- Sustainable Investing Challenge brings together future leaders
addressing critical sustainability issues through innovative
financial solutions
- University of Utah's David Eccles School of Business awarded
top prize for proposal to save Utah’s Great Salt Lake
- Second- and third-place prizes awarded to students from the
University of Navarra’s IESE Business School and Columbia Business
School
The Morgan Stanley Institute for Sustainable Investing and
Kellogg School of Management at Northwestern University today
announced that the Resilient Waters Fund team was named the
winner of the 14th annual Kellogg-Morgan Stanley Sustainable
Investing Challenge. The global competition inspires graduate
students to address critical social and environmental issues
through innovative financial vehicles. The winning team was one of
12 finalists selected from a competitive field, which included 84
teams comprised of 290 students from 44 countries.
The graduate students from the University of Utah's David
Eccles School of Business were awarded the top prize of $10,000
for their proposal to help protect the Great Salt Lake, a keystone
ecosystem and economic engine at significant risk of drying up in
the next five years. The Resilient Waters Fund would catalyze
federal, state and investment funds through a creative land trust
mechanism to spur irrigation efficiency, responsible cropping and
water savings. The winning team consisted of Cody Clifford, Hunter
Conrad, Michael Hall and Alex Parlogean.
“Through the Sustainable Investing Challenge, students develop
financial solutions to real-world issues, providing them with
invaluable experience and insights into sustainable finance,” says
Jessica Alsford, Morgan Stanley’s Chief Sustainability Officer and
CEO of the Institute for Sustainable Investing. “As the demand for
sustainability talent grows across industries, we’re excited to
help cultivate a pipeline of emerging leaders committed to driving
the transition to a more sustainable future.”
The finalists pitched a wide variety of ideas, addressing social
and environmental issues including decentralized microgrid
development in the US, wealth transfer in Mexico's manufacturing
sector, the sustainability transition of Indonesia’s shrimp
industry and grazing land restoration in Kenya.
The second- and third-place prizes of $5,000 and $2,500 were
awarded to the Caatinga Bank team from the University of
Navarra’s IESE Business School and the Renewable Back
Security team from Columbia Business School,
respectively.
The Caatinga Bank proposal aims to provide farmers in the
Caatinga region of Brazil with working capital loans in the form of
seeds, resources, technical knowledge and cash. The team consisted
of Gabriela Ferreira Galera, Luana Gomes Nogueira, Carolina
Pascotto and Danielle van Drunen. The Renewable Back Security team,
including Ignacio Aguirre, Nadim Dabbous, Dion Koreman and Diego
Rehder, developed a solution to reduce the cost of capital
necessary for emerging and developing economies (EMDEs) to scale up
renewable energy adoption in southern and central Africa and the
US.
“Every year, these teams of graduate students demonstrate
incredible creativity and drive with their solutions to global
problems,” says Dave Chen, Professor of Finance at Kellogg
Management School, CEO of Equilibrium Capital and the founder of
the Sustainable Investing Challenge. “This year’s winner and
runners-up are no different, and we are excited to support them in
helping make their ideas a reality.”
The three prize-winning teams were selected by a panel of
sustainable finance experts and senior practitioners across the
industry to advance to the final round, pitching to judges at
Morgan Stanley in New York on Friday, April 19. More information on
this year’s teams and their projects can be found here.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing a wide range of investment banking, securities,
wealth management and investment management services. With offices
in 42 countries, the Firm’s employees serve clients worldwide
including corporations, governments, institutions and individuals.
For further information about Morgan Stanley, please visit
www.morganstanley.com.
About The Morgan Stanley Institute for Sustainable
Investing
The Morgan Stanley Institute for Sustainable Investing (The
Institute) builds scalable finance solutions that seek to deliver
competitive financial 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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Media Relations Contacts: Morgan Stanley Carrie Hall
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