WRI [World Resource Institute] Recognizes Eco-Friendly Enterprises
Author: Susan Wennemyr, SocialFunds.com, Published on: 19 October 2001
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.