NEW YORK--(BUSINESS WIRE)--

Morgan Stanley’s Institute for Sustainable Investing and Northwestern University’s Kellogg School of Management today announced that EduIndia was named the winner of the 2017 Kellogg-Morgan Stanley Sustainable Investing Challenge. Comprised of students from Kellogg School of Management at Northwestern University, the team was one of 10 finalists competing in the Challenge at Morgan Stanley’s New York offices on Friday, April 7. EduIndia’s idea focuses on creating a private growth debt fund fostering education access and retention in India.

Founded by Kellogg School of Management in 2011, Kellogg School and Morgan Stanley’s Institute for Sustainable Investing present the Kellogg-Morgan Stanley Sustainable Investing Challenge each year, a global competition that creates an opportunity to inspire future leaders to innovate conventional financing vehicles – or devise new ones – in ways that could address environmental, social and governance problems. The 10 finalist teams were selected from 196 students at 37 schools across 29 countries.

“Millennials are taking notice and action on how to address our social and environmental issues through financial vehicles and are a key growth driver for sustainable investing,” said Audrey Choi, CEO of Morgan Stanley’s Institute for Sustainable Investing. “The students in this year’s Challenge are leading the way for the next generation to creatively combine their passion for social change with the goal of achieving competitive financial returns.”

The winning team consisted of Ashwin Halgeri, Chris Shaw, and Erica Hoeveler. This year’s runner-up was Carbon Offset Investment, whose idea focuses on the monetization of the carbon offset value of forestry companies.

“We are proud to host this challenge in which students can apply their financial acumen and creativity to craft strategies that drive both market returns and social impact,” said Megan Kashner, Professor at Kellogg School of Management at Northwestern University and Director of Social Impact. “The Sustainable Investing Challenge forges the path for tomorrow’s business leaders and innovators.”

The Challenge seeks to identify and encourage the next generation of sustainable investing practitioners and proponents, connecting students with industry professionals, and fostering greater emphasis on sustainability at graduate schools around the world. More information on this year’s finalist and winning teams can be found on the Sustainable Investing Challenge website. You can also follow the conversation on social media with #SIChallenge.

About the Morgan Stanley Institute for Sustainable Investing

The Morgan Stanley Institute for Sustainable Investing maximizes capital to build a more sustainable future – seeking both competitive financial returns and positive social and environmental impact. The Institute is dedicated to accelerating mainstream adoption of sustainable investing by developing industry-leading insights and scalable finance solutions to address global challenges. For more information about the Morgan Stanley Institute for Sustainable Investing, visit www.morganstanley.com/sustainableinvesting.

Morgan Stanley (NYSE:MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 42 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.

About the Kellogg School of Management

The Kellogg School of Management at Northwestern University develops brave leaders who inspire growth in people, organizations and markets. Based just outside of Chicago, the school is a global leader in management education, renowned for its distinctive thought leadership and pioneering approach to learning. Kellogg offers an innovative portfolio of programs: four Full-Time MBA programs including leading one-year program and joint degree programs with the engineering, law and medical schools; an Evening & Weekend MBA Program; the premier Executive MBA global network; and extensive non-degree Executive Education programs. To learn more about Kellogg School of Management at Northwestern University, please visit http://www.kellogg.northwestern.edu and to learn more about Kellogg’s leadership and breadth in the realm of social impact, please visit http://www.kellogg.northwestern.edu/social-impact/.

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