In the context of the news this week, we find ourselves in another pivotal moment. Not only is it Climate Week, but the U.S. faced yet another racial injustice in Breonna Taylor’s court ruling. Today’s newsletter addresses these issues and how they, and so many other issues of today, intersect.
At a time when the climate crisis and other systemic risks loom over the economy, the U.S. Securities and Exchange Commission’s 3-to-2 vote today amending its rule on shareholder proposals would make it harder for investors to manage the financial risks associated with these trends.
In 2018, PayPal anonymously surveyed a large sample of its hourly and entry-level employees to assess their financial security. The results indicated that almost two-thirds of surveyed employees reported periodically running out of money between paydays. This was disappointing and surprising, but provides a valuable lesson to other leaders: Although PayPal's internal analysis showed that it paid at or above market value for each of its employees, the wages were not always sufficient for many families.
Supporting the growth of small businesses everywhere is one of the many way FedEx invests its charitable resources. The COVID-19 pandemic has negatively impacted thousands of entrepreneurs, especially when it comes to getting access to capital funding. That’s why FedEx is collaborating with nonprofits like Acción, one of the world’s leading global microfinance organizations. In Brazil, FedEx is helping support financial technology start-ups, often called fintech, through the Acción Venture Lab.
by Zoe So, Regional Director for Eastern & Southern Africa
The Whole Planet Foundation team is excited to introduce our new partnership with GGEM Farming, a young social enterprise operating out of Nkhotakota, on the shores of Lake Malawi. GGEM Farming is the first partner we are engaging under a new initiative to make our funding more accessible to early stage, locally-led companies. Such companies often have programs that are informed by deep knowledge of the local context, and the staff are rooted in the communities where they work.
Whole Planet Foundation is a Whole Foods Market non-profit dedicated to alleviating poverty through microcredit around the globe in countries that supply stores with products. Currently, that's 25 communities in 19 cities in the Unitest States and 76 other countries. Microcredit is small loans - the current average first loan size is $174 - with no formal contract or collateral, provided to low-income entrepreneurs to create or expand a small business, mostly home-based, for the opportunity to generate income and lift themselves and their families out of poverty.
We’re proud to be shortlisted for Best Green Catalyst for our Eclipse Platform in the RE100 Leadership Awards! Many of our suppliers are already using renewable energy, and we’re sharing our learnings to support others to do the same.
$700 million debt offering marks the fourth D&I transaction by a Duke Energy franchise
CHARLOTTE, N.C., August 20, 2020 /3BL Media/ – Duke Energy Progress, a subsidiary of Duke Energy (NYSE: DUK), has successfully closed a $700 million debt offering with the help of seven diverse and minority-owned financial firms.