London, 18 November 2014: The Financial
Times and IFC, a member of the World Bank Group, today launched the 2015
edition of the Transformational Business Awards, a major global programme
that highlights ground-breaking, long-term private sector solutions to
today’s development challenges.
The 2015 FT/IFC Transformational Business Awards mark a decade of collaboration
between FT and IFC on global awards initiatives that have had a substantial
impact on the way financial and non-financial institutions approach sustainable
investment. These initiatives began in 2006 with the FT/IFC Sustainable
Banking Awards, which evolved into the Sustainable Finance Awards in 2011
and the Transformational Business Awards in 2014.
The 2014 awards attracted 237 entries from 214 organisations in 61 countries.
For 2015, special attention will be given to privately-led public-private
partnerships and other initiatives that address structural challenges in
rapidly growing urban areas, including infrastructure, housing, energy,
transportation, food/water, employment, education and health; the use of
technology to empower the underserved; and efforts to reverse social and
financial exclusion and environmental degradation. The programme is open
to all financial and non-financial private sector organisations.
John Thornhill, deputy editor of the Financial Times and co-chair of the
Transformational Business Awards judging panel, said: “We are excited
about these awards because they highlight the role of cities as catalysts
for economic development, and the importance of the private sector in finding
solutions to structural challenges in urban areas. We are delighted with
the impact of our decade of collaboration with IFC and look forward to
seeing the outcome of our latest joint programme.”
Jin-Yong Cai, IFC’s Executive Vice President and CEO, said: ”We are enthusiastic
about the second edition of the Transformational Business Awards and eager
to see entries coming in. The awards programme provides a valuable platform
for private sector companies in emerging markets to showcase innovations
that address key developmental issues in a sustainable way.”
The 2015 awards will reward innovation, impact, replicability and commercial
viability on a transactional basis across the following categories:
in Urban Transformation, with a focus on the following themes:
in Information and Communications Technology
in Transformational Finance
in Inclusive Business
Entries are being accepted until March 15, 2015. Entry forms and criteria
will be available soon at www.ft-live.com/transformationalbusiness.
The winners in each category will be announced at a ceremonial dinner at
the InterContinental London Park Lane on 11 June 2015.
The dinner will conclude the second FT/IFC Transformational Business
Conference, a major one-day summit that will gather policy-makers,
business leaders, investors and strategists from around the world to discuss
the most effective solutions to the key social and environmental challenges
facing developing economies.
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
690,000 (Deloitte assured, Q3 2014). Mobile is an increasingly important
channel for the FT, driving 60 per cent of subscriber consumption, almost
50 per cent of total traffic and 20 per cent of new digital subscriptions.
FT education products now serve two thirds of the world’s top 50 business
schools. For news about the FT follow @FTPressOffice.
IFC, a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector. Working with private
enterprises in about 100 countries, we use our capital, expertise, and
influence to help eliminate extreme poverty and boost shared prosperity.
In FY14, we provided more than $22 billion in financing to improve lives
in developing countries and tackle the most urgent challenges of development.
For more information, visit www.ifc.org