Social finance

Amundi US Appoints Head of ESG

Retrieved on: 
Monday, December 6, 2021
Professional Services, Finance, Zero, Social finance, Research, MSCI, CEO, World Economic Forum, Industry, Head, Corporate governance, Barclays Investment Bank, Social, Partnership, IPE, ESG, Socially responsible investing, Solution, Global Network for Advanced Management, PRI, View, Environmental, social and corporate governance, Marketing, Organization, United, United Nations, Minor, Principles for Responsible Investment, IE Business School, International studies, Management, Financial services

Amundi US today announced that Annie Chor Joyce has joined the firm as Head of Environmental, Social and Corporate Governance (ESG) for Amundi US, the US business of Amundi, one of the worlds ten largest asset management firms.1 The appointment is effective December 6.

Key Points: 
  • Amundi US today announced that Annie Chor Joyce has joined the firm as Head of Environmental, Social and Corporate Governance (ESG) for Amundi US, the US business of Amundi, one of the worlds ten largest asset management firms.1 The appointment is effective December 6.
  • She reports jointly to Lisa Jones, President and CEO of Amundi US, and Head of the Americas, and Elodie Laugel, Chief Responsible Investment Officer, Amundi based in Paris.
  • She joins Amundi US from MSCI Inc., ESG Research, where she was Vice President, ESG Consultant.
  • Amundi US is the US business of Amundi, Europes largest asset manager by assets under management and ranked among the ten largest globally[1].

Citi’s Action for Racial Equity Initiative Invests $1 Billion to Address the Racial Wealth Gap in the U.S.

Retrieved on: 
Tuesday, November 9, 2021
Banking, Professional Services, Philanthropy, Other Construction & Property, Construction & Property, Foundation, Other Professional Services, Urban Planning, Human Resources, Finance, Other Philanthropy, Consulting, Omni, Industry, Carver State Bank, Lead, MDI, MLT, Getty Images, Color, Leadership, Getty, Association, Plague, Time, Marketing, United Bank, Mechanics and Farmers Bank, Deloitte, Industrial bank, CEO, Local Initiatives Support Corporation, African Americans, Goal, Paul, Weiss, Rifkind, Wharton & Garrison, Advertising, Citibank, Program, Black Box (Brown Eyed Girls album), Diversity, Certification, Housing, Farmer, Liberty Bank, National Bankers Association, Investment, Social finance, Partnership, Board, Mechanics, MDIS, LISC, Equity, CFO, Drug, Renewable energy, Financial services, Security (finance), Management, Shipbuilding, Bank, Public relations, Citi, the Citi Foundation, CITI, THE CITI FOUNDATION

We are meeting the challenge of helping close the racial wealth gap with urgency, said Jane Fraser, CEO, Citi.

Key Points: 
  • We are meeting the challenge of helping close the racial wealth gap with urgency, said Jane Fraser, CEO, Citi.
  • In just one year since launching Action for Racial Equity, we have already invested $1 billion into initiatives expanding economic opportunity for communities of color.
  • Building on the momentum of progress shared earlier this year , Citi has deepened its commitments in the last six months.
  • Furthermore, Citi announced its commitment to conduct a third-party racial equity audit to assess its efforts to help close the racial wealth gap in the U.S.

Reid Collins Announces $300 Million Settlement in Renren Derivative Litigation Benefitting Minority Shareholders

Retrieved on: 
Friday, October 8, 2021
Slate, Trustee, IV, OPI, Supreme court, LLC, Fraud, Washington, D.C., Morrison & Foerster, New York Supreme Court, Appellate Division, Duff, Skadden, Melinda Haag, Holland & Knight, Paul, Weiss, Rifkind, Wharton & Garrison, Lawyer, Social finance, SoFi, LLP, Bankruptcy, ADSS, Duff & Phelps, ADS, Leading Counsel, Achievement, NYSE, Winston & Strawn, Appellate Division, McDermott, Insurance, Online gambling

NEW YORK, Oct. 8, 2021 /PRNewswire/ --Litigation powerhouse Reid Collins & Tsai LLP today announced the terms of a direct pay cash settlement totaling at least $300 million and resolving the In re Renren, Inc.

Key Points: 
  • NEW YORK, Oct. 8, 2021 /PRNewswire/ --Litigation powerhouse Reid Collins & Tsai LLP today announced the terms of a direct pay cash settlement totaling at least $300 million and resolving the In re Renren, Inc.
  • (The aggregate cash payment to Renren's minority shareholders and ADS holders may exceed $300 million depending on the final determination of the number of shares and ADSs held by non-Defendants).
  • Reid Collins Founding Partner William T. Reid, IV on the resolution of the Renren litigation: "This is an extraordinary result by any measure.
  • Yet indeed, from the vantage point of minority shareholders, we have recovered more for them in this direct pay settlement than the damage claim we set forth in the complaint.

KBRA Assigns Preliminary Ratings to SoFi Consumer Loan Program 2021-1 Trust

Retrieved on: 
Monday, September 27, 2021
Banking, Professional Services, Insurance, Finance, Stanford Graduate School of Business, FICO, Bond, SoFi, Class, Business, Social finance, Company, Credit, KBRA, Bank

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by SoFi Consumer Loan Program 2021-1 Trust (SCLP 2021-1), a $232.5 million consumer loan asset-backed securities transaction.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by SoFi Consumer Loan Program 2021-1 Trust (SCLP 2021-1), a $232.5 million consumer loan asset-backed securities transaction.
  • The preliminary ratings reflect initial credit enhancement levels of 25.67% for the Class A notes, 20.39% for the Class B notes, 13.95% for the Class C notes, and 7.47% for the Class D notes.
  • Credit enhancement consists of overcollateralization, subordination of junior note classes (except for the Class D notes), a cash reserve account, and excess spread.
  • KBRA considered its operational review of SoFi as well as periodic update calls with the Company.

TheDream.US and Social Finance Create First-of-its-Kind Loan Fund to Help Dreamers Attend Graduate School

Retrieved on: 
Thursday, September 23, 2021
Professional Services, Education, Other Professional Services, Finance, Other Education, University, Deferred Action for Childhood Arrivals, DACA, Director, Dream, Ford Foundation, Osteopathic medicine in the United States, Health, Sale, Privacy, Student, Temporary protected status, Multimedia, Deferred action, Pell, Graham Holdings, Board, Social finance, Social mobility, Bill of Rights, Medicine, University, Program, Housing, Entrepreneurship, DC, Student Bill of Rights, TPS, Investment, Rights, Education, Bank

View the full release here: https://www.businesswire.com/news/home/20210923005640/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210923005640/en/
    Ninety-eight thousand Dreamers graduate from public K-12 schools each year, but they are virtually locked out of college.
  • This first-of-its-kind impact investment fund aims to provide loans to more than 1,500 TheDream.US scholarship recipients to help them achieve economic and social mobility.
  • Through the fund, Dreamers can access loans with interest rates on par with those available to American citizens via the federal governments Direct PLUS loan program.
  • Social Finance, an impact finance and advisory nonprofit, will raise the capital and manage the fund toward achieving optimal student outcomes.

Fisher Investments Receives Belgian "Towards Sustainability" Labels

Retrieved on: 
Wednesday, August 4, 2021
Finance, Economy, Ethical investment, Money, Camas, Washington, Fisher Investments, Environmentalism, Ethical banking, Social finance, Environmental, social and corporate governance

Fisher Investments Receives Belgian "Towards Sustainability" Labels.

Key Points: 
  • Fisher Investments Receives Belgian "Towards Sustainability" Labels.
  • "Responsible investing is a priority for many Fisher Investments clients and we continue to expand our sustainable investment strategy portfolio to meet client interest," said Fisher Investments' Senior Executive Vice President of Institutional, Justin Arbuckle.
  • Fisher Investments is proud to collaborate with institutional clients, consultants and other partners as we continue developing our ESG capabilities and offerings."
  • The 'Towards Sustainability' recognition follows other acknowledgements of Fisher Investments' commitment to ESG investment strategies.

Too Good To Go Releases First Impact Report & Commits To Being Carbon Neutral+

Retrieved on: 
Wednesday, August 4, 2021
Articles, Carbon dioxide, Carbon neutrality, Renewable energy, Economy, Sustainable development, Social finance

The report (available online here ) highlights the company's key environmental and social impact efforts, activities and progress over the past year globally.

Key Points: 
  • The report (available online here ) highlights the company's key environmental and social impact efforts, activities and progress over the past year globally.
  • Too Good To Go saved over 28 million meals from the trash last year, a 49% increase from 2019.
  • "Raising the bar is one of Too Good To Go's core values, and this is what we want to achieve in publishing our Impact Report and commitment to being carbon neutral+.
  • The impact report highlights Too Good To Go's key environmental and social impact in 2020, and the many citizens, partners, business, governments, and NGOs that helped achieve these goals.

Sustainability Becoming Mandatory for Business Growth Says Global Solutions Firm TUV SUD Vice President Simon Lemin During July Visit to Sichuan's Meishan California Smart City

Retrieved on: 
Wednesday, August 4, 2021
Articles, Economy, Social finance, Environmentalism, Sustainability, Socially responsible investing

Business, government, entrepreneurs, policymakers, and institutional leaders from around the world have been hosted at MCSC and praised Sichuan's sustainability leadership.

Key Points: 
  • Business, government, entrepreneurs, policymakers, and institutional leaders from around the world have been hosted at MCSC and praised Sichuan's sustainability leadership.
  • In a recent visit to explore opportunities at MCSC, Simon Lemin, Vice President of Industry Services for South Asia at TV SD, emphasized how critical sustainability has become to creating a successful business.
  • And, of course, in many value chains today 'sustainability' and 'sustainable operations' are becoming a mandatory aspect of some markets.
  • It is also completely aligned with the principles of socially responsible investing because it promotes the most productive use of resources."

Tideline Publishes Guide to Using the Impact Investment Label

Retrieved on: 
Tuesday, August 3, 2021
Economy, Articles, Social finance, Corporate social responsibility, Investment, Impact investing, Socially responsible investing, Tideline

NEW YORK, Aug. 3, 2021 /PRNewswire/ --Tideline, a specialist consultant for the impact investing industry, today published a how-to guide for investors seeking to define their approach to sustainable investing.

Key Points: 
  • NEW YORK, Aug. 3, 2021 /PRNewswire/ --Tideline, a specialist consultant for the impact investing industry, today published a how-to guide for investors seeking to define their approach to sustainable investing.
  • The full report, "Truth in Impact: A Tideline Guide to Using the Impact Investment Label," is available at https://bit.ly/3yiy8Mu .
  • Within the guide, Tideline explains why the impact investment label should be reserved for funds and strategies that combine high degrees of Intentionality, Contribution, and Measurement, although the framework recognizes that a larger universe of products can rightly claim to be "impact-focused."
  • Since 2014, Tideline has provided expert, tailored, and actionable advice to institutional asset managers and allocators deploying over $250 billion in impact investment strategies and solutions.

New Corporate Leadership Council Will Advance Social Impact

Retrieved on: 
Tuesday, August 3, 2021
Articles, Ethics, Ethical investment, Social finance, Corporate social responsibility, Euthenics, Industrial and organizational psychology

ALEXANDRIA, Va., Aug. 3, 2021 /PRNewswire-PRWeb/ -- Today, CHC: Creating Healthier Communities announced a new corporate leadership council to elevate social impact issues.

Key Points: 
  • ALEXANDRIA, Va., Aug. 3, 2021 /PRNewswire-PRWeb/ -- Today, CHC: Creating Healthier Communities announced a new corporate leadership council to elevate social impact issues.
  • The group, including top executives and practitioners from more than 25 global organizations, will work closely with CHC to advance corporate social responsibility (CSR), environmental, social and governance (ESG), and diversity, equity and inclusion (DEI) issues, as well as support emerging leaders.
  • "Working collaboratively, we have an opportunity to accelerate social impact issues while providing a network for practitioners and supporting the next generation of leaders," said Michael Bzdak, council chair and global director of employee engagement and global community impact at Johnson & Johnson.
  • "We have an essential role to play addressing social impact, health equity and other issues in this country and around the world," said Dezarie Mayers, Director of Global Health & Social Impact at Pfizer Inc. "I'm proud to serve as vice chair for this esteemed group and look forward to what we'll accomplish together."