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.
New York University, Stern School of Business; New York University, Wagner School of Public Service
2020 Winner
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.
Columbia University, Columbia Business School
2020 Runner-up
SWEEPCO Bonds
Green municipal revenue bond designed to help reduce plastic waste by upgrading existing municipal waste management facilities and improving local recycling infrastructure.
University of Rochester, Simon School of Business
2020 Finalist
Consolidate And Recycle Fund (CARe)
Private debt and equity fund that aims to provide communities with more affordable recycling opportunities through investments in the growth and expansion of small companies across the waste management value-chain.
Indian Institute of Management, Ahmedabad
2020 Finalist
Locus Agriculture
Real assets fund that aims to invest in arable land to help improve rural farmers’ quality of life by employing landless farmers to cultivate high margin cash crops through modern agricultural techniques.
Imperial College Business School
2020 Finalist
Waste2Worth Fund
Waste management infrastructure-focused private equity fund that aims to help reduce compostable waste.
Northwestern University, Kellogg School of Management
2020 Finalist
PlastiCity Fund
Loan fund designed to help reduce plastic waste by financing effective, innovative and scalable plastic sorting technologies.
ESADE Business School; London School of Economics
2020 Finalist
Dignity Bond
Outcome-based security designed to help eradicate homelessness through investments in the development of purpose-built social housing.
INSEAD
2020 Finalist
CEESCO
Fund designed to help increase energy efficiency in buildings by providing energy saving companies (ESCOs) with liquidity from green bond proceeds.
Duke University, Nicholas School of the Environment
2020 Finalist
Carbon Option+
Call option contract that aims to help compliance and voluntary carbon offset buyers hedge the risk of overpaying for carbon credits to meet their emission reduction goals.
Cranfield University, School of Management
2020 Finalist
AusDERBS: Australian Distributed Energy Resource
Asset backed security (ABS) designed to bundle income streams from assets related to renewable energy and energy efficiency.
Tufts University, The Fletcher School of Law and Diplomacy
2020 Finalist
FARM: Fund for Adopting Responsible Materials
Loan fund that aims to help reduce agricultural plastic waste by linking farmers and biodegradable mulch producers though an input credit program.
Columbia University, Graduate School of Arts and Sciences; Erasmus Mundus Joint Master Degree Program
2020 Finalist
SeaLess Plastics
Private debt and equity fund that seeks to help reduce plastic waste through investments in the seaweed-based bioplastics value chain.