Ethical banking

Florida Community Loan Fund Awarded $825,000 for Low-Income Communities

Friday, September 25, 2020 - 5:12pm

ORLANDO, Fla., Sept. 25, 2020 /PRNewswire/ -- Florida Community Loan Fund , a statewide nonprofit lending institution, announced it was awarded $825,750 by the U.S. Treasury Department Community Development Financial Institutions (CDFI) Fund.

Key Points: 
  • ORLANDO, Fla., Sept. 25, 2020 /PRNewswire/ -- Florida Community Loan Fund , a statewide nonprofit lending institution, announced it was awarded $825,750 by the U.S. Treasury Department Community Development Financial Institutions (CDFI) Fund.
  • FCLF has a 25-year history of providing capital for community and economic development in Florida, creating a high social impact.
  • About Florida Community Loan Fund.
  • Florida Community Loan Fund is a nonprofit, multifaceted financing entity with a 20+ year history of providing flexible capital and expertise to people and places outside the economic mainstream across Florida.

Karner Blue Capital signs Finance for Biodiversity Pledge

Friday, September 25, 2020 - 12:00pm

BETHESDA, Md., Sept. 25, 2020 /PRNewswire/ --Karner Blue Capital, a woman-owned business and investment advisor that develops and manages ESG investment strategies centered around biodiversity protection, environmental stewardship and animal welfare considerations, is one of the 26 financial institutions from around the globe that have signed the Finance for Biodiversity Pledge.

Key Points: 
  • BETHESDA, Md., Sept. 25, 2020 /PRNewswire/ --Karner Blue Capital, a woman-owned business and investment advisor that develops and manages ESG investment strategies centered around biodiversity protection, environmental stewardship and animal welfare considerations, is one of the 26 financial institutions from around the globe that have signed the Finance for Biodiversity Pledge.
  • The Finance for Biodiversity Pledge is a collective commitment by the finance sector itself.
  • The pledge was established by a group of European financial institutions which have been workingactively as members of the Finance and Biodiversity Community (F@B Community).
  • Karner Blue Capital (KBC) isan SEC-registered investment adviser, Certified B Corporation, and signatory to the United Nations Principles for Responsible Investment.

Capital Impact Partners Awarded $3.5 Million in CDFI Fund Community Development Grants

Friday, September 25, 2020 - 10:43am

ARLINGTON, Va., Sept. 25, 2020 /PRNewswire/ -- The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) announced yesterday that Capital Impact Partners was awarded $3.5 million in grants through the 2020 round of the CDFI Program.

Key Points: 
  • ARLINGTON, Va., Sept. 25, 2020 /PRNewswire/ -- The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) announced yesterday that Capital Impact Partners was awarded $3.5 million in grants through the 2020 round of the CDFI Program.
  • "We are grateful for the support of the CDFI Fund to advance our work to champion equitable access to capital and opportunity through these programs."
  • In addition, Capital Impact Partners received a $2.75 million Healthy Food Financing Initiative Financial Assistance (HFFI-FA) award to support equitable access to capital for healthy food entrepreneurs and retailers operating across California.
  • Through capital and commitment, Capital Impact Partners helps people build communities of opportunity that break barriers to success.

Square, Inc. to Invest $100 Million in Minority and Underserved Communities

Thursday, September 24, 2020 - 12:45pm

Square, Inc. (NYSE: SQ) announced today that it intends to invest $100 million in support of minority and underserved communities, driven by the companys purpose of economic empowerment and its ongoing commitment to racial equity.

Key Points: 
  • Square, Inc. (NYSE: SQ) announced today that it intends to invest $100 million in support of minority and underserved communities, driven by the companys purpose of economic empowerment and its ongoing commitment to racial equity.
  • With this investment, the company hopes to increase the speed and scale in which these organizations can help minority and underserved communities.
  • In 2019, Square began dedicating deposits to Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) in communities around the country.
  • Square intends to allocate the $100 million investment as follows:
    $25 million to deposits in CDFIs and MDIs around the United States.

Bain & Company Signs Science Based Targets Initiative (SBTI) Commitment To Further Minimize Environmental Impact

Wednesday, September 23, 2020 - 6:37pm

By taking these steps, the firm demonstrates the priority it places on minimizing its environmental impact.

Key Points: 
  • By taking these steps, the firm demonstrates the priority it places on minimizing its environmental impact.
  • The firm will develop new targets, based on climate science and objective data, and approve specific targets for all emissions by the end of the year.
  • Bain & Company also works with leading NGOs on climate-change initiatives, as part of its commitment to invest more than USD 1 billion in social impact efforts by 2025 .
  • In addition, Bain & Company is an investor in EcoVadis, the world's most trusted provider of business ESG ratings for global supply chains.

Truist Donates $40 Million to Launch Innovative Nonprofit Fund Supporting Ethnically, Racially Diverse and Women-Owned Small Businesses

Wednesday, September 23, 2020 - 2:00pm

Through this nonprofit program, 100% of the funding will be allocated to racially and ethnically diverse small business owners, women and individuals in low- and moderate-income communities, with a focus on African American-owned small businesses.

Key Points: 
  • Through this nonprofit program, 100% of the funding will be allocated to racially and ethnically diverse small business owners, women and individuals in low- and moderate-income communities, with a focus on African American-owned small businesses.
  • "We're grateful to Truist for approaching us with the desire to fund an innovative program to provide additional CDFI lending to underserved businesses," added Woodie.
  • Truist's $40 million donation to help establish CornerSquare represents funding from both the Truist Foundation Inc. and the Truist Charitable Fund.
  • The Truist Charitable Fund is a donor-advised fund created by Truist and administered by The Winston-Salem Foundation.

AM Best to Join Environmental, Social and Governance (ESG) Focused Panel at the Re/Insurance Lounge

Wednesday, September 23, 2020 - 1:31pm

AM Best will join a virtual panel session focused on environmental, social and governance (ESG) issues on Sept. 24, 2020, as part of the Re/Insurance Lounge, a forum for insurance- and reinsurance-related discussions.

Key Points: 
  • AM Best will join a virtual panel session focused on environmental, social and governance (ESG) issues on Sept. 24, 2020, as part of the Re/Insurance Lounge, a forum for insurance- and reinsurance-related discussions.
  • Mahesh Mistry, senior director, Credit Rating Criteria, Research and Analytics, will join a panel session, titled, Respond to Pressure from Stakeholders for Environmental, Social and Governance.
  • This session will look at the growing importance of ESG concerns and requirements facing the insurance industry.
  • Panelists will discuss the different approaches being taken by companies as they come under increasing pressures from a range of ESG-related issues.

Statement on ‘FinCen Files’ reporting

Wednesday, September 23, 2020 - 7:15am

The purpose of ING Bank is empowering people to stay a step ahead in life and in business.

Key Points: 
  • The purpose of ING Bank is empowering people to stay a step ahead in life and in business.
  • ING Banks more than 55,000 employees offer retail and wholesale banking services to customers in over 40 countries.
  • ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).
  • ING Group shares are included in major sustainability and Environmental, Social and Governance (ESG) index products of leading providers STOXX, Morningstar and FTSE Russell.

Federated Hermes, Inc. survey signals change in ESG perspectives about investment risk as a result of the global pandemic

Tuesday, September 22, 2020 - 1:15pm

As part of the study, 90% of financial advisors reported that they had clients asking about ESG.

Key Points: 
  • As part of the study, 90% of financial advisors reported that they had clients asking about ESG.
  • Social risingAbout two-thirds of investors agree that in the wake of the global pandemic, social factors have become more important when analyzing investment risk.
  • Federated Hermes, Inc. is a leading global investment manager with $628.8 billion in assets under management as of June 30, 2020.
  • About the surveyThe 2020Federated Hermes ESG Investing Survey is a survey of U.S. investment professionals fielded between June 1, 2020, and July 9, 2020.

Low Income Investment Fund Announces Ten-Year $5 Billion Goal to Drive Investments in Racial Equity

Tuesday, September 22, 2020 - 11:00am

On Tuesday, the Low Income Investment Fund (LIIF) announced a commitment to drive $5 billion in investments to advance racial equity.

Key Points: 
  • On Tuesday, the Low Income Investment Fund (LIIF) announced a commitment to drive $5 billion in investments to advance racial equity.
  • This bold goal will guide the national nonprofits work for the next ten years as the organization seeks to create communities of opportunity, equity and well-being.
  • The Low Income Investment Fund (LIIF) is a national nonprofit community development financial institution with $900 million in assets under management.
  • LIIFs mission is to mobilize capital and partners to achieve opportunity, equity and well-being for people and communities.