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.
KeyBank Community Development Lending & Investment (CDLI) has provided $14.2 million in construction financing for the renovation of Riverview Manor and Piotr Stadnitski Gardens in Buffalo, NY. The project will be developed in partnership with Smith and Henzy Advisory Group and MDG Design + Construction and is supported by existing project-based HUD Section 8 vouchers.
Introducing the GRI Sustainability Reporting Standards, the first global standards for sustainability reporting. This animation is a great way to learn more about the standards, which will replace the GRI G4 Guidelines on the 1st July 2018.
Mono-capitalism, with its singular obsession on financial capital, has fueled growth in global economies and markets that ultimately threatens sustainability and broad prosperity. The resulting megatrends, such as climate change and dangerous wealth disparities, require fit-to-task responses – most notably, transitioning to multi-capitalism as the new operating system for our markets. At its 5th International Conference at KPMG in Amsterdam on June 12-13, Reporting 3.0 is releasing a Transformation Journey Blueprint – as well as a Blueprint for Integrated Accounting and a Blueprint for Integral Business Models – to guide all actors to contribute productively to the shift from degenerative to regenerative economies.
BSR's new report, Win-Win-Win: The Sustainable Supply Chain Finance Opportunity, shows how supply chain and trade finance mechanisms can be leveraged to create tangible cash incentives for suppliers, drive sustainable behaviors, and transform global supply chains. This report is funded by Humanity United.
Sappi North America saw many successes in 2017 despite challenging market headwinds. To our employees, customers and other partners whose dedication contributed to those successes, I thank you.
Our focused strategy and continued investment in our assets and operations set the foundation for our business success, but the nimbleness of our team in responding to changing markets with new products, new services and new ways of doing business really made the difference. That same agility and focus will define our performance in 2018 and beyond, ensuring that we meet our business plan and set new standards of excellence.
Farming, like all investments, carries some degree of risk. How SFP mitigates these risks is unique and key to the opportunity. Market demand for organic food is the fastest growing section in the grocery store isles. Geographically, SFP’s established farm operating network is spread out to minimize the impact of local weather events. Our distributed farm network is focused on areas with the best available soil. Linking our farming network provides the opportunity to negotiate better offtake agreements and to negotiate greater discounts on inputs. And in the event of any crop damage due to a weather event that diminishes our yields, we have crop insurance covering up to 85 percent of our crop loss paid at our higher organic prices.
"For most of our history, in fact ... for 99% of our history, we've chosen not to be in the public eye and we've really wanted our brands to engage consumers. And yet times have changed," Mars chairman Stephen Badger said.
"Consumers do want to know more about not only the brands that they're buying, but the company that is behind them," Badger, who is also the great-grandson of the company's founder, Franklin Mars, said.
Badger is right. A recent study by Label Insight, which surveyed 2,000 consumers, found that 94% of respondents would be more loyal to a brand if it offered complete transparency.
Wells Fargo today announced it is a founding partner of New York’s newest neighborhood and largest private real estate development in U.S. history − Hudson Yards. As a founding partner, Wells Fargo will be the “preferred bank of Hudson Yards.” The company recently opened a bank branch and is expected to move the regional headquarters of its investment banking unit to Hudson Yards.
“Someone said to me a little while ago that once you start immersing yourself and engaging yourself with climate change issues, it’s almost impossible to go back to anything else. You would have to wake up every morning and think: I’m using all my skills and abilities to help support a ‘six degree world’. So, I can’t go back. This is me for the next twenty years.”
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