April 29, 2008 - Bainbridge Graduate Institute (BGI) in Washington, the first graduate school in the U.S. to offer an MBA in Sustainable Business, is the winner of the Bavaria Award for Innovation, an award that honors achievements that have the potential to create lasting change.

Ceres and Trillium Asset Management Corporation (Trillium) announced today the inaugural winners of the Joan Bavaria Awards for Building Sustainability into the Capital Markets. The two winners, Bainbridge Graduate Institute and Enhanced Analytics Initiative (EAI), were announced at the Ceres annual conference in Boston.

Ceres and Trillium established the new annual awards program in honor of Joan Bavaria, a socially responsible investment pioneer who co-founded Trillium in 1982 and Ceres in 1989. The awards celebrate Bavaria’s distinguished career in integrating social and environmental factors in capital market decision-making.

The awards recognize investors, companies, and non-profit groups that have contributed specific achievements in spurring the capital markets to move from a system focused on short-term profits to one that also integrates longer-term social and environmental factors into investment decision-making. The innovation award for BGI honors achievements that have the potential to create lasting change.

"EAI and BGI are both inspirational examples of Joan Bavaria's vision of global sustainability concerns being treated by the capital markets not as fringe matters, but as the financial issues of materiality that they indeed are," said Mindy S. Lubber, president of Ceres and one of the Bavaria award judges.

Washington-based BGI's MBA in Sustainable Business has pioneered the integration of social and environmental responsibility across a full spectrum of the graduate business curriculum. Since its founding in 2002, BGI has trained hundreds of students to successfully lead large corporations, small businesses, and non-profit organizations to compete in the mainstream marketplace while simultaneously including sustainability as a core strategy.

"In distinct, yet equally important ways, both EAI and BGI are building the infrastructure for integrating sustainability into the capital markets and corporate world. BGI's curriculum is exactly what we need in our business schools today to train the future CEOs, board members, and other corporate leaders for whom sustainability will be a key business challenge and opportunity," said Ken Sylvester, one of the Bavaria Award judges and assistant comptroller for pension policy in the New York City Comptroller's Office, which manages over $115 billion in assets.

"BGI's innovative approach has proven to be a model for changing the way business schools around the country incorporate sustainability into their programs," said Gifford Pinchot, BGI’s President and Founder. "As faculty return to their home institutions from our monthly residential immersion program, they bring with them a new understanding of how global business can be transformed in the direction of the good, thus prompting more and more requests for BGI's help in designing sustainable MBA programs elsewhere."

The five judges who selected this year's winners include experienced individuals at the forefront of the sustainability movement. The panel included: 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 manages more than $115 billion in assets.

About Ceres
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 $5 trillion. For more information, visit www.ceres.org.

About Trillium
Now in its 25th year, Trillium 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. For more information, visit www.trilliuminvest.com.

About BGI
The Institute prepares a diverse group of leaders to build enterprises that are economically successful, socially responsible and environmentally sustainable. The MBA curriculum preserves the rigor of a traditional program, while infusing sustainability-both environmental and social responsibility-throughout every course. Enrollments in school’s programs have increased more than twelve-fold from 14 students in 2002 to over 180 in the spring of 2008. The Institute also offers certificates in Sustainable Business, Sustainable Entrepreneurship & Intrapreneurship and Writing about Innovation and Sustainability. For more information, visit www.bgiedu.org.

Bainbridge Graduate Institute

Bainbridge Graduate Institute

BGI was born when co-Founder and President, Gifford Pinchot, a renowned business consultant, realized the nation's graduate business schools were churning out one-dimensional MBA graduates with solid short-term profit-maximization skills, but lacking a deep understanding of how to integrate social and environmental issues into business decisions.

The Institute's pioneering MBA and certificate programs prepare a diverse group of leaders to build enterprises that are economically successful, socially responsible and environmentally sustainable. The innovative curriculum preserves the rigor of a traditional MBA program, while infusing sustainability - including both environmental and social responsibility - throughout every course.

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