The Financial Times and IFC today announced the winners of the 2007 FT Sustainable Banking Awards, the leading global awards programme designed to recognise banks that have shown leadership and innovation in integrating social, environmental and corporate governance objectives into their operations.
Now in its second year, the programme was created by the Financial Times in association with IFC, the private sector arm of the World Bank Group. Responses this year surpassed the inaugural awards in 2006, drawing 151 entries from more than 100 banks in 51 countries. This year, for the first time, the awards also highlight regional leadership under the Emerging Markets category.
The 2007 winners are:
Sustainable Bank of the Year
ABN AMRO, Netherlands
Runner-up: Barclays, UK
Emerging Markets Sustainable Bank of the Year
ABN AMRO Bank India
Regional emerging markets awards:
Asia – ABN AMRO Bank India
Eastern Europe – Dexia Banka Slovensko, Slovakia
Latin America – Banco do Brasil
Middle East & Africa – Nedbank, South Africa
Sustainable Bankers of the Year
Banamex / Citi Compartamos Mexico
Runner-up: Center-Invest Bank, Russia
Sustainable Deal of the Year
Deutsche Bank/Goldman Sachs (International Finance Facility for Immunisation)
Runner-up: Industrial Bank, China (Financing for energy-efficiency projects)
Achievement in Carbon Finance
Raiffeisen Zentralbank, Austria (Nitrous oxide emission reduction project)
Runner-up: Banco Sumitomo Mitsui Brasileiro, Brazil (CER transaction involving 10 CDM projects)
“The winners of the FT Sustainable Banking Awards showcase how banks can successfully meet social, environmental and financial goals,” said Lionel Barber, Editor of the Financial Times. “As the response to these awards continues to grow, in emerging as well as developed markets, we hope more banks around the world will be encouraged to adopt transparent, sustainable practices.”
Lars Thunell, IFC Executive Vice President and CEO, said: “These awards send an important signal to the banking sector. Sustainable finance, especially in emerging markets, is a proven strategy for creating value and opportunity for clients, shareholders, and the poor.”
The awards were presented at a gala dinner at the Landmark in London attended by more than 250 senior bankers and decision-makers in the area of sustainability. James Cameron, Vice Chairman of Climate Change Capital, was keynote speaker at the dinner. The event followed a one-day Sustainable Banking Conference organised by the Financial Times and IFC.
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 categories of awards, before selecting the overall winners. Eight banks, two from each region, were shortlisted for the emerging markets category.
The judges for the awards:
- John Willman, UK Business Editor, Financial Times (Panel Co-Chair)
- Lars Thunell, Executive Vice President and CEO, IFC (Panel Co-Chair)
- Paul Clements-Hunt, Head of Unit, United Nations Environment Programme Finance Initiative (UNEP FI)
- Sergio Rosa, CEO, PREVI
- Paul Grimes, COO, FTSE Group
- Tessa Tennant, Chair, Association for Sustainable and Responsible Investment in Asia