At Swell, the social impact that our holdings make is just as important as their financial performance. In the same way that we make it a priority to share our portfolios’ financial performances, we also like to share the steps our holdings are taking to make the world around them a better place.
Like all forces for change, the work doesn’t happen one time or overnight. It’s a series of small steps and achievements. Here are some of the recent highlights in our holdings’ exciting work for social change:
What is Ecolab?
Ecolab works to support the food service industry as a global provider of water, hygienic solutions, and energy technology.
We love to see when our holdings are given props for their work towards sustainability. This month, Ecolab was named to the Dow Jones Sustainability Index, a key reference point for sustainability and impact investing. This marks the fourth year in a row that Ecolab has made the list!
What is Applied Materials?
Applied Materials develops, manufactures, and sells parts for the semiconductor industry.
As a technology company, Applies Materials understands that sometimes the key to education is the ability to see something up close so that you have a concrete understanding of what it is and how it works. Over the past academic year, they hosted more than 300 students for tours of their facilities. This summer they hosted 30 Bay-area high school juniors and seniors for internships, and they also work with nonprofits to create custom activities for the school groups that visit. Through their robust investment in these students, Applied Materials is building a brighter future for STEM.
What is AbbVie?
AbbVie is a pharmaceutical company that produces pharmaceutical drugs in areas like immunology, chronic kidney disease, hepatitis C, women’s health, oncology, and neuroscience.
Last week AbbVie announced that they put their money where their mouth is with a $5 million donation. The money was given to an organization called Family Reach in order to help relieve the financial burden for kids battling cancer and their families. AbbVie understands the importance of stepping in and helping to change what you can in order to support those in need.
For more news about the work each of our holdings is doing, check back soon. There’s always something new to celebrate!