London, December 11, 2008--The Financial
Times, in partnership with IFC, a member of the World Bank Group, today
launched the 2009 edition of the FT Sustainable Banking Awards, the leading
awards recognising banks and other financial institutions for leadership
and innovation in integrating social, environmental and corporate governance
considerations into their operations.
Now in their fourth year, the 2009 Sustainable Banking Awards incorporate
a new category, the Award for Achievement in Basic Needs Financing, which
is open to all financial sector participants and recognises ground-breaking
transactions, programmes and initiatives that use the power of finance
to address the scarcity of essential goods across society.
“The awards are all the more timely in light of the financial crisis,
which has intensified debate over the role of ethics and sustainability
objectives in ensuring the financial industry’s long-term health and competitiveness,”
said John Willman, FT UK Business Editor and Co-Chair of the awards judging
Lars Thunell, IFC Executive Vice President and CEO, commented: “The crisis
has highlighted the continuing plight of the very poor and the urgency
to find solutions to the under-supply of basic needs such as energy, water
and food alongside efforts to deal with the challenges of climate change.
That is why we have introduced a new category on basic needs financing.”
The FT Sustainable Banking Awards have grown in popularity and last year’s
winners were selected from a record 182 entries from 129 institutions across
For 2009, applications are being accepted until March 6 in the following
five categories: Sustainable Bank of the Year, Emerging Markets Sustainable
Bank of the Year, Achievement in Basic Needs Financing, Banking at the
Bottom of the Pyramid, and Sustainable Investor of the Year.
The awards for Achievement in Basic Needs Financing, Banking at the Bottom
of the Pyramid, and Sustainable Investor of the Year, are open to all financial
institutions, including non-banks. The other two categories are open only
to banking institutions.
Each category will have a shortlist of five finalists -- except Emerging
Markets Sustainable Bank of the Year, where, as in previous years, the
winner will be chosen from four banks awarded prizes for regional leadership
in Africa/Middle East, Asia, Eastern Europe and Latin America respectively.
The winners will be announced and the awards presented on June 4, 2009
at a gala dinner at the Renaissance Chancery Court Hotel in London attended
by senior bankers and decision-makers in the area of sustainability.
The dinner will conclude the 2009 FT Sustainable Banking Conference, the
major annual summit on sustainable banking and finance that will gather
some of the world’s most renowned visionaries, strategists and financial
decision-makers to discuss the impact of the financial crisis, and particularly
whether the historic changes in the financial sector will drive banks to
meet stakeholders’ expectations of more open, transparent businesses that
demonstrably deliver value to society.
Leading consultancy Sustainable Finance Limited will again be technical
advisor for the awards. The judging panel will be co-chaired by John Willman
of the FT and Rachel Kyte, Director of Environment and Social Development,
IFC, and will feature leading figures involved in sustainable finance and
Entry forms and other details of the awards and the Sustainable Banking
Conference can be obtained at www.ftconferences.com/sustainablebanking.
About the Financial Times
The Financial Times, one of the world’s leading business news organisations,
is recognised internationally for its authority, integrity and accuracy.
Providing extensive news, comment and analysis, the newspaper is
printed at 24 print sites across the globe, has a daily circulation of
448,523 (ABC figures November 2008) and a readership of 1.4 million people
worldwide. FT.com is the definitive home for business intelligence on the
web, providing an essential source of news, comment, data and analysis
for the global business community. FT.com attracts 7.1 million unique users,
generating 72 million page views (ABCe figures, March 2008).
IFC, a member of the World Bank Group, creates opportunity for people to
escape poverty and improve their lives. We foster sustainable economic
growth in developing countries by supporting private sector development,
mobilizing private capital, and providing advisory and risk mitigation
services to businesses and governments. Our new investments totaled $16.2
billion in fiscal 2008, a 34 percent increase over the previous year. For
more information, visit www.ifc.org.