Tag: Additional Articles

2024 GreenBiz 30 Under 30 List of Sustainability Leaders

 

Meet These Rising Stars Fighting Climate Change at Work

Younger adults lead other generations in seeking purpose-driven work: A large majority of Gen Z (86%) and Millennial (89%) workers say that having a meaningful mission is important in their career, according to a Deloitte survey of 22,800 younger workers.

They’ll even “climate quit” when their employers renege on sustainability commitments.

This year’s GreenBiz 30 Under 30 list recognizes the rising stars of sustainability. These are the people who are driving change, at scale, at some of the world’s largest organizations.

The ninth class of the GreenBiz 30 Under 30 were all born on or after March 29, 1994. They hail from the United States, the United Kingdom, Mexico, Brazil and the Philippines.

The GreenBiz editorial team has selected these individuals from nearly 300 nominations submitted in the spring, for their unique and effective efforts to impact the climate crisis at scale.

They are working at corporate giants like BlackRock, Estée Lauder and Whole Foods; startups such as HelloFresh and Circ, and non-governmental organizations including EDF and GRID Alternatives.

Their vocations include making sure that Starbucks serves ethically sourced coffee beans, doubling JetBlue’s sustainable fuel usage and helping drive Zara’s use of recycled fabric.

Their influence is already vast: Assessing climate risk for $2.5 trillion in assets under management at Barclays. Engineering millions of square feet of low-carbon buildings at Gensler, the architectural firm. Setting up the U.S. Department of Energy’s $3.5 billion carbon-removal hubs.

And they’re doing hard, difficult work that often goes unsung, like electrifying truck fleets and home appliances, embedding circularity into food and textiles, and installing renewable energy sources at companies that previously burned oil.

It’s important work, and it’s just beginning. Wish them well — because we’re all going to live in the future they are creating today.

 The 2024 30 Under 30 Honorees List:

 Kayalin Akens-Irby, Head of Growth at Planet FWD in San Francisco

Alex Authie, Associate, Energy and Sustainability at AMA Group in California

Sneha Balasubramanian, Sustainability Specialist at Cisco in Austin, Texas

Raunak Barnwal, Vice President at JP Morgan in London

Ngozi Chukwueke, Africa Technical Associate, Coffee and Farmer Equity Practices at SCS Global Services in Washington, D.C.

Tin Dalida, Chief Operations Officer and Co-founder at Wovoka in Manila

Dan Dinh, Assistant Manager, Product Sustainability at The Estée Lauder Companies in New York

Edward Freer, Sustainability Communications Lead at the London Stock Exchange Group

Hannah Friedman, Founding Principal, Independent Strategic Financial Advisor at Planeteer Capital in New York

Holly Funk, Manager of Energy Performance at Norwegian Cruise Line Holdings in Miami

Vincent Gauthier, Manager, Climate-Smart Agriculture, at Environmental Defense Fund in Boston

Nicoline Good, Associate, Corporate Sustainability at BlackRock in New York

Peter Harrison, interior designer and climate action + sustainability specialist at Gensler in Portland, Oregon

Maile Hartsook, Environmental Sustainability Program Manager at Brown-Forman in San Francisco

Bella Horstmann, Senior Analyst, Sustainability & ESG at JetBlue Airways in New York

Arshiya Lal, Director of Corporate Development at Circ in New York

Andrew Loranger, Senior Analyst, Energy & Sustainability at Host Hotels & Resorts in Bethesda, Maryland

Pedro Alexandre Martins, Senior Sustainable Sourcing Manager at HelloFresh International in Berlin

Kermith Morales Moguel, Impact Manager at United Nations Global Compact in Cordoba, Mexico

Marcela Mulholland, Deputy Director of Partnerships at the Carbon Removal Alliance in New York

Charles Orgbon III, Manager, Climate Change & Sustainability Services at EY in San Francisco

Colton Orr, Sustainable Transportation Program Manager at Gladstein, Neandross and Associates in Los Angeles

Daniel Park, Sustainable Design Specialist at HOK in Ellicott City, Maryland

Sarah Reice, Sustainability Manager at Anthropologie in Philadelphia

Kaity Robbins, Senior Program Manager of Diversion at Whole Foods Market in Austin, Texas

Jess Roberts, VP of Ratings at Sylvera in London

Campbell Weyland, Senior Sustainability Analyst at Lowe’s Companies in Charlotte, North Carolina

Michael Wong, Senior Manager for Environmental Sustainability at Ferguson in Richmond, Virginia

Angelica Wright, Tribal Education and Workforce Manager at the Tribal Solar Accelerator Fund, GRID Alternatives in Orlando, Florida

Christy Zakarias, Climate Risk Vice President at Barclays in London

 

You can read more about each of these young innovators here.

Source: GreenBiz / Trellis

Additional Articles, Energy & Climate, Food & Farming, Impact Investing, Sustainable Business

ASU President Michael Crow Named to TIME Climate 100

Michael Crow named to TIME Climate 100
Image courtesy of TIME Climate 100

In November, Arizona State University President Michael Crow was named to the 2024 TIME100 Climate list of leaders and innovators driving real climate action.

The list includes leaders across a range of fields, from policy to business to education. TIME’s editors spent months vetting names from across the economy. They prioritized measurable, scalable achievements and recent action over commitments and announcements.

Crow is the first university president to be named to the TIME100 Climate list.

He is joined by such fellow honorees as World Bank President Ajay Banga; Claudia Sheinbaum, president of Mexico; Prince Harry, Duke of Sussex; Bill Gates, founder of Breakthrough Energy and TerraPower, among other enterprises; Jennifer Granholm, current secretary of the U.S. Department of Energy; and Gila River Indian Community Gov. Stephen Roe Lewis. This is only the second time the magazine has released its climate list.

The ASU president said the TIME100 Climate honor “is a welcome recognition of our university’s unique approach and impact.”

“We’re not focused on ‘the sky is falling’ or scare tactics — fear only inspires shortsighted, ill-conceived actions,” said Crow, who had been previously honored by the magazine when it named him one of the 10 best college presidents in 2009.

“We’re instead focused on finding solutions and results to some of society’s biggest challenges.”

Crow’s nearly four-decade-long conviction that the world’s leading universities are uniquely positioned — and have full responsibility — to lead in restoring and maintaining our relationship with the planet has driven many of his actions as a leader.

His career path is full of early-stage actions and “firsts,” such as founding Columbia University’s world-renowned Earth Institute (today part of Columbia’s recently formed Climate School) and the Consortium for Science, Policy and Outcomes.

Since becoming president of ASU in 2002, he has transformed ASU into a powerhouse of climate-related action from Hawai’i to Bermuda, from deserts to rainforests and everywhere in between.

Among ASU’s recent innovations:

  • This year, ASU became the first university to require a three-credit sustainability courseas part of students’ general-education curriculum, regardless of major.
  • In February, the university launched the Circular Plastics Microfactory, a first-of-its-kind facility for recycling and remanufacturing plastics, which is expected to divert 550 tons from landfills annually.
  • In April, ASU launched a state-of-the-art coral research and propagation facility— the largest coral nursery of its kind — in Hawai’i, with the aim of restoring 120 miles of reefs off the Big Island.
  • The National Science Foundation selected ASU earlier this year to lead a multi-institution enterprise to confront climate change in the Southwestand spur economic development.
  • The U.S. Department of Energy in 2023 named ASU the anchor institution for EPIXC (Electrified Processes for Industry without Carbon), the DOE’s seventh Clean Energy Manufacturing Innovation devoted to the challenge of fighting greenhouse gas emissions from industrial process heating.
  • Two years ago, ASU was tapped to lead the multiyear Arizona Water Innovation Initiativeto help secure the state’s water supply based on the university’s successful programs in water science, technology, management and law.

The university has been driving innovation in this area for decades. ASU established the nation’s first School of Sustainability in 2006, two years after founding the Global Institute for Sustainability and Innovation, home to numerous programs tackling environmental crises.

Launched about a decade later, the Julie Ann Wrigley Global Futures Laboratory — comprising more than 70 units, centers, programs and initiatives, and five schools, including the School of Sustainability — is a first-of-its-kind entity modeled on the national labs and designed to serve as a “medical center for the planet.” Built on the diverse expertise of more than 855 scientists and scholars, it is the world’s first comprehensive research and education institution dedicated to the empowerment of our planet and its systems.

Additional Articles, Energy & Climate, Impact Investing, Sustainable Business

How Energy-Efficient Windows Transform Residential Properties

 

Above – window installation in a town near Ottawa. Photo provided by Ecoline

In today’s fast-paced world, energy efficiency is no longer a choice but a necessity for homeowners across Canada. With rising household energy consumption, smart home improvement investments are essential. But with so many of them available, where do you start to maximize comfort, reduce energy bills, and contribute to Canada’s sustainability plan?

According to the statistics, energy-efficient windows ranked as the 3rd most-desired home upgrade in 2024 and the 1st when it comes to enhancing energy-efficiency, showcasing their growing importance in residential properties.

This shift underscores how window technology has evolved to not only enhance aesthetics but also drive down energy costs. The numbers speak for themselves: the average Canadian household spends approximately $2,200 annually on energy, with even higher expenses in older, poorly insulated homes.

And with so many different government-backed programs to help homeowners finance energy-efficient upgrades, it’s no wonder replacement windows in BC stand out as a transformative solution.

Energy Efficiency Trends in the Residential Market

Energy-efficient solutions are taking canter stage as homeowners increasingly seek ways to reduce their carbon footprint and save on energy costs. Windows, a key component of any building’s thermal envelope, play a pivotal role in this transition.

Inefficient models can account for up to 25-30% of a home’s heating and cooling energy use; hence, the demand for energy-efficient windows continues to surge due to their proven impact on home comfort and long-term cost savings.

Key Window Trends in 2024:

  • Triple-Pane Windows: These have become a preferred choice among Canadian homeowners. While they are about 15% more expensive than double-pane windows, their advanced insulation properties make them 55% more energy efficient, leading to significant long-term savings.
  • Low-Emissivity (Low-E) Coatings: These microscopic metallic layers applied to glass reflect infrared light, keeping heat inside during winter and outside during summer. Low-E coatings can improve the energy efficiency of a window by up to 30%.
  • Energy Star Certification: Windows with this certification meet strict energy performance criteria, ensuring homeowners receive top-tier efficiency. Energy Star-certified windows have been proven to save up to 12% on annual energy bills.

How Government Programs Stimulate Home Renovations in Canada?

Investing in energy-efficient windows isn’t just a smart move for comfort and cost savings; it’s also supported by various government incentives designed to make these upgrades more accessible. Canadian homeowners can use several rebate and loan programs that encourage sustainable renovations. And while it varies for each province, let’s take a look at some of the most popular options in BC:

  • BC Energy Efficiency Rebate: In British Columbia, homeowners can claim up to $2,000 for window and door replacements. This initiative aims to incentivize upgrades that meet high-efficiency standards and promote the use of certified contractors.
  • Canada Greener Homes Loan: Probably the most sought-after program across Canada is the federal loan of up to $40,000 with 0% interest and a 10-year repayment period. This program is structured to support significant home energy retrofits, including window replacements that adhere to ENERGY STAR standards.
  • Ecoline Green Grant: Companies like Ecoline Windows provide their own initiatives, such as the Ecoline Green Grant, which offers homeowners up to $3,750 in savings on window and door installations.

Upcoming Canada Greener Homes Affordability Program

The Canadian government announced in their Budget 2024 plan the upcoming federal program to help homeowners across the country to continue renovating their homes to keep up with Canada’s sustainability plans to reach “net-zero by 2050”.

The program is supposed to allocate $800M over five years, starting in 2025-26. This government initiative aims to continue supporting energy-efficient upgrades in the residential market, focusing on low- to median-income Canadian households, including tenants.

How to Qualify for Rebates or Loans in Your Region

  • Install ENERGY STAR-Certified Windows: To be eligible for most rebate programs, homeowners need to choose energy-efficient windows that meet ENERGY STAR standards.
  • Home Energy Inspection: Government-backed programs require an energy audit before and after installation to assess the home’s energy profile and identify areas for improvement.

These incentives make upgrading more financially feasible, especially considering that energy-efficient window installations can provide a substantial return on investment. If you are curious about your local options, please check this guide about all window and door rebates in Canada.

Ecoline staff at head office in Calgary. Photo provided by Ecoline
Ecoline staff at head office in Calgary. Photo provided by Ecoline

Are Energy-Efficient Windows Worth the Initial Investment?

Keeping it short – absolutely! High ROI, annual energy bill savings, and maximizing comfort and home value are the ultimate benefits. But if you want to dig into the details, let’s quickly overview the stats. According to the Royal Bank of Canada (RBC) Home Value Estimator, window replacements yield an impressive ~70% ROI, making them one of the top-rated home renovation projects.

While high-end kitchen renovations, for example, can cost between $35,000 to $50,000, premium window replacements range from $7,500 to $10,000, offering a more affordable yet impactful upgrade with all the savings on energy bills (~12%) for the next 25 years (the average lifespan of quality windows) and the estimated increase in property market price, depending on the place of living. Even more so if you consider all the available rebates and loans in your region.

Wrapping Up

Energy-efficient window installations continue to play a pivotal role in transforming residential properties across Canada, offering a blend of economic, environmental, and lifestyle benefits.

With so many benefits and government incentives, investing in modern replacement windows is a powerful way for Canadian homeowners to improve their living environment, reduce energy expenses, and boost property value.

 

Looking to enhance your home’s comfort and energy efficiency with new windows? Visit https://www.ecolinewindows.ca to learn more!

Additional Articles, Energy & Climate, Sustainable Business

Calvert Commemorates 20th Anniversary of the Calvert Women’s Principles

 

Calverts Womens Principles 20 years reportCalvert Research and Management (Calvert) is pleased to announce the 20th anniversary of the Calvert Women’s Principles, the first global code of corporate conduct focused exclusively on advancing, protecting and investing in women. Developed in 2004 with the support of the United Nations, the Calvert Women’s Principles provide a set of standards for companies to measure progress and serve as a tangible indicator for investors to assess the evolution of gender equity in the corporate community.

“Developing the Calvert Women’s Principles was a significant step forward in 2004 and highlights the role corporations play in driving greater equality,” said Jade Huang, Chief Investment Officer, Calvert.

“The Women’s Principles remain both important and relevant today, serving as a guide for companies to advance equity and inclusion across their employee base while also offering investors a consistent framework to measure progress on a factor that influences company performance.”

Calvert research and academic studies indicate that gender diversity is financially material to equity returns for both U.S. and international large-cap markets, both at the board level and when evaluating equitable advancement opportunities.

Ms. Huang continued, “Fully embracing the Calvert Women’s Principles and building an equitable workforce can be a competitive advantage for corporations.”

Implementing the Calvert Women’s Principles may help companies create strong talent pipelines to ensure equity at all levels of employment.

They focus on seven key areas:

  1. Employment and compensation
  2. Work-life balance and career development
  3. Health, safety and freedom from violence
  4. Management and governance
  5. Business, supply chain and marketing practices
  6. Civic and community engagement
  7. Transparency and accountability

Gender equality has advanced significantly in the two decades since the development of the Calvert Women’s Principles but there is still more progress needed. Globally, companies have advanced female representation on corporate boards towards parity, with some regional differences.

In developed markets, large-cap companies generally exceeded the 30% female board representation threshold. Women remain underrepresented on corporate boards in emerging markets with about half the representation seen in developed markets. However, the broader trickle-down effect from increased gender diversity in the boardroom has not taken place as quickly as anticipated.

“Companies across the globe have made considerable progress incorporating the Calvert Women’s Principles and adhering to the basic tenants,” said Ms. Huang. “We see somewhat of a barbell with strong levels of gender parity at the board and employee level but lacking at the executive and senior management levels.”

 Key facts:

  • Women represent 47% of the U.S. workforce, but hold only 25% of senior-level positions
  • The female-to-male earnings ratio was 82.7% in 2023 for full-time, year-round U.S. workers.
  • In 2023, the S&P Global Market Total Index comprised approximately 15,000 c-suite roles, of which women represented 11.8% of those roles.
  • Research shows that closing the gender gap in labor force participation and management in Organization for Economic Co-operation and Development (OECD) countries could raise global economic activity by roughly $7 trillion.
  • The World Bank calculates that closing gender gaps in areas like employment and entrepreneurship could increase global gross domestic product by 20%.

“Company culture is an extremely important variable for success, yet difficult to measure,” Ms. Huang continued. “A culture that values different perspectives as a strength can often point to more positive outcomes. Having a framework like the Calvert Women’s Principles enables a more robust and balanced analysis that drives investment decisions focused on competitive returns and positive change.”

About Calvert Research and Management

Calvert Research and Management (Calvert) is a global leader in Responsible Investing, offering one of the largest and most diversified families of responsibly invested strategies. With over 40 years of experience, the firm seeks to generate favorable investment returns for clients by allocating capital consistent with environmental, social and governance best practices and through structured engagement with portfolio companies. Calvert is part of Morgan Stanley Investment Management, the asset management division of Morgan Stanley.

Additional Articles, Energy & Climate, Food & Farming, Impact Investing, Sustainable Business

Welcome to Global Galactics and The Spark at the Center of the Universe

By Timothy Karsten, Global Galactics

 

Timothy Karsten of Global GalacticsImagine a world where 10,000 families or more come together with one powerful mission: to protect our planet, explore the stars and raise a generation of young leaders who will help build a sustainable, compassionate future for Earth and beyond.

That’s the world we dream of, and it’s a future our planet needs. So, when Cliff kindly invited me to share our story, I was thrilled to tell you about Global Galactics and the incredible journey we’re on.

Global Galactics is more than an entertainment brand — it’s a mission-driven company with a purpose. We’re here to inspire the next generation of eco-conscious, empathetic leaders. Through our eco-friendly products, stories and resources, we’re helping families grow together in ways that make both our Earth and our minds healthier and ready for the future of space exploration.

At Global Galactics, we’re not only looking to nurture a love for Earth but also to inspire curiosity about the vast universe beyond. The galactic side of our brand encourages kids to look up, dream big and imagine a future where they might even explore the stars. With Sparky as their guide, children journey to distant planets and stars, learning that they’re part of a much larger story. Our stories and characters introduce them to the wonders of space, and we hope this sense of cosmic curiosity will inspire them to be thoughtful, courageous explorers — whether they’re discovering a new corner of Earth or looking to the skies for what lies beyond. By fostering an early connection to the galaxy, we’re preparing young minds for a future where Earth and space are interconnected, where their actions on our planet have a positive impact elsewhere.

Sustainability is at the heart of everything we create. From the eco-friendly materials in our products to the nature-inspired themes woven into each story, Global Galactics is designed to help children and families feel deeply connected to our planet. Through Sparky and his friends, we’re offering tools for self-leadership, relationship intelligence and environmental stewardship, empowering kids to become caring stewards of their own lives and the world around them.

This mission was inspired years ago by a spirited Jack Russell Terrier named Sparky, whom I found while living in Santa Fe, New Mexico. Sparky was more than a pet — he was a companion with boundless curiosity, an explorer at heart who brought out the childlike wonder in me. Together, we explored the natural wonders of the Southwest and beyond, from the US to Mexico, Canada, Europe, Asia, and Africa. My wife, Karinna, joined us on many of these journeys, and together, we found ourselves in incredible places, meeting marvelous people and learning from the world around us.

Sparky in Thailand with Timothy and Karinna Karsten, Global Galactics
Sparky in Thailand with Karinna and Timothy Karsten

Sparky and I often visited Teach for America classrooms in the U.S. and Asia, where we shared stories of our adventures, local wildlife and the importance of caring for animals with kids eager to learn. Sparky, in his own way, was a teacher, too — he showed kids what it meant to embrace curiosity, kindness and resilience. He lived a long, healthy life until the remarkable age of 18 years and 10 months, leaving us with an enduring legacy of exploration, compassion and a belief in the power of connection.

After Sparky’s long and joyful life, while spending time on the island of Huahine in French Polynesia, we were inspired by local youth programs to create Global Galactics — a children’s edutainment brand designed to bring families together in a journey of discovery. Partnering with students at the Savannah College of Art and Design (SCAD), we began developing characters and story concepts that bring our mission to life, combining adventure, education and empathy into a brand that inspires the next generation to become stewards of Earth and explorers of the universe.

Our first children’s book, The Spark at the Center of the Universe, invites young readers to join Sparky, the adventurous, galaxy-traveling pup, on an inspiring journey across the stars. Through encounters with creatures as small as an ant and as grand as a whale shark, Sparky discovers the incredible truth that every being is at the center of the universe—and that each of us has the power to protect it. This beautifully illustrated story encourages children to see the special importance in all living things and to become true “Global Galactics” — guardians of our planet and explorers of the wonders of the galaxy. Perfect for curious minds, the story sparks a love for nature, science, exploration and the connections that make our world and galaxy extraordinary.

Beyond the book, Global Galactics expands this mission with original songs that bring big ideas to life through music. Our song “Money Flows” uses a fun reggae groove to teach kids how money circulates through the economy, while “Community Disco” introduces the value of community and how people work together based on shared values and organizing principles. These songs engage kids and families alike, making it easy to learn these valuable concepts together.

Our content also includes Sparky’s Everyday Audio Adventures, a kid-friendly, everyday podcast where Sparky explores topics like community, mindful consumption and the circular economy. Each episode is designed to be short and engaging, offering children an entertaining way to connect with ideas that are foundational to sustainability and good citizenship. Our YouTube channel further expands these lessons, with sing-along videos, doodle-animated stories and educational content that children and parents can enjoy together.

For the founders out there, you know the challenges and joys of building a mission-driven venture. And for parents, we know how tough it is to find content that aligns with the future you envision for your children. That’s why we’re here to offer something unique: a blend of education, entertainment and hands-on lessons for building a better world.

We invite you to join us on this journey as we empower young leaders to look up, look within, reach out, and build a future rooted in sustainability and global citizenship. Thank you, Cliff, and to all the readers of The GreenMoney Journal, for giving us this opportunity to share our vision. Let’s make this a galac-tastic adventure together!

To learn more about Global Galactics, visit our website at www.globalgalactics.com and follow us on social media: Instagram, Facebook and YouTube

 

Article by Leadership expert and traveling adventurer Timothy Karsten who was inspired to create Global Galactics LLC by his own pup, Sparky, and their nineteen-year journey together across twenty-two countries and all across the United States. With a website that chronicled their travels, the pair took to schools in Los Angeles through Teach for America, along with visiting schools in India and Thailand with a film crew. The eye-opening result was a deep understanding of what was missing for kids. Global Galactics was created to make learning fun and entertaining, providing kids with information and tools to build self-esteem and understand themselves and their place in the world. He lives with his wife and creative partner, Karinna, in Coastal Georgia.

Additional Articles, Energy & Climate, Food & Farming, Impact Investing, Sustainable Business

Investing in Women in Leadership: Results Driven, Sustainable Impact Investing

By Patricia Lizarraga, Hypatia Capital and WCEO ETF

 

Patricia Lizarraga of Hypatia Capital and WCEO

When Hypatia Capital started investing in women in leadership, in 2007, there were only 10 women CEOs in the S&P 500. Today there are 50. Why is investing in companies with women who are Chief Executive Officers, considered impact and sustainable investing? Because they bring increased economic output, inclusivity, and performance.

Before we look at what we gain by investing in women in leadership, lets measure what we lose by not including women fully in the economy. Women represent close to 50% of the population but only 47% of the workforce. Every year, McKinsey and Lean In publish the Women in the Workforce report. This research shows that, if women were full participants in the economy, global GDP could increase by $12 trillion by 2025. To reach that higher sustainable growth rate, it is imperative that we develop more inclusive organizations and institutions. How? By having more inclusive leadership.

Are Women More Inclusive Leaders?

Inclusive leadership values and includes people from a variety of backgrounds and perspectives. The data tells us women are more inclusive leaders. Women CEOs have senior leadership teams that are 80% more diverse than men CEOs. Women CEOs have senior leadership teams that are 36% women, versus 20% women in men’s senior leadership teams. While women CEOs have senior leadership teams are two-thirds men, it is clear they are making greater strides in bringing more points of view into the leadership suite.

Hypatia Capital believes this gender-balanced vision at the top trickles down throughout organizations benefiting your sister, your daughter, your mother, your friend. We believe having more women CEOs is the fastest and most certain way to get women more equal opportunity in their workplaces. The data shows women are more likely to be promoted at a firm with a female CEO. But, because women are less than 10% of all CEOs, one’s chances of working at a firm that has a female CEO are low. Yet, an upward sloping career path makes permanence in the workforce more likely. Thus, the impact of a higher proportion of women CEOs is that women will feel more included, be more likely to stay in the workforce and be promoted. More women promoted? Elimination of the “broken rung”? That is impact.

The impact, however, is also to the bottom line. Data shows that companies with diverse leadership teams tend to perform better financially. According to Blackrock, the largest asset manager in the world, here are three key areas:

  1. Enhanced Financial Performance: Companies with gender diversity across all levels outperformed less diverse companies by an average of 1.2% between 2011 and 2022.
  2. Leadership Representation: Firms where middle management mirrors the overall workforce’s gender representation generated 36 basis points higher risk-adjusted monthly returns compared to peers with less diversity in these roles over 2016-2022.
  3. Cultural Impact: Companies with more women-friendly cultures, as indicated by longer average maternity leaves taken, showed an annualized excess return of 1.07% over the benchmark (Russell 1000 Index) over the past four years.

What’s the Fund?: Hypatia Women CEO ETF at the New York Stock Exchange

Hypatia Capital’s Journey to Sustainable Impact Investing

Hypatia started investing in women in leadership in 2007. While there is no single moment that sparked the concept, my one-time client Gilberte Beaux was certainly an inspiration. Having risen from the depths of a typing pool, she went on to be Sir Jimmy Goldsmiths’ COO, and later CEO of Adidas. At the time I met her in 2004, there were only 8 women CEOs in the Fortune 500. She was my first woman CEO client. She was amazing. I had my Jerry Maguire moment: More Female Clients.

In conducting research for the launch of Hypatia Capital, initially a boutique advisory and M&A firm focused on women in leadership, I discovered Golden Seeds, the pioneering early-stage investment company that shared our investment thesis: balanced leadership outperforms. I joined and invested in their first fund. I subsequently learned of Trish Costello’s vision of democratizing venture investing by offering funds with $10,000 minimums. I invested in Portfolia funds as well.

But why wasn’t there a product that was appropriate for the vast majority of investors? A product that had no income or net worth requirement? An investment one could exit easily? Was investing in women in leadership only for the wealthy?

In 2016, State Street launched the SHE ETF to “help address gender inequality in corporate America by offering investors an opportunity to create change with capital and seek a return on gender diversity.” I invested immediately, and still hold shares. But their three top holdings are: Meta, Apple and Microsoft. I believe it is the large cap algorithm that drives allocation, not the women focus.

In 2018, YWCA and Impact Shares launched the WOMN ETF. Again, I am a proud investor. I love their commitment to equality. But again, their large cap orientation makes their largest three holdings: Meta, Apple and Amazon.

WCEO: Only Women CEOs – Because Change Starts at the Top

In January 2023, Hypatia launched the WCEO ETF investing in American public companies that have a woman CEO. The WCEO ETF, the first exchange-traded fund focused solely on public companies led by women CEOs, invests in small caps, medium caps and large caps. Our algorithm delivers the Female Factor by eliminating size and industry. Its investment thesis is that female leaders will outperform. Given the additional obstacles women face in corporate America, as documented by McKinsey, they must be extraordinary versus the “average” CEO to make it to that cohort. Outperformance will come from delivering this Female Factor. In addition, by highlighting the performance of women CEOs, we hope to address the negative pattern-matching that affects both individual investors and the boards who have the all-important function of CEO selection. Arming both with performance data is crucial.

The Democratization of Access to Investing in Women in Leadership

Hypatia’s belief is that democracy and access are key to sustainability and impact. It is this belief that led us to design a product that was accessible to all investors. In fact, today, at approximately $31.00 for one share of the WCEO ETF, one invests 21 cents in every American public company with a female CEO, small, medium or large. The WCEO ETF allows all women to invest in all women in leadership. As far as we know, we are the only public product in the world that allows one to do so.

A Call to Action

The work we do in sustainable, impact investing is about building a better world. We have the chance to invest to reflect our values: equity, sustainability, and impact.

Women have a crucial role to play in this transformation. I encourage every woman to consider how to contribute to this movement. Whether you’re just starting your career or looking to pivot into the impact investing space, know that together we make a difference.

With every dollar we invest, every enterprise we support, and every barrier we break down, we are building a future where finance works for everyone.

 

Article by Patricia Lizarraga, the Managing Partner of Hypatia Capital and the visionary leader behind the WCEO ETF. She is committed to advancing female leadership in finance and business, as well as driving sustainable change through impact investing.

Additional Articles, Energy & Climate, Impact Investing, Sustainable Business

My Millennial Friends Aren’t Investing- But They Should Be

By Leah Cantor, LongView Asset Management LLC

Additional Articles, Impact Investing, Sustainable Business

Microsoft’s Climate Innovation Fund invests in Farmland LP to Support Regenerative Ag

Farmland LP, the largest fund manager in the U.S. focused on organic regenerative farmland, recently announced an investment from Microsoft’s Climate Innovation Fund in Farmland LP’s third value-add fund, Vital Farmland III LLC.

Farmland LP will develop Soil Carbon Credits on its 18,500-acre farm portfolio and expand the market for regenerative soil carbon credits. This work will also include preparing the necessary protocols, a critical step towards increasing regenerative agriculture practices globally to sequester vast amounts of atmospheric CO2 as mineralized soil carbon.

“Farmland LP’s use of regenerative agriculture practices to ensure healthy soils, and therefore high-quality soil carbon credits, is a critical element of advancing nature-based carbon removal solutions,” said Erika Basham, director of Microsoft’s Climate Innovation Fund. “We’re excited to invest in their fund and work with them to create a more sustainable agriculture sector.”

“This investment from Microsoft is a significant milestone for Farmland LP and the broader regenerative agriculture sector,” said Craig Wichner, Founder and Managing Partner of Farmland LP. “Microsoft’s investment in our Fund III is a powerful validation of our approach to regenerative agriculture, and this capital will allow us to acquire additional properties and increase our fund’s economic and environmental returns.”

Microsoft’s investment aligns with its commitment to sustainability and innovation. Farmland LP will package carbon credits from diverse regenerative agriculture practices, which it expects to generate using Verra’s Verified Carbon Standard, the foremost carbon program in the world.

This work is instrumental in demonstrating that regenerative practices provide economic benefits to farmers and thus accelerating the sequestration of carbon in soils on agricultural lands worldwide, driving the necessary work to prioritize the carbon credit market’s focus on regenerative agriculture, establish and standardize carbon credit protocols, and promote sustainable farming practices.

Farmland LP is currently raising capital for its $250M Vital Farmland III, LLC. For more information about Farmland LP and Fund III, contact- irteam@farmlandlp.com.

 

About Farmland LP

Farmland LP is the largest fund manager in the U.S. focused on organic regenerative farmland. Founded in 2009, Farmland LP manages over 18,500 acres of high-quality farmland in Washington, Oregon, and California, with more than $300M AUM over three funds. Farmland LP Social Media channels:

https://www.youtube.com/@farmlandlp

https://www.instagram.com/farmland_lp/

https://www.linkedin.com/company/farmland-lp/

https://x.com/farmlandlp

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