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Earthecho International CEO Philippe Cousteau Jr. on making the company's first charitable commitment.
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We'll sustainable investment fund the global -- ETF -- joining forces with the Clinton Global Initiative on the fund's first.
Philanthropic commitment -- -- cent Gainer global -- co-founder and earth like -- international CEO is back.
They believe we have and we've been on this journey with eBay you have he doesn't supporters and then covering this from the very beginning the pulpit lot we can say the fund is up 5% since she'd be -- mail on Jessica gradually relaxing here yes we're very excited about that on Sunday you were -- President Clinton and you made -- huge announcement that you're making your first charitable commitments tells about -- Well if you remember the -- the fund was designed to -- ETF but stable mandate that.
Hopefully would be successful and it has been.
We're percentage of the management fee goes and a terrible foundation -- idea how -- we levered Wall Street to do good change the world and we -- projects supporting.
Health care initiatives the -- hospital in Congo and we're very very excited.
So you're gonna be building -- your your funding and solar panel construction on top of this hospital and again this is part of that it's the management fees.
From the fund.
And from -- are going in to spend so -- really this is kind of really where you wanna take the -- I mean this is the first step for you and many like projects you wanna do not just with.
President Clinton but -- with other dignitaries.
Absolutely united in my life in conservation and in -- issues all of all my professional career it's just look at how we use Wall Street to to effect -- -- issues positively.
In this hospital in Congo's world renounced his treatment of women it's survivors of sexual violence -- -- provided health care for thousands and thousands of people that that are desperate need of it.
And shall be building solar panels there to give them free -- renewable reliable energy for this this place.
So this is adding to other things that you're Ginnie Mae bought out about the foundation in your you've got your traveling around world -- doing all these documentaries and shows for other networks are not gonna names.
That's so you really don't have they're really pushing the funny -- that this -- your first time in finance and how did as a bargain according learned.
Well you know it's.
It's one of things I'm most excited about because.
It's totally different.
And if we look at the amount Philanthropic dollars out there every year have been roughly flat and actually declined element of last -- does the financial crisis.
I believe that the opportunity to tap into financial -- be able to -- tell somebody don't give me money and change the world make money.
I didn't change the world -- what are you buying and selling shares you walking around saying hey I don't my advice would certainly recommend it didn't exactly advise us than divides and shares were.
I certainly bought it and I'm I'm certainly happy with the results it's performed beautifully exactly how explosive and we're.
You were -- Morgan Stanley's platform now we're very excited about them embracing this.
Lots of other groups shortage of -- due diligence on the platform so.
It's been very successful -- -- right just.
-- your son and you're also about you have to go the jet to got to -- former vice president Al Gore central -- Fully in the very boring life profit time this is no fun never talked in well it's always listen to him -- -- -- gradually as the the bundling because of thinking agreements with -- -- -- excuse me alright Dennis severed.
