Impact Stories for March 2022

When you look at your monthly statements, I realize your primary question is this: how have your investments done? This is definitely appropriate. But what if you could have both a good return on your investment and at the same time invest in companies that make a difference? You can! Here are the latest stories about how your investments are having a positive impact:

Mercado Libre, an e-commerce company based in Argentina, offers innovative payment services for the underbanked. Its e-wallet payment service targets people who have been historically excluded by financial institutions. Mercato Pago allows users to process online payments, send and receive money, and is available in Argentina, Chile, Brazil, Colombia, Mexico, Peru, Venezuela, and Uruguay. The company offers several services, including point-of-sales solutions to process debit and credit cards to small and medium enterprises.

Tesla builds all-electric vehicles and scalable clean energy generation and storage products to fulfill its mission to “accelerate the world’s transition to sustainable energy.” Tesla estimates that its fleet of all-electric vehicles have saved more than 4 million metric tons of CO2, and that its solar products have generated more than 13 Terawatt hours (TWhs) of 100% clean energy across the globe, the equivalent of the annual residential electricity consumption of the entire state of Connecticut.

Xylem is a global water technology company with projects designed to help improve water accessibility, water affordability, and water systems resilience. Some of these projects include solutions that advance sustainable water and wastewater management, including communities’ resiliency against the impacts of climate change.