Washington, December 12, 2013—The
Financial Times and IFC, a member of the World Bank Group, today launched
an awards program to showcase business initiatives that can create long-term,
transformative solutions to environmental, social, and corporate governance
challenges, particularly in developing nations.
The FT/IFC Transformational Business Awards: Sustainable Solutions to Today’s
Development Challenges expand the FT/IFC Sustainable Finance Awards, which
established themselves over eight years as the leading global awards for
environmentally and socially responsible banking and investment. The 2013
Sustainable Finance Awards attracted a record 254 entries from 221 organizations
in 61 countries.
The new program will highlight innovative, commercially viable, and replicable
products and services that address development needs in areas such as infrastructure,
energy, food and water, education and health. It also recognizes the use
of technology to empower the poor and efforts to reverse environmental
and social degradation.
Martin Dickson, U.S. managing editor of the Financial Times and co-chair
of the Transformational Business Awards judging panel, said: “We’ve made
the Transformational Business Awards open to all organizations – financial
and non-financial – across both the private and public sectors. They focus
on specific projects and transactions and the impact those initiatives
have on the problems they are targeting.”
Nena Stoiljkovic, IFC Vice President, Business Advisory Services, and fellow
judging panel co-chair, said: “We want to recognize financial institutions
and companies that have developed innovative solutions that can work in
many markets with a focus on long-term value creation for businesses and
the communities in which they operate.”
The FT/IFC Transformational Business Awards will reward innovation, impact,
replicability and commercial viability on a transactional basis across
the following categories:
• Achievement in Project Finance
• Achievement in Information and Communications
• Achievement in Transformational Finance
• Achievement in Inclusive Business
Special attention will be given to public-private partnerships.
Entries are being accepted until March 14, 2014. Entry forms and
criteria will be available soon at www.ft-live.com/transformationalbusiness.
The winners in each category will be announced at a special dinner at the
InterContinental London Park Lane on June 12, 2014.
The dinner will conclude the inaugural FT/IFC Transformational Business
Conference, a major one-day summit that will gather policy-makers, business
leaders and strategists from around the world to discuss new ways of tackling
the key challenges facing emerging economies and societies.
In conjunction with the awards, IFC will be hosting a series of Transformational
Business Days in cities around the world from December 2013 to February
2014 to provide more information about the new awards program and to promote
best practice in transformational business and finance.
PwC is technical advisor for the awards.
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 more than 100 countries, we use our capital, expertise,
and influence to help eliminate extreme poverty and promote shared prosperity.
In FY13, our investments climbed to an all-time high of nearly $25 billion,
leveraging the power of the private sector to create jobs and tackle the
world’s most pressing development challenges. For more information, visit
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 over 600,000 (Deloitte
assured, 2 January 2012 – 1 April 2012) and a combined print and online
average daily readership of 2.2 million people worldwide (PwC assured,
November 2011). FT.com has more than 4.5 million registered users and 285,475
paying digital subscribers. The newspaper, printed at 21 print sites across
the globe, has a global print circulation of 319,381 (ABC, March 2012).
For more information, visit www.ft.com.