Past Finalists and Winners

The prospectuses and presentations of Kellogg-Morgan Stanley Sustainable Investing Challenge finalists are not only a great reference for participating students, but are an evolving record of the evolution of the field of sustainable finance, and, in some cases, early iterations of what have now become successful ventures. 

Click through each year below to see the prospectuses and final presentations that were deemed the strongest in that year of the competition.

2011  •  2012  •  2013  •  2014  •  2015  •  2016  •  2017  •  2018  •  2019  •  2020  •  2021

Stanford University, International Policy Studies

2012 Winner
Rural Electrification with Renewable Energy

Northwestern University, Kellogg School of Management

2012 Runner-up
Upskill Capital

Northwestern University, Kellogg School of Management

2012 Finalist
BioPower

University of Southern California, Marshall School of Business

2012 Finalist
Ecologie Assets

University of South Carolina, Moore School of Business

2012 Finalist
Private Green Revolving Fund

Duke University, Fuqua School of Business

2012 Finalist
Worldwide Impact Indexed Notes

Columbia University, School of International and Public Affairs

2012 Finalist
CI3 Third Billion Fund

University of California, Berkeley, Haas School of Business

2012 Finalist
Economic Development Impact Bond

Duke University, Fuqua School of Business

2012 Finalist
Working Funds Impact Fund, LP

University of Chicago, Harris School of Public Policy

2012 Finalist
Residential Managed Energy Services Agreements

University of California, Los Angeles, Anderson School of Management

2012 Finalist
Pacific Impact Bond Fund