Contact Information: Media Contact: Chrystie Heimert Seventh Generation 802-658-3773 x620 www.seventhgeneration.com
Seventh Generation Announces Winner of Spheres of Influence Contest
YouthBank Poised to Make Real Social and Economic Change
| Source: Seventh Generation
BURLINGTON, VT--(Marketwire - March 24, 2009) - Seventh Generation is announcing YouthBank, a micro business incubator
for street youth in the world's megacities, as the grand prize winner of
the company's Spheres of Influence Contest. Seventh Generation is the
nation's top provider of environmentally preferable non-toxic household products
and a pioneer in the corporate
responsibility movement.
The contest asked businesses, organizations, and individuals to submit an
entry that communicates the one idea in the company's 2007 Corporate
Responsibility Report that inspired them the most. In her entry Neha
Kenani, a YouthBank team member, wrote "Reading this [Seventh Generation's
Corporate Consciousness Report] made me realize that YouthBank can only
truly have an impact by building our purpose and values into the very
backbone of our business model. We took time to talk about our
organization's essence and realized that our values are all about
inspiration, mentorship, and, most of all: community. We shouldn't just
incubate, but regenerate. We hope our venture can be as successful as
Seventh Generation has been in living its values."
YouthBank is a small business incubator program designed to connect street
youth in the urban developing world with the skills, mentors, and resources
they need to launch their own community businesses and pull themselves out
of poverty. Successful entrepreneurs repay their in-kind loans and commit
to hiring and investing in other YouthBank graduates. Built on the
principles of microfinance, venture capital and community development,
YouthBank is financially sustainable, scalable, and impactful for its young
entrepreneurs and their communities.
"We felt the mission of YouthBank is aligned with our own directive of
creating equity and justice in the world through socially responsible business
and education," said Gregor Barnum, Seventh Generation's Director of
Corporate Consciousness. "YouthBank is an incredible venture that will
easily begin to change many lives while impacting the overall world
economic shifts. We feel honored to recognize YouthBank with the Spheres of
Influence award."
As the grand prize winner in the contest, YouthBank will receive a $5,000
grant to help carry out its mission. Seventh Generation partnered with
JustMeans, a social networking community dedicated to social responsibility
on the individual and corporate level, to implement the Spheres of
Influence contest. Contest entries were judged by a panel of Seventh
Generation employees and YouthBank was unanimously chosen as the winner of
the contest.
About Seventh Generation
Seventh Generation is committed to being the most trusted brand of
household and personal-care products for your living home. Our products are
healthy and safe for the air, the surfaces, the fabrics, the pets, and the
people within your home -- and for the community and environment outside of
it. Seventh Generation also offers products for baby that are safe for your
children and the planet.
For information on Seventh Generation cleaning, paper, baby and feminine
personal care products, to find store locations, and explore the company's
website visit www.seventhgeneration.com. To read more about Seventh
Generation's corporate responsibility, visit the Corporate Consciousness
Report at: www.seventhgeneration.com/corporate-responsibility/2007.