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Applications from Asia Pacific are being sought for the second FT Sustainable Banking Awards, which recognize banks that have shown leadership and innovation in integrating social, environmental and corporate governance into their operations.
The awards, organized by the Financial Times and the International Finance Corporation (IFC), part of the World Bank Group, attracted 90 entries from 48 institutions in 28 countries when the competition was run for the first time this year. There are five categories: Sustainable Bank of the Year, Emerging Markets Sustainable Bank of the Year, Sustainable Bankers of the Year, Sustainable Deal of the Year, and Achievement in Carbon Finance. There will be additional awards for regional leadership in the Emerging Markets category.
Lars Thunell, the IFC executive vice-president, said: ‘Increasingly banks understand the benefits of including sustainability in their business strategy, that is, identifying environmental and social risks as well as market-based opportunities. There are many impressive examples in the Organization for Economic Co-operation and Development countries, but we would like to strongly encourage banks from the emerging markets to participate in the awards as well.’
The deadline for entries is February 28 2007. Shortlisted finalists will attend a dinner in London in June, when the winners will be announced. Earlier in the day a conference will be held on sustainable banking, looking at the views of banks, their stakeholders and civil society.
The awards, organized by the Financial Times and the International Finance Corporation (IFC), part of the World Bank Group, attracted 90 entries from 48 institutions in 28 countries when the competition was run for the first time this year. There are five categories: Sustainable Bank of the Year, Emerging Markets Sustainable Bank of the Year, Sustainable Bankers of the Year, Sustainable Deal of the Year, and Achievement in Carbon Finance. There will be additional awards for regional leadership in the Emerging Markets category.
Lars Thunell, the IFC executive vice-president, said: ‘Increasingly banks understand the benefits of including sustainability in their business strategy, that is, identifying environmental and social risks as well as market-based opportunities. There are many impressive examples in the Organization for Economic Co-operation and Development countries, but we would like to strongly encourage banks from the emerging markets to participate in the awards as well.’
The deadline for entries is February 28 2007. Shortlisted finalists will attend a dinner in London in June, when the winners will be announced. Earlier in the day a conference will be held on sustainable banking, looking at the views of banks, their stakeholders and civil society.
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