London, June 12, 2006 —The Financial
Times today announced the winners of the FT Sustainable Banking Awards,
the first global awards program designed to recognize banks that have shown
leadership and innovation in integrating social, environmental, and corporate
governance objectives into their operations.
HSBC, the UK-based banking group, was
named Sustainable Bank of the Year, while Banco ABN Amro Real of Brazil
won Emerging Markets Sustainable Bank of the Year. The team responsible
for sustainable projects at German bank WestLB won the Sustainable Bankers
of the Year award, while the Sustainable Deal of the Year was won by Citigroup/Banamex
and Financiera Compartamos of Mexico. Credit Suisse won the Sustainable
Energy Finance Deal of the Year award.
The awards were launched in association
with the International Finance Corporation, the private sector arm of the
World Bank Group.
"The winners of the FT Sustainable
Banking Awards have set benchmarks on how banks can adapt to meet social,
environmental, and financial goals," said Lionel Barber, editor of
the Financial Times. "There is still much to be done, and we hope
the tremendous response to these awards from banks around the world will
encourage further innovation and transparency in this area."
Lars Thunell, IFC executive vice president,
said: “These awards demonstrate that sustainable finance offers a tremendous
opportunity for banks to create value for their customers, shareholders,
employees, and the broader community. This is true in the emerging markets,
as well as in developed economies.”
Special commendations were awarded to
ABN Amro of the Netherlands and Bank Sarasin of Switzerland in the Bank
of the Year category, to Citigroup of the United States for Bankers of
the Year, and to ABN Amro and HSBC for Deal of the Year.
The awards were presented at an invitation-only
dinner at the Royal Institute of British Architects in London attended
by 250 senior bankers and decision-makers in the area of sustainability.
David Cameron, leader of Britain’s Conservative Party, was keynote speaker
at the dinner, which was co-sponsored by FTSE Group.
The response to the awards surpassed
expectations in their inaugural year, drawing 90 entries from 48 institutions
around the world.
The judging panel, which included leading
figures involved in sustainable finance and development, initially narrowed
down the entries to a short list of five banks for each of the five categories,
before selecting the overall winners.
The judges for the awards:
Willman, UK business editor, Financial Times (panel co-chair)
Thunell, executive vice president, International Finance Corporation (panel
Birdsall, president, Center for Global Development
Blood, managing partner, Generation Investment Management
Grimes, chief operating officer, FTSE Group
Johnson, co-founder, Sustainable Finance Ltd (technical advisers to the
Tennant, chair, Association for Sustainable and Responsible Investment
Vettivetpillai, managing director, Aureos Advisers Ltd
For more details on the FT Sustainable
Banking Awards, please visit www.ft.com/sustainablebanking
The Financial Times Group, one of the
world’s leading business information companies, aims to provide a broad
range of business information and services to the growing audience of internationally
minded business people. The FT Group includes:
- The Financial Times, one of the world’s
leading business newspapers, recognized internationally for its authority,
integrity, and accuracy. Providing extensive news, comment, and analysis,
the newspaper is printed in 23 cities across the globe, with a daily circulation
of over 445,000 and a readership of more than 1.4 million people worldwide.
- FT.com, one of the world's leading business
information Web sites, and the Internet partner of the FT newspaper. Since
its relaunch in May 2002, the site has continued to be 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 4.8 million unique monthly users (ABC electronic figures Jan.
2006), generating 41 million page views, and has 84,000 subscribers. FT.com
broke even in December 2002.
- The FT Group’s pan-European network
of national business newspapers and online services, including France’s
leading business newspaper and Web site, Les Echos and lesechos.fr. In
February 2000, the FT launched a new German language newspaper, FT Deutschland,
with a fully integrated online business news and data service.
- FT Interactive Data, through which the
FT Group is one of the world’s leading sources of securities pricing and
specialist financial information to global institutional, professional,
and individual investors. Its products include eSignal, an online
real-time streaming quotation service for brokers and active traders.
- FT Business, which produces specialist
information on the retail, personal, and institutional finance industries.
It publishes the UK’s premier personal finance magazine, Investors Chronicle,
and The Banker, Money Management, and Financial Adviser for professional
- The Financial Times Group also has a
stake in a number of joint ventures, including:
- FTSE International, a joint
venture with the London Stock Exchange.
- Vedomosti, Russia’s leading
business newspaper and a partnership venture with Dow Jones and Independent
- A 50% stake in BDFM, publishers
of South Africa’s leading financial newspapers and Web sites.
- A 50% stake in The Economist
Group, which publishes the world’s leading weekly business and current
- A 13.85% stake in Business Standard,
one of India’s leading financial newspapers.
The FT Group is part of Pearson plc,
the international media group.
The International Finance Corporation,
the private sector arm of the World Bank Group, promotes sustainable private
sector investment in developing and transition countries, helping to reduce
poverty and improve people’s lives. IFC finances private sector investments,
mobilizes capital in the international financial markets, helps clients
improve social and environmental sustainability, and provides technical
assistance and advice to governments and businesses. Its 178 member countries
provide its share capital and collectively determine its policies.
From its founding in 1956 through FY05,
IFC has committed more than $49 billion of its own funds and arranged $24
billion in syndications for 3,319 companies in 140 developing countries.
IFC’s worldwide committed portfolio as of FY05 was $19.3 billion for its
own account and $5.3 billion held for participants in loan syndications.
For more information, visit www.ifc.org.