Carbon Yield Fund Wins 2019 Kellogg-Morgan Stanley Sustainable Investing Challenge
April 12 2019 - 10:08AM
Business Wire
Sustainable Investing Challenge brings together future
leaders seeking to help address today’s toughest sustainability
issues through innovative financial instruments
Morgan Stanley’s Institute for Sustainable Investing and
Northwestern University’s Kellogg School of Management in the U.S.
today announced that Carbon Yield Fund was named the winner of the
2019 Kellogg-Morgan Stanley Sustainable Investing Challenge. The
team was one of 12 finalists competing in the Challenge at Morgan
Stanley’s Hong Kong offices on Friday. The team proposed a solution
to help reduce greenhouse gas emissions by increasing organic
farming practices.
The Carbon Yield Fund would provide loans to Midwestern farms in
the United States that begin the organic certification process,
then monetize emissions reductions associated with regenerative
organic agriculture through an aggregated carbon offset program,
documenting and marketing credits on behalf of the farmers. This
additional revenue would help offset transition costs for farms and
return capital to the fund’s investors.
Now in its ninth year, the Kellogg-Morgan Stanley Sustainable
Investing Challenge is an annual global competition designed to
inspire future leaders to develop innovative financial vehicles to
help address environmental, social and governance challenges. The
12 finalist teams were selected from 365 students, hailing from 50
countries. They represent 80 graduate schools and their projects
targeted impact in 31 countries.
“We continue to be inspired by the level of creativity and
passion embedded in these student proposals that aim to help solve
some of the most complex issues facing the world today and in the
future,” said Matthew Slovik, Head of Global Sustainable Finance at
Morgan Stanley. “The impressive proposal articulated by the Carbon
Yield Fund demonstrates that by bringing creativity to finance, we
can make meaningful progress on pressing social and environmental
challenges.”
The winning team consisted of Tom Fields, David Mallett, Claire
Pluard and Sam Schiller from the United States.
This year’s runner-up was the Grey to Green Fund, who proposed a
solution to help reduce hotels’ water consumption throughout the
United States. They designed a multi-asset fund that would act as a
market aggregator for hotel greywater infrastructure.
“One of my favorite parts about the challenge is seeing the
diverse set of solutions that are brought to the table by these
future leaders,” said Dave Chen, Principal & CEO, Equilibrium
Capital and Adjunct Professor of Finance, Kellogg School of
Management. “We want to congratulate the 12 finalist teams, our
winners and each of the 365 students that entered the
Kellogg-Morgan Stanley Sustainable Investing Challenge. They
challenged themselves to create investment strategies that can help
deliver positive impact.”
The Challenge seeks to inspire the next generation of
sustainable investing practitioners, connect emerging leaders with
industry professionals, and foster greater emphasis on sustainable
finance at graduate schools around the world. More information on
this year’s finalists and winner can be found on Morgan Stanley's
website. You can also follow the conversation on social media with
#SIChallenge.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing investment banking, securities, wealth management
and investment management services. With offices in more than 41
countries, the Firm's employees serve clients worldwide including
corporations, governments, institutions and individuals. For more
information about Morgan Stanley, please visit
www.morganstanley.com.
About The Morgan Stanley Institute for Sustainable
Investing
The Morgan Stanley Institute for Sustainable Investing builds
scalable finance solutions that seek to deliver competitive market
rate returns while driving positive environmental and social
impact. The Institute creates innovative financial products,
thoughtful insights and capacity building programs that help
maximize capital to create a more sustainable future. For more
information about the Morgan Stanley Institute for Sustainable
Investing,
visit www.morganstanley.com/sustainableinvesting.
About Kellogg School of Management
The Kellogg School of Management at Northwestern University
develops brave leaders who inspire growth in people, organizations
and markets. Based just outside of Chicago, the school is a global
leader in management education, renowned for its distinctive
thought leadership and pioneering approach to learning. Kellogg
offers an innovative portfolio of programs: four Full-Time MBA
programs including leading one-year program and joint degree
programs with the engineering, law and medical schools; a Part-Time
MBA Program; the premier Executive MBA global network; and
extensive non-degree Executive Education programs. To learn more
about Kellogg School of Management at Northwestern University,
please visit http://www.kellogg.northwestern.edu.
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