RSF Social Finance Provides Financing to Wild Planet Foods, Inc.

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RSF Social Finance Provides Financing to Wild Planet Foods, Inc.

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RSF #Social #Finance Makes a New Loan to Wild Planet Foods http://3bl.me/v5p2zt

Summary

RSF Social Finance commits $3 million in financing to Wild Planet Foods.

Monday, October 10, 2011 - 3:39pm

CONTENT: Press Release

(3BL Media / theCSRfeed) October 10, 2011 - RSF Social Finance (RSF), in partnership with New Resource Bank, announced today that is has made a loan to Wild Planet Foods.

RSF has committed approximately $3 million in working capital to support the growth of this successful social enterprise.

“We are thrilled to be supporting Wild Planet’s growth and its campaign to bring further awareness to the unsustainable practices of the major tuna brands” says Scott Hackenberg, RSF Lending Manager. 

Wild Planet is a California-based sustainable seafood company. The company works closely with environmental organizations, like the Monterey Bay Aquarium Seafood Watch® program, to produce the highest quality wild seafood, exclusively sourced from sustainable fisheries. Supplying customers with quality enhanced products that provide greater nutrition and reduced contaminants while employing fishing practices which preserve precious marine resources, Wild Planet has established itself as an exemplary leader in the seafood industry. Earlier this year, Greenpeace ranked Wild Planet #1 in its commitment to sustainability.

 “When looking to fund the growth of our working capital, we sought a consortium of lenders that were in alignment with our sustainability mission” says Terry Hunt, CEO of Wild Planet Foods. “RSF’s work benefits many private businesses that have committed themselves to environmental conservation and who are able to show both environmental and economic results.  As such, RSF is a perfect fit for Wild Planet.”

RSF Social Finance is the lender of choice for values-driven social enterprise in the areas of Food & Agriculture, Education & the Arts, and Ecological Stewardship. Borrowers not only receive financing to meet their capital needs through a close relationship with RSF, each becomes part of a larger community working to transform the way the world works with money. RSF is proud to support Wild Planet Foods and the positive social and environmental impacts they generate. 

About RSF Social Finance
Located in San Francisco, CA, RSF Social Finance (RSF) is a non-profit financial services organization dedicated to transforming the way the world works with money. Since 1984, the organization has made over $230 million in loans and $100 million in grants to non-profit and for-profit social enterprises working in the areas of Food & Agriculture, Education & the Arts, and Ecological Stewardship.
 
RSF's lending capital comes primarily from one thousand individuals who have invested $1,000 or more in the organization's Social Investment Fund. Investors earn a competitive return on their money comparable to a certificate of deposit while their funds are deployed to leading social enterprises. To learn, more visit www.rsfsocialfinance.org

About Wild Planet Foods

With strict quality control from fishhook to store shelf, Wild Planet Foods’ mission is to produce safe, nutritious, great-tasting, and sustainably fished seafood. 100% US owned and based in McKinleyville, CA, the company operates its own docks where selection and delivery of fish are taken directly from the fishermen, many of whom are also shareholders with the company. All species canned by Wild Planet – Albacore, Skipjack, Shrimp, Salmon and Sardines – are individually caught in their natural environment and are noted as Best Choices for sustainability by Monterey Bay Aquarium’s Seafood Watch® program. For additional information, visit www.wildplanetfoods.com.

RSF17563

Contact

Scott Hackenberg, Lending Manager
RSF Social Finance
http://www.rsfsocialfinance.org
http://www.rsfsocialfinance.org
Jillian McCoy, Communications Associate
RSF Social Finance
http://www.rsfsocialfinance.org
Keywords: Finance & Socially Responsible Investment | RSF Social Finance | Wild Planet Foods | impact investing | sustainable fisheries | sustainable fishing

CONTENT: Press Release