The prestigious award was presented as part of The Circulars, an awards program by the World Economic Forum’s Community of Young Global Leaders which recognizes individuals and organizations that have made notable contributions to the circular economy.

Rubicon Head of Sustainability David Rachelson received the award on behalf of the company and addressed attendees of the World Economic Forum.

The circular economy is at the core of the Rubicon business model,” said Rachelson.

Nate Morris, Rubicon Founder, Chairman and CEO also was named a finalist for the Fortune Award for Circular Economy Leadership for his individual contributions to the circular economy.

Morris was named a Young Global Leader by the World Economic Forum in 2014. Rubicon was the only company or organization that was named a finalist in two different categories.

The company was honored alongside other world renowned leaders in the circular economy, including NIKE, Inc. and Patagonia for their leading work on material efficiency, waste reduction and sustainable innovation.

Rubicon Global is a cloud-based, full-service waste and recycling company focused on sustainability.