ERM Foundation leads crowdfunding for green social entrepreneurs
ERM Hong Kong co-hosted a crowdfunding event in conjunction with Filanthropy. The objective of the event was to raise funds and enable local social entrepreneurs to pitch business ideas that align with ERM Foundation priority areas.
The three applicants made their pitches to a gathering of our employees, clients and members of the public, explaining how their businesses aligned with the ERM Foundation's mission and how they would make use of a $1,000 investment. Following the pitches, members of the audience were able to pledge cash donations for their favorite organization.
In total, $8,000 was raised during the evening, including matching funds from ERM, and distributed to three local social enterprises that had pitched their ideas to the crowd of 160 guests:
- Growing Smart is a permaculture and educational organisation whose aim is to create an educational, organic farm. It used the funds from the event to construct a covered outdoor area to be used as the venue for an education program at their site on Peng Chau, an outlying island of Hong Kong. Growing Smart also harvested all the bamboo needed for the construction, put in place the structure foundations and assist with other logistics (shipping to Peng Chau) associated with the build.
- Ocean Recovery Alliance works with local fishermen, providing an incentive-based reward system to the fisherman for collecting floating trash when they are at sea. Funding is derived also from selling clothing and products made from recycled bottles. The organization used the funds to set up their "Plastic Catch" initiative for stakeholder engagement with the local fishermen and to gain trust and momentum for their project. ERM was able to assist this project further through sharing contacts for the local fishing community that have been gathered through our marine team's projects in Hong Kong.
- Blue Sky Energy Technology works to reduce electricity consumption and carbon emissions by providing user-friendly technology for monitoring carbon emissions associated with energy consumption. The organization embarked upon energy audits of three restaurants in Hong Kong and plans to install energy sensors at the audited sites to monitor energy consumption. Also, as a follow-up activity, Principal Consultant Kalvin Lai sat on a panel of experts to evaluate Hong Kong University's student proposals for energy conservation, an event that was led by Blue Sky Energy Technology.