The MB100 winners eloquently illustrate how bringing business and purpose together may address difficult social and environmental problems.
India’s Mumbai: The cleantech business ReCircle’s co-founder and CEO, Rahul Nainani, has been recognised as one of this year’s Meaningful Business 100 (MB100), an annual award program that recognises executives who combine profit with purpose. This partnership will help ReCircle achieve its goal of converting to a circular waste management system.
Selected from over 850 worldwide nominations representing 81 countries, the winners were chosen by an experienced team of 30 judges, including representatives from Google, the United Nations, the Rockefeller Foundation, Arm, Mastercard, and Temasek. The five main categories of equity, impact, innovation, leadership, and scalability were used to evaluate these exceptional social entrepreneurs, impact investors, and corporate sustainability leaders.
“Congratulations to Rahul Nainani whose remarkable work at ReCircle powerfully demonstrates that combining profit with purpose can address today’s most complex social and environmental challenges,” remarked Tom Lytton-Dickie, Founder & CEO, Meaningful Business, in response to the 2024 MB100. Rahul is a welcome addition to the worldwide Meaningful Business community, and we are forward to work with them as they expand their reach and effect over the coming years.
Rahul Nainani, Co-Founder & CEO of ReCircle, expressed reflection on the accomplishment by saying, “Our single goal when we founded ReCircle was to hasten the global shift to a circular economy. We are thrilled that our waste management strategy—which is driven by purpose rather than profit—has been acknowledged in the prestigious 2024 Meaningful Business MB100 list. We are excited to take part in the year-round program and absorb knowledge from the amazing peers inside the network. With the help of this organisation, we will be able to grow our company sustainably, create a transparent and traceable waste value chain, and support projects that will have a positive social and environmental effect in addition to being profitable.
In its sixth year, the winners will take part in an annual program that gives them access to pro-bono services, resources for capacity building, investment possibilities, and a worldwide peer network. Prominent institutions including Hogan Lovells, Babson College, Green Frontier Capital, and Kenya Climate Ventures are among those that support the initiative.
“Congratulations to the outstanding social entrepreneurs, corporate sustainability champions, and impact investors of the MB100 Class of 2024!” said Stasia Mitchell, EY Global Entrepreneurship Leader, who is also one of the MB100 judges. These visionaries, who were chosen from more than 850 nominations, are combining profit and purpose to alter communities and industries. It is a pleasure for me to have served as a judge this year and to see how they confidently create the future to bring about significant change on a worldwide level.
Find out more about the 2024 MB100, here: https://meaningful.business/mb100-2024/
About Meaningful Business:
Meaningful Business exists to help purpose-driven leaders succeed. The community consists of social entrepreneurs, CEOs, impact investors, sustainability heads, humanitarian leaders and academics across 140+ countries, cutting across geography, sector, cause and company size. The platform is designed to help these individuals succeed by providing access to knowledge, connections and resources that help them overcome their key challenges. To learn more, visit: https://meaningful.business/.
About ReCircle
ReCircle was founded in 2016 by Rahul Nainani & Gurashish Singh Sahni to tackle India’s growing waste problem. ReCircle empowers consumers and brands to divert waste away from landfills and oceans, and back into the economy to be recycled, reused or repurposed.
Headquartered in Mumbai, ReCircle is driven by a singular mission: to accelerate the world’s transition to a circular economy. To achieve this mission, the company has instituted flagship initiatives such as ClimaOne, Plastic EPR Service, Plastic-Neutral programs and Project Extra Life to further their goal. Its tech-enabled platform, ClimaOne, addresses existing challenges in the ecosystem by building a unified, transparent platform that provides real-time tracking, backed by data analytics and simplifies reporting and compliance.
ReCircle has diverted over 169,000 MT (equivalent to the weight of 28,166 elephants) of waste from landfills and water bodies across 270 cities & towns in India with the help of 45+ processing partners who have a pan-India network of 400 collection partners all while impacting the lives of over 3100 informal waste workers or Safai Saathis. ReCircle has enabled 60+ progressive brands including HUL, UNDP India, Hindustan Coca-Cola Beverages, etc. achieve their sustainability goals. In September 2024, ReCircle raised a bridge round led by Venture Catalysts and Mumbai Angels to close the loop on plastics. For more information visit: https://recircle.in/