevention Summit, Golden Door’s first round-table forum focused on bringing about real and lasting change in society, will be a 3-day sponsored event held at Golden Door on how to stop the escalation of child abuse and neglect in America. Attendees will include leaders in the field of child abuse education and prevention as well as child advocates from the worlds of business, government, medicine and academia.

Every year more than 3.6 million referrals of child abuse or neglect that involve more than 6.6 million children are made to state child protection agencies. The United States has one of the worst records among industrialized nations—with an average between four and seven children lost every day to abuse and neglect—according to studies by the U.S. Centers for Disease Control and Prevention (CDC).

“Child abuse is an on-going issue that will not go away on its own,” said Kathy Van Ness, COO, Golden Door. “There is a report of child abuse every 10 seconds in the United States, and we need to determine together how to stop this from happening. Through the Golden Door Foundation, we pledge 100 percent of our net profits to support philanthropic child abuse-related causes. The Child Abuse Prevention Summit is the next step in our mission to positively change lives and to extend our responsibilities beyond our walls.”

Currently, Golden Door works with The New York Society for the Prevention of Cruelty to Children (NYSPCC), Palomar Health Foundation, San Francisco Child Abuse Prevention Center, Rady Children’s Hospital and others to help stop child abuse and bring awareness to the cause.

“On behalf of Palomar Health’s Forensic Child Abuse Program and Sexual Assault Team, I want to extend our most heartfelt thank you to Golden Door for all the support they have provided to the program and the victims we serve,” said Catherine McLennan, supervisor of the Child Abuse Program. “We are grateful to Kathy Van Ness and her team for their dedication to transforming the lives of the San Diego North County children.”

“The NYSPCC and Golden Door share the same goal: to prevent and stop child abuse and neglect. We are proud to be working with Golden Door on next year’s child abuse summit and sharing our mission with everyone who will come together to protect our children,” said Executive Director Mary L. Pulido, PhD, The New York Society for the Prevention of Cruelty to Children.

“We salute Golden Door in its work to end child abuse,” said Executive Director Katie Albright of the San Francisco Child Abuse Prevention Center. “We believe we can end child abuse, not simply prevent it. Child abuse is a serious problem with devastating consequences, but it’s a problem we know how to solve. We believe that strong families, supported by a strong and caring community, will not abuse their children.”

The Golden Door Child Abuse Summit takes place May 20–May 23, 2018, at Golden Door in San Marcos, CA. This three-day summit provides in-depth discussions and speakers on how to end child abuse. For more information, log onto www.goldendoor.com.


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