Eat Greater Des Moines, MEANS Database launch fundraising auction
Business Record Staff Apr 6, 2023 | 3:20 pm
1 min read time
237 wordsAll Latest News, Nonprofits and PhilanthropyTwo nonprofits, Des Moines-based Eat Greater Des Moines and MEANS Database in Washington, D.C., are raising money to support their food recovery efforts during April by selling validation contracts related to the environmental, social and governance, or ESG, practices of companies through an online regenerative authentication credits auction. According to a news release, the auction allows individuals or organizations to invest in the ESG benefits created by these organizations – from the people fed, landfill contents diverted, to greenhouse gases reduced – due to each food recovery event made available on the auction. “Food recovery is still pretty misunderstood, so traditional fundraising pathways are not always available for us,” Aubrey Alvarez, executive director of Eat Greater Des Moines, said in a prepared statement. “We’re excited to participate in this auction because it recognizes our achievements, lets funders invest in what we’ve done, letting us get back to work in our community quicker.” A regenerative authentication credit, or RAC, allows nonprofits greater flexibility in defining their ESG impact at a lower compliance cost. This is the second RAC auction where nonprofits can monetize their ESG contributions in order to support their core mission, the release said. Blockchain technology from Des Moines startup Trokt has been integrated so RACs can offer greater visibility at a lower compliance cost. Bidding is open through April 31 to individuals or organizations. To find more information about RACs or participate in the auction, visit racraise.org.