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2008 Annual Report


2008 Annual ReportWe founded Ecotrust nearly 20 years ago to help local communities achieve what author Jane Jacobs called a more “reliable prosperity.” To that end, we encouraged a new type of economic development that was more consistent with local culture and environmental restoration. We believed clues to success lay in ancient wisdom: the more diverse and intimate the connections between nature, economic well-being and community, the more resilient all three might be.

We sought innovative ways to apply that wisdom, and then we invested. With ShoreBank, we started a new type of bank that prioritized community-building and stewardship of the environment in its lending. We started a forest ecosystem investment fund. We helped schools find fresh local food for students, repatriated traditional land to First Nations, supported local fishermen with financing, and restored salmon runs. We found designers and contractors with integrity to do a green rebuild of an old warehouse. Slowly, we leveraged $60 million in grants into $300 million in new capital for families, businesses and the environment from Alaska to California.

Today, in the midst of a storm, we are testing our own persistence and resilience. Ecotrust’s 2008 growth was modest, a rate consistent with the biological growth of our native forests, but perhaps it shows resilience at a time when the S&P 500 lost more than a third of its value. Maybe it’s because we believe in investing in things we all need, more than what we want. We are investing in storing carbon in our forests, not releasing it. We are investing in local food production, not transporting food halfway around the world. We are investing in a healthy and creative place to work, and in our outstanding management team and staff.

Local, living economies: Not everyone will embrace the model, but we know it’s profitable, better for the earth and better for local communities everywhere.

Cecil Paul, a Haisla First Nation elder with whom we worked to protect the 800,000-acre Kitlope River watershed in British Columbia, once said that we are all building a magic canoe — a metaphor for a growing global village. Thank you for traveling with us.

— Cameron Healy and Spencer B. Beebe

2008 Annual Report
8½ x 11 inches, 24 pages
Download the 2008 Annual Report (816kb pdf)

Photos: cover Juneau, Alaska • p3 Willapa Bay, WA (Samuel M Beebe) • p5 Portland Farmer's Market at Natural Capital Center (Samuel M Beebe) • p7 photovoltaics at Natural Capital Center (Andrew Fuller) • p13 Abernethy school garden (Rachael Torchia) • Windmills near Wasco, OR (Samuel M Beebe) • Bering Glacier icebergs, AK (Samuel M Beebe) • Haisla dressing halibut, British Columbia, Canada (Samuel M Beebe) • Windy Bay, Haida Gwaii, BC (Samuel M Beebe)

Colophon: This publication was printed on Mohawk Options paper, a process-chlorine-free 100% post-consumer waste fiber, FSC-certified, manufactured with wind-power. In printing 1,000 copies, Ecotrust saved the following resources: 6 fully-grown trees | 17 lbs. water-borne waste | 2,447 gallons waste water | 4,080,000 BTUs energy | 271 lbs. solid waste | 533 lbs. greenhouse gases. Carbon offset and windpower savings: 271 lbs. ghg emissions not generated | 2,253 cubic feet natural gas | 268 miles driving, and the equivalent to planting 18 trees.

Other annual reports: 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012


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