Socially Responsible Investing CSR News

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.

Inclusive Fintech 50 Launches 2020 Edition to Identify and Elevate Early-Stage Fintechs Driving Financial Inclusion and Resilience

The initiative aims to unlock resources for innovative startups providing low-income households and businesses with financial tools that can help them support their livelihoods and build financial resilience.
Press Release

Washington DC, June 15, 2020 /3BL Media/ – A group of global organizations driving innovation and investment in financial services for low-income populations announced the launch of the 2020 Inclusive Fintech 50 application period. In its second year, the initiative will identify a cohort of 50 high-potential, early-stage, and innovative fintech startups driving financial inclusion and resilience for the 3 billion financially underserved people worldwide.

Weathering the Storm - Where Strong ESG Performance Counts

by Catherine Harris - Head of CR + Sustainability, USA
Summary: 

As we start to transition into a new phase of recovery, our attention is turning to the question of what sustainability will look like – and what role it will have to play in a post-COVID world. 

Article

As we start to transition into a new phase of recovery, our attention is turning to the question of what sustainability will look like – and what role it will have to play in a post-COVID world. 

The Pledge to Protect Microfinance Institutions and Their Clients From the Economic Effects of the COVID-19

Whole Planet Foundation Joins 25 Other Signatories
Summary: 

June 2020. A group of microfinance lenders and key players of the inclusive finance sector published in May a set of principles to better support the microfinance sector during the Covid-19. Since its publication, six new organizations have signed the Common pledge, for a total of 26 signatories.

Blog

June 2020. A group of microfinance lenders and key players of the inclusive finance sector published in May a set of principles to better support the microfinance sector during the Covid-19. Since its publication, six new organizations have signed the Common pledge, for a total of 26 signatories.

Watch Land Betterment Corporation Discuss Why They Launched a Crowdfunding Campaign

Multimedia with summary

Land Betterment Corporation (“Land Betterment” or the “Company”), an environmental solutions company fostering positive impact through upcycling former coal mining sites to create sustainable community development and job creation, recently discussed why the Company chose to launch a crowdfunding campaign.  This past April, Land Betterment launched its initial equity growth capital raise on the crowdfunding platform Fundopolis.  Watch two of the Company’s co-founders discuss the significance of initially offering equity to “communities on Main Street” and making them a part of Land Betterme

Top Tips for Getting a Job in Impact Investment

by Ian Povey-Hall, Head of Impact Investment at Acre
Blog

Impact investment is the fastest growing sector of the financial industry. In a 2019 deal that signalled the scale and potential of the sector’s future, the British asset manager, Schroders (with over $400 billion of assets under management) acquired a majority stake in BlueOrchard. Schroders’ CEO, Peter Harrison, commented that impact investment is a “mega-trend”.​

CIT Wins Three Stevie® American Business Awards

Press Release

NEW YORK — May 27, 2020 /3BL Media/ — CIT Group Inc. (NYSE: CIT) today announced that it has won three Stevie ® American Business Awards for business excellence. The awards include a Gold award for Achievement in Management – Banking, a Silver award for FinTech Solution and a Silver award for Corporate Social Responsibility Program of the Year.

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