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2020 Sustainable Investing Challenge

The 2020 Challenge was carried out entirely virtually. Over 300 students from 55 countries submitted ideas, and their inspiring perseverance and innovation is evident in the work of the 12 final teams, which you can find below.


Grand Prize


Refugee ETF

Exchange-traded fund designed to help drive economic integration of refugees through investments in a global index comprised of listed companies with robust refugee-focused policies and initiatives.

New York University, Stern School of Business; New York University, Wagner School of Public Service


Runner Up



Green municipal revenue bond designed to help reduce plastic waste by upgrading existing municipal waste management facilities and improving local recycling infrastructure.

Columbia University, Columbia Business School

2020 Plastic Prize


The 2020 Sustainable Investing Challenge introduced an additional prize for proposals that targeted plastic waste. This new-for-2020 opportunity was in line with Morgan Stanley’s Plastic Waste Resolution. The 2020 plastic prize went to:

SeaLess Plastics 


 Private debt and equity fund that seeks to help reduce plastic waste through investments in the seaweed-based bioplastics value chain.

Columbia Graduate School of Arts and Sciences,

Erasmus Mundus Joint Master Degree Program

Winning Teams

Grand Prize: Refugee ETF

New York University, Stern School of Business; New York University, Wagner School of Public Service

> Download Prospectus

Refugee ETF Personal Statements

Refugee ETF Presentation

Runner Up: SWEEPCO Bonds

Columbia University, Columbia Business School

> Download Prospectus

SWEEPCO Personal Statements

SWEEPCO Presentation

Plastic Award: SeaLess Plastics

Columbia University Graduate School of Arts and Sciences; Erasmus Mundus Joint Maste Degree Program

> Download Prospectus

SeaLess Personal Statements

SeaLess Presentation

All Finalists

AusDERBS: Australian Distributed Energy Resource 

Cranfield University School of Management

> Download Prospectus

AusDERBS Personal Statements

AusDERBS Presentation

Carbon Option +

Duke University Nicholas School of the Environment

> Download Prospectus

Carbon Option + Personal Statements

Carbon Option + Presentation



> Download Prospectus

CEESCO Personal Statements

CEESCO Presentation

Consolidate And Recycle Fund (CARe) 

University of Rochester, Simon School of Business

> Download Prospectus

CARe Personal Statements

CARe Presentation

Dignity Bond

ESADE Business School; London School of Economics

> Download Prospectus

Dignity Bond Personal Statements

Dignity Bond Presentation

FARM: Fund for Adopting Responsible Materials 

Tufts University, The Fletcher School of Law and Diplomacy

> Download Prospectus

FARM Personal Statements

FARM Presentation

Locus Agriculture

Indian Institute of Management, Ahmedabad

> Download Prospectus

Locus Agriculture Personal Statements

Locus Agriculture Presentation

PlastiCity Fund

Northwestern University, Kellogg School of Management


> Download Prospectus

The PlastiCity Fund Personal Statements

The PlastiCity Fund Presentation

Waste2Worth Fund

Imperial College Business School

> Download Prospectus

Waste2Worth Personal Statements 

Waste2Worth Presentation

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