Ceres Receives Prestigious Skoll Award for Social Entrepreneurship
BOSTON - Ceres was among 16 recipients of the prestigious 2006 Skoll Awards for Social Entrepreneurship. Skoll Foundation Chairman Jeff Skoll presented the award last month to Ceres President Mindy S. Lubber at the third annual Skoll World Forum on Social Entrepreneurship at the University of Oxford in England.
The Skoll Awards for Social Entrepreneurship honor and provide support for established organizations led by social entrepreneurs who are applying innovative and effective approaches to resolve critical social issues around the world. Ceres received the award for its work advancing corporate environmental and social responsibility through a growing network of major institutional investors. Ceres will receive $525,000 over three years to persuade more U.S. companies to disclose social and environmental impacts, and to address the risks of climate change.
This award is designed to advance solutions to critical social challenges of our time, and recognize programs effecting positive and measurable change in six issue categories: tolerance and human rights, health, environmental sustainability, economic and social equity, institutional responsibility, and peace and security. Each year's recipients are identified through an open competitive process that honors social entrepreneurs whose work has already demonstrably improved the lives and circumstances of marginalized, disadvantaged or disenfranchised populations throughout the world.
Ceres strategy has been to engage influential institutional investors around the issue of climate change - including both the risks to long-term value and the business opportunities emerging from efforts to mitigate global warming. Many of these investors, including some of the largest public pension funds in the U.S., are now considering climate risk as part of their fiduciary duty. Ceres has also been successful in coordinating these investors to engage with companies through proxy voting and in direct negotiations to demand better disclosure and risk reduction strategies
"As we have done in preceding years, we've cast our net across the globe to find the world's most effective social entrepreneurs," said Sally Osberg, President and CEO of the Skoll Foundation. "Each organization in our portfolio of Skoll Awards for Social Entrepreneurship is tackling a complex social problem in order to promote healthy, sustainable communities. Ceres is no exception. Together with our other social entrepreneurs, Ceres represents an incredibly powerful force for systemic social change."
"Ceres is honored to receive this prestigious award and looks forward to working with the Skoll Foundation to take our climate change work to a higher level," said Mindy S. Lubber, president at Ceres and director of the Investor Network on Climate Risk, comprised of 50 institutional investors that manage nearly $3 trillion in assets. "By engaging with more investors and more companies on the risks and opportunities they face from climate change, we intend to catapult this country forward in tackling this enormous global challenge."
About the Skoll Foundation
Headquartered in California's Silicon Valley, the Skoll Foundation was created by eBay's first president, Jeff Skoll, to promote his vision for a more peaceful and prosperous world. Today the Skoll Foundation advances systemic change to benefit communities around the world by investing in, connecting and celebrating social entrepreneurs-individuals dedicated to pioneering new solutions that result in lasting improvements to complex social problems.
Ceres is a national coalition of investors, environmental groups and other public interest organizations working with companies to address sustainability challenges such as global climate change. Ceres directs the Investor Network on Climate Risk (INCR), a group of 50 institutional investors that collectively manage nearly $3 trillion in assets.