457 investors managing more than US$41 trillion in assets have released a new joint statement to all world governments urging a global race-to-the-top on climate policy
Developed by EARN, a fintech focused on improving the financial health of working families, SaverLife helps Carolyn and thousands of others across America put a little money aside each month to prepare for life’s unexpected costs. By incentivizing people to regularly save a small amount of money, SaverLife sees people take their savings accounts from empty to a small cushion to protect them from car breakdown costs, medical expenses or overdue electricity bills.
In recent years, there’s been a lot of buzz, and skepticism, about Sweden’s efforts to move to a cashless economy. Other countries are following suit. In the place of physical cash, these economies are increasingly using credit, debit, and mobile payments for financial transactions. One central criticism of cashless economies is that the reliance on technology will exclude vulnerable populations – those who are most likely to be unbanked or have low digital literacy or technology access.
MetLife Foundation and Visa Inc., with global nonprofit Accion and World Bank Group member IFC, announced the winners of the Inclusive Fintech 50, a competition launched in February to help early-stage fintech companies attract capital and resources to benefit the world’s 3 billion financially underserved people.
For pension funds, impact investing is not only investment with a conscience, it’s a stable financial choice that shows steady returns and weathers wider market fluctuations. And it’s what pension holders are increasingly asking for, says Tim Macready, CIO of Brightlight, an Australian impact investing company that has already invested A$150m (£80m) in pension funds in more than 200 companies in emerging markets.
Climate change, and our market and regulatory response to it, has the potential to upend entire markets and sectors, and leave even the largest companies in the dustbin of history. It’s time investors raise their voices and cast their votes in favor of good governance, and it’s time Exxon introduce an independent party into its board leadership to ensure it can appropriately engage with and act on climate risk.
CEOs and other representatives of more than 75 U.S. businesses and trade associations, with combined market valuations of nearly $2.5 trillion, call for federal climate action including carbon pricing.
WPF’s Field Officer Appreciation Award is an initiative to support our partners to recognize the hard work done by field staff on the front lines of microfinance. During quarter one, WPF disbursed prizes to the field officers who were nominated by our microfinance partners at the end of 2018. Here are some highlights from this group of nominees from the Asia/Pacific region and some lovely award ceremonies that our partners have shared. Even with personalized recognition, all the staff chose to share their prize with their colleagues and/or the clients they serve!
Wells Fargo & Company (NYSE:WFC), NeighborWorks® America and its local network member, NeighborWorks HomeOwnership Center Sacramento Region, today announced an additional $6 million donation by Wells Fargo to boost homeownership through the NeighborhoodLIFT® program for Sacramento County and the city of West Sacramento. This effort to create approximately 225 local homeowners follows the success of the 2012 NeighborhoodLIFT program for Sacramento that included a $7 million philanthropic investment by Wells Fargo and created 329 homeowners.
“If we are to create 21st century economies and businesses that can meet the needs of all within the means of the planet, then Reporting 3.0’s Global Thresholds & Allocations Council is just the kind of initiative that can start making it happen,” says Kate Raworth. “I look forward to exploring and presenting the synergies between Doughnut Economics and Reporting 3.0 in order to promote business for a thriving future.”
PART OF WHAT MAKES THE U.S. FINANCIAL HEALTH PULSE ENDEAVOR SO ROBUST is that each report will examine four pillars of financial health: saving, spending, borrowing and planning. “It’s similar to evaluating physical health,” says Evelyn Stark, the assistant vice president of financial health for MetLife Foundation, founding sponsor of CFSI’s financial health work. “You can’t just look at a single factor like blood pressure or cholesterol. You need to look at a range of financial measures and say, ‘What do these tell us about the collective whole?’”
Highlighting the top news, commentary, and research for the week coming from SHQ. The highlights newsletter also spotlights one profiled organization...
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