JUST Capital

31 Pages Posted: 11 Feb 2019

See all articles by Pedro Matos

Pedro Matos

University of Virginia - Darden School of Business

Mary Margaret Frank

University of Virginia - Darden School of Business

Aaron Fernstrom

University of Virginia - Darden School of Business

Abstract

The case examines the development and launch of an exchange-traded fund (ETF) based on JUST Capital's socially responsible corporate ranking methodologies. The case provides a market overview of Environment, Social, and Corporate Governance (ESG) and socially responsible investing (SRI), what has driven growth in those areas worldwide, and several best-practice investment approaches. Following the overview, the case describes the founding and development of JUST Capital, explores JUST Capital's ranking methodologies, and presents the decision point faced by the CEO: requisite selection of one of three strategies in order for JUST Capital to generate "self-sustaining" revenue.

Excerpt

UVA-F-1844

Feb. 4, 2019

JUST Capital

The truth is we need a more just marketplace if we are going to solve major social, environmental [and] health challenges. We believe in capitalism, and we think that businesses can and should be a force for good.

—Martin Whittaker, CEO, JUST Capital

In December 2017, the cover of Forbes magazine announced a list of “America's Top Corporate Citizens” (Exhibit 1). This list of companies, referred to as “the JUST 100,” was created by JUST Capital, a tax-exempt organization founded with the mission of building a more just marketplace. The JUST 100 was a list of public companies said to reflect the corporate attributes that Americans considered most just.

. . .

Keywords: asset management, socially responsible investing, ESG, SRI, impact investing, JUST Capital, Goldman Sachs, ETF, exchange-traded funds, index, passive

Suggested Citation

Matos, Pedro and Frank, Mary Margaret and Fernstrom, Aaron, JUST Capital. Darden Case No. UVA-F-1844. Available at SSRN: https://ssrn.com/abstract=3331358

Pedro Matos (Contact Author)

University of Virginia - Darden School of Business

P.O. Box 6550
Charlottesville, VA 22906-6550
United States

Mary Margaret Frank

University of Virginia - Darden School of Business ( email )

P.O. Box 6550
Charlottesville, VA 22906-6550
United States
434-924-4432 (Phone)
434-243-5021 (Fax)

HOME PAGE: http://www.darden.virginia.edu/faculty/frank.htm

Aaron Fernstrom

University of Virginia - Darden School of Business

P.O. Box 6550
Charlottesville, VA 22906-6550
United States

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