DSCC News

Rockefeller & Co. invests to save the seas

15 May 2015

Source: Barron's

Author: Stacey Perman

Rockefeller & Co., founded in 1882 as the family office of John D. Rockefeller, has for an entire generation quietly been at the forefront of what is now known as “sustainability and impact investing.” Back in the 1980s, the firm began investing in water-technology companies that addressed issues of pollution and the need for clean drinking water. And before that, in 1956, the family founded RockResorts, one of the first conservation-focused luxury-resort companies.

Nearly six decades later, in the competitive world of private banking and family offices, this patrician firm with $9.6 billion in assets under management and $33.5 billion under administration, unexpectedly finds itself carving out a niche by arguing that capital can create both financial returns and measurable positive social impact.

Rockefeller & Co.—the multifamily office, not to be confused with the family’s affiliated nonprofit, the Rockefeller Foundation—has an investment division engaged in environmental, sustainability, and corporate-governance issues. But more recently it has invested in the high seas.
“When we talk about sustainability,” says Mariela M. Vargova, Rockefeller’s senior sustainability analyst, “it is about seeking good companies, those with businesses that are innovative, have forward looking products, and that really represent solutions to existing environmental and social challenges.”

For more, go to: http://online.barrons.com/articles/rockefeller-co-invests-to-save-the-seas-1431741452