Winners of the 2012 FT/IFC Sustainable Finance Awards Announced
The Financial Times and IFC announced the winners of the 2012 FT/IFC Sustainable Finance Awards, with Bridges Ventures of the UK winning the Award for Excellence in Sustainable Finance, Standard Chartered named as Global Sustainable Bank of the Year, and Kilimo Salama (supported by IFC-led GIIF) of Kenya taking the prize for Technology in Sustainable Finance.
Now in their seventh year, the FT/IFC Sustainable Finance Awards, the awards have become known as the "Oscars for smart banking’’ and are a benchmark for institutions focused on sustainable development. The 2012 Awards attracted 161 entries from 145 financial institutions and 36 non-financial groups in 67 countries.
IFC Vice President Nena Stoiljkovic, a co-chair of the event, presented the awards at a gala dinner in London attended by around 200 senior decision-makers in finance and sustainability. IFC Director Georgina Baker emceed the event. Baroness Susan Greenfield, Scientist, Writer and Broadcaster, was keynote speaker at the dinner.
The event followed a one-day Sustainable Finance Conference organized by the Financial Times and IFC. IFC Vice President Rashad Kaldany opened the event.
This year's event included two new categories: Sustainable Investment of the Year and Technology in Sustainable Finance.
"The winners of the FT/IFC Sustainable Finance Awards demonstrate that environmental, social, and governance standards are good business and good for the bottom line,” Nena Stoiljkovic, IFC Vice President, Business Advisory Services, said. “The expansion of categories helped us attract an even more diverse pool of candidates in 2012. More companies, as well as financial institutions, are adopting sustainable standards, and this year's applicants are a sample of a growing trend that deserves recognition.”
The 2012 winners and special commendations in each category are: Sustainable Bank of the Year
Regional winner Africa/Middle East: Nedbank, South Africa
Regional winner Americas: Itaú Unibanco, Brazil
Regional winner Asia/Pacific: YES Bank, India
Regional winner Europe: Co-Operative Banking Group, UK
Sustainable Global Bank of the Year
Winner: Standard Chartered, UK
Special Commendation: Credit Suisse, Switzerland
Sustainable Investor of the Year
Joint winners: Bridges Ventures, UK, and SAM, Switzerland
Special Commendation: LeapFrog Investments, Australia
Sustainable Investment of the Year
Winner: PerPETual Global & Aloe Private Equity, India-UK
Special Commendation: CleanStar Mozambique & Bank of America Merrill Lynch, Mozambique-UK
Award for Technology in Sustainable Finance
Winner: Kilimo Salama, Kenya
Special Commendation: Yellow Pepper, USA
Special Commendation for Emerging Regional Influence: Banco de Galicia y Buenos Aires, Argentina
Award for Excellence in Sustainable Finance
Winner: Bridges Ventures, UK
The judging panel consisted of:
Martin Dickson, Deputy Editor, Financial Times (co-chair)
Nena Stoiljkovic, Vice President, Business Advisory Services, IFC (co-chair)
James Gifford, Executive Director, UN PRI
David Harris, Head, Responsible Investment, FTSE Group
Mary-Ellen Iskenderian, President and CEO, Women’s World Banking
Chris Locke, Managing Director, GSMA Development Fund
Herman Mulder, International Sustainable Development Advisor