Impact Links: Homeowners Insurance Affected by Wildfire Risk; KKR Global Impact Fund New Investment; World Resources Institute Agenda to Solve Food Loss; Amazon Fires Speeding Up Climate Change; 3M’s Increasing Commitment to Recycling; Bill Gates on
- Insurance companies in California are choosing not to renew homeowners’ policies because of wildfire risk. The KKR Global Impact Fund received a $225 million investment from UBS. A new report by the World Resources Institute lays out a global action agenda to solve the... ›
Impact Links: Fortune 2019 Change the World List; Apollo Global Management Debut Social Impact Fund; The Transportation Sector in Sustainable Development Goals; AI in Sustainable Investment; Japan’s Pledge to UNSDG; Portugal’s Sustainable Wine Indus
Fortune released its 2019 Change the World list of 52 companies using their business to help the planet. Apollo Global Management jumps into impact investing with a $1 billion debut social impact fund. In his latest Forbes piece, Bob Eccles discusses the importance of... ›Impact Links: ESG Ratings; P&G Interviews; Stanford Study Shows Racial Bias in VC; Helsinki Sustainability App; World’s Most Sustainable Industrial Building; IPCC Climate Change Report; Climate Change and the Corporate World
How can you tell if your investment is really responsible? The Washington Post provides an overview of ESG ratings. Procter & Gamble’s chief sustainability officer explains how she is making sustainability “irresistible” in a new piece in Forbes. A new study led by a... ›Impact Links: Morgan Stanley Impact Quotient; Shroders acquires BlueOrchard; Morning Star sustainable fund data; Africa lags in SDGs progress; Forest Sector Roadmap; Climate change and the global economy; Sea rise threatens 800,000 U.S. homes.
Morgan Stanley announced a new tool to help financial advisors and their clients’ measure sustainable investment performance, allowing the prioritization of selected environmental, social and governance interests and alignment with the United Nations Sustainable Development Goals. Schroders expanded its impact investing strategy through its... ›Impact Links: EY Proxy Season Review Report; Rhino Impact Bonds; UN SDGs; Climate Emergency Fund; Moody’s Buys Climate Data Firm
The EY Center for Board Matters’ 2019 Proxy Season Review report revealed gender diversity and sustainability were among the main governance concerns. The $50 million Rhino Impact Bonds (RIB), the first financial instrument working toward the conservation of a species at risk of extinction,... ›Impact Links: Congress Rejects ESG Reporting Proposal; R-factor as an ESG Reporting Solution; NFL Player’s $200m Opportunity Zone Fund; KLM’s and Zara’s Sustainability Plans; Seafood Farm Sustainability; Impact Investment Through Biomimicry
U.S. Congress rejected a proposal to align ESG reporting requirements with the more rigorous standards applied in Europe. Bob Eccles discusses the “R-Factor” as a possible market-based solution for ESG reporting standards. An NFL player retired at age 30 and launched a $200 million... ›Impact Links: Best Books for Social Entrepreneurs; The Promise of Impact Investing in India; NY’s Climate Action Plan; Consumers Prefer Sustainable Products; Food-System Finance; Britain Requires Climate Change Disclosures by 2022
What new challenges lie ahead for impact investing? Antony Bugg-Levine of the Nonprofit Finance Fund and Durreen Shahna of the Impact Investment Exchange discuss them on the Knowledge@Wharton podcast. Forbes recently published its “ Best Books for Social Entrepreneurs ” list. A recent study... ›Todd Boudreau to Speak at Impact Capitalism Summit Nantucket
On July 17, MoFo Impact’s Todd Boudreau will moderate “No Longer ‘Alternative’: Building a Diverse Impact Theme Portfolio Through Private Equity” at the Impact Capitalism Summit Nantucket. The Impact Capitalism Summit is a large convening of investors focused on maximizing impact and maximizing return.... ›Impact Links: CDP Report on climate risk; GIIN Annual Survey; Ralph Lauren Sustainability Strategy; Biz Schools Take on Impact Investing; New Flood Risk Database
A new report by UK nonprofit CDP reveals 215 of the world’s biggest companies face almost $1 trillion in climate change risks, with many likely to hit within the next five years. The Global Impact Investing Network (GIIN) released its annual impact investor survey... ›Introducing the Public Benefit LLC
Four years after Delaware first enacted its Public Benefit Corporation (PBC) statute, the state has taken another step forward in advancing legal entity forms for social enterprises. In August 2018, Delaware added a new legal entity to its code: the Public Benefit Limited Liability... ›