“We believe sustainable companies deliver significant positive financial performance in the long term,” Heske said.
One Newday holding is Marine Harvest, one of the largest seafood companies in the world, and a supplier of sustainably farmed salmon and seafood to more than 70 markets worldwide. "Marine Harvest is driving change in industry practices and developing technology that may ensure a sustainable supply of food for the future," Newday says on its website. The company has also undertaken products to reduce energy use and improve fish health.
“We are exceptional at identifying organizations like Marine Harvest that have undiscovered contingent assets on their balance statements,” Heske said.
In the next month, the firm will add what it calls “impact” banking to its platform using a community-development financial institution that will also adhere to ESG policies and practices, Heske said. The bank will eschew loans to offshore oil companies and weapons manufacturers and instead fund affordable housing, small businesses and economic development projects. Investors who bank with Newday will even get a bioplastic debit card.