We've kicked off our 'Climate Science Essentials for Sustainable Investing' workshop with Andrew Isaacs, who describes our current climate situation as just the 'amuse bouche' of climate change. Let's delve into this critical topic together. 🌍✨ #ClimateChange #Sustainability #Investing
Sustainable & Impact Finance at Berkeley Haas
Higher Education
Berkeley, California 583 followers
About us
Launched in 2019, this initiative builds on over ten years of thought leadership at Berkeley Haas including the the nation’s first student managed socially responsible investment fund in 2008. We create leaders who use impact investing and sustainable finance to drive positive change and opportunities. We do this through the research, education and leadership of our students, alumni and the wider business community.
- Website
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https://haas.berkeley.edu/saif/
External link for Sustainable & Impact Finance at Berkeley Haas
- Industry
- Higher Education
- Company size
- 2-10 employees
- Headquarters
- Berkeley, California
- Type
- Nonprofit
- Specialties
- SUSTAINABLE FINANCE, IMPACT INVESTING, IMPACT VENTURE CAPITAL, ESG DATA, STUDENT LED INVESTMENT FUNDS, and SUSTAINABLE INVESTING
Locations
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Primary
2220 Piedmont Ave
Berkeley, California 94720, US
Employees at Sustainable & Impact Finance at Berkeley Haas
Updates
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University of California, Berkeley is #1 in female founders, female-founded companies and capital raised by women #gobears
Executive Director, Innovation & Entrepreneurship and BERKELEY CHANGEMAKER(R) | Berkeley Haas Faculty | Stanford
University of California, Berkeley is #1 globally for venture-backed founders and companies. We are also #1 in female founders, female-founded companies and capital raised by women. Huge thanks to all of you who answered the call and updated PitchBook's data set to reflect your connection to UC Berkeley. Thanks also to our team: Rich Lyons, Darren Cooke, Mia Rauer, Debra Summers, Jay Le Roux Dillon, Ed.D. and our colleagues in Alumni Relations and the I&E Council. Jason Pohl wrote the below article and Neil Freese created the eye-popping graphics. https://lnkd.in/gVVy3CfN #gobears | #youseeberkeley | UC Berkeley Innovation & Entrepreneurship | Berkeley Changemaker | #BerkeleyInnovation | #BerkeleyEntrepreneurship
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🌍 Strategic Growth: Integrating Sustainability into Your Career Path 🌱 In today’s world, integrating sustainability into your career isn't just a trend—it's a strategic move that aligns with both global priorities and evolving business needs. Our latest blog post by Kaya Ten-Pow explores how business professionals, especially those from business schools, can navigate and excel in this growing field. 🔍 Key Insights: Sustainability Sector Boom: Opportunities are expanding across finance, strategy, communications, and more. The blog posts highlights the work of Climate United. Companies are actively seeking skills in sustainability, with a notable emphasis on strategy and reporting. 📊 In-Demand Skills: To transition successfully, focus on developing expertise in data analysis, financial modeling, carbon accounting, and impact measurement. Advanced degrees and certifications can give you a competitive edge. 🎓 Challenges & Considerations: Be prepared for varied compensation and the need for specialized knowledge. A commitment to sustainability and social impact is crucial, and networking is key to breaking into the field. 🌟 As Adair Morse from University of California, Berkeley, Haas School of Business notes, "Recruiters want depth, not just markers of sustainability passion. Of course, passion is a must." Whether you’re a student, an alumni, or a professional looking to pivot, understanding the landscape and equipping yourself with the right skills can set you up for a rewarding career in sustainability. Read the full blog post for a comprehensive guide on how to align your career path with sustainability goals and make a meaningful impact. https://lnkd.in/gjT_S3zp #Sustainability #CareerGrowth #SustainableBusiness #ESG #CareerDevelopment #GreenJobs #Finance #ImpactInvesting
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🌍 Climate Science Essentials for Sustainable Investing 🌱 Are you a climate investor? Could you use a crash course in climate science? Join us for an exclusive extracurricular workshop designed to equip students and alumni with the essential knowledge to navigate the evolving world of climate investing by providing a strong scientific knowledge base to build from. 🗓 Date: September 8th, 2024 🕐 Time: 1:00 PM - 4:00 PM 📍 Location: Berkeley Haas 📅 Registration Deadline: August 30th, 2024 🔗 Register Here: https://bit.ly/3YXiDtv 💼 Instructor: Drew Isaacs, Senior Lecturer at UC Berkeley’s Haas School of Business Workshop Highlights: Core principles of climate science Climate risk and opportunity assessment The impact of climate change on various investment sectors Led by Andrew Isaacs, a seasoned expert with experience from NASA to Silicon Valley, this workshop promises to provide invaluable insights into how climate considerations can shape smarter investment strategies. Registration closes on Friday—secure your spot now! 🌟 #SustainableInvesting #ClimateScience #ProfessionalDevelopment
Climate Science Essentials for Sustainable Investing Fall 2024 Sign Up Form
docs.google.com
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Are you looking to make an impact in the world through your work? We're #hiring! SCA is recruiting for a Vice President and an Associate to join our Sustainable Finance team! Candidates for these positions should be entrepreneurial, ambitious and resourceful. Follow these links to learn more about the position and to apply! Vice President: https://lnkd.in/gbk8nM5m Associate: https://lnkd.in/g7zzRAuK #sustainablejob #finance #jobalert
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More than 15 institutional investors and several environmental groups like Ceres, Inc., Sierra Club, Sierra Club Foundation, Environmental Defense Fund, the Natural Resources Defense Council (NRDC), and more filed amicus briefs Aug. 15 defending the SEC’s climate disclosure rule.
Institutional investors, environmental groups defend SEC climate rule in amicus briefs
pionline.com
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Every semester, University of California, Berkeley increases its number of climate-related classes. There are currently over 50 courses spread across many departments. The University of California, Berkeley, Haas School of Business has recently launched a joint MBA and Master of Climate Solutions program to help train students in both business and climate change to work across disciplines and execute competitive strategies. The Sustainable & Impact Finance at Berkeley Haas also supports several courses that help students learn about the risks and opportunities associated with climate and investing, like the Climate Solutions Fund and the Impact and Climate Investing Practicum. It is good to see what other schools like The Wharton School and MIT Sloan School of Management are doing in this Inside Climate News article by Mathilde Augustin.
How Wharton and Other Top Business Schools Are Training MBAs for the Climate Economy - Inside Climate News
https://insideclimatenews.org
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Sustainable & Impact Finance at Berkeley Haas reposted this
Want to get up to speed on climate & business? This month, we’re featuring some of our favorite resources in our #BacktoBschool post series. Start here! Get up to speed on climate fundamentals: 🌎 Center for Climate and Energy Solutions (C2ES) Climate Basics - https://lnkd.in/eWkct7K3 🌏 Climate Solutions 101, by Project Drawdown - https://lnkd.in/dBrg48F 🌍 Sightline Climate (CTVC) - https://www.ctvc.co/ 🌎 Yale Climate Connections Climate Explained - https://lnkd.in/eYbj-XA6 🌍 MIT Climate Portal - https://lnkd.in/ed7eka8d & TILClimate https://lnkd.in/d7_4kPB 🌎 Probable Futures Climate Handbook - https://lnkd.in/ePfrP8tU 🌏 The Gigaton - https://lnkd.in/e5aRBpRd 🌍 MBA EDGE - https://www.mba-edge.com/ 🌎 Canary Media Inc. - https://lnkd.in/gJaESMh #bschool #MBA #energy #climate #cleantech #sustainability
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We participated in a survey, the results of which were included in a paper that was published in the April 2024 edition of the Journal of Investing, entitled Student Managed Investment Funds Turn Pro: Innovation, Benchmarking, and Performance by Steven Todd and Daniel Velarde. https://lnkd.in/g6wZ3Nby
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Activist short sellers play a key role in detecting fraud but often face criticism for possibly spreading false negative information. Read our Co-Faculty Director Panos N. Patatoukas's most recent research on the subject below. Panos N. Patatoukas, Byung Hyun Ahn of Dimensional Fund Advisors and Robert M. Bushman of The Graduate School at the University of North Carolina at Chapel Hill have found that stock lending before a disclosure can reveal the quality of an activist’s information. Increased short-selling before a disclosure tends to lead to worse stock performance and significant consequences like auditor changes and lawsuits. Higher short-selling costs strengthen this effect. Overall, activists who publicly reveal fraud are less likely to use deceptive 'short-and-distort' tactics. #ShortSelling #FraudDetection #ResearchInsights
🚨 Under the Hood of Activist Fraud Campaigns 🚨 💡 Exposing Corporate Fraud Corporate fraud is notoriously hard to detect. Activist short sellers, who engage in investigative research and publicly disclose their findings under their own names, have played a crucial role in exposing corporate frauds such as Nikola Corp., Luckin Coffee Inc., and Wirecard AG. Despite their contributions, activist short sellers have come under scrutiny for allegedly engaging in ‘short-and-distort’ schemes, where they take short positions and spread false or misleading information to drive down stock prices and profit from buying back at the lowered price. 🔍 Looking Under the Hood of Activist Short Selling Our paper in The Accounting Review provides a detailed look under the hood of activist short selling. We develop a framework delineating the roles of campaign-specific private information quality and short-selling dynamics in shaping disclosure incentives. Our findings reveal that increased pre-disclosure shorting intensity is associated with more negative post-disclosure returns, adverse media coverage, and significant campaign outcomes such as auditor turnover, material accounting restatements, class-action lawsuits, and performance-related delistings. Additionally, elevated short-selling costs and risks magnify the relationship between pre-disclosure shorting intensity and post-disclosure underperformance. 📉 Manipulative Short Selling and V-Shaped Reversals Our examination of V-shaped reversals, where stock prices fall and then quickly reverse after the campaign disclosure, shows no evidence of systematic manipulation. We find that one-third of activist fraud campaigns exhibit a V-shaped reversal in the five-day disclosure window. However, extending the return window reveals that V-shaped reversals are transient, and long-term performance does not systematically differ with or without a V-shaped reversal. Furthermore, we find no evidence of rapid short covering after activist fraud campaign disclosures to front-run the rebound of stock prices. This is consistent with significant retaliation, reputational, and shorting risks discouraging activists disclosing under their own names from engaging in short-and-distort schemes. ⚖️ Regulatory Implications Contrary to the view that activist short sellers undermine capital markets by maliciously spreading unverified bad news to earn quick profits, our research suggests they enhance market integrity and price discovery by uncovering corporate fraud. With the SEC's new rules requiring traders with significant short positions to report their positions, there will be more visibility into short selling. However, additional regulation might constrain activists’ ability to profit from their private information. Hindenburg Research Muddy Waters Research U.S. Securities and Exchange Commission Institutional Investor The Wall Street Journal 📄 Get access to our paper in The Accounting Review here: https://lnkd.in/g2sjksff