William Rosenzweig, co-founder and a managing director of corporate venturing firm Physic Ventures, has won the Oslo Business for Peace Award.
The Business for Peace Foundation and International Chamber of Commerce in Oslo, Norway said Rosenzweig was selected for his "astute leadership and innovative approach to creating successful businesses focused on personal health and sustainable living".
The award goes to people who represent the ideals of social responsibility and ethics in business.
Rosenzweig, who was previously founding chief executive of Republic of Tea, received the award alongside six others, including Ratan Tata, chairman of India’s $95bn Tata Group conglomerate.
Rosenzweig said: "Receiving the Oslo Business for Peace Award is a truly humbling experience and an indication that Physic Ventures’ approach of investing in keeping people healthy is a critical and effective platform for enabling transformational solutions to global challenges.
"By design, Physic Ventures invests in financially-driven new business models that also generate positive social and environmental impact."
Physic’s portfolio includes Energy Hub, Gazelle, GoodGuide, Halosource, Novomer and Pharmaca.