Socially Responsible Investing CSR News

Ottawa's Spending Spree Was the Right Thing to Do, Economists Say

Blog

The federal government’s massive increase in spending in response to the COVID-19 pandemic is contributing to “substantially better” economic outcomes than would have been the case without those measures, while raising net debt levels only marginally over what they would have been, a new Scotiabank Economics report says.

The economic impact of the pandemic on households and businesses would also have been worse without the stimulus, with unemployment reaching 15% as opposed to the anticipated 13%, the report says.

Scotiabank Launches New Sustainable Finance Group Within its Global Banking and Markets Division

Press Release

TORONTO, July 2, 2020 /3BL Media/ - Recognizing its unique opportunity as a global financial organization to advance climate transition and promote sustainable economic growth, Scotiabank is pleased to announce the launch of a new Sustainable Finance Group within its Global Banking and Markets (GBM) division. The new team will further Scotiabank's Climate Commitments, announced in November 2019, to support clients in the transition to a low-carbon economy, decarbonize its own operations and contribute to the global conversation on climate change. 

$1.2 Million Awarded to Hitzke Development and Bridge Housing Partners to Build Affordable Housing for Veterans

Press Release

SAN DIEGO, June 25, 2020 /3BL Media/– LISC San Diego announced today that $1.2 million has been awarded to Hitzke Development and BRIDGE Housing Partners for pre-development on the Tranquility at Post 310 new construction project.

Tranquility at Post 310 is a 43-unit veterans development located at the site of the current American Legion Hall Post 310 in the emerging neighborhood of Southeastern San Diego.

Whole Planet Foundation Partners with Hope for Haiti in Power Your Purpose Virtual 5K

Whole Planet Foundation is grateful to our partners and participants who are mobilizing to support microentrepreneurs around the world on June 27th!
Blog

Pivoting from a physical 5K Run in Austin, Texas to an online event due to COVID-19 has meant partners like Hope for Haiti are joining Whole Planet Foundation from a safe distance to alleviate poverty through microcredit around the globe.  On average, microcredit loans are less than $200 and enable low-income entrepreneurs, mostly women, to start or develop their own small businesses to support their families.  For the past 5 years, Hope for Haiti has been investing in Haitian economy by making nearly $1 million in grants and loans to support Haitian entrepreneurs and social businesses. 

Climate Action 100+ Investor Signatories Achieve Major Gains During 2020 U.S. Proxy Season

Corporate lobbying, governance proposals receive record levels of shareholder support at virtual annual general meetings and help to advance initiative’s aims
Press Release

June 23, 2020 /3BL Media/  - Proposals filed by Climate Action 100+ investor signatories calling on major oil and electric power companies to disclose lobbying activities and improve governance on climate change garnered record levels of support at this year’s U.S. Proxy Season. 

How Can Successful Stewardship Be Meaningfully Reported?

Based on a roundtable discussion attended by asset owners, investment consultants, asset managers, civil society leaders and regulators
Article

This whitepaper captures the discussion from a roundtable, convened by Helen Pradas-Page on 3 March 2020, under Chatham House rules, where we asked the question ‘How Can Successful Stewardship be Meaningfully Reported?'

Fight Homelessness By Bridging the Gap Between Shelter and Housing

Words by Nithin Coca
Article

The U.S. has a shortage of around 7 million affordable housing units for renters whose household incomes fall below the poverty line, according to the National Low Income Housing Coalition. As Americans struggle to find affordable housing, homelessness is on the rise across the country. On any given night, more than 560,000 Americans find themselves homeless, per a 2019 point-in-time count.

PayPal Announces $530 Million Commitment to Support Black Businesses, Strengthen Minority Communities and Fight Economic Inequality

Funds will provide immediate financial relief, sustained support and long-term investment to expand economic opportunity for Black and underrepresented minority businesses and communities
Press Release

SAN JOSE, Calif., June 15, 2020 /3BL Media/-- PayPal Holdings, Inc. (NASDAQ: PYPL) on June 11, 2020 announced a $530 million commitment to support Black and minority-owned businesses and communities in the U.S., especially those hardest hit by the pandemic, to help address economic inequality. As part of its investment, the company is bolstering its internal programs to further increase diversity, equity and inclusion within the PayPal community.

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