LONDON: 21 December 2015: The Financial
Times and IFC, a member of the World Bank Group, have launched the 2016
edition of the Transformational Business Awards. This is the third year
of the major global programme that recognises ground-breaking, long-term
private sector solutions to key development issues.
The programme is open to all financial
and non-financial private sector organisations, with an emphasis on private
sector-led public-private partnerships. In 2015, the awards attracted 191
entries from 167 organisations, involving projects in 140 countries.
The 2016 awards will reward innovation,
impact, replicability, financial viability and sustainability on a transactional
basis across the following categories:
in Low-Carbon Urban Transformation
in Transformational Finance
in Transformational Technology
in Sustainable Development, with a focus on the following:
and Infant Health
Category: Excellence in City-led Transformation
In light of the global climate talks
in Paris, this year’s programme will pay special attention to products
and services that address the challenges around climate change, especially
in rapidly growing urban areas, with an emphasis on the capital, technology
and innovation required for substantive progress.
The flagship Achievement in Transformational
Finance category will acknowledge innovative financing structures, particularly
those generated by institutional investors and other large owners of capital.
As well as the focus on climate change,
the awards include a revamped technology category and a new category designed
to highlight issues contained in the United Nations Sustainable Development
Goals (SDG). Each year, this Achievement in Sustainable Development category
will centre on different SDGs or targets. The focus in 2016 will be on
sustainable agriculture, and maternal and infant health.
For the second year, a special Excellence
in City-Led Transformation category, supported by Cities Alliance, will
also commend achievements by municipal governments around the world.
John Thornhill, deputy editor of the
Financial Times and co-chair of the Transformational Business Awards judging
panel, said: “We are excited about how topical the 2016 awards are. As
the world’s leaders meet in Paris to discuss the urgent need to address
climate change, investors and innovators are rolling out new initiatives
to boost renewable energy and protect against environmental degradation.
We hope to highlight many of those projects. I am also delighted that we
are giving focus to the UN SDGs and the role of the private sector in helping
to eradicate extreme poverty by 2030.”
“If governments, private sector companies
and civil society do not confront climate change now, an additional 100
million people will fall into poverty,” said Nena Stoiljkovic, IFC vice
president, Global Client Services, and judging panel co-chair, citing a
recent World Bank study. “The private sector has a critical role to play
by increasing investments in climate-smart industries that benefit the
bottom line and create game-changing and commercially sustainable solutions.
We look forward to celebrating achievements in all of the award categories.”
Entries are being accepted until 15
March 2016. Entry forms and criteria are available at live.ft.com/transformationalbusiness.
The winners in each category will be announced at a ceremonial dinner in
London on 9 June 2016.
The awards gala will be preceded by
the third FT/IFC Transformational Business Conference, a major gathering
of thought leaders who will explore and debate the issues generated by
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 essential news, comment,
data and analysis for the global business community, the FT has a combined
paid print and digital circulation of 750,000. Mobile is an increasingly
important channel for the FT, driving almost half of total traffic.
IFC, a member of the World Bank Group,
is the largest global development institution focused on the private sector
in emerging markets. Working with more than 2,000 businesses worldwide,
we use our capital, expertise, and influence, to create opportunity where
it’s needed most. In FY15, our long-term investments in developing countries
rose to nearly $18 billion, helping the private sector play an essential
role in the global effort to end extreme poverty and boost shared prosperity.
For more information, visit www.ifc.org