Sustainable Finance CSR News

Wells Fargo Invests $18.5 Million in Grants to Ease Small BusinessStress and Expand Access to Capital

Latest Diverse Community Capital funding helps diverse small businesses start and grow across U.S., including Puerto Rico
Press Release

SAN FRANCISCO, February 28, 2019 /3BL Media/ Wells Fargo announced $18.5 million in grants today to nine Community Development Financial Institutions (CDFIs) so they can unlock capital or increase training to diverse small businesses across the U.S. Two CDFIs are receiving awards to continue their work supporting entrepreneurs in Puerto Rico, which is still recovering from the aftermath of Hurricane Maria.

Verizon Closes on U.S. Telecom Industry’s First Green Bond to Fund Environmental Initiatives

Press Release

NEW YORK, February 28, 2019 /3BL Media/ – Verizon Communications Inc. (NYSE, Nasdaq: VZ) announced the close of the U.S. telecommunications industry’s first Green Bond.

Sustainable Investing Goes Mainstream: Morgan Stanley and Bloomberg Survey Finds Sustainable Investing A Business Imperative Among U.S. Asset Managers

Summary: 
  • New survey shows that 75% of U.S. asset managers say their firms now offer sustainable investing strategies, up from 65% in 2016.
  • Most asset managers are embracing sustainable investing as a business building approach and believe that financial returns and impact outcomes can go hand in hand.
  • Expertise, better data and impact reporting identified as factors to support customization and drive future success in the space.
Press Release
  • New survey shows that 75% of U.S. asset managers say their firms now offer sustainable investing strategies, up from 65% in 2016.
  • Most asset managers are embracing sustainable investing as a business building approach and believe that financial returns and impact outcomes can go hand in hand.
  • Expertise, better data and impact reporting identified as factors to support customization and drive future success in the space.

People Power Microcredit: Whole Planet Foundation’s Victor Quiroz

Blog

You’ve heard the expression: “It takes a village to raise a child.” Well, the same is true for fostering the success of women entrepreneurs around the world! This year, we are kicking off a new series called People Power Microcredit. We will take you behind the scenes to introduce you to the teams that are dedicated to empowering the world’s poorest people to become entrepreneurs. You will meet Field Officers, volunteers, and Whole Planet Foundation staff. Through their stories you will get a glimpse into a day on the job—whether it is in Austin, Texas or Huehuetenango, Guatemala.

MetLife Foundation and Sesame Workshop Expand “Dream, Save, Do: Financial Empowerment for Families”

Initiative Featuring Sesame Street Muppets to Reach Families in Japan, Mexico, and Brazil
Press Release

NEW YORK, February 20, 2019 /3BL Media/ – Sesame Workshop and MetLife Foundation announced a new phase of their successful “Dream, Save, Do: Financial Empowerment for Families” initiative. This expansion will reach both children and adults in Brazil, Mexico, and Japan. New broadcast and digital channel content will be developed to build awareness and influence audiences, including caregivers, on a national scale. High-touch community-level initiatives will engage lower-income communities through in-school programs and community activities where families spend time together.

IOSCO Recognizes That ESG Matters Have Material Short and Long Term Impact

Article

The International Organization of Securities Commissions (IOSCO), the international body that brings together the world’s securities regulators, published their Statement of Disclosure of ESG Matters by Issuers on 18 January 2019. With the statement, IOSCO recognizes the importance of considering Environmental, Social and Governance (ESG) information as material for investors.  

European Commission Is Planning to Update the Non-Binding Guidelines on Non-financial Reporting

Article

The Technical Expert Group on Sustainable Finance set up by the European Commission in July 2018 has published its first report on companies' disclosure of climate-related information in January 2019.   

Whole Planet Foundation Launches Campaign to Alleviate Global Poverty

Partners Commit $1.05 Million for Microcredit
Press Release

On Friday, March 1, Whole Planet Foundation launches its Annual Prosperity Campaign to alleviate poverty around the globe for the world’s poorest people – mostly women – living in communities where Whole Foods Market sources products. This year’s campaign goal is to raise $4 million to increase the foundation’s current reach of 75 countries and 17 U.S. cities.

Multi-Year Effort Launches to Help Millions of Financially Vulnerable People Build Savings & Economic Opportunity

Employers, Retailers and Financial Service Providers to ‘Make Wealth Common’
Press Release

BOSTON & NEW YORK, February 5, 2019 /3BL Media/ - Decades of research points to the material, psychological and social value of wealth. Yet, building financial security is a persistent challenge for lower-income Americans who continue to become less wealthy, not more. In fact, more than 40 percent of people in the United States cannot cover an unexpected $400 emergency expense, according to the Federal Reserve.

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