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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  •  2022  • 

Northwestern University, Kellogg School of Management

2014 Winner
Fresh Coast Capital

Remediating contaminated land in the US through reforestation.

University of California, Berkeley, Haas School of Business

2014 Runner-up

Lending to small scale sustainable fisheries in the US.

Johns Hopkins University, School of Advanced International Studies

2014 Finalist

Financing solar irrigation systems in India.


2014 Finalist

Leasing residential solar lighting in Nepal.

Shanghai Jiao Tong University, Shanghai Advanced Institute of Finance

2014 Finalist
Illumina LED Venture Fund

Financing LED street light installation in US municipalities.

University of Oxford, Saïd Business School

2014 Finalist
CP Investments

Financing development of cassava processing market in Ghana.


2014 Finalist
Slum Lav Millionaire

Financing portable compost toilets in India.

Yale University, School of Management; Yale University, School of Forestry; London Business School

2014 Finalist
Forest Futures Fund

Securitizing timber rights in Costa Rica.

Columbia University, Sustainability Management Program

2014 Finalist

Providing microfinance loans to palm oil farmers in Indonesia.

University of Virginia, Darden School of Business

2014 Finalist

Financing energy efficiency improvements on shipping vessels.

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