The Sustainable Investing Challenge brings together future
leaders seeking to help address today’s toughest sustainability
issues through innovative financial solutions
The Morgan Stanley Institute for Sustainable Investing and
Kellogg School of Management at Northwestern University today
announced that the Coast Haven Brokerage team was named the
winner of the 2022 Kellogg-Morgan Stanley Sustainable Investing
Challenge. The team was one of 16 finalist teams competing in the
virtual Challenge on Friday, April 8. The 16 finalists were
selected from a field of 77 teams, composed of over 250 students
from 35 different countries. Their projects targeted impact in 29
countries.
The winning team of graduate students from Judge Business
School, University of Cambridge captivated the judges with
their Coast Haven Brokerage proposal. The team presented the idea
of creating a platform-based brokerage connecting beneficiaries of
ecosystems of mangroves in climate-driven storm-risk areas with
insurers, investors, project developers, and restoration experts
with the goal of facilitating the deployment of parametric
insurance to help protect and restore mangrove forests.
Now in its twelfth year, the Kellogg-Morgan Stanley Sustainable
Investing Challenge is an annual global competition designed to
inspire future leaders to develop innovative financial vehicles to
help address critical social and environmental issues.
“This year’s teams showed us that the challenges we face today
require urgent and fresh thinking,” says Audrey Choi, Senior
Advisor and CEO of the Institute for Sustainable Investing, Morgan
Stanley. “As the world struggles with intensifying extreme weather
events and growing inequality, it’s clear that innovative financial
solutions like Coast Haven Brokerage’s plan to protect and restore
mangrove forests is an exemplary case of tomorrow’s business and
finance leaders thinking outside the box.”
The winning team, Coast Haven Brokerage, consisted of John
Ambler from the United States and William Maxted from the United
Kingdom.
This year’s runner-up was GOAL Fund from The Fletcher
School of Law and Diplomacy at Tufts University. Their proposal
aims to creatively finance the acquisition and restoration of land
surrounding decommissioned oil and gas wells, leveraging private
equity and carbon credits to plug and remediate these areas. The
team consisted of Kathy (Huishan) Hu from China, Nino
Sakvarelidze from Georgia, Riya Mehta from India, and Olivia
Luciani from the United States.
“Since 2011, this Challenge has been a testament to the growing
opportunities available to investors looking to do well by doing
good,” says David Chen, Professor of Finance at Kellogg Management
School, CEO of Equilibrium Capital and the founder of the
Sustainable Investing Challenge. “These students showed such
creativity and financial acumen, clearly demonstrating how ready
they are to be the innovative financial leaders this field
needs.”
Finalists presented their proposals and took questions from a
panel of judges over live video conference. After all teams
presented, judges reconnected over a separate video call to
determine the winner and first runner-up.
The Challenge seeks to inspire the next generation of
sustainable investing practitioners, connect emerging leaders with
industry professionals, and foster greater emphasis on sustainable
finance at graduate schools around the world. More information on
this year’s winner and the finalists can be found on the Morgan
Stanley website and by following the conversation on social media
with #SIChallenge.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing investment banking, securities, wealth management
and investment management services. With offices in more than 41
countries, the Firm's employees serve clients worldwide including
corporations, governments, institutions and individuals. For more
information about Morgan Stanley, please visit
https://www.morganstanley.com/.
About The Morgan Stanley Institute for Sustainable
Investing
The Morgan Stanley Institute for Sustainable Investing builds
scalable finance solutions that seek to deliver competitive market
rate 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:
Morgan Stanley Gaston Terrones Dimant
gaston.terrones.dimant@morganstanley.com
Kellogg School of Management Haley Robinson
Haley.robinson@kellogg.northwestern.edu
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