SOURCE: Metafore

May 15, 2006 13:18 ET

Metafore Announces Recipients of Inaugural Innovation Awards

PORTLAND, OR -- (MARKET WIRE) -- May 15, 2006 --Ewire -- Metafore -- a nonprofit that helps align day-to-day business practices so they achieve desired social, environmental and financial results -- has announced the recipients of its inaugural Metafore Innovation Awards.

The awards were presented at Metafore's Forest Leadership Forum, held May 3-6 in Portland, Ore. The Forum convened action-oriented global leaders in business, environment and society to help them align business practices in ways that achieve environmental, social and financial results.

Metafore launched these awards at the Forum in order to recognize organizations that have taken impressive steps to develop outstanding innovations that demonstrate positive social and environmental results. The Metafore Innovation Awards will be awarded annually.

The awards recognized the grand prize winners and finalists in the categories of products and services.

The grand prizes went to:

--  Columbia Forest Products for its product PureBond -- a formulation of
    decorative hardwood plywood panels produced using a formaldehyde-free
    adhesive system.
PureBond is soy-based, providing superior moisture-resistance over Urea Formaldeyhyde-based panels. In addition, PureBond is a cost-neutral alternative to traditional UF-manufactured plywood.

"We were very honored to receive the grand prize," Columbia Forest Products President and CEO Harry Demorest said. "The development and commercialization of PureBond has been our top priority this past year, and this award is further validation that we've been doing the right thing."

In fact, judges agreed that Columbia Forest Products took the industry lead by offering "a completely new technology and approach -- one that could have a huge impact."

--  Futuro Forestal for its WoodStockInvest program, which offers
    worldwide investors the opportunity to own a forest, invest in a high yield
    product and contribute to social and ecological development in Central
This group began with an idea that would pair sustainable forestry and investors. It spent the last 10 years developing and refining an innovative model for ecologically and socially sustainable reforestation in the tropics. Its planting of seven mainly native species of fine tropical timber in intensive-use areas and up to 50 native species in protection zones promotes the development of a diverse ecosystem.

Judges said, "This combination of preservation, investment and sustainable forest management is an innovative approach backed by market rewards."

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