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 Johnson Controls?
Johnson Controls is a building company focused on creating “intelligent buildings, efficient energy solutions, integrated infrastructure, and next-generation transportation systems.” In other words, they’re taking care of building our future and making sure it’s one we want to live in.
Johnson Controls took part in the “Smart and Safe Cities Conclave” to address the demands of rapidly growing urbanism in India. The event featured panel discussions and a variety of speakers who were there to address ways in which they could make Indian cities smart and also safe, bringing a holistic approach to urban development.
What is Intuit?
Intuit is a software company that makes financial, accounting, and tax preparation software. They’re responsible for products like QuickBooks, TurboTax, and Mint.
Intuit has added a new feature to Mint that will help to educate and inform users about their investing potential. Mint is a personal finance tool that allows users to see all of their bills together in one place and set budgets. Intuit noticed that the average Mint user has $17,000 they could be investing, but are not. In response, they have created a feature called MintSights that helps direct users towards investments and strategies, in the same style as a financial advisor. The aim is to encourage users to start investing so that they can reap the financial benefits.
What is Eli Lilly?
Eli Lilly is a pharmaceutical company based in Indiana. In addition to being the first company to mass-produce the polio vaccine, Eli Lilly was also one of the first to produce insulin.
Eli Lilly is working to make insulin accessible to individuals who haven’t been able to afford it. The company has launched the Lilly Diabetes Solution Center, a hotline with the specific aim of helping to reduce the costs of insulin for the uninsured, people who pay near list price because they’re in the deductible phase of their high deductible insurance, and low-income patients.
For more news about the work each of our holdings is doing, check back soon. There’s always something new to celebrate!