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MySocialGoodNews is dedicated to sharing news about
social entrepreneurship, impact investing, philanthropy
and corporate social responsibility.

Crowdfunding for Social Good

Devin D. Thorpe

Devin Thorpe

Impact Investing

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.

Code For America Expands Program To Promote Citizen-Driven Government In The Digital Age, With A New $2 Million Investment From Knight Foundation

Funding will support the next phase of Code for America Brigades—local networks of technologists, community leaders and local officials passionate about using technology to help government work for people

Press Release – SAN FRANCISCO–August 30, 2018–Code for America will strengthen its national Brigade network of community organizers, developers and designers that use technology to improve how local government serves the American public, with $2 million in new funding from the John S. and James L. Knight Foundation. The support will help expand the network over the next 2 years, building on Knight’s early support of the initiative.

“Code for America launched as an experiment, testing whether engaged citizens could use tech to make government work better for people; it has made great progress in this goal,” said Lilian Coral, Knight Foundation director for national strategy and technology Innovation. “This next phase is about establishing a stronger infrastructure for these efforts, as technology becomes ubiquitous in our communities and building strong connections between government and people becomes even more essential.”

Code for America and its local Brigades sit at the intersection of communities, city government and technology. Founded in 2009, Code for America is, in many ways, the seminal organization that founded what we know today as the civic tech movement.

Since 2012, the Code for America Brigade network has worked with local government and community partners to build and implement technology tools that help address local civic issues. Knight Foundation’s early support of the initiative helped the network grow substantially and mainstream the integration of technology in city governance. Since Knight’s initial investments, Code for America’s network has grown from 3 to 77 Brigades; the initial group of under 100 volunteers has grown into a network of 25,000 people—techies and non-techies alike.

New Knight support will now help support the next phase of growth for the Code for America Brigades, expanding its capacity and establishing advisory councils to amplify its impact within communities. The support will further allow Code for America to implement a redesigned fellowship model with a deeply local focus, connecting technologists from the community with city initiatives. The refreshed model will enable these technologists to better collaborate with government in building tools that help address local civic issues.

In addition, the organization will foster and develop the Code for America Brigade network through trainings, workshops and forms that bring Brigades together across cities. It will also work to expand local Brigades in communities where Knight invests; the number of members and the number and quality of the projects they work on; and the partnerships they develop within their communities and with local governments.

“Code for America believes that making government work for the people, by the people in the digital age creates strong, vibrant communities. In the last five years, volunteers in Brigades have defined a ‘new kind of public service.’ Strengthening the capacity for this kind of civic engagement is critical if we hope this impact to spread,” said Jennifer Pahlka, founder and executive director at Code for America. “We are grateful to the Knight Foundation for their continued vision and commitment to this work.”

Code for America Brigade volunteers get to know the people in City Hall (and sometimes, in fact, work in local government as their day job); advocate for digital practices that will benefit the public; and build solutions. They have increased youth access to local job opportunities in Boston; improved access to justice in Salt Lake City; tackled the affordable housing crisis in Asheville; developed tools for planners to build better bike routes in Philadelphia; and improved the delivery of health and human services in Missouri, among other successes.

In addition to organizing its volunteer Brigade network, Code for America builds easy-to-use technologies that improve government services in the areas of health, food, criminal justice and jobs, then it shares what it has learned with its broad network to enact long-term systems change.

Support for Code for America forms part of Knight Foundation’s efforts to harness the growth in digital technology to enable more informed and engaged communities. The foundation seeks to invest in strategies that increase responsiveness, connectedness and engagement to residents through the use of technology.

About Code for America

Code for America believes government must work for the people, and by the people, in the digital age, starting with the people who need it most. We build digital services that enhance government capabilities, and we help others do the same across all levels of government. We organize thousands of volunteers across nearly 80 chapters nationwide who improve government in their local communities. Our goal: a 21st century government that effectively and equitably serves all Americans. Learn more at codeforamerica.org.

About the John S. and James L. Knight Foundation

Knight Foundation is a national foundation with strong local roots. We invest in journalism, in the arts, and in the success of cities where brothers John S. and James L. Knight once published newspapers. Our goal is to foster informed and engaged communities, which we believe are essential for a healthy democracy. For more, visit kf.org.


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Palladium Impact Investments Provides Debt Finance To Support Female Shea Nut Pickers And Processors In Ghana

  • Palladium Impact Investments provides cash boost to female-owned company Naasakle to support more than 5,000 women shea nut pickers and processors in northern Ghana
  • Naasakle manufactures shea butter for the cosmetic industry and then sells in bulk to US wholesale clients as well as packaged beauty products to the retail market
  • Global demand for shea butter products increased by 1200% from 2005 to 2015
  • Palladium’s financing will accelerate Naasakle’s growth and the fair treatment of local pickers and processors, through production improvements, equipment purchases and working capital

Press Release – London – 20 August, 2018: Global impact firm Palladium has invested in family-run social enterprise Naasakle, which supports female shea nut pickers and processors in northern Ghana.

Naasakle operates a vertically integrated business model in the shea value chain – an industry which saw global demand for its products increase by 1,200 per cent from 2005 to 2015.

The company sources and processes shea nuts in northern Ghana from more than 5,000 women pickers, who have traditionally been cut off from a fair share of the profits of their labour. Naasakle pays them up to 25% more than the price usually handed over by middlemen and traders. Naasakle then sells shea butter – locally referred to as “women’s gold” – in bulk to wholesale clients and packaged beauty products to retailers around the world.

Palladium’s loan will help accelerate Nasaakle’s growth, through production improvements, equipment purchases and working capital funding. The company’s growth will benefit women nut pickers, for whom nut picking is the primary source of income, as well as processors.

Nasaakle also provides technical and financial literacy training, organises savings programmes and pays for local warehousing facilities. By providing these services, the company gives women access to a stable and ready market for their inputs with limited waste and higher payments.

Roberta Bove from Palladium Impact Investments said “We are proud to be backing Naasakle and look forward to working with them to ensure the business’ success and its positive impact for rural women who are routinely cut off from a fair share of the profits emanating from their labour.

“Naasakle helps bridge the gap between female shea nut pickers in northern Ghana and the increasing global demand for shea butter products.”

The loan to Naaskale is an ‘impact investment’, as it mobilises Palladium’s own capital to improve the lives of shea nut pickers and processors in Ghana, while generating a financial return. At the core of Palladium’s investment criteria is the impactful nature of the investee enterprise, which delivers positive social and/or environmental impact, in a sustainable way. Businesses that Palladium invests in, such as Naasakle, have positive impact embedded right into their business models, and as the businesses’ growth accelerates thanks to Palladium’s funding so does their contribution to vulnerable people in developing countries.


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Wahed Invest Launches UK’s First Easy Access Digital Halal Investment Platform

  • Survey shows that more than half of British Muslims feel excluded from mainstream financial services
  • Online platform makes Halal investing quick, easy and affordable; Ethical Review Board ensures all returns are Halal
  • Service already established in the USA with thousands of clients from all 50 states, now available to British investors

Press Release – 20 AUGUST LONDON – Wahed Invest has launched the UK’s first Halal online investment platform that is authorised by the Financial Conduct Authority, allowing savers from all income brackets to easily invest in a globally diversified portfolio of ethically responsible stocks, Islamic bonds and gold. With a recent survey showing that over half of British Muslims feel excluded from mainstream financial services providers, this new service will make ethical investing accessible to all, regardless of their financial knowledge or income [1].

The platform, which is already available in the USA across all 50 states, allows users to open an account in minutes with a minimum investment of £100. For the first time, mainstream investors can gain access to products not traditionally available to retail investors, such as Sukuk. With no lock-in period, users also have the flexibility to place deposit or withdrawal requests at any time.

Mohammed Ibrahim Morshed, Head of UK at Wahed Invest, said: “Our mission is to make Halal investing an accessible and affordable means of long-term saving for the millions of UK Muslims who currently feel excluded from mainstream financial services. For too long, the needs of the community have been overlooked, with many Muslims finding it impossible to build nest eggs that are in line with their faith.

“By providing access to a low-cost, accessible investment platform that is advised by our full-time Ethical Review Board, Muslim and non-Muslim investors alike can now be completely confident that they are creating portfolios that are ethically sound.”

Wahed charges a single annual fee, inclusive of all management fees, custodian fees, and transaction fees, and there are no hidden or rebalancing fees. These are factors which Wahed’s survey highlights as especially popular when choosing to invest with a new Halal provider, with ease of withdrawing money (57%) and low cost including minimum deposit (49%), considered the most popular among UK Muslims. Users are able to monitor performance daily through the digital platform.

In order to ensure all returns are Halal and in accordance with Islamic principles, Wahed has a full-time Ethical Review Board. All securities undergo a rigorous screening process in which Wahed’s investment management partners and ethical scholars work together to tailor portfolios to provide attractive investment returns. This means the following are screened: excess debt, tobacco, alcohol, firearms, gambling, adult entertainment, impure foodstock and usurious institutions.

The Ethical Board is chaired by Sheikh Taha Abdul Basser alongside Sheikh Humza Maqbool Chaudhry and Sheikh Musa Furber. Wahed Invest is authorised by the Financial Conduct Authority.

[1] ‘Wahed Invest survey’ July 2018.


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AllianzGI Achieves Highest Possible Score For ESG Strategy & Governance From PRI

Press Release – Allianz Global Investors, a leading global active investment manager has received an A+ for its overarching approach to ESG Strategy and Governance for the second year in a row.

The annual Assessment Report from the PRI Association (‘Principles for Responsible Investment’) looks at how signatories are progressing in incorporating ESG factors into investment decisions, and aims to provide feedback to signatories to support the ongoing development of their ESG credentials.

AllianzGI achieved an ‘A’ score across all modules and the highest possible, ‘A+’ score for Strategy & Governance. This category encompasses AllianzGI’s ESG policies, objectives, memberships of various organisations and considers how the firm promotes ESG efforts internally and externally. Additionally, we received an A+ for the Infrastructure Equity module, which is a great achievement considering we reported on it for the first time this year.

Module NameAllianzGI score 2018Median score 2018 (all signatories)
Strategy & GovernanceA+A
Listed Equity - IncorporationAB
Listed Equity - Active OwnershipAB
Fixed Income - SSAAB
Fixed Income - Corporate FinancialAB
Fixed Income - Corporate Non-FinancialAB
Fixed Income - SecuritisedAC
Infrastructure EquityA+A
The PRI Assessment Report aims to provide feedback to AllianzGI as PRI signatory to support ongoing learning and development. The report presents a comprehensive overview of the assessed modules AllianzGI reported on and compares the respective AllianzGI performance to the peer group. Each module score ranges from “A+” (highest score) to “E” (lowest score) and is calculated from a respective set of indicators grouped together in module specific sections. 2018 scores refer to reporting period January 2017 - December 2017

Commenting on the results, Steffen Hoerter:, Global Head of ESG at AllianzGI, said:

“This year we have strengthened our scores by – among others things – answering more voluntary questions and reporting on them externally, giving examples of where ESG issues have had an impact on investment decisions and by answering the module on Infrastructure Equity for the first time. It is great to see that these efforts have been recognized by the PRI.”

“We are convinced that ESG factors are important investment performance drivers that can only be realised fully through a truly active approach to asset management. Recognising the value that ESG factors can add to portfolios and to our clients, we are committed to integrating ESG factors into all investment decisions and across all asset classes on our global investment platform.”

AllianzGI, one of the investment management industry’s responsible investment pioneers, has been a signatory to the Principles for Responsible Investment (PRI) since 2007. PRI is one of the most important and powerful global initiatives in the area of responsible investing with more than 1,900 signatories from over 50 countries representing approximately USD 80 trillion.

More information on AllianzGI’s ESG approach, including the PRI Transparency Report 2018, can be found on our website.

Background information on the PRI Assessment

The PRI Assessment report, produced by PRI Association, is designed to provide feedback to signatories to support ongoing learning and development. Each module score ranges from “A+” (highest score) to “E” (lowest score). For more information on PRI please visit: www.unpri.org.


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New Report Reveals A Growing And High-Potential Impact Investing Market In Southeast Asia

Press Release – NEW YORK, AUGUST 2, 2018 – The Global Impact Investing Network (GIIN), in partnership with Intellecap Advisory Services, has published The Landscape for Impact Investing in Southeast Asia, the first-ever detailed analysis of impact investing activity across Southeast Asia. The report was generously supported by Investing in Women, an initiative of the Australian Government which is partnering with impact investors to grow impact investments in women owned and led SMEs in Southeast Asia. The Landscape for Impact Investing in Southeast Asia provides deep insight into the three most active markets in the region: Indonesia, Vietnam, and the Philippines, and a broader regional overview of the remaining eight countries, namely Brunei, Cambodia, East Timor, Laos, Malaysia, Myanmar, Singapore, and Thailand.

Abhilash Mudaliar, Director of Research at the GIIN, says, “The Asia Pacific region has been the fastest growing impact investing market worldwide over the past five years. This report shows why that’s not surprising. The countries across the region offer dynamic business environments with increasing entrepreneurial and investment activity focused on ensuring inclusive and sustainable economic development.”

The report outlines opportunities and challenges for impact investors and analyzes regulatory and economic factors that inform investment decisions in each country. Overall, the report sheds light on a dynamic and expanding regional impact investing market:

  • Investment activity in Southeast Asia has increased over time. Since 2007, Private Impact Investors (PIIs) have deployed USD 904 million through 225 direct deals, and Development Finance Institutions (DFIs) have deployed USD 11.3 billion through 289 direct deals. For both sets of investors, investment activity has increased significantly in recent years.
  • Indonesia, the Philippines, and Vietnam are the three largest markets in the region accounting for over 60% of capital deployed to date. However, each country in the region faces its own set of social and economic challenges, and presents investors with unique opportunities to develop strategies that both generate a financial return and have a positive impact.
  • The top three impact investment sectors in the region have been financial services, energy, and manufacturing, accounting for over 80% of total capital deployed. As the market expands there is growing interest and activity in sectors such as education, healthcare, and workforce development.

On the findings, Mudaliar notes, “Historically, most capital for impact investing in the region has originated from investors in North America or Western Europe. A particularly promising trend is the growing participation of local investors – led by wealthy families and high net-worth individuals. We expect this trend to expand rapidly across all investor segments in the coming years.”

The report also finds that there is increasing awareness and uptake of gender lens investment (GLI) strategies in the region, which are investments that seek to address gender disparities and/or examine gender dynamics to inform better investment decisions. A growing number of investors have started developing GLI strategies in recent years, with USD 40 million deployed into more than 30 deals in Indonesia, the Philippines, and Vietnam alone.

Dr. Julia Newton-Howes, CEO of Investing in Women, argues, “This important research provides much needed market intelligence for Southeast Asia and reveals the growing appeal of impact investing in the region. Importantly, moving capital with a gender lens can unlock a significant under-served market and additional social impacts. Obviously, investing with a gender lens has a long way to go in the region, particularly with development finance. But we recognize that impact investing will not reach its full potential without incorporating an intentional gender lens and are proud to partner with the GIIN and Intellecap on this publication.”

The Landscape of Impact Investing in Southeast Asia report is based on interviews conducted with over 100 stakeholders, a thorough review of existing research, and aggregate analysis of over 500 impact investing transactions made since 2007.

Download the full report

This project was generously supported by Investing in Women, an initiative of the Australian government.


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OPIC Provides Loan to Support Small Business Lending and Transportation in Uganda

Press Release – WASHINGTON – The Overseas Private Investment Corporation (OPIC) has provided a $5 million loan to Tugende Limited, which supports small business lending and expanded transportation in Uganda by providing lease-to-own financing to motorcycle taxi drivers.

Tugende is a six-year-old business that tapped into pent up demand for lease-to-own financing among motorcycle taxi drivers and quickly expanded into a 150-employee business that has to date served more than 12,000 customers — 5,000 of whom have already purchased their motorcycle taxis outright. The business, which has grown with no advertising, will use the OPIC loan to scale up its successful operations in Uganda, and offer a path to ownership and higher income for many more of the estimated one million full time motorcycle taxi drivers in East Africa.

Tugende, which means “let’s go,” was founded by American Michael Wilkerson who spent time as a Fulbright scholar and a journalist in Uganda and discovered that “bodas” or motorcycle taxis, were a critical part of the country’s transportation infrastructure. As he got to know more boda drivers he also learned that many worked long hours but could not attain financial security since they could not access the credit to purchase their own bodas.

Motorcycle taxis are a key form of transportation in Uganda.

“By supporting Uganda’s boda drivers, we are empowering local entrepreneurs while also helping to strengthen a key mode of transportation in Uganda,” said Ray W. Washburne, OPIC President and CEO. “This project will advance OPIC’s new Connect Africa initiative to invest in transportation, technology and value chains across the continent.”

In addition to promoting boda ownership, Tugende offers drivers training on safety, financial planning and customer service. Drivers can typically take ownership of a boda in 20 months, which can result in them doubling their take home income. Many of these borrowers have used this additional income to invest in healthcare and education for their families, or to start additional small businesses and create more jobs.

“Bodas are a key source of transportation in Uganda, but for boda drivers and many other small business operators access to capital has always been the biggest challenge,” said Tugende Founder and CEO Michael Wilkerson. “OPIC’s financing will help us provide financial security, asset ownership and higher income for thousands of additional drivers and improved quality of life for tens of thousands of their family members.”


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OpenInvest Secures $10.4M In Series A Round, Led By QED Investors

Socially Responsible Investing Platform Raises Funding to Support Recent Expansion into New Customer Segments & Tap $23T Market Opportunity

Press Release -SAN FRANCISCO (July 26, 2018) – OpenInvest (www.openinvest.com), the first digital investment advisor for socially responsible investing, announced today that it raised $10.4 million in Series A funding. The round was led by QED Investors, with additional participation from Andreessen Horowitz (who led OpenInvest’s previous venture round in 2017) SYSTEMIQ, Wireframe Ventures, Yard Ventures and Abstract Ventures.

According to Morningstar’s Sustainable Funds U.S. Landscape report, assets under management in portfolios using various approaches to sustainable investing have grown to an estimated $23 trillion globally, an increase of more than 600 percent over the past ten years. OpenInvest’s platform delivers customized investment portfolios aligned with an individual’s or institution’s values. ESG (environmental, social, and governance) investing, or investing with the intention to generate a measurable, beneficial social or environmental impact alongside financial returns, is increasingly in-demand.

“Socially responsible investing is one of the fastest-growing segments of equities management,” said Greg Mazanec, Partner, QED. “Early on, OpenInvest recognized the need for an efficient way to personalize investments around values and created a first-of-its-kind investment technology platform that filled this void. OpenInvest is positioned to become the next tech-driven financial powerhouse, and we’re excited to support the company’s rapid growth.”

OpenInvest has digitized the management of custom managed accounts. Clients ranging from only $100 to tens of millions of dollars in assets – and their advisors – use OpenInvest to instantly launch portfolios that reflect particular environmental and social concerns, while tightly tracking any market index or specified investing strategy. Thereafter, they have access to cutting-edge features such as real-time impact reporting, voting in shareholder resolutions with a swipe, full transparency, tax-loss harvesting and other features.

“OpenInvest is building the wealth management platform of the future,” said Conor Murray, co-founder and chief executive officer. “We put advisors and clients in the driver’s seat, while replacing layers of intermediation beneath them who traditionally blocked transparency and control.”

Investors can align their assets with their values by customizing their portfolios through OpenInvest’s cause-based investment screens, including but not limited to: divestment from fossil fuels producers, deforestation, the prison industrial complex or weapons; supporting gender equality, LGBTQ rights, refugees and low-carbon leaders, among many others. Investors can also further individualize their portfolios by including or excluding individual companies. In the meantime, each user’s portfolio auto-rebalances to keep them tightly tracking market indices.

“OpenInvest has built the infrastructural layer for the coming post-fund paradigm,” said Joshua Levin, co-founder and chief strategy officer, OpenInvest. “In the past, financial institutions’ competitive advantages came from black boxes. The future is defined by transparency, technology, and values.”

Built by hedge fund technologists and civil society leaders, OpenInvest is changing the way that people invest. The new funding will enable the company to further accelerate its growth and support its continued technological innovation. Recently, the company expanded its customer offering from retail investors to advisors and to institutions such as pension funds, family offices, foundations, and endowments.

For more information, please visit www.openinvest.com.

About OpenInvest

OpenInvest (https://openinvest.com) is a registered investment advisor with the U.S. Securities and Exchange Commission and one of the first venture-backed Public Benefit Corporations. The company was founded by a unique set of innovators: a technology leader from the world’s largest hedge fund (Bridgewater), a sustainable finance leader from the world’s largest environmental NGO (WWF), and the founder of a consumer tech unicorn (Deliveroo). OpenInvest’s mission is to use technology to help mainstream values-informed investing… OpenInvest’s technology platform supports full client customization, in-depth impact reporting, dynamic divest-invest activity, easy shareholder engagement, and more, while ensuring clients tightly track specified market indices. To get started, contact your advisor, visit openinvest.com, or download the iOS or Android app. Follow OpenInvest on Facebook and Twitter.

About QED Investors

QED Investors is a leading boutique venture capital firm based in Alexandria, VA. They are focused on investing in early stage, disruptive financial services companies in the U.S., U.K. and Latin America. QED is dedicated to building great businesses and uses a unique, hands-on approach that leverages their Partners’ and Principals’ decades of entrepreneurial and operational experience, helping their companies achieve breakthrough growth.


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OPIC President And CEO Highlights U.S. Investments In Uganda

Press Release – KAMPALA, Uganda – Overseas Private Investment Corporation (OPIC) President and Chief Executive Officer Ray W. Washburne today visited Uganda where he met with Prime Minister Ruhakana Rugunda and Minister of Finance Matia Kasaija to discuss investment opportunities to advance development in the country, and visited OPIC-supported projects. Uganda is the fifth stop on a six-country trip to promote U.S. investment in Sub Saharan Africa, strengthen partnerships, and identify opportunities to work with regional allies on projects that drive economic growth and stability throughout the region.

Among the projects visited was the telecommunications company Africell will use OPIC financing to expand mobile networks in The Gambia, Sierra Leone, Uganda and Democratic Republic of the Congo. This project is helping catalyze economic growth and advance OPIC’s efforts to further connect Africa to the global market and supports the mission of OPIC’s new Connect Africainvestment initiative.

“Africa leads the world in mobile adoption, which continues to offer opportunities across a range of sectors,” said Washburne. “Supporting investments in technology not only increases connectivity, but also critical economic opportunity and growth.”

Washburne is traveling to Africa to explore investment opportunities and to highlight OPIC’s new Connect Africa initiative to invest more than $1 billion in transportation, technology and value chains on the continent. The trip has also included visits to Zambia, Rwanda, South Africa, and Botswana. From Uganda, Mr. Washburne will travel to Kenya to meet with senior government officials and visit OPIC supported projects.

Africa is a longstanding priority for OPIC and accounts for about one-quarter of the agency’s $23 billion global portfolio.

As part of his National Security Strategy, President Trump highlighted the need for a modernized approach by the U.S. government to development finance to help grow aspiring partners, promote economic relationships, and increase investment in regions important to American interests.

Learn more about OPIC’s Connect Africa Initiative.


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BNP Paribas Asset Management appoints Jane Ambachtsheer as Global Head of Sustainability

Press Release – BNP Paribas Asset Management (‘BNPP AM’) announces the appointment of Jane Ambachtsheer as Global Head of Sustainability. Jane will report to Frédéric Janbon, CEO and Head of Investments of BNP Paribas Asset Management. She will join on 27 August and will be based in Paris.

In her new role, Jane will be responsible for BNPP AM’s overarching approach to sustainability. Together with Helena Viñes-Fiestas, BNPP AM’s Deputy Head of Sustainability, she will lead on sustainability related research, Environmental Social and Governance (‘ESG’) integration, engagement, advocacy and governance. Jane will also manage BNPP AM’s overall corporate social responsibility (‘CSR’).

Jane Ambachtsheer

Frederic Janbon, CEO of BNP Paribas Asset Management comments:

“We are very proud to welcome Jane. As a seasoned professional who is recognised globally as a leading influencer in responsible investment, Jane adds outstanding expertise to a central pillar of BNPP AM’s strategy. While we continue to strengthen our commitment to long term investing as well as acting as a responsible firm, having Jane on board will definitely accelerate the path to achieve our goals as a leading player in sustainable finance.”

Jane was previously Partner and Chair of Responsible Investment at Mercer, where she oversaw the strategy for the Responsible Investment team and advised investors around the world. Jane has spent over 20 years in the investment industry, with a focus on responsible investment since 2003, after joining Mercer as an investment analyst in 2000.

Jane was consultant to the United Nations through the development of the Principles for Responsible Investment (PRI), which are now supported by more than 1,800 signatories representing $70 trillion in assets. She is involved in a large number of industry initiatives, including as a Trustee of Carbon Disclosure Project, a member of the Financial Stability Board Task Force on Climate-related Financial Disclosures, and a member of the PRI Academic Working Group. Jane is also an Adjunct Professor at the University of Toronto, and a Research Affiliate at the University Oxford Smith School of Enterprise and the Environment.

Jane holds a Master of Social Science from the University of Amsterdam and a Bachelor of Economics and English literature with honours from York University.


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KKR Identifies Six Key Global Challenges Facing Portfolio Companies In Annual ESG And Citizenship Report

Press Release – NEW YORK – July 19, 2018 – In its eighth annual Environmental, Social, Governance (ESG) and Citizenship Report released today, KKR identifies key global challenges that can affect its companies, that its companies can impact, or both. Further, the report outlines the steps KKR is taking to collaborate with these businesses to improve operations and performance. It also explains the Firm’s commitment to providing an unrivaled employee experience and to strengthening the communities in which it operates.

Focused on ESG and citizenship issues, the report provides a fresh look at KKR’s commitment and approach to responsible investment, which involves the thoughtful consideration of ESG factors in the decision-making process and management of companies, including more than 100 private equity companies and nearly 700,000 employees around the world.

“We see both opportunities and risks on the horizon and proactively partner with our portfolio companies to thoughtfully manage them,” said Elizabeth Seeger, Director of Sustainable Investing at KKR. “Our understanding of how ESG issues can drive value helps us invest responsibly while also producing better outcomes for our clients, companies and communities.”

The six challenges identified in the report include adapting to climate change, supporting better agriculture, managing resource constraints, investing in infrastructure, treating and preventing disease, and focusing on employees. This focus on the workplace is a new global challenge identified in this year’s report, in addition to the five global challenges highlighted in previous reports.

“Private capital plays a major role in solving some of the significant challenges facing our society. We believe we must contribute solutions and, in this report, we share how we are positioning our firm to do just that,” said Joe Bae and Scott Nuttall, Co-Presidents and Co-Chief Operating Officers of KKR.

Highlights from the annual ESG and Citizenship report include the following:

  • Identifying a New Global Challenge: This year’s report identifies The Talent Puzzle: Focusing on Employees as a new global challenge affecting companies in addition to the five global challenges highlighted previously.
  • Emphasizing Dialogue: Responsible investment is not a destination, but rather a journey of continuous growth and improvement. This report offers insight into KKR’s internal dialogue on this journey with messages from the Firm’s leaders and responsible investment leaders of the Global Public Affairs team.
  • Advancing Solutions: KKR is increasingly investing in businesses that are working to address pressing societal issues. Based on where the Firm sees future opportunities, KKR has invested more than $4.6 billion behind sustainable solutions-oriented themes since 2008.
  • Achieving Impact: The Firm is continuing to collaborate with portfolio companies to improve their business performance. A series of case studies can be explored to learn how these KKR portfolio companies are reducing their environmental impacts, focusing on employee engagement, and bolstering innovation, while simultaneously improving the financial bottom line.
  • Rewarding Innovation: In the spirit of innovation and value creation, KKR presented the second Eco-Innovation Award as a mechanism to encourage and reward portfolio companies for innovative, environmentally beneficial projects that create business value.
  • Driving Diversity: Becoming more diverse and inclusive is a strategic imperative for KKR because the Firm believes this focus can maximize performance and produce better results. This year’s report outlines the Firm’s progress since the creation of an Inclusion & Diversity Council in 2014. Additionally, KKR collaborates with portfolio companies to enhance their recruitment and retention of talented, diverse employees.
  • Stronger Communities: The report provides an overview of the KKR Cares platform and its strategic programs and opportunities that encourage, inspire, and support employees as they engage with nonprofits and their communities. A highlight includes KKR’s 40 for 40 employee volunteering program, which has resulted in more than 650 employees giving more than 7,000 hours to nonprofits around the world.

To download the full ESG and Citizenship Report or obtain more information about KKR’s progress, visit www.kkresg.com.

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic manager partnerships that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.


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