Social Finance CSR News

Senator Warren Urges SEC to Tackle Systemic Risk of Climate Change and Mandate Climate Risk Disclosure, Citing Ceres Report

Press Release

Letter to SEC cites significant investor concern over systemic risks posed by climate
 
Senator Elizabeth Warren (D-MA) urged the Securities and Exchange Commission (SEC) to tackle climate change as a systemic financial risk, and to heed the recommendations in a report from the Ceres Accelerator for Sustainable Capital Markets in a letter that “adds an important voice to the growing chorus calling on financial regulators to act on climate change,” said Steven Rothstein, Managing Director of the Ceres Accelerator for Sustainable Capital Markets.

Online or In-Person, Junior Achievement Equips Tomorrow's Leaders with Financial Education

Blog

August 14 is National Financial Awareness Day.

But truth be told, every day is Financial Awareness Day at Junior Achievement (JA). For decades, the non-profit has worked to equip tomorrow's leaders – students in elementary school through high school – with financial and entrepreneurial tools to build meaningful careers and successful lives.

Reimagining Merchant Training in Colombia

How Financial Services Providers used interactive mobile messaging to help thousands of MSMEs grow
Blog

Micro and small merchant training is a critical undertaking in developing nations where these businesses are the biggest drivers of economic growth and job creation.

However, massive gaps in business management skills and financial literacy are limiting their potential. In an ideal world without resource constraints, all merchants would have access to in-person training programs, with dedicated instructors helping them learn and implement best practices.

Empowering Entrepreneurs: Interview with Rob Howard of Brooksource

Blog

Brooksource is a proud event sponsor of the Whole Planet Foundation Virtual 5K that raised $63,000 to alleviate poverty around the globe.  On June 27, 2020, fifteen hundred participants joined Whole Planet Foundation’s Power Your Purpose Virtual 5K to run, walk, bike or move for microcredit.  Registration fees, donations and sponsorships from this online event will fund more than 360 microcredit loans through Whole Planet Foundation, creating 1,900 opportu

Watch Land Betterment Corporation's Impact Minute Episode 7

Guest Contributor Kim Bryden, CEO of Cureate discusses entrepreneurship in times of crisis
Multimedia with summary

FISHERS, Ind.,July 16, 2020 /3BL Media/ - Land Betterment Corporation (“Land Betterment” or the “Company”), an environmental solutions company fostering positive impact through upcycling former coal mining sites to create sustainable community development and job creation, is proud to release Episode 7 of its Impact Minute video blog.  The Impact Minute is a weekly, short video series where thought leaders discuss entrepreneurship and creating sustainable business that aim to address environmental and social issues.  In this episode, Kim Bryden, CEO of Cureate, discusses her thoughts around

Wells Fargo Launches $400 Million Small Business Recovery Effort

The company donates all processing fees from Paycheck Protection Program to nonprofits helping entrepreneurs, minority-owned businesses
Press Release

SAN FRANCISCO, July 9, 2020 /3BL Media/ – Following an April 2020 industry-leading commitment to donate all gross processing fees from the Paycheck Protection Program, Wells Fargo unveiled today the details of an approximately $400 million effort to help small businesses impacted by the ongoing COVID-19 pandemic keep their doors open, retain employees, and rebuild.

Ottawa's Spending Spree Was the Right Thing to Do, Economists Say

Blog

The federal government’s massive increase in spending in response to the COVID-19 pandemic is contributing to “substantially better” economic outcomes than would have been the case without those measures, while raising net debt levels only marginally over what they would have been, a new Scotiabank Economics report says.

The economic impact of the pandemic on households and businesses would also have been worse without the stimulus, with unemployment reaching 15% as opposed to the anticipated 13%, the report says.

Scotiabank Launches New Sustainable Finance Group Within its Global Banking and Markets Division

Press Release

TORONTO, July 2, 2020 /3BL Media/ - Recognizing its unique opportunity as a global financial organization to advance climate transition and promote sustainable economic growth, Scotiabank is pleased to announce the launch of a new Sustainable Finance Group within its Global Banking and Markets (GBM) division. The new team will further Scotiabank's Climate Commitments, announced in November 2019, to support clients in the transition to a low-carbon economy, decarbonize its own operations and contribute to the global conversation on climate change. 

Whole Planet Foundation Partners with Hope for Haiti in Power Your Purpose Virtual 5K

Whole Planet Foundation is grateful to our partners and participants who are mobilizing to support microentrepreneurs around the world on June 27th!
Blog

Pivoting from a physical 5K Run in Austin, Texas to an online event due to COVID-19 has meant partners like Hope for Haiti are joining Whole Planet Foundation from a safe distance to alleviate poverty through microcredit around the globe.  On average, microcredit loans are less than $200 and enable low-income entrepreneurs, mostly women, to start or develop their own small businesses to support their families.  For the past 5 years, Hope for Haiti has been investing in Haitian economy by making nearly $1 million in grants and loans to support Haitian entrepreneurs and social businesses. 

Climate Action 100+ Investor Signatories Achieve Major Gains During 2020 U.S. Proxy Season

Corporate lobbying, governance proposals receive record levels of shareholder support at virtual annual general meetings and help to advance initiative’s aims
Press Release

June 23, 2020 /3BL Media/  - Proposals filed by Climate Action 100+ investor signatories calling on major oil and electric power companies to disclose lobbying activities and improve governance on climate change garnered record levels of support at this year’s U.S. Proxy Season. 

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