The big news on Wall Street is Amazon’s purchase of Whole Foods. As a portfolio manager for Nia Global Solutions, where access to healthy, organic, and sustainably farmed foods is one of our six investment themes, I recognize this announcement is a big event for our industry. We are hearing lots of talk about what this acquisition means for other large grocery stocks (prices of Walmart, Target and Costco-our largest grocery business stocks-all fell Friday with the news). Meanwhile, as Brad Stone reported in Bloomberg, “Amazon’s market capitalization increased by more than $30 billion-more than double the amount it is paying [for Whole Foods]. This purchase signals big changes on the horizon
On November 9th, I was as distraught as most of the people I knew. My gut ached in a way that it hadn't since getting the wind knocked out of me catching a kickball on the playground in 5th grade. Since November, so many of us have suffered deep anguish about the national divide, the controversial new policies, and the direction this new government is headed. And while I am certainly upset, I have the distinct privilege of getting to work on the solutions. My day job of helping individuals, organizations, and foundations leverage their investment assets by choosing sustainable and solutions-focused companies is full of purpose, meaning, and progress. Doing this work of aligning investments w
Philanthropies and Family Offices Commit $3b in Climate Solutions Investment As Trump Withdraws Supp
On Thursday, June 1 as President Trump was announcing his intention to withdraw the United States from the Paris Climate deal, I was proud to participate in a group of committed family offices and foundations representing over $1.3B in assets meeting to discuss strategies for investing in climate solutions. Organizations in the room and others across the globe are joining together to invest at least $3 billion in the companies and organizations that will end the fossil fuel era, improve all human lives and heal our environment. Confluence Philanthropy’s Climate Solutions Collaborative (C2C) at The Sierra Club Foundation convened the group. Somewhat unusually, these philanthropies echo the se
