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

Kellogg School of Management at Northwestern University

2014 Winner
Fresh Coast Capital

Remediating contaminated land in the US through reforestation.

Haas School of Business at UC Berkeley

2014 Runner-up

Lending to small scale sustainable fisheries in the US.

Darden School of Business at University of Virginia

2014 Finalist

Financing energy efficiency improvements on shipping vessels.

Sustainability Management Program at Columbia University

2014 Finalist

Providing microfinance loans to palm oil farmers in Indonesia.

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

2014 Finalist
Forest Futures Fund

Securitizing timber rights in Costa Rica.


2014 Finalist
Slum Lav Millionaire

Financing portable compost toilets in India.

Said Business School at University of Oxford

2014 Finalist
CP Investments

Financing development of cassava processing market in Ghana.

Shanghai Advanced Institute of Finance at Shanghai Jiao Tong University

2014 Finalist
Illumina LED Venture Fund

Financing LED street light installation in US municipalities.


2014 Finalist

Leasing residential solar lighting in Nepal.

School of Advanced International Studies at Johns Hopkins University

2014 Finalist

Financing solar irrigation systems in India.

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