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Coast Haven Brokerage Wins the 2022 Kellogg-Morgan Stanley Sustainable Investing Challenge
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The Morgan Stanley Institute for Sustainable Investing and Kellogg School of Management announced the winner of the 2022 Sustainable Investing Challenge as the Coast Haven Brokerage team. Competing against 77 teams globally, they proposed a platform for connecting mangrove ecosystem beneficiaries with stakeholders to facilitate parametric insurance. The competition, now in its twelfth year, aims to inspire innovative financial solutions addressing social and environmental issues. The runner-up was the GOAL Fund from Tufts University, focusing on land restoration around decommissioned oil wells.
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Coast Haven Brokerage's winning proposal targets climate resilience by connecting mangrove ecosystem beneficiaries with financial solutions.
The Challenge highlights growing opportunities in sustainable investing, encouraging innovation among future financial leaders.
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The Sustainable Investing Challenge brings together future leaders seeking to help address today’s toughest sustainability issues through innovative financial solutions
NEW YORK--(BUSINESS WIRE)--
The Morgan Stanley Institute for Sustainable Investing and Kellogg School of Management at Northwestern University today announced that the Coast Haven Brokerage team was named the winner of the 2022 Kellogg-Morgan Stanley Sustainable Investing Challenge. The team was one of 16 finalist teams competing in the virtual Challenge on Friday, April 8. The 16 finalists were selected from a field of 77 teams, composed of over 250 students from 35 different countries. Their projects targeted impact in 29 countries.
The winning team of graduate students from Judge Business School, University of Cambridge captivated the judges with their Coast Haven Brokerage proposal. The team presented the idea of creating a platform-based brokerage connecting beneficiaries of ecosystems of mangroves in climate-driven storm-risk areas with insurers, investors, project developers, and restoration experts with the goal of facilitating the deployment of parametric insurance to help protect and restore mangrove forests.
Now in its twelfth year, the Kellogg-Morgan Stanley Sustainable Investing Challenge is an annual global competition designed to inspire future leaders to develop innovative financial vehicles to help address critical social and environmental issues.
“This year’s teams showed us that the challenges we face today require urgent and fresh thinking,” says Audrey Choi, Senior Advisor and CEO of the Institute for Sustainable Investing, Morgan Stanley. “As the world struggles with intensifying extreme weather events and growing inequality, it’s clear that innovative financial solutions like Coast Haven Brokerage’s plan to protect and restore mangrove forests is an exemplary case of tomorrow’s business and finance leaders thinking outside the box.”
The winning team, Coast Haven Brokerage, consisted of John Ambler from the United States and William Maxted from the United Kingdom.
This year’s runner-up was GOAL Fund from The Fletcher School of Law and Diplomacy at Tufts University. Their proposal aims to creatively finance the acquisition and restoration of land surrounding decommissioned oil and gas wells, leveraging private equity and carbon credits to plug and remediate these areas. The team consisted of Kathy (Huishan) Hu from China, Nino Sakvarelidze from Georgia, Riya Mehta from India, and Olivia Luciani from the United States.
“Since 2011, this Challenge has been a testament to the growing opportunities available to investors looking to do well by doing good,” says David Chen, Professor of Finance at Kellogg Management School, CEO of Equilibrium Capital and the founder of the Sustainable Investing Challenge. “These students showed such creativity and financial acumen, clearly demonstrating how ready they are to be the innovative financial leaders this field needs.”
Finalists presented their proposals and took questions from a panel of judges over live video conference. After all teams presented, judges reconnected over a separate video call to determine the winner and first runner-up.
The Challenge seeks to inspire the next generation of sustainable investing practitioners, connect emerging leaders with industry professionals, and foster greater emphasis on sustainable finance at graduate schools around the world. More information on this year’s winner and the finalists can be found on the Morgan Stanley website and by following 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 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit https://www.morganstanley.com/.
About The Morgan Stanley Institute for Sustainable Investing
The Morgan Stanley Institute for Sustainable Investing builds scalable finance solutions that seek to deliver competitive market rate returns while driving positive environmental and social impact. The Institute creates innovative financial products, thoughtful insights and capacity building programs that help maximize capital to create a more sustainable future. 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.
This material was published on April 11, 2022 and has been prepared for informational purposes only and is not a solicitation of any offer to buy or sell any security or other financial instrument or to participate in any trading strategy. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Morgan Stanley Smith Barney LLC and Morgan Stanley & Co. LLC (collectively, "Morgan Stanley"), Members SIPC, recommend that recipients should determine, in consultation with their own investment, legal, tax, regulatory and accounting advisors, the economic risks and merits, as well as the legal, tax, regulatory and accounting characteristics and consequences, of the transaction. The appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives.
This material contains forward-looking statements and there can be no guarantee that they will come to pass. Neither the information provided nor any opinion expressed constitutes a solicitation by Morgan Stanley with respect to the purchase or sale of any security, investment, strategy, or product that may be mentioned. It is not possible to investment directly in an index.
The returns on a portfolio consisting primarily of Environmental, Social and Governance (“ESG”) aware investments may be lower or higher than a portfolio that is more diversified or where decisions are based solely on investment considerations. Because ESG criteria exclude some investments, investors may not be able to take advantage of the same opportunities or market trends as investors that do not use such criteria.
Morgan Stanley, its affiliates and Morgan Stanley Financial Advisors do not provide tax, accounting or legal advice. Individuals should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving legal matters.
The Sustainable Investing Challenge is an annual global competition organized by Morgan Stanley and Kellogg School of Management to inspire innovative financial solutions for social and environmental issues.
Who won the 2022 Sustainable Investing Challenge?
The 2022 Sustainable Investing Challenge was won by the Coast Haven Brokerage team from the University of Cambridge.
What was the proposal by Coast Haven Brokerage?
Coast Haven Brokerage proposed a platform that connects beneficiaries of mangroves in storm-risk areas with insurers and investors to facilitate parametric insurance.
How many teams participated in the 2022 Sustainable Investing Challenge?
77 teams participated in the 2022 Sustainable Investing Challenge, with 16 teams reaching the finals.
Who was the runner-up in the 2022 Sustainable Investing Challenge?
The runner-up was the GOAL Fund from Tufts University, which focused on financing the restoration of land surrounding decommissioned oil and gas wells.
