Kenya’s SunCulture and Ghana’s mPharma have been named among five global winners of the inaugural Morgan Stanley sustainable solutions initiative.
The Morgan Stanley Institute for Sustainable Investing (Sustainable Solutions Collaborative) is an initiative to identify breakthrough innovations that address systemic change to support sustainability. Spanning Africa, and Southeast Asia, Europe and North America.mPharma is a Ghana-based health-tech startup that is revolutionizing the drug supply chain in Africa using the tools that make e-commerce convenient and profitable to make health care accessible and affordable; while SunCulture, is based in Kenya bringing together innovations in inclusive finance, renewable energy and sustainable agriculture to empower small farmers in Africa to make their farming practices more profitable and sustainable.
“Each one of these initiatives, which range from the fully commercial to the entirely nonprofit, has developed remarkable innovations. Through the help of the Collaborative, they have the potential to create the systemic changes needed to create a more sustainable future,” said Audrey Choi, Chief Sustainability Officer and CEO of the Morgan Stanley Institute for Sustainable Investing.
To identify these projects, the Morgan Stanley Institute for Sustainable Investing reached out to a network of distinguished sustainability thought leaders and practitioners from a variety of industries and sectors who submitted nominations for the Collaborative.
Morgan Stanley received more than 150 recommendations and implemented a rigorous screening and selection process to choose innovative ideas with high potential for systemic impact, as well as organizations that can benefit from sustained engagement with the firm.
These innovators will each receive a US$250,000 award. In addition to the awards, recipients will participate in a year-long partnership with the Institute, which drives strategic environmental, social and governance (ESG) initiatives at the firm and aims to accelerate the adoption of sustainable investing strategies across capital markets.
Long-term, members of the Collaborative will belong to a growing network of Morgan Stanley leaders and partner organizations that facilitate cross-sector collaboration on the most pressing sustainability issues.