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Former Obama aide and social enterprise guru Van Jones has a few messages for Democrats about the upcoming presidential election: don’t sit on your laurels and assume Hillary Clinton will trounce Donald Trump. Mobilize now. “There needs to be a cultural fight,” says Jones, who says Trump’s win will actually come from black voters. “There needs to be a spiritual fight. There needs to be mass mobilizations,” against Trump. Because based on his current strategy, he stands to win the White House in November.
Opower claims its energy-efficiency software has saved consumers over $1 billion in electricity costs. On May 2, cloud-applications company Oracle announced that it would buy Opower for $532 million. Obviously, this is great news for the Opower employees who have stock options. But it’s also encouraging for the clean-technology sector at large.
Despite the challenging economic and political environment in the Middle East, renewables — especially solar power technologies — are enjoying a surge, from the Mediterranean shores of North Africa to the posh cities within the oil-rich Gulf nations.
As an Edmunds survey reveals, loyalty to hybrid cars is falling. Even worse, more people are trading in their hybrids for SUVs than ever before. But does this really spell disaster for the industry?
Nissan raised a few eyebrows with a new advertising campaign that pokes fun at Tesla Motors — and the fact that it has at least 400,000 people waiting for a car that won’t ship until late next year.
Our national and state roads, dams, bridges, and airports are in such disrepair that they’ve even garnered the attention of this year’s presidential candidates. Yet none seem to have a comprehensive answer as to how to come up with the $3 trillion that engineers say it will take to upgrade our national infrastructure. The problem, says author Parag Khanna, isn’t that it can’t be done, but that we aren’t thinking big enough.
Investigators in Japan raided a Mitsubishi factory on Thursday after the company was “outed” by Nissan for tampering with fuel-economy test data. The discovery could be pricey for Mitsubishi — which, in the shadow of the Volkswagen dieselgate scandal, faces hefty fines and other costs.
Only days before the deadline, Volkswagen AG and the U.S. government reached a partial settlement on the “dieselgate” emissions scandal. But the news isn’t so good across the pond.
SunEdison filed for bankruptcy protection in New York yesterday. While some depicted the company’s foibles as a symptom of bigger issues in the solar sector, experts say it was reckless ambition that led to its quick demise.
Until recently, research on corporate sustainability for investing was largely available only to financial institutions and venture capital firms. But an announcement by Morningstar threatens to open the door to a wave of impact investing over the next several years.
Goldman Sachs agreed to pay $5.1 billion in penalties for its part in the mortgage crisis that led to the 2008 recession — except it won’t, really. With good behavior and negotiated benefits, Goldman Sachs’ penalty for deceiving investors in one of Wall Street’s greatest scandals will likely be at least a $1 billion less.
“If you’re divesting from bad companies and you believe they’re going to fail, why not go further? Why not short them?,” asks Dale Wannen, founder of socially-responsible hedge fund Sustainvest Asset Management.
For coal, the writing is on the wall, but the message hasn’t yet reached some investors. This could result in a financial catastrophe, a new report warns, amounting to nearly $1 trillion in losses if current coal development plans go forward globally.