London, 15 November 2016: The Financial
Times and the International Finance Corporation (IFC), a member of the
World Bank Group, have launched the 2017 edition of the Transformational
Business Awards, a global programme that recognises innovative, long-term
private sector solutions to development issues.
The awards, now in their fourth year, are open to all financial and non-financial
private sector organisations. In 2016, the programme attracted 155 entries
from 219 organisations, involving projects in 92 countries.
This year’s awards will recognise innovation, impact, replicability, financial
viability and sustainability on a transactional basis across the following
• Achievement in Transformational Infrastructure
• Achievement in Transformational Finance
• Achievement in Sustainable Development, with
a focus on:
o Food, Water
o Health, Wellness
and Disease Prevention
Knowledge and Skills
• Overall Award: Excellence in Disruptive Technologies
• Overall Award: Excellence in Climate Solutions
• Overall Award: Excellence in Transformational
• Special Public Sector Category: Achievement
in City-led Transformation
The awards will give special attention to products and services that harness
disruptive technologies and business models to achieve both commercial
and sustainability goals. Land rights, governance, poverty and climate
change will also be highlighted.
The new Excellence in Disruptive Technologies prize draws from the nominees
across all categories to recognise the initiative with the most ground-breaking
use of new technology and the strength of its disruptive approach to markets
and business models.
The Achievement in Sustainable Development category rewards programmes
that help meet key UN Sustainable Development Goals (SDGs), with different
goals or targets highlighted every year. The focus in 2017 will be on education,
health, and food, water and land management.
An Excellence in Climate Solutions prize is added to the awards list, to
reflect the crucial role of the private sector in global efforts to address
Achievement in Transformational Infrastructure is also a new category that
will reward effective, low-carbon infrastructure development - in both
urban and non-urban environments – in driving economic and social progress.
The Achievement in City-Led Transformation category, a special public sector
category supported by Cities Alliance, is targeted at municipal governments
around the world.
Michael Skapinker, associate editor at the Financial Times and co-chair
of the judging panel, said: “These awards go to the core of what drives
sustainable growth in developing economies. Last year the awards received
entries from a record number of organisations that are driving real economic
and social change, and we look forward to reviewing this year’s high calibre
submissions as well.”
“Modern technologies, and the disruptive business models that can come
with them, often attempt to provide solutions to the effects of climate
change and connect people to information, capital, and essential services
— breaking the digital divide for the 55% of the world’s population that
is still not connected, particularly in emerging markets,” said Nena Stoiljkovic,
IFC vice president, Global Client Services, and judging panel co-chair.
“Year after year the awards demonstrate that private sector innovation
and capital can make a real difference while benefiting companies’ bottom
Entries are being accepted until 15 March 2017. Entry forms and criteria
are available at live.ft.com/transformationalbusiness.
The winners in each category will be announced at a gala dinner in London
on 8 June 2017.
The awards ceremony will be preceded by the fourth FT/IFC Transformational
Business Conferenc, a major gathering of thought leaders who will explore
and debate the issues generated by the awards.
About the Financial Times
The Financial Times is one of the world’s leading business news organisations,
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 810,000. Mobile
is an increasingly important channel for the FT, driving more than 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 2,000 businesses worldwide, we use our six decades of experience to
create opportunity where it’s needed most. In FY16, our long-term investments
in developing countries rose to nearly $19 billion, leveraging our capital,
expertise and influence to help the private sector end extreme poverty
and boost shared prosperity. For more information, visit www.ifc.org