RecycleBank

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The RecycleBank logo.
The RecycleBank logo.

RecycleBank is a rewards company with offices in New York City and Philadelphia focused on recycling rewards. It does this by measuring the amount of material each home recycles then issuing RecycleBank Points based on the amount of materials recycled. These points can be used at participating local and national rewards partners. These partners include Regal Entertainment Group, Green Mountain Coffee, CVS Caremark Corporation, Whole Foods Market and Starbucks. RRE Ventures and Sigma Partners are the largest institutional shareholder group and Ron Gonen, the co-founder and CEO is the largest individual shareholder.

RecycleBank is a member company of Ceres, a network nationwide of investors, environmental organizations and other public interest groups to address sustainability challenges such as global climate change.

RecycleBank was founded in 2004 by Patrick K. FitzGerald and Ron Gonen and a pilot program was launched in two Philadelphia neighborhoods. Currently the RecycleBank program services communities in Massachusetts, Connecticut, Pennsylvania, New Jersey, Delaware and Vermont.

As of December 2007, RecycleBank is in 125,000 households in the United States in over 35 municipalities.

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