Groups in Romania and Costa Rica are creating a new kind mortgage that upends the industry, making it a given to choose a green home.
The impact of yearly hurricane seasons can no longer be measured solely in how much private insurers have to pay out of pocket to rebuild homes. Harvey, Irma and Maria are teaching us valuable lessons about what’s really at stake when the climate deals a blow.
Visa announced the launch of its new foundation this week and with it, a contribution of $20 million to World Women’s Banking. Its aim is to develop new products and services for women entrepreneurs in underserved communities. But not everyone feels microloans with large repayment percentages by for-profit companies are helping struggling business owners. Can Visa break that cycle?
Zurich-based ResponsAbility generates wealth for investors while boosting sustainable development opportunities worldwide. This fund invests about $1.2 billion a year in ventures across the globe – and helping launch social enterprises and clean energy projects in places usually off most investors’ radar, from Egypt to Bhutan.
The team that launched bitcoin-technology based SolarCoin kicked off Greeneum. This blockchain project seeks to leverage digital currency in order to boost the generation and consumption of renewables, while also allowing for decentralized energy trading.
A recent survey led by the CFA Institute noticed a Mars-Venus divide between how men and women in the investment management profession view the value of CSR.
Lemonade, the online home and renters’ insurance company, has announced a change to its coverage plans. At a time when more brands are taking stands, the New York-based company’s decision appears to be far from popular with its announcement that it would cap reimbursement for the damage or theft of any firearms to $2,500.
The pint-size bronze statute of the Fearless Girl defiantly staring down Wall Street’s iconic bull is a bit more tarnished this week. So is the reputation of the company that paid for its installation. The US Labor Department just slapped State Street Corp with a $5 million gender and racial discrimination settlement.
According to Bank of America, the $12.6 billion it invested from 2013 to last year supported almost 40,000 jobs, contributed almost $15 billion to GDP and generated close to $30 billion in total economic output.
Hurricane Harvey’s impact on the greater Houston region is offering another grim reminder: the federal government’s national flood insurance program, NFIP, is going to become even more financially unsustainable — and it’s already $25M in debt.
In a step that will embolden more financial institutions to demand more environmental and social disclosures from companies, Vanguard announced it will urge companies to disclose more information about climate change-related risks.
In Baltimore, Maryland, T. Rowe Price employees have the opportunity to volunteer on a project that seeks to revive the Chesapeake Bay’s oyster population.
The majority of Miami realtors say their clients don’t usually ask about sea level risks or other climate-related problems that would help them gauge whether the property would be a good buy. And they don’t have a problem paying a premium for the coastline, either.
President Donald Trump has promised to boost the economy by 3-4 percent. It’s an unlikely prospect, say analysts, noting that 2 percent has historically been about par for the country’s yearly growth. Researchers at ProPublica however, say it’s possible, but it would require scrapping one of his other big campaign promises: deporting and banning immigrants.