Goldman Sachs Tests Social Investment; Alcoa Earns "Good Neighbor" Award; Whole Foods & Be Green Packaging Help Microfinance in Brazil - CSR Minute for August 14, 2012
The CSR Minute is your daily video digest of the most relevant Corporate Social Responsibility news of the day. Our team of 3BL Media correspondents tracks the global world of corporate social responsibility to bring you coverage of the most important announcements, initiatives, issues, trends, ideas, and breaking news.
New York City will test social impact bond investing with Goldman Sachs. The financial services firm will invest $10 million dollars in a jails program, using the innovative financial instrument in which private investments fund public social services. The initiative is aimed at reducing juvenile offender recidivism in city lockups.
Alcoa’s Sandow Mine has earned the “Good Neighbor Award” in the 2012 Excellence in Surface Coal Mining Awards from the Office of Surface Mining Reclamation and Enforcement. Alcoa was noted for working with the nearby Rockdale, Texas community while conducting exemplary mining and reclamation at its operations site.
The Whole Planet Foundation, a nonprofit founded by Whole Foods, and Be Green Packaging have met with microfinance NGOS in Brazil to review the impact of the foundation’s $135 million dollars in microfinance loans. Be Green Packaging, a long-time supplier to Whole Foods, is a founding member of the Whole Planet Foundation’s “Change for Change” fund.
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