Finance and SRI News

The Business Case for B Corps: The Secret’s Out, Part 2

(3BL Media and Just Means) - The movement is growing. Fast. 1,400+ B Corps worldwide. And, the community is partnering together in incredible ways. Sustainable Harvest, for example, a global coffee importer focused on building relationships with farmers, is selling a new coffee, using a 100 percent B Corp supply chain. (More on that story coming soon.) More and more business owners are realizing the value of the B Corp model.

From Wall Street to SRI: Former Goldman Sachs Exec Invests in Triple Bottom Line

(3BL Media and Just Means) - When the bottom fell out of the economy in 2008 and Scott Sadler found himself without a job, he seized the opportunity to make a shift in his career; a change he would not have considered previously. Sadler had developed a solid career in finance and had worked at the VP level with Wachovia Bank and more recently, with Goldman Sachs.

Bringing Women into Africa’s Growth Story

(3BL Media and Just Means)- Yasmin Belo-Osagie and Afua Osei’s paths first crossed when they worked together at McKinsey & Company. But the idea to start a pitch competition and entrepreneurial training organization for women-owned, African companies was birthed a few years later during a women’s conference.

SunEdison Bankruptcy Will Not Cast a Shadow on the Solar Industry

(3BL Media/Jusmeans) - Just when it seemed like solar was going gangbusters, with double-digit growth rates, studies showing that states could produce anywhere from 25-45% of their power from the sun, and overall growth in the five years starting 2010 of 418%, we get this news that SunEdision, one of the largest American producers, has gone bankrupt. Does this indicate that the solar boom is coming to a screeching halt? Or is this the story of one particular company whose fortunes have crashed and burned due to specific circumstances?
That question was answered right out of the gate in Jenny Chase’s post on Bloomberg New Energy Finance. “SunEdison’s bankruptcy says more about the company’s strategic decisions than about the solar industry as a whole.” She assures us that companies like SunPower and First Solar are doing just fine.
“What has distinguished SunEdison,” says Chase, “has been the relentless and unfocused pursuit of growth, in which it has invested vast amounts of borrowed money.” In short, the company took a lot of risks, with borrowed money, and not enough of them paid off.

In the world of big projects and high finance, timing is critical. Some of projects SunEdison invested in were not bad risks, per se. They just took a little too long to come to fruition. Others, like attempting to enter China in 2014 when six of the top ten producers in the world are Chinese, were probably unwise.

The company spent $3.1 billion on a two-year acquisition spree. By the time they declared bankruptcy, they were $16 billion in debt.

Britain’s Biggest Benevolent Celebrities Are . . . .

(3BL Media/Justmeans) – The UK’s The Sunday Times has announced that rock super-star Sir Elton John and best-selling author JK Rowling are Britain’s most benevolent celebrities on the newspaper’s 2016 ‘Giving List’, each donating a large part of their fortune to charities.

US and UK Studies Issue Warnings about Financial and Health Impacts of Climate Change

(3BL Media/Justmeans) – A new study by the London School of Economics (LSE), published in the peer-reviewed journal

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