Team ASEAN Storm Resilience Fund Aims to Help Communities Withstand Extreme Weather Events in Southeast Asia; Wins 2018 Morga...
April 13 2018 - 06:05PM
Business Wire
Challenge brings together future leaders seeking to address
today’s toughest sustainability issues through innovative financial
instruments
Morgan Stanley’s Institute for Sustainable Investing and
Northwestern University’s Kellogg School of Management in the U.S.
today announced that ASEAN Storm Resilience Fund was named the
winner of the 2018 Kellogg-Morgan Stanley Sustainable Investing
Challenge. Comprised of students from Lee Kong Chian School of
Business, Singapore Management University, the team was one of 12
finalist teams competing in the Challenge at Morgan Stanley’s
London offices on Friday. The team proposed a storm resilience
fund, with development impact bond enhancement feature, to allow
investment in storm resistant structures to help communities
withstand extreme weather events in Southeast Asia.
Now in its eighth year, the Kellogg-Morgan Stanley Sustainable
Investing Challenge is an annual global competition designed to
inspire future leaders to innovate conventional financing vehicles
– or even devise new ones – so as to better address environmental,
social and governance problems. The 12 finalist teams were selected
from 307 students at 65 schools across 34 countries.
“These proposals from students around the world demonstrate a
breathtakingly bold ambition to tackle the toughest challenges we
face as a global society. That passion is combined with an
impressive level of sophistication about how private capital can
help create positive change in the world alongside potentially
attractive financial returns,” said Audrey Choi, Morgan Stanley’s
Chief Sustainability Officer and CEO of the Institute for
Sustainable Investing. “We believe these students represent the
future of finance. They continue to inspire us and we look forward
to what they will accomplish in the future.”
The winning team consisted of Mayoying He, Felicia Shaw and Teng
Kai Loh. This year’s runner-up was Resilient Infrastructure Swap
Exchange (RISE), who proposed insurance-linked security with
parametric triggers to mobilize investment and increase liquidity
for resilient infrastructure in Vietnam.
“This year’s finalist teams brought forward creative financial
approaches to the most pressing issues of our time: climate change
resilience, rural health, equity of opportunity and vulnerable
communities worldwide,” said Megan Kashner, Clinical Assistant
Professor & Director of Social Impact at Kellogg School of
Management. “Today’s students are leading us towards action and
solutions. We have but to follow.”
The Challenge seeks to identify the next generation of
sustainable investing practitioners, connect emerging leaders with
industry professionals, and foster greater emphasis on sustainable
forms of finance at graduate schools around the world. More
information on this year’s finalists and winner can be found on the
Sustainable Investing Challenge website. You can also follow the
conversation on social media with #SIChallenge.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing investment banking, securities, wealth management
and investment management services. With offices in more than 42
countries, the Firm's employees serve clients worldwide including
corporations, governments, institutions and individuals. For
more information about Morgan Stanley, please visit
www.morganstanley.com.
About the Morgan Stanley Institute for Sustainable
Investing
The Morgan Stanley Institute for Sustainable Investing maximizes
capital to build a more sustainable future – seeking both
competitive financial returns and positive social and environmental
impact. The Institute is dedicated to accelerating mainstream
adoption of sustainable investing by developing industry-leading
insights and scalable finance solutions to address global
challenges. For more information about the Morgan Stanley Institute
for Sustainable Investing, visit
www.morganstanley.com/sustainableinvesting.
About Kellogg School of Management
The Kellogg School of Management at Northwestern University
develops brave leaders who inspire growth in people, organizations
and markets. Based just outside of Chicago, the school is a global
leader in management education, renowned for its distinctive
thought leadership and pioneering approach to learning. Kellogg
offers an innovative portfolio of programs: four Full-Time MBA
programs including leading one-year program and joint degree
programs with the engineering, law and medical schools; a Part-Time
MBA Program; the premier Executive MBA global network; and
extensive non-degree Executive Education programs. To learn more
about Kellogg School of Management at Northwestern University,
please visit http://www.kellogg.northwestern.edu.
© 2018 Morgan Stanley & Co. LLC and Morgan Stanley Smith
Barney LLC. Members SIPC.CRC 2088344 4/2018
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Morgan StanleyMedia Relations:Sarah Higgins, 212-296-3648
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