D&amp;I

D&I Investment Management

August 12, 2021

Connecting the D&I Dots: How IntraFi Helps Corporates Make an Impact

One corporate used IntraFi Network’s services to access FDIC insurance on a large deposit.One of the obstacles encountered by NeuGroup members whose diversity and inclusion (D&I) initiatives include supporting banks that serve minority communities is connecting with the right people at those institutions and ensuring the safety of their deposits. To address that issue and others, NeuGroup in 2021 showcased how IntraFi Network—formerly Promontory Interfinancial Network—is making it easier and more efficient for corporates to place deposits with minority depository…

Capital Markets D&I ESG

August 5, 2021

A Pioneer Plugs Into Energy Sector Sustainability-Linked Financing

Enbridge, the pipeline operator, is the first midstream firm in North America to do sustainability-linked financing. Presenting to members of NeuGroup for Oil & Gas Treasury (sponsored by Societe Generale), Sheldon Bueckert, director of treasury at Enbridge, shared his experience helping lead the company’s sustainability-linked bond (SLB) and loan financings, a first for a midstream firm in North America. The session focused on a SLB that Enbridge issued in late June.Key SLB details. On June 23, 2021, Enbridge hosted 131 investors…

D&I Investment Management

July 29, 2021

Simple, Repeatable, Scalable = Real Impact on D&I Goals

Women in NeuGroup (WiNG) members discuss advancing D&I objectives, starting with cash portfolio investment partners. Talking the talk can be an important first step, but putting words into action is where treasury gets involved in delivering the financial end of ESG and D&I commitments made by organizations. A recent Women in NeuGroup (WiNG) event addressed opportunities to create meaningful impact via the corporate cash investment portfolio. Diversity in financial partnerships. One way to meet D&I goals is to boost the number…

July 15, 2021

A Bigger Slice: Bank Boosts Roles of Diverse-Led Firms in Bond Deals

Morgan Stanley shares insights on its approach to partnering with diverse-led firms, including increased fees and mentorship.Morgan Stanley recently shared how it is expanding the role of banks and broker-dealers owned and run by minorities, women and veterans—so-called diversity or diverse-led firms—in self-led bond deals. The insights came during a NeuGroup meeting of bank treasurers sponsored by Morgan Stanley. Many corporates in the NeuGroup network are encouraging banks that underwrite their debt offerings to allocate bonds to diverse-led firms and…

June 3, 2021

Working Together: Meaningful Relationships With Community Banks

NeuGroup’s Diversity & Inclusion Working Group meets with leading MDIs/CDFIs to identify ideal collaborations.Just over a year ago, the death of George Floyd led to a widespread cultural reckoning, with many companies pledging millions toward social justice initiatives. Some corporate treasurers are now viewing so-called impact investing as a part of regular, day-to-day activity. At a Q&A session with executives from five leading minority depository institutions (MDIs) and community development financial institution (CDFIs), NeuGroup’s Diversity and Inclusion Working Group shared…

May 27, 2021

Putting Money Where Your Mouth Is: Diversity Scores for Bank Groups

One treasury team factors the diversity of its bank coverage teams into share-of-wallet decisions.As corporations articulate diversity and inclusion (D&I) goals more publicly, treasurers are setting out to live up to D&I values on their own teams and apply them to their banking relationships as well. At a recent meeting of NeuGroup for Tech Treasurers, one member said his team surveys its banks on the diversity of its coverage teams, resulting in a score that treasury takes into account for…

D&I ESG

May 20, 2021

On the Horizon: ‘Much Better Data and Analytics To Do ESG Scoring’

BlackRock CEO Larry Fink shared insights on ESG, D&I and American capitalism with NeuGroup members and guests. BlackRock CEO Larry Fink recently addressed treasurers attending a special session moderated by NeuGroup CEO Joseph Neu that touched on topics including ESG, diversity and inclusion, corporate purpose and American-style capitalism. Among many highlights, Mr. Fink said he is actively urging world leaders to agree on a common set of metrics to judge progress on climate change. “We need every country to come…

Capital Markets D&I

April 29, 2021

Gaining Ground on the Road to Diversity in Capital Markets Deals

NeuGroup members discuss details of including firms owned by minorities and women in debt and other transactions.Talk about timing. Members of NeuGroup for Capital Markets discussed diversity and inclusion (D&I) in capital markets transactions on the same day 11 firms owned by women, minorities and veterans joined Deutsche Bank Securities in closing a $750 million bond underwriting for the bank. The role of the 11 firms—which received about 60% of the fees—underscores the momentum of the movement among banks and corporates to…

March 30, 2021

Beyond Deposits: An FDIC Fund Aims to Boost Equity Capital at MDIs, CDFIs

Mission-Driven Bank Fund will offer corporates a way to infuse equity capital in banks serving minority communities. Corporations looking to make impactful investments in minority communities, but not through bank deposits, may want to consider a new partner: the Federal Deposit Insurance Corporation (FDIC)—the federal agency that insures deposits. Representatives from the FDIC and a large asset manager that is acting in an advisory role described what’s being called the Mission-Driven Bank Fund (MDBF) at a recent meeting of NeuGroup’s…