carBIOrante, a student company from the French School of Santo Domingo in Dominican Republic, won the MetLife LifeChanger Award at the JA Europe Company of the Year Competition 2019. The award, sponsored by MetLife Foundation, recognises student companies that best embrace the concepts of social impact, financial performance and innovation in their business strategy while maintaining a realistic plan in today’s marketplace.
Nine students of the French School of Santo Domingo demonstrated to the jury the product’s capacity to have a great social impact by transforming cooking oil into biofuel, and offering to the population a more affordable cleaner alternative to diesel.
“We believe so much in the potential of our idea and are delighted MetLife has also seen the environmental, economic and societal possibilities of our project!” said Maria Alejandra from carBIOrante.
The jury for the 2019 JA Europe Company of the Year Competition, composed of representatives of MetLife France, selected the Dominican Republic team for their ability to demonstrate their company’s sustainability, innovation and high financial performance.
The judges found that CarBiorante demonstrated a high-level of maturity and a resolute will to make an impact on the environment and the population. Their business model was strong and they handled challenges like true entrepreneurs, showing the capability to be future leaders.
“It is an honour to recognise carBIOrante with the MetLife LifeChanger Award,” said Dirk Ostijn, Head of EMEA, MetLife. “Their enterprise exemplifies the award criteria and also shows the benefits of building young people’s financial and entrepreneurial capabilities. Their future and the future of our global communities are indeed bright.”
This year marks the fourth time the MetLife LifeChanger Award has been presented at the JA Europe Company of the Year Competition.
Since 2014, MetLife Foundation and MetLife offices in countries across Europe, the Middle East and Africa (EMEA), including 15 countries in Europe, have partnered with JA. Through the partnership, MetLife volunteers empower young people to become financially healthy by building work readiness, entrepreneurship and financial capability. MetLife is actively involved in JA Europe’s Progression Model by participating at all levels of education from primary to tertiary schools. In the last academic year, MetLife volunteers delivered the JA curricula to more than 26,000 students across Europe, through its MetLife LifeChanger initiative.
MetLife France has been collaborating with Entreprendre pour Apprendre, a member of the JA Europe network, over the last five years. Each year, several MetLife employees coach the young entrepreneurs and help them to turn ideas into profitable businesses.
“We believe JA programs are life-changing for young people. The involvement of MetLife and the MetLife Foundation is key to empowering the next generation of change‐makers, innovators and business leaders. We are delighted to see those skills and competences so well embodied by this year’s winners of the MetLife LifeChanger Award – congratulations carBIOrante!” said Caroline Jenner, CEO of JA Europe.
MetLife LifeChanger Signature Award jury members:
- Carolina Garnier, Head of Communication, Marketing and Strategic Projects, MetLife France
- Louise Riche, Internal Communication, MetLife France
MetLife LifeChanger Signature Award criteria:
- Social Impact: how the business benefits the local community (local employment, engaging local suppliers, sponsorship of local teams/events, engaging with local agencies and networks, etc.).
- Strong financial performance: showing the ability to be profitable and competitive, bring benefits to shareholders and secure long-term growth and job security.
- Innovation: innovative approach of business solution.
About JA Europe
JA Europe (www.jaeurope.org) is Europe’s largest provider of education programmes for entrepreneurship, work readiness and financial literacy, reaching 3.6 million students in 41 countries in 2017. JA works with the education and business communities as well as governments to provide young people from primary school to university with experiences that build the skills and competences they will need to succeed in a global economy. JA Europe is the European Regional Operating Centre for JA Worldwide®.
About MetLife Foundation
At MetLife Foundation, we believe financial health belongs to everyone. We bring together bold solutions, deep financial expertise and meaningful grants to build financial health for people and communities that are underserved and aspire for more. We partner with organizations around the world to create financial health solutions and build stronger communities, engaging MetLife employees to help drive impact. To date, our financial health work has reached 9.9 million low-income individuals in 42 countries. To learn more about MetLife Foundation, visit metlife.org.
MetLife, Inc., through its subsidiaries and affiliates (“MetLife”), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.
For more information, please contact: