abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

19 Oct 2001

Author:
Susan Wennemyr, SocialFunds.com

WRI [World Resource Institute] Recognizes Eco-Friendly Enterprises

New Ventures program aims to bring together socially responsible venture capitalists with environment-friendly businesses looking to expand. Three enterprises won a competition sponsored by World Resource Institute (WRI)’s New Ventures program at its 2001 Investment Forum in Angra dos Reos, Brazil October 4-5. The award recognizes profitability coupled with environmentally sound practices. Of the nine contenders this year, the three winners are: Vehizero, an urban delivery vehicle provider that brings low-cost, environment-friendly hybrid electricity vehicles to the Mexican market; Rainforest Expeditions, an ecotourism outfit that is expanding to build an eco-lodge in Peru’s Sacred Valley, promising conservation assistance and community development there; and GE Forestal, a Peruvian forestry company that brings certified lumber and wood products to the international market while also investing in innovative reforestation techniques.