Big Chill: Political backlash and legal threats sap shareholder support for climate action and ESG. Shareholders are voting on a record number of resolutions related to corporate action on climate and environmental, social and governance factors at this yearâs annual meetings. But support for such resolutions is flagging as major asset managers recalibrate their proxy-voting strategies in the face of a coordinated campaign by Republican state attorneys general, including threats of legal action. Last year, more than 30 proposals won majority approval. âWeâre nowhere near that,â said Heidi Welsh of the Sustainable Investments Institute. âThe really big players are stepping back. Theyâre spooked a bit by the anti-ESG rhetoric.â Todayâs test: shareholder resolutions at ExxonMobilâs annual general meeting that call on the oil giant to detail the risks of climate-related litigation, report on methane emissions, and quantify the costs of retiring assets to comply with net-zero scenarios, among other proposals.
Sun King raises $130 million through securitization of off-grid solar payments. Public agencies and private companies from California to Cote dâIvoire are leveraging cash flows to finance climate adaptation and green initiatives. Social enterprise Sun King has struck a deal to securitize $130 million in current and future customer payments for its solar products. The debt financing is denominated in Kenyan shillings and backed by British International Investment, Stanbic Bank Kenya, Citi and other development finance and banking institutions. âThis securitization could be key to unlocking the extensive capital needed to fund solar energy initiatives at the scale the climate crisis requires,â said Sun Kingâs Anish Thakkar. BII and Stanbic separately provided Sun King with $20 million in working capital.
Former Enel CEO Francesco Starace joins EQT Infrastructure as a partner⌠Elemental Excelerator is hiring a chief of staff in the San Francisco Bay Area⌠Root Capital is looking for a gender equity advisor in Indonesia⌠The Alliance for Community Development seeks an executive director in San Francisco⌠Aspen Institute and Rutgers University are hosting the Employee Ownership Ideas Forum in Washington, DC, June 14-15.
ImpactAlpha, Mar. 31 â The search for a universal metric to guide investments in racial justice and equitable wealth-building wasâŚaspirational. âWe are still a …
ImpactAlpha. Feb. 24 â âA labor market where workers have more opportunities and have more power and have more leverage is a good …
ImpactAlpha, Feb. 9 â The fatal beating by police of Tyre Nichols in Memphis last month exposed risks to the cityâs finances that have …
ImpactAlpha, Nov. 18 â Cities around the U.S. are raising low-cost capital in the municipal bond markets by highlighting intentional efforts to address long-standing …
ImpactAlpha, September 30 â Capital to support womenâs economic growth and financial inclusion is flowing â finally! â in many advanced economies. In emerging …
ImpactAlpha, Sept. 19 â Investors, entrepreneurs, corporate executives and world leaders have descended on New York for Climate Week, the annual gathering alongside the …
ImpactAlpha, June 27 â ImpactAlpha’s spring season of Agents of Impact Calls spanned a period of tumult in the financial markets: instability in …
ImpactAlpha, June 3 â Just as investment in financial inclusion in Africa was really ramping up, a market downturn threatens to slow progress. Or …
ImpactAlpha, May 13 â One defining outcome of the pandemic: a boom in entrepreneurship. A record five million businesses were started in the …
ImpactAlpha, April 22 â The Ukraine crisis risks tipping up to 1.7 billion people â over one-fifth of humanity â into poverty, destitution …
ImpactAlpha, Apr. 1 – High-impact investments in fragile countries invariably entail political risk. And impact investments in a free press, humanitarian tech, financial inclusion …
ImpactAlpha, Mar. 11 â Itâs one thing for a corporation to set environmental or social goals. Itâs another to shift executives, employees and supply …
Jack Moriarty of Ownership America chats with ImpactAlphaâs David Bank about employee ownership and new legislation to help investors back companies that are …
Eunice Ajim, founding partner Ajim Capital speaks with David Bank about her personal journey to launch the fund and her mission to support tech entrepreneurs …
Host Brian Walsh is joined by NYUâs Tensie Whelan to hear why more and more private equity firms are starting to embrace impact …
The BFM (Black Founders Matter) Fundâs Himalaya Rao speaks with David Bank about the alpha case for racial justice investing and the challenges …
As the Neighborhood Economics conference wraps up in Jackson, Miss., Kevin Jones speaks with David Bank about startup capital for sole proprietors, Black …
ImpactAlpha, April 24 â Jacob Haarâs work in microfinance in Azerbaijan inspired him to tackle obstacles to financial inclusion at home in the …
For Earth Day, Dianne Dillon-Ridgley joins host Monique Aiken to reflect on four decades of working in finance, the environment and human rights. …
ImpactAlpha, Apr. 14 â âNet zero is not going to get us anywhere,â Ariane Mahler of Veridien Global Investors tells ImpactAlphaâs David Bank. âYou …
đ§ On this weekâs podcast. The Turner Miintâs Adwoa Asare joins co-hostsMonique Aiken and Brian Walsh to talk about training the next generation …
From Austin, ImpactAlphaâs Dennis Price joins host Brian Walsh to discuss Texasâs surprising role as the U.S.âs leader in clean energy â and how …
Corporate, nonprofit and municipal issuers are designating bond proceeds to support organizations that increase access to finance for women and people of color. …
Host Monique Aiken has the headlines and Atlas Impact Partnersâ Robert Brown and ImpactAlpha contributing editor Imogen Rose-Smith join David Bank to parse …
The World Bank Groupâs and International Monetary Fund themed their recent meetings in Washington, DC, âThe way forward: Building resilience and reshaping development.â …
What does it take to be an effective financial activist? After supporting 156 Just Economy Institute fellows over the past six years, we …
The following is an excerpt from “Working to restore: Harnessing the power of regenerative business to heal the world,” by Esha Chhabra. In …
Impact investing has now reached more than $1 trillion in assets under management. With this growth, concerns over “impact washing” have also grown. …
More than one billion people around the world live in urban areas without formal access to basic infrastructure such as potable water, sewage, …
A push by fund index providers to tighten the criteria for what qualifies as an environmental, social and governance fund has led to …
Investors routinely examine the risk of achieving their financial objectives, and screen investments for ESG risk, but how do impact investors consider the …
Management guru Peter Drucker is credited with the popular maxim âwhat gets measured gets managed.â This holds true also in impact investing where …
Across the globe, some 10,000 private equity firms enjoy ownership rights in 40,000 portfolio companies, which in turn manage 20 million employees. PE …
Despite the valid criticisms that have surfaced about the voluntary carbon market, carbon finance is playing a critical role in catalyzing a just …
Carbon is a hot commodity. The market for carbon removal â which spans soil carbon sequestration, reforestation and the enhancement of natural processes …
OpenAI’s chatbot ChatGPT took just two months to reach 100 million users. As impact investors, weâre excited about how generative AI might contribute …
ImpactAlpha, May 26 â A decade ago, investors pushed back against the loan products Jessica Espinoza was designing for female business owners as …
ImpactAlpha, May 12 â Nigeria-born climate entrepreneur and âprofessional nomadâ Aina Abiodun is bullish on place-based climate innovation. âThere is nothing more urgent than …
ImpactAlpha, May 5 â John Moore quit his corporate gig and moved to Philadelphia two decades ago. He found a city rich in …
ImpactAlpha, April 28 â A first generation Nigerian-American, Su Sanni grew up in East New York, Brooklyn and Jamaica, Queens. The low-income neighborhoods, …
ImpactAlpha, Apr. 21 â Attorney and academic Lourdes GermĂĄn recognized early the power of public finance. She has spent years working at firms including …
ImpactAlpha, Apr. 14 â âNet zero is not going to get us anywhere,â Ariane Mahler of Veridien Global Investors tells ImpactAlphaâs David Bank. âYou …
ImpactAlpha, March 24 â Hundreds of companies and investors this week urged policymakers to protect their âfreedom to invest responsibly,â marking a new …
What is the net worth of Salt Lake City? Itâs a relatively straightforward exercise to total up the balance sheet of a company …
ImpactAlpha, March 10 â Laura Ortiz Montemayor is not on board with decarbonization or its advocates. âCarbon is key to life. Itâs a …
ImpactAlpha, Feb. 17 â Years before this weekâs elegant and understated Super Bowl appearance, Robyn âRihannaâ Fenty turned down the NFLâs invitation to headline …
ImpactAlpha, February 3 â Andrew Crosson was a decade deep in the work of community economic development in central Appalachia when he got …
ImpactAlpha, January 27 â Gary Forster left his job in logistics at Procter & Gamble to volunteer in Zambia, inspired by the 2005 …
đ§ On this weekâs podcast. The Turner Miintâs Adwoa Asare joins co-hostsMonique Aiken and Brian Walsh to talk about training the next generation of impact investors â and the winners of this yearâs competition. Plus the headlines.Â
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