Weekly Impact Investment Market Update: July 13, 2018

Impact Investing & ESG

When Will “Socially Responsible” Investing Become Just “Investing
This year marks the 10th anniversary of the global financial crisis, bringing with it an inescapable reminder of the power of the finance industry. While many tangible things have changed over the past decade—from stricter regulation to big banks’ leadership ranks—more subtle, yet no less consequential, shifts are also underway in the financial world.

Morgan Stanley: The Case for Sustainable Investing
Sustainable investing is the future. So insists Audrey Choi, Morgan Stanley’s chief sustainability officer, who presented at Barron’s inaugural Impact Investing Summit last month.

The Remarkable Rise of ESG
The term ESG was first coined in 2005 in a landmark study entitled “Who Cares Wins”. Today, ESG investing is estimated at over US$ 20 trillion in AUM or around a quarter of all professionally managed assets around the world, and its rapid growth builds on the (SRI) movement that has been around much longer.

Banks Pivot Toward Greener Finance in Climate Action Push
Some of Europe’s largest banks are unveiling plans to lend and manage money in greener ways as pressure mounts to account for risks associated with climate change.


United States & Europe

Fed’s Powell Says the U.S. Economy in ‘Good Place’ but Trade is a Risk
Federal Reserve Chairman Jerome Powell gave an upbeat assessment of the U.S. economy but warned a sustained period of high tariffs on a wide variety of imports could be harmful to growth.


Developing Economies

The Biggest Economies in Africa
South Africa’s struggle to keep its spot as the second largest economy on the African continent (after Nigeria) has seemingly abated.

Deputy Secretary of State Sullivan’s Remarks at the Africa Growth and Opportunity Act (AGOA) Forum
One of the best features of the AGOA Forum is the wide-ranging conversations from examining how to help women entrepreneurs develop agricultural exports to exploring energy investments.

As China Steps Up, Japan Isn’t Stepping Aside
Tokyo’s government and the private sector are reasserting influence in Asia and beyond.

Indonesia Trade Balance Seen Back to Surplus in June
Indonesia’s trade balance is seen returning to a surplus in June after posting larger-than-expected deficits in the previous two months.

Peru Keeps Rate at 2.75% to Bolster Copper-Fueled Rebound
Peru kept borrowing costs at their lowest level in almost eight years to maintain stimulus to an economy undergoing an a broad recovery fueled by a rebound in mining investment.