KeyBank Community Development Lending and Investment (CDLI) provided $16.6 million in low income housing tax credit equity (state and federal), a $21.3 million construction loan and $6.3 million taxable equity bridge for the construction of Silos Apartments.
Year after year, Panalpina’s quality, health, safety and environment (QHSE) team has demonstrated the hard work and dedication needed to deliver high-quality service to its customers, while building a culture of quality, safety, sustainability and caring. 2018 was one of the most successful years ever, with a 72 percent reduction in injuries to staff since 2013 and a wide range of activities dedicated to improving local communities.
The Texas Bankers Foundation, the philanthropic arm of the Texas Bankers Association, presented a Cornerstone Award to Dallas-based Comerica Bank for its Gift of Knowledge project. Kevin Mondy, president and executive director of Project Still I Rise, accepted the award at the Texas Bankers Association’s 135th Annual Convention at the Fairmont in Austin.
We recently reviewed the ESG coverage status for the 8,686 companies in the MSCI ACWI (All Country World Index). The ACWI is a popular benchmark for many investors, because it includes approximately 85% of the global opportunities for equity investment. We felt it would be useful to see how much ESG information is currently available on the companies on this type of broad index.
Santander UK has launched a new strategic framework for Sustainability with the release of its 2018 Sustainability Report. The Sustainability strategy reflects Santander’s ambition to be a responsible bank and to further integrate social and environmental considerations into business decisions. This report highlights the importance of transparency in responding to key environmental, social and governance issues and how Santander is bringing its purpose to life – to help people and businesses prosper.
With motors and machine tools surrounding her, Iris Peralta smiles as she wields a welding gun at her workstation. Her work on the factory floor is to create new specialty parts for high-end sports cars.
CEOs from institutional investor firms BlackRock and State Street released their annual guidance to companies on practices they “believe will drive sustainable, long-term growth, and profitability.” These letters were issued amidst widespread cynicism, both socially and economically, while anxious chatter continues about the role of business, capitalism, and strategic time horizons.
Wondering how to develop and communicate your company's long-term plan? Building on a significant body of original research and ongoing feedback from institutional investors, CECP’s Strategic Investor Initiative (SII) has released a template for companies seeking to develop and communicate effective long-term strategic plans that help inform investment, voting, and engagement decisions. According to buy-side investors, the long-term should be described in terms of goals, metrics, and milestones, to enable a deeper understanding of the strategy and to track progress as it is implemented.
As we approach Summer 2019, 2018 feels distant. With hindsight comes clarity, making now a great time to look back at the biggest trends and insights that defined the corporate social investment space last year.
Chief Executives for Corporate Purpose (CECP) launched Investing in Society last year with one overarching goal: to compile the industry's biggest trends and insights into one semiannual report. Developed from CECP’s original research, thought leadership, findings from the Giving in Numbers: 2018 Edition, thousands of discussions with more than 200 of the world’s largest companies, and engagement with leading experts and practitioners, Investing in Society is a 360-degree view of the corporate sector’s role in solving some of the world’s most pressing issues.
T. Rowe Price has released its inaugural Environmental, Social, and Governance Annual Report, accompanied by a white paper highlighting the need for investors to consider the interaction between water, energy, and food – referred to as the ‘WEF Nexus’.
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