The Challenge: 

Devise a Novel Financial Instrument

to Positively Impact the World 

Register now to attend the December 1st kick off webinar for the 2021 Challenge.
Sign up to receive alerts and news, competition deadlines, and (if you're a student) a free annual subscription to ImpactAlpha.

 Every year, the Kellogg-Morgan Stanley Sustainable Investing Challenge invites teams of graduate students from around the world to develop and pitch creative financial approaches to tackle pressing social and environmental challenges.


In 2020, more than 308 students from over 55 countries and 74 schools proposed novel financial instruments to create positive impact. Read about their work and find the winners here.


The Challenge identifies, empowers, and inspires the next generation of sustainable finance practitioners and connects them with leading industry professionals.

Key Dates for 2021

December 1

Kick Off Webinar

Register to attend the December 1st webinar, learn essential details, get tips, ask questions, and get excited!

January 17

Deadline to Request Mentor

Our network of sustainable finance experts is available to give you feedback on your proposal prior to submission (not required for submission).

February 13

Prospectus Submissions Due

Turn in your team's prospectus to officially enter the competition.

March 2


Teams moving on to the final event will be notified, and will receive additional feedback and resources to turn your prospectus into a pitch.

April 9


The 2021 finals will be held either virtually, or, global conditions permitting, at the Morgan Stanley headquarters in New York City.

Our 2020 Sponsors

Lead Sponsor
Partnering Sponsors
Supporting Sponsors
Collaborating Sponsors
In-Kind Sponsors

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