Deadline: 21 January 2024
Applications are now open for the Kellogg-Morgan Stanley Sustainable Investing Challenge 2024 Every year, the Kellogg-Morgan Stanley Sustainable Investment Challenge invites teams of graduate students from around the world to develop and present creative financial approaches to address urgent social and environmental challenges.
In 2023, more than 300 students from 53 countries and over 60 schools proposed new financial instruments for positive impact. The Challenge facilitates connections with leading industry professionals to identify, empower, and inspire those who will shape the future of sustainable finance.
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Prize
- Grand Prix: $ 10.000
- Runner-up: $ 5.000
- Third place: $ 2,500
Eligibility
- The teams are limited to a maximum of four (4) members .
- All team members must be enrolled in a graduate program at the time the prospectus is sent. Undergraduate students are not eligible.
- Your team may include members from different graduate schools.
- All ideas must be original ideas from team members.
Judging Criteria
Creativity and Financial Innovation (25%)
- The team has proposed an innovative investment vehicle designed to generate both return and impact. They are looking for:
- An innovative financial structure or
- A known investment approach creatively applied to a problem previously outside the scope or reach of a social or environmental challenge.
- What's interesting about this project? Is it like a dozen others, or is it truly innovative?
- Does the proposal have a unique capital structure, for example, including different forms of capital and employing various types of institutional investors?
- Does the proposal reveal new ways to generate returns, a new asset class, or a new cash flow or value stream?
Impact and scale (25%)
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- Does this provide a scalable solution that can mobilize sufficient capital and generate a significant environmental or human impact?
- Are there specific metrics for impact? Is the impact real and persistent?
- Does the impact derived from the proposed approach stem from financial leverage and not from leftover charitable aid?
- Did the team demonstrate diligence in defining and projecting the expected impact?
Feasibility (25%)
- Does the investment thesis seem plausible?
- Are there any real sources of risk-adjusted market rate returns here? (even considering a gestation period with concessional returns)
- Can you see institutional investors responding to and funding this?
- Has the thesis been thoroughly researched, and is there strong evidence of financial depth that incorporates the economy in general?
Quality of Due Diligence and Finance (20%)
- How thorough and in-depth is the research on the thesis?
- Are the returns and cash flow projections valid? Has the team demonstrated strong financial rationale and validity of the key financial assumptions?
- Have the main investment issues related to returns, asset quality, underwriting, and risk management (both market-based and non-market-based) been identified and addressed?
- Does the team possess the necessary skills to execute? Have they defined the necessary skills within the investment team?
- Are the proposed rates and incentives reasonable?
Presentation (5%)
- Was the team clear, convincing, and concise in their proposal?
- For the final event: Did all team members participate in the original presentation or the Q&A session?
Application
