This category includes articles about people, firms and foundations that invest in social good by investing in social entrepreneurs, social impact or pay-for-success bonds, etc.
This category includes articles about people, firms and foundations that invest in social good by investing in social entrepreneurs, social impact or pay-for-success bonds, etc.
ICA: Zambia 2018, 2-3 October, Radisson Blu Hotel, Lusaka
Press Release – [Lusaka, Zambia, September 2018] Impact Capital Africa (ICA) presents Zambia’s first impact investment conference, in partnership with the Zambia Development Agency and the Private Enterprise Programme Zambia (PEPZ). ICA: Zambia 2018, a two-day event, brings local, regional and international investors together with ‘investment-ready’ SMEs and entrepreneurs from across Zambia, with the express intent to overcome the typical barriers faced when trying to source and make investments. At the Radisson Blu Hotel, Lusaka on 2nd & 3rd October, ICA: Zambia features high-level investment dialogue, sector deep-dives, SME pitching, networking & social functions, exhibition and, crucially, ICA’s secure SME platform ‘Impact Starter’.
Working with PEPZ throughout 2018, and investment advisors Kukula Capital, OCA and PwC, ICA has provided business development and mentored a pipeline of almost 30 investment-ready Zambian SMEs and entrepreneurs across a range of sectors including agriculture, energy, health, education, finance, infrastructure and technology. ICA: Zambia’s pipeline meets both the ‘angel’ investor ticket size ($50,000 – $150,000) and the typical ‘missing middle’ funding ($500,000 – $30m). Cumulatively, the SMEs are looking to raise more than $100m.
“Over the last few months, we have seen first-hand a surprising and very encouraging breadth and depth of quality investment opportunities. ICA Zambia won’t be your typical investment conference, it really is about opening the door to Zambia as an impact investment destination.” James Blewett, PEPZ Team Leader
ICA’s marketplace platform Impact Starter, launched on Monday 10th September with early access for event Sponsors, enables investor delegates to review the pipeline of SMEs ahead of the event itself. ICA: Zambia 2018 has the express aim to ‘get deals done’ as a direct result of the event – the Impact Starter platform provides SMEs the opportunity to showcase their company, while investors can review the pipeline and request to access supporting company documentation through a secure data room. Due diligence processes and direct communication with SMEs ahead of the conference are enabled through this platform.
Impact Capital Africa bridges the gap between SMEs in emerging markets and investors by putting boots on the ground to get SMEs ‘investment ready’, and provides a platform for investors to be introduced to these opportunities. ICA is comprised of the Musangu Foundation and conference experts Exigent Events. The UKaid funded PEPZ has provided SME business development services. Together, PEPZ and the Musangu Foundation have developed one of the leading SME pipelines in Zambia.
To find out more about ICA: Zambia 2018, and to get involved, please visit the website www.impactcapafrica.com and look for @impactcapafrica on Twitter. All delegates wishing to attend must register with ICA directly and complete an online registration form www.impactcapafrica.com/register.
Initiative is supported by a new grant from the U.S. State Department
Press Release – Halifax, CANADA, September 20, 2018 – Circulate Capital, the impact-focused investment management firm dedicated to financing companies, projects, and infrastructure that prevent ocean plastic (“Company”), and SecondMuse, a global business accelerator that works with local stakeholders, leading corporations and government agencies to build resilient economies , today announced the launch of The Incubator Network by Circulate Capital and SecondMuse (“The Incubator Network”), a new initiative to accelerate solutions to ocean plastic waste by partnering with existing incubators to build ecosystems of waste management and recycling innovators. The Company and SecondMuse developed The Incubator Network in partnership with Ocean Conservancy, a leading ocean protection nonprofit; it is supported by a new grant from the U.S. State Department. The Incubator Network’s first collaborative project, the Ocean Plastic Prevention Accelerator, is also supported by the Australian Government’s Department of Foreign Affairs and Trade.
The Company anticipates unlocking more than $20 million in funding for The Incubator Network from foundations, corporations, and development agencies. The Company made the announcement earlier today at the G7 Oceans Partnership Summit in Halifax, Canada.
By partnering with existing incubator initiatives, The Incubator Network seeks to rapidly scale the number of innovators in the sector, enabling eco-systems, and support for those innovations. At launch, incubation partners include:
The Incubator Network will initially focus on supporting incubation activities located in Indonesia and India, with additional interest in Vietnam, Thailand, and The Philippines, and is currently looking to partner with additional incubator partners and programs. For more information on how incubation programs can join the network, please click here.
“The Incubator Network by Circulate Capital and SecondMuse will provide financial and technical resources to increase the quality and quantity of companies and programs working to stop plastic leakage to the ocean and environment in South and Southeast Asia,” said Rob Kaplan, founder and CEO of Circulate Capital. “As our team has been developing financing mechanisms for the region, we have recognized that incubation, technical assistance, and capacity building is critically needed to improve the opportunities for all investors in the space.
“We are grateful to the U.S. Department of State and our corporate partners for their support and to the Ocean Conservancy for their continued collaboration. Our goals are ambitious, but we are inspired by the tremendous strides already being made by our initial incubator partners, Ocean Plastic Prevention Accelerator, WeWork Labs India and McKinsey.org.”
“The launch today of Circulate Capital’s Incubator Network marks an exciting leap forward in a journey Ocean Conservancy began many years ago to reduce the amount of trash in the ocean,” said Chever Voltmer, Plastics Initiative Director for Ocean Conservancy. “After over 30 years of organizing the International Coastal Cleanup and cataloging the items washing up on shorelines around the world, we know we need to go upstream to solve the problem. Through the Incubator Network, we can leverage the strengths of partners in government, business, academia, and non-governmental organizations to bring together the political, economic, financial, and social pieces needed to solve this complex puzzle. Ocean Conservancy is proud to support Circulate Capital and, through our work together, looks forward to a future free of marine debris.”
“For the last decade SecondMuse has been using business accelerators to build economies that create social and environmental justice,” said Todd Khozein, co-founder of SecondMuse. “In doing so we have learned that the most resilient economies are those that are inclusive and adaptive to local circumstances. For a problem as big as ocean plastics we need precisely these kinds of robust innovation ecosystems in cities throughout the region and we are thrilled to be partnering with Circulate Capital and the Ocean Conservancy to accomplish this.“
“WeWork Labs is inspired by the work Circulate Capital is doing, and we are excited to partner with an organization that aligns with our own global environmental efforts to combat plastic pollution,” said Roee Adler, SVP, Global Head of WeWork Labs. “India is a booming center for startup innovation, and we feel confident that by leveraging the creativity and inventiveness happening throughout India, The Incubator Network will make a long-lasting impact in helping solve this global challenge.”
“We’re excited by the launch of Circulate Capital’s Incubator Network,” said Dr. Shannon Bouton, Global Executive Director of Sustainable Communities at McKinsey.org. “Not only will it provide vital investment but it will also create an ecosystem of organizations to foster collaboration and partnership in addressing the critical plastics waste challenge the world faces. McKinsey.org’s Sustainable Communities program is working with local communities, organizations, and governments to develop recycling systems which empower communities, provide companies with reliable supplies of recycled material, and accelerate the transition to a circular economy.”
More than half of the 8 million metric tons of plastic that flow into the ocean every year come from developing countries in South and Southeast Asia, where waste management has lagged behind rapid economic growth. Analysis shows that a 45% reduction in plastic leakage is possible by improving waste management and recycling infrastructure in the five countries where the Company operates.
Lifting the Lives of Female Workers
Female workers play a role at all levels in the waste management chain, but most dramatically at the bottom. With this in mind, a primary focus of The Incubator Network is to advance opportunities for women in its countries of operation, and it will address this objective in its first partnership with the Ocean Plastic Prevention Accelerator as well as in other locations as the project scales.
Circulate Capital is the recently formed impact investment firm launched this past July and operating in India, Indonesia, the Philippines, Thailand and Vietnam. The Company currently has an open Request For Proposal (RFP) process for businesses located in these countries and working on solutions that address ocean plastic and seeking capital to accelerate their work. Interested businesses may apply here.
About Circulate Capital
Circulate Capital is an impact-focused investment management firm dedicated to financing companies, projects, and infrastructure that prevent ocean plastic. We identify, incubate, and invest in opportunities designed to intercept ocean plastic at the source by collecting, sorting, processing, and manufacturing using waste in countries known to contribute to ocean plastic. We were created in partnership with Closed Loop Partners and Ocean Conservancy, and are supported by leading intergovernmental organizations, associations and many of the world’s largest consumer product goods and chemical companies, including 3M, American Chemistry Council, The Coca-Cola Company, Kimberly-Clark, Dow, PepsiCo, Partnerships in Environmental Management for the Seas of East Asia (PEMSEA), Procter & Gamble, and the World Plastics Council.
About Ocean Conservancy
Ocean Conservancy is working to protect the ocean from today’s greatest global challenges. Together with our partners, we create science-based solutions for a healthy ocean and the wildlife and communities that depend on it. www.oceanconservancy.org
SecondMuse is a global collaboration agency. We convene relevant stakeholders to build resilient communities with strong inclusive economies. We achieve this goal by creating entrepreneurial ecosystems through building connections between innovators, governments, investors, businesses, and start-ups. Located in the USA, Indonesia and Australia, SecondMuse’s programs have a global reach. SecondMuse delivers locally specific programs based on a detailed understanding of local markets. From hackathons, to business accelerators, to ecosystem orchestration, to the provision of capital, SecondMuse’s activities cover the full stack of the innovation spectrum.
McKinsey.org, a nonprofit founded by global consulting firm McKinsey & Company, is an incubator for new solutions to social issues. It works by applying McKinsey’s capabilities and by partnering with leaders from the private-, public- and social-sectors. Their first program on Sustainable Communities will be looking at how cities can increase the amount of their waste recycled, particularly plastics and organic materials. The initiative aims to tackle the solid waste pollution crisis by: (1) building community scale, self-sustaining recycling programs that harness the full value of waste, and (2) working with industry players to secure a stable, fair price demand signal that will stimulate long-term investment in recycling systems that support equitable and safe working conditions and do not pollute the environment.
About WeWork Labs
WeWork Labs gathers promising early-stage startups and provides them with the space, community and programming to help them succeed. We partner with local incubators and accelerators to provide holistic, long-term support for startups throughout their journey at WeWork Labs. We believe in humanizing the startup process, encouraging inclusivity and diversity, and connecting people to one another. WeWork Labs is a global platform for startups, with over 23 locations around the world. Follow us at @WeWorkLabs on Twitter, Facebook, and Instagram or visit wework.com/labs to learn more.
Raising and deploying capital to water and sanitation enterprises throughout India, Indonesia, Cambodia, and the Philippines.
Press Release – Kansas City, September 20, 2018 – WaterEquity, the first-ever impact investment manager with an exclusive focus on ending the global water crisis, announces the first close of its US $50 million flagship fund—WaterCredit Investment Fund 3 (WCIF3)—at US $33 million. Investors include Bank of America, the Overseas Private Investment Corporation (OPIC), Ceniarth LLC, Niagara Bottling, as well as the Conrad N. Hilton, Skoll, and Osprey Foundations. A second-close is projected before year-end.
Tom Light, Managing Director of WaterEquity said, “We are inspired by the support we’ve received from both existing and new investors who share our belief that markets can deliver financial returns while solving global challenges.”
Investing in microfinance institutions, micro-utilities, toilet manufacturers, and water purification kiosks throughout India, Indonesia, Cambodia, and the Philippines, WCIF3 targets a 3.5% return and projects reaching 4.6 million people with safe water and/or sanitation over its seven-year term. With a blended capital structure, WCIF3 includes a $5 million first loss guarantee that covers both investment returns and principal.
“Niagara Cares is proud to be a contributing partner and foundational investor in WaterEquity. By supporting the sustainable growth of water and sanitation enterprises in emerging markets, we are accelerating an end to the global water crisis for hundreds of millions of women, children, and men.” Kristen C. Venick, Director of Niagara Cares.
WCIF3 builds on the success of WaterEquity’s inaugural investment fund— WaterCredit Investment Fund 1 (WCIF1)—which provides loan capital at slightly concessionary rates to high-performing microfinance institutions in India to scale their water and sanitation loan portfolios. To date, this US $11 million fund has enabled 320,000 people in India to gain access to safe water and/or sanitation and returned capital to owners with a higher-than-expected annual distribution payment of 3.6%. 99% of the individuals directly supported by WCIF1’s investments are women and 77% earn less than $4 a day.
“For investors seeking to align investments with the United Nations Sustainable Development Goals (SDGs), WaterEquity’s funds drive positive impact toward the achievement of all SDGs, in particular the following six—end poverty; good health and well-being; gender equality; water and sanitation; economic growth; and climate change,” said Alix Lebec, Executive Vice President of Investor Relations for WaterEquity.
WaterEquity’s deep knowledge of water and sanitation investment opportunities in emerging markets guide values-based investment strategies that drive sustainable financial returns and social impact. By investing in a portfolio of enterprises in emerging markets, with a deep reach into communities living in poverty, WaterEquity’s investments help these enterprises scale, meet increasing market demand, and deliver universal access to safe water and sanitation.
WaterEquity is the first-ever impact investment manager dedicated to ending the global water crisis, with an exclusive focus on raising and deploying capital to water and sanitation enterprises throughout Asia, Africa, and Latin America. Co-founded in 2017 by social entrepreneur Gary White and actor Matt Damon, WaterEquity combines decades of financial and in-market experience to provide investors a unique opportunity to drive positive social and financial impact. Learn more at https://waterequity.org/
The US investors surveyed trail all other countries surveyed in adoption of sustainable investing in this largest recurring study of High Net Worth Investors, although they have the highest allocation into sustainable investments
Press Release – New York, New York – September 19, 2018 – UBS today launched “Return on values,” the latest edition of its UBS Investor Watch report. UBS Investor Watch is the world’s largest recurring global study of High Net Worth Investors (HNWIs).*
The study reveals stark differences in the sustainable investing landscape. The US has the lowest rate of adoption at 12%, compared to 39% of investors globally. China, Brazil and the UAE lead the charge, with 60%, 53% and 53% of investors respectively indicating they have sustainable investment holdings.
However, despite lower adoption, sustainable investors in the US have the highest average allocation, with 49% of their portfolio assets dedicated to sustainable investments. The average global allocation is 36%.
“Investors see sustainable investing as the way of the future. Across all ages, wealth levels and regions, many believe sustainable investing will become a more mainstream approach over time,” said Paula Polito, Global Client Strategy Officer, UBS Global Wealth Management. “Many of the investors surveyed believe that sustainable investments are wise investments and see no need to compromise their personal values for financial returns.”
Young investors and those with the greatest wealth lead momentum behind sustainable investing
While adoption today is low in the US, investors expect sustainable investing to grow to 19% over the next five years, an increase of 58% from today’s levels. In fact, almost a third (32%) of US investors expect sustainable investing to become the “new normal” in 10 years.
Younger investors and those with the greatest wealth are the leading adopters of sustainable investing, both globally and in the US. Seven in ten (72%) young American investors  invest sustainably, compared to only 6% of investors age 65+. Among the ultra-rich,  40% invest sustainably, compared to 8% of investors with $1 million to $2 million of investable assets.
Confusion and comfort with their investment approach holds investors back
The study finds that among non-adopters in the US, 85% are happy with their existing investment approach, followed by 79% who say that quantifying the impact of sustainable investments is a major barrier.
Confusion about terminology is compounding the issue. Two-thirds of US investors (66%) find the language of sustainable investing perplexing, and less than a quarter (23%) are very familiar with the term itself. Similarly, US investors make little distinction among the three major sustainable investment approaches: exclusion, integration and impact investing.
In the midst of this confusion, it is clear that advisors have an important role to play, with sustainable investors listing their financial advisors as the top influencers in their decision to invest sustainably, followed by family and friends.
“The opportunity for growth in the US is vast, with young people and wealthy investors leading the way and momentum growing,” said Andrew Lee, Americas, Head of Sustainable and Impact Investing at UBS Global Wealth Management’s Chief Investment Office. “Increasing education on the benefits and establishing common conventions for describing and measuring impact will help sustainable investing become the new normal.”
No tradeoff between personal values and returns
The study shows that few investors expect to sacrifice returns when investing sustainably. In fact, 70% of US investors believe the returns from sustainable investments will match or surpass those from traditional investments. They view sustainable companies as more responsible, better managed and more forward-thinking—thus, good investments.
To encourage further adoption of sustainable investing, UBS has committed to raise at least $5bn in impact investments over five years, in support of the UN Sustainable Development Goals. At Davos 2018, UBS announced the first 100% sustainable cross-asset portfolios for private clients, targeting market rates of risk-adjusted return as well as positive social and environmental outcomes.
About the research
* The cited research was conducted among more than 5,300 millionaires with at least $1 million in investable assets (excluding property). The global sample was split across 10 markets: Brazil, China, Germany, Hong Kong, Italy, Singapore, Switzerland, UAE, the UK and the US. The research was conducted between June 2018 and August 2018.
 Aged 18 – 34 years.
 With at least $50 million in investable assets.
Press Release – Zurich, 18 September 2018 – BlueOrchard Finance Ltd (“BlueOrchard”), a leading Swiss-based impact investment manager, is proud to announce the 20th anniversary of its flagship fund, the BlueOrchard Microfinance Fund – the largest commercial microfinance fund in the world. To further raise awareness for investment needs in developing countries, BlueOrchard has initiated the Impact Summit, taking place in Switzerland this October.
The BlueOrchard Microfinance Fund (BOMF) has become with more than USD 1.7 billion AuM the largest commercial microfinance fund in the world and has achieved competitive returns for its private and global investor base, including banks, insurances, and pension funds. For 20 years, BOMF has been fostering inclusive growth in 69 emerging and frontier markets, providing access to financial and related services to over 20 million low-income individuals and households by investing in 325 microfinance institutions. Today, 53% of the Fund’s clients are women entrepreneurs and 42% live in rural areas. BOMF addresses with its investments 11 out of the 17 United Nations Sustainable Development Goals (SDGs).
“During the last 20 years BOMF has proven that financial returns and social impact go hand in hand. While it has grown to become the largest commercial microfinance fund in the world, it remains under the same mission and vision, committed to fighting poverty and empowering people in emerging countries. We are proud to celebrate today the 20th anniversary of this unique fund, said Peter A. Fanconi, BlueOrchard’s Chairman of the Board.
“We are thankful to our investors for making this milestone anniversary possible. Investors today are increasingly asking for investment solutions that generate a financial return while making a social and/or environmental impact. We will continue to provide our investors worldwide with attractive investment solutions which contribute to solving the social and environmental challenges of our time,” said Patrick Scheurle, CEO of BlueOrchard.
In 1998, the General Assembly of the United Nations designated 2005 as the International Year of Microcredit. The Year was established to promote the contributions of microfinance to creating an inclusive and sustainable financial system, which grants access to financial services to the world’s poor. Under the umbrella of the Year, several initiatives were instigated by the UN to encourage microfinance investments. One of these was the launch of the world’s first fully private and commercial microfinance fund in 1998, the BlueOrchard Microfinance Fund (BOMF). The aim was to furnish proof to the idea that fighting poverty and generating market-rate returns is not an either-or choice.
First BlueOrchard Impact Summit
Today, 20 years later, reducing poverty and inequalities are as important and efforts to tackle these challenges are even impeded by the consequences of climate change. Taking place on the 3rd and 4th of October in Pontresina, Switzerland, the BlueOrchard Impact Summit will therefore focus on how investments in Inclusive Growth, Climate Change, Education and Sustainable Infrastructure can be mobilized at scale to address these challenges in developing countries and to close the alarming annual investment gap of USD 2.5 trillion in key sustainable development sectors.
“The upcoming BlueOrchard Impact Summit is a fantastic opportunity for leaders from around the world to discuss resources required to achieve the SDGs in the years to come”, said Peter A. Fanconi, BlueOrchard’s Chairman of the Board.
The Summit will bring together thought leaders from around the world, from public and private sectors to discuss, exchange, learn from each other’s experience and consequently derive solutions on how to reduce today’s rising inequalities. For more information on the Summit and the speakers, please visit: https://www.blueorchard-summit.com/
About BlueOrchard Finance Ltd
BlueOrchard is a leading global impact investment manager. The firm is dedicated to fostering inclusive and climate-smart growth, while providing attractive returns for investors. BlueOrchard was founded in 2001, by initiative of the UN, as the world’s first commercial manager of microfinance debt investments. Today, BlueOrchard provides investors around the world with premium investment solutions, including credit, private equity, and sustainable infrastructure. Being an expert in innovative blended finance mandates, the firm is a trusted partner of leading global development finance institutions. With a major global presence and offices on four continents, BlueOrchard has invested to date more than USD 5bn across 80 emerging and frontier markets, enabling tangible social and environmental impact. BlueOrchard is a licensed Swiss asset manager of collective investment schemes authorized by FINMA. Its Luxembourg entity, BlueOrchard Asset Management S.A., is a licensed UCITS management company as well as a licensed alternative investment fund manager (AIFM) authorized by CSSF. For additional information, please visit: www.blueorchard.com.
Briggs Oversees Ford Foundation’s Impact Investing And Brings Decades Of Public Policy And Movement-Building Expertise To The GIIN
Press Release – NEW YORK, September 18, 2018 – The Global Impact Investing Network (GIIN) today announced the appointment of Xavier (“Xav”) de Souza Briggs as its newest Board member. Briggs is Vice President of Inclusive Economies and Markets at the Ford Foundation, where his role includes overseeing the foundation’s impact investing as well as programming in inclusive economic growth, the future of work, natural resources and climate change, and affordable housing. He is also responsible for overseeing the foundation’s regional teams in Asia and West Africa.
“We are honored to welcome Xav as our newest Board member,” said Amit Bouri, CEO and co-founder of the GIIN. “He is a proven leader whose strong values and unyielding commitment to advancing economic opportunity and sustainable development align well with the GIIN’s mission and objectives. His global reach and understanding of local communities, strategic problem solving, and expertise in catalyzing systems changes will be instrumental as the GIIN continues to drive transformation of the industry and propel the impact investing movement forward.”
Briggs is widely known for his pioneering research and public service in promoting economic fairness and opportunity. Prior to his role at the Ford Foundation, Briggs was professor of Sociology and Urban Planning at the Massachusetts Institute of Technology, where he also served as Head of the Housing, Community, and Economic Development Group. An award-winning author and educator, Briggs’s career also spans public policy, serving as Associate Director of the Office of Management and Budget in the Obama White House and as Policy Adviser and R&D Director at the US Department of Housing and Urban Development under the Clinton administration. Briggs was also a faculty member in Public Policy at Harvard University’s Kennedy School of Government.
“Impact investing holds tremendous potential for funding solutions to some of our greatest global challenges,” Briggs said, “and for reconciling the functioning of capital markets with our highest social values. The GIIN has been the preeminent advocate for impact investing, and I am incredibly proud to join this organization. I look forward to working with the board to further our shared goals of advancing this vital movement.”
The Ford Foundation is a member of the GIIN’s Investors’ Council, a leadership group for large-scale impact investors. Last year, the Ford Foundation publicly committed $1 billion USD of its endowment to impact investments over the next decade, the largest commitment of its kind by a private foundation.
About the Global Impact Investing Network
The Global Impact Investing Network (GIIN) is the global champion of impact investing, dedicated to increasing the scale and effectiveness of impact investing around the world. Impact investments are investments made into companies, organizations, and funds with the intention to generate social and environmental impact alongside a financial return. Impact investments can be made in both emerging and developed markets and target a range of returns from below market to market rate, depending upon investors’ objectives. The GIIN builds critical infrastructure and supports activities, education, and research that help accelerate the development of a coherent impact investing industry. For more information, please visit www.thegiin.org.
Dutch Development Bank Invests $5 Million to Support Sustainable Coastal Fisheries in Indonesia and the Philippines
Press Release – ARLINGTON, VA – The Meloy Fund I, LP, the world’s first impact investment fund dedicated to supporting sustainable coastal fisheries in Indonesia and the Philippines, today announced a $5 million investment from FMO, the Dutch development bank. This brings the fund to a final close at over $22 million. FMO joins a diverse group of family offices, investment managers, and foundations already invested.
Working with partners ranging from finance institutions to civil society organizations and investors, FMO invests in over 80 countries, supporting jobs, income generation and a more livable planet. A supporter of the United Nations’ Sustainable Development Goals, FMO’s role extends beyond financing, helping businesses to operate and grow transparently in an environmentally and socially responsible manner. FMO’s approach demonstrates that strong financial returns and positive impact in developing countries and emerging markets can go hand-in-hand. The investment in the Meloy Fund is made through the MASSIF fund, which is managed by FMO on behalf of the Dutch government.
“FMO is proud to join the Meloy Fund and contribute to the creation of economic opportunities for small-scale fisheries in Indonesia and the Philippines” said Maurice Scheepens, Investment Officer of the Agri, Food & Water department at FMO. “The partnership with Rare, which provides amongst others technical expertise and networks, ensures that inclusive development is linked with the conservation of critical marine habitat.”
“With support from FMO, the Meloy Fund is in a strong position to demonstrate how private capital can support sustainable coastal ecosystems and communities in the Coral Triangle,” said Dale Galvin, Managing Director of Rare’s Sustainable Markets group and Managing Partner of the Fund. “We’re thrilled to partner FMO, which brings a keen eye to impact investing opportunities, and a breadth and depth of institutional experience that will help us deliver significant triple-bottom-line results to our investors.”
Together with the global conservation organization Rare, The Meloy Fund seeks to invest in fishing and seafood-related enterprises in Indonesia and the Philippines that will lead to better management and protection of historically undervalued community-based coastal fisheries, as well as opportunities to boost the livelihoods of local, small-scale fishers. Together, Rare estimates these two nations represent 4.3 million fishers, 2.7 million tons of fish, 21 million hectares of critical marine habitat and $4 billion in latent value to be unlocked if sustainability can be achieved.
Note: This release does not constitute an offer of an investment security by The Meloy Fund I, GP, LLC or related entities.
“Climate risk reporting by public corporations has been hobbled by inconsistent and non-comparable data. Investors have been challenged because there is no clear disclosure regime that allows for true apples-to-apples comparisons. The Climate Risk Disclosure Act of 2018 will improve reporting on climate risk which will benefit investors and clarify reporting requirements for corporations.
“While the SEC already advises that climate change risks can be material for publicly traded companies, in which case they must report on climate risks to investors, companies are not required to report on climate issues in any standardized way through their SEC filings. Furthermore, the SEC has been lax in enforcing climate change disclosures.
“US SIF has called for robust environmental, social and governance (ESG) disclosure reporting since 2009. Meaningful disclosure reporting that provides comprehensive, comparable and reliable data is beneficial to many stakeholders, not just investors.”
The US SIF Foundation’s 2016 Report On US Sustainable, Responsible And Impact Investing Trends in the United States found that money managers with $1.42 trillion in assets under management and institutional asset owners with $2.15 trillion in assets considered climate change risk in their investment analysis, more than three times the assets so affected in 2014. The 2018 Trends Report, which will be released at the end of October, will again highlight and update the extent to which investors are considering climate change concerns and risks.
New option for TD Ameritrade robo-advisor clients interested in sustainable investing
Press Release – OMAHA, Neb.–(BUSINESS WIRE)— TD Ameritrade Investment Management, LLC (“TD Ameritrade”)1 today announced Socially Aware options for robo-advisor clients, helping investors to align their portfolios with their values by considering environmental, social and governance (ESG) factors when they invest.
“There is a growing appetite from investors of all generations, particularly millennials, for investments that provide additional value beyond the financial returns. We are pleased to offer them a low-cost, automated investing option in ESG-centric portfolios,” said Lule Demmissie, managing director of investment products and guidance, TD Ameritrade, Inc.
TD Ameritrade now offers five Socially Aware portfolios that provide exposure to ESG investing through well-diversified exchange-traded funds (ETFs) that are designed to suit different risk preferences and investing goals. The portfolios are available through Essential Portfolios, TD Ameritrade’s fully digital robo-advisor platform.
ESG investing assesses companies using a scoring system created by Morgan Stanley Capital International (MSCI), a leading provider of market indices. If a company earns a higher score than its industry peers across the three ESG categories (environmental, social, governance), it’s assigned a higher ESG rating, a growing factor in the investment decision-making process.
“We carefully reviewed the current ESG investment offerings available for investors today,” said Joe Correnti, director of guidance portfolio construction and management, TD Ameritrade Inc. “We then considered the investment vehicles that we believe best captured the essence of ESG investing, and would be appropriate for inclusion in our client portfolios,” Correnti explained.
In addition to launching Socially Aware for Essential Portfolios clients, TD Ameritrade is releasing insights from a new “Socially Responsible Investing Survey”:
Socially Responsible Investing Deemed Important, Especially by Women and Millennials
ESG Investors Favor Environmental, Social Factors Over Financials
“With companies providing more extensive data about their ESG practices, in addition to ESG research and analysis methods becoming more advanced than ever before, investors can feel more empowered to address their desires for social and environmental change through their investments,” continued Demmissie. “By investing in Socially Aware portfolios, they can now further align investments with their values.”
To learn more about the Socially Aware feature available for TD Ameritrade Essential Portfolios clients, visit https://www.tdameritrade.com/investment-guidance/investment-management-services/essential-portfolios/esg-investing.page.
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About TD Ameritrade Holding Corporation
TD Ameritrade provides investing services and education to more than 11 million client accounts totaling more than $1.2 trillion in assets, and custodial services to more than 6,000 registered investment advisors. We are a leader in U.S. retail trading, executing an average of more than 780,000 trades per day for our clients, more than a quarter of which come from mobile devices. We have a proud history of innovation, dating back to our start in 1975, and today our team of nearly 10,000-strong is committed to carrying it forward. Together, we are leveraging the latest in cutting edge technologies and one-on-one client care to transform lives, and investing, for the better. Learn more by visiting TD Ameritrade’s newsroom at www.amtd.com, or read our stories at Fresh Accounts.
Prior to enrolling in the Socially Aware portfolios, please read TDAIM’s whitepaper and see the TDAIM Disclosure Brochure (Form ADV Part 2A) http://www.tdameritrade.com/forms/TDA4855.pdf
Advisory services are provided by TD Ameritrade Investment Management, LLC (“TD Ameritrade Investment Management”), a registered investment advisor. Brokerage services provided by TD Ameritrade, Inc. TD Ameritrade Investment Management provides discretionary advisory services for a fee. Risks applicable to any portfolio are those associated with its underlying securities. For more information, please see the Disclosure Brochure (Form ADV Part 2A) http://www.tdameritrade.com/forms/TDA4855.pdf
About the TD Ameritrade Socially Responsible Investing Survey
A 10-minute online survey was conducted with 1,056 American adult investors with at least $250,000 in investable assets by True North Market Insights, between March 16, 2018 and March 19, 2018, on behalf of TD Ameritrade Holding Corporation. The statistical margin of error for the total sample of 1,056 American adults within the target group is +/- 2.6 percent. TD Ameritrade and True North Market Insights are separate and unaffiliated firms and are not responsible for each other’s services or policies.
Source: TD Ameritrade Holding Corporation
 Socially aware portfolios and other advisory services are offered through TD Ameritrade Investment Management, LLC, a registered investment advisor affiliate of TD Ameritrade, Inc. (“TD Ameritrade”) and a subsidiary of TD Ameritrade Holding Corporation.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180906005134/en/
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Impact investors must proactively target 2030 Sustainable Development Goals to help address a massive global funding gap
Press Release – NEW YORK, September 6, 2018 – The Global Impact Investing Network (GIIN) today published a new report, ‘Financing the Sustainable Development Goals: Impact Investing in Action’, that reiterates the need for impact investors to raise and direct new capital to help meet the United Nations’ Sustainable Development Goals (SDGs) by 2030. With an estimated $5-7 trillion needed annually to achieve the goals, it is clear that more capital, deployed by investors whose aims align with these goals, is an absolute requirement. The report, released in advance of the agenda for the UN’s Global Goals Week, Sept. 22-29, showcases the potential for impact investing to catalyze progress towards these goals.
A series of case studies illustrates the evolution of increasingly sophisticated and targeted approaches by impact investors directing capital towards the SDGs. From designing investment products around one or several SDGs to making those goals a focus of their capital raising, the investors in the GIIN report show how to proactively target and incorporate them throughout the investment cycle. This includes during sourcing and due diligence, investment selection and structuring, investment management, and exits.
“The SDGs are an embodiment of the global agenda for development, and if we are to meet them by 2030, the collective effort of governments and private organizations needs to scale at a much faster pace. Despite some early progress, the need is more urgent than ever to inject new capital into high-impact businesses that address critical social and environmental challenges,” said Amit Bouri, CEO and Co-Founder of the GIIN. He added, “Through these case studies, we are highlighting investors and their strategic approaches to the SDGs, which we hope will inspire those in the investment community to consider how they too can take active roles in helping achieve these goals.”
The investors featured in the report, many of which target market rates of return, include:
“What we see in these examples is a proactive, focused approach to the SDGs,” said Bouri. “It isn’t enough now to simply “tag” relevant investments to SDG issue areas, although this is a good first step. What the world urgently needs is significantly more investment capital being channeled to these social and environmental priorities. The SDGs have been called ‘the world’s hardest to do list’, but with the help of leaders in the private capital markets, they may be achievable.”
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