- At the Milken Institute Global Conference, Hiro Mizuno was a man on a mission, mobilizing other institutional investors around sustainability in global financial markets.
- A new Southeast Asia forestry fund launched by Australia-based New Forests includes a tranche aimed at impact investors with specific reforestation, biodiversity and community livelihood goals.
- “A global transformation is disrupting social and economic norms around the world,” says Richard Ditizio, the institute’s president. The programming is highlighting institutional peer pressure for proactive consideration of environmental, social and governance, or ESG, factors, he said. “Investors have a tool they can use to great advantage,” he told ImpactAlpha.
The transition took three years and required BRAC to divest majority control. DEG, the German development finance institution, Chicago-based Equator Capital Partners and Amsterdam-based Triple Jump each took 17% stakes. Enclude Capital Advisory, now owned by Palladium, ran the auction and structured the deal, a first for BRAC.
- KawiSafi has invested $21 million in five companies, including d.light, a leading solar lantern and home-system provider
- In a raft of recent reports, asset managers from giants like BlackRock and State Street to sustainability specialists Boston Common and Cornerstone Capital Group have shown that considering ESG can help reduce investors’ exposure to climate change, supply-chain disruptions, management scandals and other material risks.
- Over the years, the Kellogg-Morgan Stanley Sustainable Investment Challenge has spawned funds such as Blue Forest Conservation and Fresh Coast Capital.