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Corporate Social Responsibility
News
12.01.2003 ET
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Mitsubishi International Corporation Foundation Announces $293,000 in Grant Awards
(CSRwire) NEW YORK, NY - The Mitsubishi International Corporation Foundation
today announced it has awarded $293,000 in grants to 12 organizations for
projects this upcoming year. The MIC Foundation seeks to promote
environmental causes in the broadest sense of the term, which encompasses
both the physical and social environments in which we live. In
furtherance of our mission, we support a wide range of environmental
programs that promote conservation, biodiversity, and protection of the
natural environment, with a special emphasis on environmental education
programs that target underprivileged youth, as well as programs that
promote poverty alleviation through microenterprise development and
stakeholder consultation as an effective process for safeguarding the
environment. The Foundation carries out its mission primarily by
supporting programs throughout the Americas.
The major 2003 grants approved include:
$500,000 commitment to the Wildlife Conservation Society (WCS) to
fund WCS's Riverwalk conservation project along the Bronx River next to
the Bronx Zoo.
$60,000 grant to Earth Pledge Foundation for its Waste = Fuel
Initiative to build three small-scale anaerobic digesters at two high
schools and one community housing facility in New York City,
and a $25,000 grant to Forest Trends for the Forest Climate
Alliance--a coalition of rural development and conservation leaders who
are seeking to ensure that climate projects financed by industrialized
countries for carbon emissions offsets from afforestation and
reforestation projects contribute as well to meeting the Millennium
Development Goals to reduce hunger and poverty and conserve
biodiversity.
In addition, smaller grants have been approved for:
The Mitsubishi International Corporation Foundation, based in New
York City, was established in 1992 with funding from Mitsubishi
International Corporation and Mitsubishi Corporation of Japan, its parent
company. With a current endowment of over $4 million, the Foundation has
contributed more than $2 million to organizations supporting environmental
education and civil society.
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