Ceres and Trillium Announce Inaugural Joan Bavaria Awards
Honoring the founder of both organizations, Ceres and Trillium Asset Management Corporation have established an annual awards program named after socially responsible investment pioneer, Joan Bavaria. The inaugural Joan Bavaria Awards for Building Sustainability into the Capital Markets will be presented at the Ceres 2008 Conference to be held April 29-30, 2008 in Boston.
Nominations for the awards are now being accepted via the Ceres website. The deadline for submitting nominations is Feb. 29, 2008.
The awards celebrate Bavaria’s distinguished career and legacy in integrating social and environmental factors in decision-making by the capital markets. A champion of social investing and a leader in the sustainability movement, Bavaria founded the Social Investment Forum in 1981, Trillium Asset Management in 1982, and Ceres in 1989.
Two awards will be given each year. The Impact Award will go to an investor, company, or nonprofit group that has contributed a specific achievement resulting in lasting movement of the capital markets from a system focused on short-term profits toward one that balances financial prosperity with social and environmental health. The Innovation Award will go to an investor, company, or nonprofit group whose recent work has the distinct potential to be a catalyst for long-term change of the same kind.
The five judges who will select this year’s winners include experienced individuals in the forefront of the sustainability movement. The panel includes: Ray Anderson, chairman and founder of Interface, Inc., the world's top manufacturer of modular carpet and a leader on corporate sustainability; Denis Hayes, president of the Bullitt Foundation and organizer of the first Earth Day; Mindy S. Lubber, president of Ceres and director of the Investor Network on Climate Risk; Cheryl Smith, executive vice president of Trillium; and Ken Sylvester, assistant comptroller for pension policy of the New York City Comptroller’s Office which oversees $70 billion in retirement fund assets.
Now in its 25th year, Trillium Asset Management Corporation is the oldest and largest independent investment advisor focused exclusively on socially responsible investing. Trillium has $1 billion under management with offices in Boston, Durham, San Francisco, and Boise.
Ceres is a leading coalition of investors, environmental groups, and other public interest organizations working with companies to address sustainability challenges such as global climate change. Ceres also directs the Investor Network on Climate Risk, a network of over 60 institutional investors with collective assets totaling more than $4 trillion.