This category includes articles about social entrepreneurs, typically about businesses with a for-profit model with a social mission embedded into the fabric of the business.
This category includes articles about social entrepreneurs, typically about businesses with a for-profit model with a social mission embedded into the fabric of the business.
Evening’s Honorees to Include Smashbox Co-Founder Davis Factor
Beverly Hills, CA (October 30, 2014) – Next month, ETTA will celebrate its 21st annual gala at The Beverly Hilton on Wednesday, November 12. Cocktail reception begins at 5:30 p.m., with dinner and awards starting at 6:30 p.m. ETTA is the only Los Angeles-based organization that provides a full spectrum of services for Jewish adults with special needs, and their families, and this annual gala helps provide resources for residential housing, skills training, job coaching, education programs and other critical services.
Hosted by TV personality Adrianna Costa, this year’s gala will honor several notables for their contributions to the community. Davis Factor, great-grandson of cosmetic legend Max Factor and co-founder of Smashbox Studios and Cosmetics, will receive the Visionary Award. Through his dedication to art and creative expression, Factor has become a leader in turning Los Angeles into an epicenter of photography. Since selling Smashbox to the Estée Lauder Companies, Factor has served as head of Global Creative for Smashbox Cosmetics. Spending his entire life in fashion and beauty, he is currently working on his first book with Fahey Klein that will capture his journey as a photographer, entrepreneur and creative pioneer. Also honored at the gala will be the ETTA Youth Board with the Hendeles Young Leadership Award as well as Angie and Moise Hendeles. The gala will also pay special tribute to Frances and Rabbi Hyman Agress.
Key elected officials that are expected to attend include Eric Bauman (LACDP/CDP), Richard Bloom (Assembly), Paul Koretz (LA City Council), Paul Krekorian (LA City Council), Jackie Lacey (District Attorney), John Perez (Assembly) and Bill Rosendahl (former LA City Council), among many others.
Sponsors for the 2014 gala include Smashbox Cosmetics, the indie-spirit beauty brand born out of Smashbox Studios in L.A., and Suja Juices, the nation’s leading organic, cold-pressed, cold-pressured, non-GMO juice brand.
“We are delighted and humbled to honor this group of very special individuals. We rely on dedicated members of our community to help us fulfill our mission to assist those with developmental disabilities and their families, and are grateful for their unwavering support,” said Dr. Michael Held, the Executive Director of ETTA. “I have a strong and personal commitment to the organization, and am very excited to see our philosophy of inclusion and empowerment grow by leaps and bounds.”
Since its inception 21 years ago, ETTA has served thousands of adults with disabilities and their families. Over the years ETTA has received major grants from individuals and institutions including Steve Tisch, Alec Gores, The Max Factor Family Foundation and The Jewish Federation, among others. ETTA currently operates Group Homes in the San Fernando Valley and also operates “Stevie T’s,” a semi-independent living home for adult women in west Los Angeles funded by Steve Tisch. Due to high demand, ETTA has set forth a “200 by 2020” plan that aims to provide residential and related services for 200 adults by the year 2020.
ETTA, founded in 1993 in Los Angeles, California, is the only organization in Los Angeles that provides a full spectrum of services for Jewish adults with special needs. ETTA serves people with developmental disabilities and their families, and is one of the premier providers of such services on the West Coast. ETTA provides a full spectrum of services including residential housing, case management, employment training and placement, educational services and social services. ETTA’s mission is to provide programs and services that enable people with special needs, and the families who love them, to live fully enriched and active lives as members of the Los Angeles community. We enable people with disabilities to achieve greater independence, autonomy and inclusion. We change mindsets, raise awareness, increase sensitivity and provide inspiration. We elevate lives and train leaders. We are a community of hope, warmth, support and expertise.
To purchase tickets or tables, please visit www.ETTA.org/support/gala-order.html. For more information please visit www.ETTA.org or follow on Twitter @ETTAOrg, Instagram @ETTA_org or visit Facebook.com/ETTAOrg. Event produced by Best Events.
Entrepreneurs will scale innovative ventures designed to tackle 21st century social challenges
WASHINGTON, D.C. – October 15, 2014 – The Halcyon Incubator, the nation’s premier incubator for supporting social ventures, today announced its second class of fellows. The class of entrepreneurs was selected based on their innovative approaches to solve some of the most pressing social issues.
The fellows will take part in a 14-month program designed by the S&R Foundation to springboard their ventures with access to rent-free housing and office space, mentors, complimentary strategic, legal and PR resources, as well as access to potential funders from a variety of sectors. The Halcyon Incubator does not take equity in the fellows’ ventures.
“The leaps and bounds already made by our first class in just two months raises the level of excitement and buzz at the Halcyon Incubator,” said Dr. Sachiko Kuno, CEO, S&R Foundation. “We can’t wait to see what innovation and enthusiasm the second class injects into the program.”
The second class of fellows and their ventures are as follows:
Stephen Moilanen – Solstice Initiative – Mr. Moilanen aims to partner with neighborhoods to fully leverage the power of community solar. Solstice Initiative will provide to individuals, who either rent homes or cannot afford solar arrays, the opportunity to access low cost solar power through its unique community hub model.
Brian Ferguson – Angel’s List – Mr. Ferguson’s goal is to ensure that former inmates maximize their chances of successfully reintegrating into society and reduce the likelihood of returning to prison. Angel’s List is an easy-to-use website that aggregates a myriad of organizations, job opportunities and reentry programs for former inmates returning to the general population.
Daniel Kuenzi and Eric Ellestad – Local Roots – Mr. Kuenzi and Mr. Ellestad address the systematic pain points in the produce industry that result in the spoilage of over 40 percent of all produce. Local Roots utilizes vertical growing, climate-controlled, farming environments uniquely housed in shipping containers that can be located in neighborhoods to ensure that all communities have access to locally grown produce.
Andrew Foote – Sanivation – Currently over 4,000 children in East Africa die daily from the effects of diarrhea and unsanitary conditions. With Sanivation, Mr. Foote addresses this issue by creating an enterprise model to bring affordable in-home toilets and sanitation services to East Africa.
David Dewane – Librii – Mr. Dewane’s venture will modernize the public library model and deliver it to Sub-Saharan Africa by implementing a series of low-cost libraries. Librii balances digital and physical offerings, and utilizes local partnerships to spread information, knowledge and culture in the region.
Mariama Kabia – Memunatu Magazine – Ms. Kabia wants to empower over 10 million teenage girls in West Africa by closing gender literacy gaps with a community-driven classroom magazine. Memunatu Magazine will specifically target girls through engaging educational content, and be distributed in secondary schools throughout the region.
Param Jaggi – Ecoviate – Mr. Jaggi encourages people and organizations to create a more sustainable planet by reducing fuel consumption and carbon emissions. Ecoviate builds innovative environmental technologies designed to reduce the amount of carbon in the air.
Amelia Friedman – Student Language Exchange – With only one percent of college students studying non-European languages, Ms. Friedman looks to increase cultural and linguistic awareness around underrepresented languages. The Student Language Exchange has created peer-to-peer programs in American universities to engage and encourage students through language learning.
Samuel Owen – Motion Sickness Canceling Headphones – Mr. Owen is attempting to mitigate the effects of motion sickness, which affects upwards of 40 percent of the population, by building innovative technologies using ultrasound waves.
Series Follows Three MBAxAmerica Teams as They Embark on Extraordinary Journeys
ATLANTA (October 28, 2014) – The iconic Holiday Inn® brand, part of InterContinental Hotels Group (IHG), and HLN (a Turner Broadcasting network), today announced the production of the six-episode original series, Growing America: A Journey to Success, premiering on Sunday, November 16th at 9:00 pm EST on HLN. Hosted by Ty Pennington, (known for Trading Spaces, Extreme Makeover: Home Edition, On The Menu), the documentary series follows teams of MBA students from the MBAs Across America (MBAxAmerica) program, who are given one week to use their expertise to transform businesses and positively affect communities in cities across the U.S.
“We were fortunate enough to work closely with Casey Gerald, co-founder and CEO of MBAxAmerica, this year as part of our Journey to Extraordinary campaign, and were in awe of the impact he and his MBAxAmerica teams are having on businesses and cities across the U.S. The entrepreneurial spirit and a focus on the communities in which our hotels do business is the foundation on which the Holiday Inn brand was built, so the relationship was a perfect fit,” said Maurice Cooper, vice president, Holiday Inn® brand, the Americas, IHG. “Together, we approached HLN to create a TV series that would further showcase on a national level the personal journeys of these MBA students and the entrepreneurs they are helping, and how the Holiday Inn brand has enabled them along the way – all while hopefully inspiring viewers on extraordinary journeys of their own.”
Over 50% of the working population in the U.S. is employed by a small business, making the success of entrepreneurs a vital part of the success of the American economy. Against this backdrop, the stakes are high as the MBAxAmerica teams are challenged each episode to leverage their education and expertise to help three entrepreneurs, who are about to get the opportunity of a lifetime, take risks and transform their business in just five days. From a Denver tech company seeking to revolutionize the nonprofit world and a barbershop striving to become a community centerpiece in Detroit to a family owned café in Little Rock aiming to become a leader in the local organic food movement – these small business are all on extraordinary journeys which the Holiday Inn brand is committed to enabling through Growing America: A Journey to Success.
“This collaboration speaks to the strength of both brands and how we connect with millions of Americans on a daily basis. This partnership also represents an important step forward for both HLN and the Holiday Inn brand in the way in which we now connect with our audiences – in person, on television and through digital channels,” said Katrina Cukaj, executive vice president, CNN/HLN Ad Sales.
Digital media will play a key role in Growing America: A Journey to Success. After each episode airs, viewers will be encouraged to visit HLNtv.com/GrowingAmerica to vote for the most inspirational small business of the television series, with the winner announced during the show finale, airing on Sunday, December 21st. The Holiday Inn brand and HLN also co-created a companion digital series, which will explore the challenges of small businesses in Boise, Idaho and Nashville, Tennessee. This series, along with profiles of the business owners and MBA teams, and tips for small business owners, will round out the content featured online. To join the conversation throughout the series and share their own extraordinary journeys, viewers can visit the Holiday Inn brand’s social channels including Twitter, Facebook, Instagram and YouTube; dedicated HLN social channels for Growing America: A Journey to Success including Twitter, Facebook, Instagram and YouTube; and are encouraged to use the hashtag #GrowingAmerica across all channels.
 Forbes.com, 16 Surprising Statistics About Small Businesses, 9 September 2013
WEST ORANGE, N.J.— (BUSINESS WIRE) — According to TeenBusiness.com, teen entrepreneurs and innovators are increasingly motivated by social concerns. This dramatically contradicts the stereotype of selfish youth.
“helping people is always something I wanted to do and with the fame that Freetoes has given me, I have had lots of opportunities to give. And Project Aftershock (a Haitian Relief charity) is one of them.”
“30 years ago, the primary motivation for teen-led businesses was often solely to make money. Now most of the teen entrepreneurs and inventors we encounter are also motivated by the desire to help solve societal problems, in their own way,” said Emmanuel Modu, co-author of TeenVestor: The Practical Investment Guide for Teens and Their Parents and The Lemonade Stand: A Guide To Encouraging The Entrepreneur In Your Child.
Theories abound about the reasons for the increased number of socially conscious teen entrepreneurs and innovators. Is it because the internet has made information about social issues more accessible? Is it due to the Great Recession of 2008, which may have negatively impacted young teens’ lives and spurred them to improve the lives of others? Regardless of the reason, the trend is real.
Here are a few examples of socially conscious young entrepreneurs and inventors recently featured by TeenBusiness.com – a news portal that reports on the activities of a diverse range of young entrepreneurs, investors, inventors, and other innovators around the world:
These teen entrepreneurs and innovators are not just giving lip-service to charitable commitments. Asked in an interview by Forbes contributor Devin Thorpe why she is so passionate about charitable giving, Katelyn Lohr said that “helping people is always something I wanted to do and with the fame that Freetoes has given me, I have had lots of opportunities to give. And Project Aftershock (a Haitian Relief charity) is one of them.”
For many of these teen entrepreneurs and innovators, the idea of making money and doing good can co-exist. As stated by Google Science Fair Prize winner, Émer Hickey, in a FastCompany interview about her group’s use of bacteria to increase crop yields, “We want to change the world. We want to commercialize this.”
TeenBusiness.com is the global resource for teen entrepreneurs, investors, and inventors. Formerly known as TeenVestor.com, it is the first platform dedicated to providing original – as well as curated – information for young, business-minded teens.
The first annual Good Food Org Guide identifies and celebrates more than four hundred U.S.-based groups including five from every State who are cultivating a better food system. Click HERE to download.
New York City, NY – The James Beard Foundation (www.jamesbeard.org) and Food Tank (www.FoodTank.com), along with a prestigious advisory group of food system experts, developed the first annual “Good Food Org Guide.” This definitive Guide highlights nonprofit organizations that are doing exemplary work in the United States in the areas of food and agriculture, nutrition and health, hunger and obesity, and food justice. Only nonprofit, scholarly, and municipal initiatives have been selected in order to spotlight efforts that are focused on community building and engagement, advocacy, and service.
The vision and objective of this annual publication is to focus attention on the dozens of nonprofit organizations (listed in alphabetical order, not ranked) who are working in fields, kitchens, classrooms, laboratories, businesses, town halls, and Congress to create a better food system. The list was determined by distinguished experts, including past recipients of the James Beard Leadership Award and food and agriculture leaders.
“We hope this guide will serve as a resource for chefs, farmers, students, advocates, and others to find the resources they need about the growing good food movement in the U.S.,” says Susan Ungaro, President of the James Beard Foundation.
This annual guide will be launched at the James Beard Food Conference on October 27th, 2014 as the definitive guide to organizations—national and state-by-state—who are making an impact with their work.
These groups include organizations who combat childhood obesity, malnourishment, and physical inactivity; prevent food waste; educate consumers on healthy, nutritious food choices; create networks of social entrepreneurs; protect food and restaurant workers; highlight solutions for restoring the health of people and the planet; work with indigenous communities to preserve traditions, culture, and biodiversity; inspire and educate individuals to cook more of their own food; and protect public health, human health, and the environment.
“Food Tank is delighted to collaborate on this effort with the James Beard Foundation—we’re thrilled to highlight so many great organizations who are working to educate, inspire, and cultivate a better food system,” says Danielle Nierenberg, President of Food Tank.
ABOUT FOOD TANK
Food Tank (www.FoodTank.com) is a think tank focused on feeding the world better. We research and highlight environmentally, socially, and economically sustainable ways of alleviating hunger, obesity, and poverty and create networks of people, organizations, and content to push for food system change.
ABOUT JAMES BEARD FOUNDATION
Founded in 1986, the James Beard Foundation (JBF) celebrates, nurtures, and honors America’s diverse culinary heritage through programs that educate and inspire. A cookbook author and teacher with an encyclopedic knowledge about food, James Beard, who died in 1985, was a champion of American cuisine. He helped educate and mentor generations of professional chefs and food enthusiasts, instilling in them the value of wholesome, healthful, and delicious food. Today JBF continues in the same spirit by administering a number of diverse programs that include educational initiatives, food industry awards, scholarships for culinary students, publications, chef advocacy training, and thought-leader convening. The Foundation also maintains the historic James Beard House in New York City’s Greenwich Village as a “performance space” for visiting chefs. In September of 2012, JBF launched the Diplomatic Culinary Partnership with the U.S. Department of State’s Office of Protocol and helped create the American Chef Corps as a way to champion American chefs abroad, promote American food products, and foster an interest in American culinary culture and history through international programs and initiatives. One such project is the next world’s fair, Expo Milano 2015, for which the James Beard Foundation is co-leading the effort for the State Department to design and produce the USA Pavilion, a global gathering of 147 countries addressing the challenges of how we will feed ourselves in the future. The pavilion, whose theme will be “American Food 2.0: United to Feed the Planet,” will showcase America’s contributions to global food security and gastronomy. For more information, please visit jamesbeard.org. Find insights on food at the James Beard Foundation’s blog Delights & Prejudices. Join the James Beard Foundation on Facebook. Follow the James Beard Foundation on Twitter and Instagram.
“The Happiness Project” author to headline Nov. 14 Orlando conference
OCTOBER 22, 2014 – The second annual Ignite: Cause Innovation Conference to be held in Orlando, Fla., on Nov. 14, is nearly sold out. Nonprofit leaders are set to take charge of the future of their organizations at this conference sponsored and powered by Children’s Miracle Network Hospitals.
Among this year’s renowned speakers is Gretchen Rubin, author of “The Happiness Project,” a New York Times and international bestselling book about the year she spent test-driving common beliefs handed down from previous generations, current scientific studies on happiness and lessons from popular culture on how to be happier. Register by Oct. 31 to receive a free copy of the book.
The full title of Rubin’s book, “The Happiness Project: Or, Why I Spent a Year Trying to Sing in the Morning, Clean My Closets, Fight Right, Read Aristotle, and Generally Have More Fun,” reflects the mindset of her blog. Her work spun into a movement with Happiness Project groups around the world and rights to the project sold in more than 35 territories.
Recent additions to the conference’s speaker lineup include Mike Del Ponte, co-founder and CEO of Soma, maker of sustainable water filters. He is a product innovation and social entrepreneurship expert. Del Ponte is known for his leadership in the area of work and life balance and his capability as a millennial generation rising star.
Also on the docket is Tiffany Persons, expert in microfinance, development and fundraising, and previously named a United Nations Woman of the World. She founded and directs the not-for-profit organization, Shine on Sierra Leone. Through her work over the last six years, 6,000 women’s small businesses have been financed with a 97 percent successful return, 12,000 individuals have become computer literate, more than 600 elementary students have been educated and three community buildings were constructed.
To learn more about the Ignite: Cause Innovation Conference, visit www.ignitecic.org
Ignite: Cause Innovation Conference location and registration:
When: Friday, Nov. 14, 2014
Where: Walt Disney World Orlando
Disney’s Coronado Springs Resort
1000 West Buena Vista Drive
Lake Buena Vista, FL 32830-8403
Note: After Oct. 24, the online registration page will refer new registrations to 1-800-475-3695 to sign up for the conference. The conference is presented and powered by Children’s Miracle Network Hospitals.
Applications to compete in the world’s largest student competition are now open.
Boston, October 20, 2014 – The Hult Prize Foundation announced today that President Bill Clinton has selected Early Childhood Education as the topic for the sixth annual Hult Prize. Student teams from over 600 universities and representing 150 countries will compete to develop innovative start-ups which seek to reimagine education, in order to reach ten million children, aged 0-6 over the next five years who reside in urban slums and beyond. The winner will be awarded one million dollars in seed capital, along with resources to scale worldwide.
Since its inception in 2009, the Hult Prize has launched some of the most disruptive start-ups in the social enterprise sector including India’s largest loyalty and rewards program targeting the urban poor (m.Paani), the largest solar light distributor in Africa (SunnyMoney) and the fastest growing company in the insect agriculture sector (Aspire Food Group), a start-up that the UN called, “a company whose time has come and has a chance to eliminate poverty.”
Last month at the 10th annual Clinton Global Initiative meeting in New York, President Bill Clinton named NanoHealth, a team from the Indian School of Business, as the 2014 Hult Prize winning start- up.
NanoHealth was selected and announced by a live judging committee comprised of President Bill Clinton, Muhammad Yunus (Nobel laureate), Dr. Sanjay Gupta (CNN), Fadi Ghandour (Aramex), Ashish Thakkar (Mara Group) and Kathleen Rogers (Earth Day) . Working towards solving the challenge of the proliferation of non-communicable diseases in urban slums, NanoHealth created a mobile technology which reduces diagnostics costs by nearly 100x. The start-up has paired their door- to-door diagnostics capabilities with a US$4 per month micro-insurance program, creating India’s largest slum-based EMR system and disease landscape map.
President Bill Clinton, who has supported the Hult Prize since inception in 2009, has described the Hult Prize in TIME Magazine as, “one of the top 5 ideas that are changing the world.” He has gone onto say, “I love the Hult Prize, because it is a wonderful example of the creative cooperation needed to build a world with shared opportunity, shared responsibility, and shared prosperity, and each year I look forward to seeing the many outstanding ideas the competition produces.”
Founded only five years ago by Hult International Business School alumnus Ahmad Ashkar, the Hult Prize Foundation has fast tracked its way to the top, as the largest millennial movement for social impact in the world. The competition for the Hult Prize is the world’s largest international student competition with events hosted in over 100 cities globally each year. Regional Finals take place in Boston, San Francisco, London, Dubai, Shanghai and on-line, with a final USD1 million round held in New York City, hosted by President Bill Clinton at the Clinton Global Initiative annual meeting.
“We are mobilizing thousands of young entrepreneurs who are collectively spending over 2 million man hours each year on solving the world’s most pressing issues through a business lens. Endorsements from partners like Clinton, Yunus and H.E. Sh. Nahyan have really cemented our seat at the international social entrepreneurship table and we are pleased to be disrupting the sector. Our global reach is unmatched with hundreds of established university chapters and access to nearly every college student and idea on the planet,” says Ahmad Ashkar, CEO of Hult Prize.
About Hult Prize Foundation
The Hult Prize Foundation is the world’s largest start-up accelerator for social entrepreneurship and millennial movement for social impact. Founded in 2009 by Hult International Business School alumnus Ahmad Ashkar, the Hult Prize is the world’s largest student competition and the planet’s largest crowd-sourcing platform for social good. Events are hosted in over 100 cities around the world each year, with regional finals taking place in Boston, San Francisco, London, Dubai, Shanghai and on-line. The final round takes place at the Clinton Global Initiative Annual Meeting in New York City, hosted by President Bill Clinton.
The mission of the Hult Prize Foundation is to mobilize and empower the next generation of social entrepreneurs. The Hult Prize has been funded and supported by the Hult family since its inception in 2009 and sponsored by the Hult International Business School and run in partnership with the Clinton Global Initiative. For more information, please visit www.hultprize.org.
About The Clinton Global Initiative
Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI) is an initiative of Bill, Hillary & Chelsea Clinton Foundation that convenes global leaders to create and implement innovative solutions to the world’s most pressing challenges. CGI Annual Meetings have brought together more than 150 heads of state, 20 Nobel Prize laureates, and hundreds of leading CEOs, heads of foundations and NGOs, major philanthropists, and members of the media. To date, CGI members have made more than 2,500 commitments, which are already improving the lives of more than 430 million people in over 180 countries. When fully funded and implemented, these commitments will be valued at $87.9 billion.
NEW YORK, N.Y. (October 23, 2014) –The Gentlemen’s Fund and GQ vice president and publisher Howard Mittman celebrated the seventh annual Gentlemen’s Ball. The event honored five modern gentlemen who champion some of today’s most essential causes:
The men received Ambassador Awards presented by Nautica at this year’s Ball, which took place on Wednesday, October 22, at the IAC HQ, hosted by Andy Cohen.
The evening’s Leader Awards, presented by Movado, recognized social entrepreneur Sean D. Carasso, founder of Falling Whistles, an organization that sells whistles to raise money for education, advocacy, and the rehabilitation of war-affected people in Congo; F.K. Day, founder and president of World Bicycle Relief, which distributes bicycles and simultaneously supports community health care, education, and local economies; Nick Ehrmann, founder and CEO of Blue Engine, an organization dedicated to improving the odds of college completion for students from low-income families; Stephen Powell, executive director of MentoringUSA, whose passion for mentoring and community has expanded technical assistance efforts across the nation; and Barrett Ward, founder and CEO of fashionABLE, a company that creates sustainable business opportunities in Africa, with a focus on women and women-run businesses.
The Leader Awards recipients were chosen by GQ’s advisory panel: Jenna Bush Hager, contributing correspondent of NBC’s TODAY and chair of UNICEF Next Generation; Scott Harrison, founder and CEO of charity: water; Blake Mycoskie, founder and chief shoe giver TOMS; Paul Rieckhoff, founder and CEO of Iraq and Afghanistan Veterans of America; and Darnell Strom, executive of CAA Foundation.
Funds raised by the 2014 Gentlemen’s Ball will benefit Worldwide Orphans, Youth Mentoring Connection, Oceana, African Children’s Choir, The Trevor Project, and Lopez Foundation.
Additional guests at the Gentlemen’s Ball included: actors Terry Crews, David Zayas, musician Wynton Marsalis, and model Alex Minsky.
HOUSE PHOTOS ARE AVAILABLE HERE:
A HIGHLIGHT EPK IS AVAILABLE HERE: http://pigeon.to/1wcNXS3
About The Gentlemen’s Fund:
Established by GQ in 2007, The Gentlemen’s Fund raises awareness for issues essential to modern men, encouraging them to become agents of change by supporting charities that champion causes important to them.
WASHINGTON, Sept. 18, 2014 /PRNewswire/ — The Global Alliance for Clean Cookstoves announced today that it will host the first ministerial- and CEO-level Cookstoves Future Summit: Fueling Markets, Catalyzing Action, Changing Lives in New York City, November 20-21, 2014. The Summit marks an important opportunity in the Alliance’s efforts to prevent the more than 4 million deaths that occur every year from household air pollution caused by smoke from the use of open fires and traditional cookstoves. It is a critical time to investment in market-based solutions to increase the adoption of clean cookstoves and fuels to save lives, improve livelihoods, empower women, and protect the environment.
The Summit will be co-chaired by the Honorary Chair of the Alliance Leadership Council and former U.S. Secretary of State Hillary Rodham Clinton, British Parliamentary Under-Secretary of State Lynne Featherstone, Norwegian Foreign Minister Børge Brende, Ghanaian Foreign Minister Hanna Tetteh and USAID Administrator Raj Shah. As part of this unprecedented private-public partnership, national governments, global corporations, United Nations agencies, NGOs, foundations, investors, entrepreneurs, researchers, and others will mobilize to accelerate market growth for the wide-scale adoption of clean cooking solutions.
“We need to keep the Alliance going and growing,” said former Secretary Clinton. “Find more partners; expand the market; put more stoves in the hands of consumers; save more lives. That’s what the Global Alliance for Clean Cookstoves is all about, and that’s why I will continue to be an enthusiastic supporter and partner.”
At the Summit, the Alliance will transition from successfully establishing global and in-country markets in Phase 1, to driving investment and innovation to rapidly scale market-based solutions. It will seek to secure grant, investment and in-kind commitments of approximately $500 million to meet the needs of the Alliance and the broader clean cooking sector during the second phase.
Cooking smoke is a silent killer. It is the fourth worst risk factor for disease in developing countries, particularly among women and young children who spend much of their time near open fires or traditional cookstoves. What’s more, this type of cooking greatly damages the environment, emitting carbon dioxide and other pollutants at levels up to 100 times higher than the recommended limits set by the World Health Organization. Today, clean cooking technologies and fuels exist to solve this problem, but access to clean and affordable solutions remains limited, especially in the most vulnerable communities. Launched in 2010, the Alliance has made substantial progress toward its goal of 100 million households adopting clean cooking solutions by 2020.
“During our first four years, the Alliance has enabled over 20 million households to adopt cleaner and more efficient cookstoves, while leveraging significant grant and investment resources and partnerships for the sector at large,” said Radha Muthiah, executive director for the Alliance. “We are on target to reach our goal of 100 million households adopting clean cooking solutions by 2020. Now is the time for a strong renewed commitment of political and financial will and resources from the global community to scale the adoption of clean, safe, and efficient household cooking solutions.”
During the Cookstoves Future Summit, the Alliance, in concert with its 1,000 partners, will seek to secure financial and in-kind commitments to invest in the clean cookstoves and fuels market and bring them to scale. Participants will commit to concrete financial, policy, and programmatic actions to grow the clean cooking sector. Additionally, the Alliance will release the strategic roadmap for Phase 2 of the Initiative.
The one and a half day Summit will include an exhibit area for participants to view clean cookstoves and fuels, and learn more about clean cooking technologies.
For more information on the Cookstoves Future Summit, visit the Global Alliance for Clean Cookstoves website: www.cleancookstoves.org.
About the Global Alliance for Clean Cookstoves:
The Global Alliance for Clean Cookstoves is a public-private partnership hosted by the United Nations Foundation to save lives, improve livelihoods, empower women, and protect the environment by creating a thriving global market for clean and efficient household cooking solutions. The Alliance’s 100 by ‘20 goal calls for 100 million households to adopt clean and efficient cookstoves and fuels by 2020. The Alliance is working with its public, private and non-profit partners to help overcome the market barriers that currently impede the production, deployment, and use of clean cookstoves in developing countries. For more information, please visit www.cleancookstoves.org.
SOURCE Global Alliance for Clean Cookstoves
Program Provides USD 2 Million in Low-Interest Loans
Deutsche Bank today announced the formation of the Community Development Financial Institutions (CDFI) New Partners Program, through the Deutsche Bank Americas Foundation (DBAF) and the Bank’s Community Development Finance Group (CDFG). The Program will deploy the Bank’s philanthropic resources for community development through high-performing nonprofit CDFIs in Appalachia, Maine, Puerto Rico, Texas, Virginia, and Wisconsin.
According to the Association of Neighborhood & Housing Development, the 22 largest banks in 2010 deployed approximately USD 8 billion in CRA-motivated loans and investments in New York City. This concentration of CRA resources stands in contrast to other parts of the United States that have seen a decline in local financial services and deposits due to consolidation in the financial services industry. There has been an increasingly uneven distribution of CRA investment between U.S. regions that domicile banks and areas where local savings and loans and thrifts are fighting to maintain market share.
“Supporting and financing underserved communities across the United States is a key initiative for us, and we’re proud of our work with the local CDFIs to achieve effective economic impact,” said Jacques Brand, CEO of Deutsche Bank North America, and Chairman of the Deutsche Bank Americas Foundation.
The CDFI New Partners Program has already deployed USD 2 million in low-interest loans to six organizations, including:
Over the past 10 years, Deutsche Bank’s CDFG has deployed USD 1.4 billion of loans and investments in the U.S. Find out more about the CDFG here: https://www.db.com/usa/content/en/1078.html