MCAP Fund Advisors win 2016 Sustainability and Operational Excellence Challenge award
November 01, 2016
The EMPEA Institute has announced the winner of the 2016 Sustainability and Operational Excellence Challenge: MCap Fund Advisors.
MCap was selected for its active management of Ganesha Ecosphere Ltd. by securing the most votes from an audience of over 200 leading emerging market private capital investors convened at the EMPEA/FT Sustainable Investing in Emerging Markets leadership summit.
The audience members voted for the firm they believed best exemplified outstanding sustainable impact from an operational, environmental, social and governance perspective, following presentations delivered by the top three challenges finalists.
The PRI’s Natasha Buckley, Manager, Investment Practices – Private Equity & Property, was one of the judges on the panel, alongside Professor Elroy Dimson of Cambridge Judge Business School and Professor Josh Lerner of Harvard Business School.
She said: “While we were pleased to have so many submissions with clear evidence of impact and operational expertise, it made our job very difficult. The three finalists received the highest total marks when we tallied the judges’ scores and presented three excellent examples of the transformational nature of sustainable investing.
“What’s more, the three highest scores were achieved by very different companies in contrasting markets and industries – from a power company in Uganda to a discount retail chain in Colombia, to a PET water bottle recycling company in India – which goes to show the diversity and potential of sustainable investing to achieve results.”