Morgan Stanley Institute for Sustainable Investing

“Morgan Stanley Chairman and CEO James Gorman  announced the establishment of the Morgan Stanley Institute for Sustainable Investing.  The Institute for Sustainable Investing will pursue three focus areas: financial products and solutions that enable clients to invest in sustainability-focused strategies seeking risk-adjusted financial returns; groundbreaking thought leadership that will help mobilize capital toward sustainable investing opportunities; and strategic partnerships with the public, private and nonprofit sectors designed to build capacity and best practices within the field of scalable sustainable investing.”– Morgan Stanley

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Bank of America issues $500M ‘green bond’

“BofA’s green bond is a three-year, fixed-rate bond that’s $500 million in aggregate principal amount. The bank says it’s a senior bond with funds dedicated to finance green investments that further its 10-year, $50 billion environmental commitment. Bank of America viewed this issuance as an opportunity to expand its investor base and to support an important market as investors seek more socially responsible investment options,” the company said Thursday in its announcement about the bond.”–